Pi Network, one of the most discussed crypto projects in recent years, has announced plans to launch its mainnet in the first quarter of 2025. Initially launched by Stanford graduates in 2019, the project captured millions of users with its mobile mining scheme. However, the path to this goal has been complex and accompanied by a series of delays.
The Origins of Pi Network
Pi Network emerged in 2019 with a mission to make cryptocurrency mining accessible to everyone through mobile phones. This concept attracted a significant user base, making it one of the largest communities in the cryptocurrency space.
The Simple Answer: Q1 2025 Launch Target
According to Pi Network's latest information, the open network is scheduled to launch by March 31, 2025. This date has been reaffirmed by the project's recent communications, despite ongoing ecosystem developments.
A History of Delays and Extensions
Community skepticism concerning launch timelines stems from multiple delays and extensions. The project's 'Grace Period,' allowing community members to complete various requirements, has been extended three times. These extensions have eroded some community members’ confidence in the project's ability to meet announced deadlines.
The project's launch timeline has seen multiple shifts: * The second whitepaper suggested potential launch dates in March or June 2022 * In December 2023, announcements were made for a potential 2024 launch, contingent on three conditions being met. * Recent communications continue with qualifying language about timing, stating, 'Open Network could occur before or after the Grace Period ends.'
While Pi Network targets a Q1 2025 launch for its mainnet, the history of delays and qualifications makes this timeline appear uncertain. The upcoming months will be critical to see if the project can fulfill its promises and maintain community trust.
