Pi Network Launch Date: When Will Pi Coins Enter The Market?

08/05/2022By: L, Laura

Pi Network phase 3 is on schedule and is expected to release in the late 2022, with doubts suggesting the Pi cryptocurrency is just a scam.

 

Pi network has come in for much criticism recently, with rumours suggesting that the much-anticipated Phase 3 of Pi’s evolution and development could be launched before the end of the year.

 

Quick Takeaways

First of all, here’s a detailed summary of everything we’ve covered on Pi network thus far that you may be interested in:

 

  1. Pi network is designed to make it easy for anyone to own cryptocurrency.
  2. This is accomplished by allowing anyone to mine Pi coins on their mobile devices without negatively impacting their battery life.
  3. Pi uses Stellar’s FBA mechanism, making it safer and more modern than the PoW consensus algorithm.
  4. Users’ mining capacity depends on the growth of their ecosystem, as the network uses halving to protect the value of Pi coins.
  5. Phase 3 of the network is on schedule and we expect the protocol to launch in the late 2022.
  6. CurrentlyPi cryptocurrency is not listed on any crypto exchange. This gives it a dollar value of $0 at press time, with some analysts and crypto experts calling the project a scam.

 

Pi Network Phase 3 Launch Date

Though the hotly-awaited ‘Phase 3’ of the project – when Pioneers’ balances will be honoured after Pi transitions to mainnet – has not been announced yet, the interest in the Pi network continues to grow.

 

Rumor has it that the third phase could launch in December 2022. However, the network has not yet confirmed that date, which also encourages crypto users who are skeptical of the project.

 

Since Pi coins cannot be traded and withdrawn until Phase 3 – the coin currently has no real value in the market – some analysts and crypto experts are calling the project a scam.

 

According to Pi Network, “Pi is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency.”

 

The network claims to be marketed by its users. “Essentially, users describe the advantages of the platform and they provide referral names to boost their revenue,” said Pi network.

 

Current User Growth And Pi Cryptocurrency Future

The Pi network is one of the densest ecosystems available. Still, the protocol already has 29 million-plus active miners and users securing its network in beta. This is a fully-programmed space ready to explode once the network eventually goes live.

 

Pi Network promises to solve the problem of web-scale while balancing the scarcity and availability of crypto assets. However, while millions of people have logged in as active users, Pi network model and its definite release date are still a mystery.

 

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