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Tap-to-Earn” Pi Coin Network is getting closer to launching its mainnet, and excitement is growing among its users, known as “Pioneers.” With the mainnet launch expected to take place in February or March 2025, the countdown has begun, and so has the rush to redeem mined Pi coins.
KYC Deadline Approaching
As the Pi Network’s mainnet launch nears, the Know-Your-Customer (KYC) deadline is fast approaching. Pi Network’s developers have set January 31 as the final date for KYC verification, with hopes that no further extensions will be granted.
This deadline comes after two previous delays, primarily since while over 13 million pioneers were verified, only 8 million had moved their coins to the mainnet. It is expected that the KYC process will close once at least 10 million users have transferred their coins.
Three Key Conditions for Mainnet Launch
KYC verification is one of three conditions that must be met before Pi Network can go live on the mainnet. The second condition is that the network needs at least 100 applications ready for the mainnet. Right now, there are about 80 apps available, so the team is working hard to add 20 more before the launch.
Meanwhile, the third condition, which is related to external factors, has already been met, making it clear that the launch is moving forward.
Pi Coin Price Movement
Currently, Pi Coin is only listed on HTX and has seen some price movement as the KYC deadline approaches. Despite a 5% drop in the last 24 hours, Pi Coin’s price remains around $42.21, with a market cap of $2.86 billion.
The price chart shows a pattern called a double bottom, which is often seen as a sign that the price could go up.
If the mainnet launch goes as planned, Pi Coin could rise by 110%, reaching around $91.50. But, if the launch gets delayed again, the price might drop to $30, which was the lowest price in September.