Pi Network, the closely followed tap-to-earn cryptocurrency network, will launch its mainnet on Thursday, February 20.
This mainnet launch will be a significant milestone for a crypto project that has been in development for six years and has operated in an enclosed mainnet since 2021.
It will allow pioneers to sell their Pi coins and enable over 100 developers to showcase their work to a global audience. These developers have built applications across various industries, including decentralized finance and gaming.
The Pi Network mainnet launch is highly anticipated due to its scale. At its peak, it had over 50 million users, with 10.1 million of them having already migrated their tokens to the mainnet.
A key aspect of the mainnet launch will be its exchange listings. Major crypto exchanges, including OKX, HTX, Bybit, MEXC, and Bitget have confirmed they will list the Pi coin as soon as the mainnet goes live.
Binance Pi Network listing poll
Binance, the largest crypto exchange, has taken a different approach by conducting a poll on whether it should list Pi. Participants must have at least $5 in their accounts to vote. Data shows that over 88% of participants support the listing.
The poll will run until Feb. 27, and the result is unlikely to change. The poll’s comment section shows strong support for the listing, with many users believing Pi could become one of the biggest cryptocurrencies in the industry.
On the other hand, critics argue that Pi Network appears to be a scam. While Pi has faced accusations of being a fraud or a pyramid scheme for years, no conclusive evidence has emerged to support these claims.
Other prominent exchanges, such as Coinbase, Kraken, and Upbit, have not confirmed whether they will list Pi Network’s coin. Historically, these exchanges have been more cautious with newly minted tokens and have yet to list some popular assets like Hamster Kombat and Catizen.
A listing on these major exchanges would be a significant boost for Pi Network due to their market reach. Upbit is the largest exchange in South Korea, while Coinbase and Kraken hold substantial market shares in the United States.
Implication on Pi coin price?
Historically, exchange listings by major exchanges like Coinbase, Kraken Upbit and Binance leads to a higher coin price.
Pi coin price will likely have a similar pump when the listing happens. However, in Binance’s case, the price action may be muted since market participants have already priced in it.
Also, the listing will happen 7 days after the mainnet launch happens, when the hype will have reduced.
