Pi Network Nears Open Mainnet Amid Price Scams and Misinformation

    By

    Shweta Chakrawarty

    Shweta Chakrawarty

    Pi Network prepares to launch its Open Mainnet while combating misinformation and price scams, urging its community to stay informed.

    Pi Network Nears Open Mainnet Amid Price Scams and Misinformation

    Quick Take

    Summary is AI generated, newsroom reviewed.

    • Pi Network moves closer to Open Mainnet, enabling global connectivity and external integrations.

    • False Pi coin price claims and scams circulate, confusing new users.

    • The Pi Core Team calls on the community to spread facts and correct misinformation calmly.

    The Pi Network is approaching a major milestone. As it prepares to transition from its Enclosed Mainnet phase to an Open Mainnet. The official team recently confirmed that the switch will occur once the ecosystem matures and the KYC process progresses sufficiently. This change will remove the firewall restricting external connections, allowing integration with other networks, wallets, and exchanges worldwide.

    Progress Toward Open Mainnet

    Since December 2021, the Pi Network has operated an Enclosed Mainnet. This phase enabled live blockchain activity but limited external access. During this time, users, called Pioneers, have been encouraged to complete KYC and migrate their Pi tokens onto the live network. Meanwhile, the community has been actively building apps and utilities within this secure environment.

    The team emphasizes that the Open Mainnet launch depends on ecosystem readiness and user verification. Once the firewall is lifted, Pi blockchain will enjoy full global connectivity, fostering broader adoption and utility.

    Growing Concerns Over Misinformation and Price Scams

    As Pi gains more attention, misinformation and scams have also increased. Some groups falsely hype unrealistic Pi coin prices, misleading new users, and creating confusion about liquidity and market value. For example, claims of Pi being priced at $314,159 with no real liquidity have circulated widely.

    The official Pi Core Team warns against falling for such schemes and highlights that the real Pi coin price is available through exchanges and onramps authorized by the team. They have even integrated a Buy button directly into the official wallet to facilitate safe and transparent trading.

    Community Role in Fighting Misinformation

    To protect the network’s reputation, the Pi Core Team has called on its community to actively counter false information. They encourage Pioneers to publish fact-based content, correct misleading posts on public platforms, and engage respectfully with those spreading rumors.

    The team advises using only official announcements as sources and recommends linking to verified Pi resources. They stress the importance of calm, educational interactions rather than confrontations.

    Looking Ahead

    The Pi Network’s move toward an Open Mainnet signals significant progress for its blockchain ecosystem. However, the path is not without challenges. Addressing misinformation remains critical to safeguarding the project’s integrity and supporting informed adoption. With the community’s help, Pi hopes to maintain transparency and trust as it transitions to a fully open, globally connected blockchain.

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