Mainnet Establishing in Q1 2025 has recently been announced by Pi Community Crew, after which its users are believing that 2025 can prove to be an important year for Pi Community. But there are some questions which suggest that the possibility of Mainnet launch in Q1 of 2025 is less. Currently, there has been a huge decline in the price of Pi coin and this question is gradually arising in the mind of every Pi person whether Pi Community Mainnet Establishing Possible in Q1 2025. In such a situation, let us know about the reason for this delay and the possible changes to come.
Pi Community KYC process delayed
The developers of Pi Community recently released an update, which mentioned the expansion of the KYC (Know Your Buyer) process. During this process, Pi Community users will need to verify their account identity so they can migrate their Pi cash to the mainnet. Earlier this process was to end by December 2024, but now it has been extended till January 31, 2025.
The developers said that more than 18 million users have completed the KYC process, but only 8 million users have migrated their Pi Cash to the mainnet, which is less than the target of 10 million. This shortage became a big reason for the developers, because they do not want their millions of users to be left out of the mainnet. Furthermore, the developers believe that adding more users to the mainnet is essential for the stability of the network.
Terms of Establishing Pi Community Mainnet
Some important conditions have to be fulfilled for establishing Pi Community Mainnet. One of the main conditions is that there should be at least 100 Mainnet Able Apps in the ecosystem of Pi Community. But according to a recently released report, currently only 80 apps are ready for Mainnet and it may be challenging to add new apps in the first quarter of 2025.
The second condition is the market condition. Currently the prices of all cryptocurrencies are falling, which is not the right time to launch any new crypto token. In such Pi Community Developers would like to launch their mainnet when the market is positive.
Conclusion
The Pi Community Mainnet seems more likely to launch in Q2 rather than Q1 2025, especially if the cryptocurrency market improves and more apps are ready. Due to the current KYC process, lack of apps, and cryptocurrency market slowdown, there is a possibility of extending the timing of Pi Community Mainnet Establishing again.
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