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Recent comments from the CEOs don’t bode well for a quick arrival to the Open Mainnet.
Pi Network CoFounders Give Vision on Podcast
Pi Network has been growing organically to over 30 million users for over three years. Since December 2021, many users have expected to see the official mainnet arrival, but continual delays have users still waiting.
Following the enclosed mainnet launch in December 2021, a major blog post from the Pi Core team came in March 2022, updating the community and detailing the mainnet progress. This blog post predicted the open mainnet arrival in either March or June 2022.
Now December 2022, many within the Pi Community are looking for answers. The enclosed mainnet is taking longer than expected due to KYC issues. And the wait could be even more.
A recent interview with Pi Network Co-Founders Nicolas Kokkalis and Chengdiao Fan on the CRYPTO 101 Podcast did little to boost the spirits of the mainnet arrival. See an excerpt in the tweet below where Fan predicts progress in the next two to three years on the Pi Network vision.
This is my opinion, many pioneers will continue leaving after this month, less members are joining the project in the last 6 months, and if by March 14 we haven’t enter open mainnet it’ll get even worst. #pi #pinetwork
โ Edycabas ๐ต (@Edycabas) December 9, 2022
Edycabas, an active Pi Network community member, also gives a pessimistic view of the project in the next half year.
Another reason many projects are getting anxious is the lack of fiat connection to the Pi Network. Many projects find it difficult to source funds, legitimize their projects, and build communities without access to funding.
โBecause Pi has no value during the closure of the main network, and the exchange of legal currency is also prohibited. And the time of the opening of the main network is unknown, so all application development teams are facing a common problem, the problem of funds,โ a Pi Chain Mall team member told BSC News.
Recent validator issues have also begun to give headaches to many veteran and passionate Pioneers.
To their credit, Pi Network Core Team has been in communication with the Pi Community at all times. There are even Core team members designated as contacts to major Pi projects. There has been transparency.
And through it all, many members are the Pi Community are sticking it out and persevering through the market conditions.
1/8 #Pioneers who are giving up. Look back at the 3 years journey. We’ve come a long way. Remember 1 thing. Pi Network is a company which Boot Strapped itself without external funds getting involved. I will link a story of a company which Bootstrapped itself with revolutionary..
โ Jatin Gupta (@jatingupta0003) November 30, 2022
With millions of members and empty promises of real-world utilities, many projects and users are still strained by the continual postponements. Another major update from the Pi Network team could do well to assuage community concerns.
See below for the full interview with Pi Network Co-Founders Nicolas Kokkalis and Chengdiao Fan alongside Bryce Paul of the Crypto 101 Podcast.
What is Pi Network:
Pi Network is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution. The project was founded by a team of Stanford University Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Network has evolved over the years and has organized a hackathon, built a couple of working Pi blockchain apps, and is now in the final stages of transition to public mainnet.โ
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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