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Pi Coin (PI) Enters a New Era: Trading on Exchanges! Here's the Price and Founder's Speech!
Pi Coin (PI), closely followed by cryptocurrency users, officially entered a new phase in its mainnet today.
Pi Network (PI) officially launched the Open Network. According to the latest data, the token listed on the gateio cryptocurrency exchange lost 70% of its value within a day and is currently trading at $0.75.
According to the team's official announcement, users can now perform transactions beyond the Pi ecosystem through the active external connection, interact with KYC-verified businesses, and access new integrations, including central exchanges.
While developer tools are vital, the long-term success of the Pi ecosystem depends on its adoption in the real world. However, let's not forget that there are also those who claim that the PI token has a pyramid scheme-like structure and therefore argue that it is highly risky.
Before this launch, Pi Network's co-founders, Chief Technology Officer Dr. Nicolas Kokkalis and Product Director Chengdiao Fan, shared their views on the network's vision and strategy.
According to the description, Pi Network currently has more than 100 Mainnet-ready applications designed to be seamlessly accessible via the Pi Browser.
The network with millions of Pi tokens in circulation has structured a tokenomic model to maintain stability and promote sustainable growth. Pi's issuance model is designed to reward users based on contributions such as security validations, app usage, and active Nodes, gradually decreasing over time.
The transition process of Pi Network to Open Network has been ongoing for six years. Since the start of the Enclosed Network phase in December 2021, the team has focused on identity verification (KYC), application development, and vendor integrations. Pi Network has over 19 million verified users, 10 million users who have migrated to Mainnet, and a community of 60 million interactive members.
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