Pi Network has officially launched its mainnet, allowing users to migrate their assets and utilize the new S Token which debuted at a fully diluted valuation of $1.95 billion. The launch occurred on February 20, 2025, despite ongoing debates over the project’s legitimacy and regulatory concerns in the cryptocurrency space. Pi Network’s platform promises to allow users to mine coins on their mobile devices without draining battery life, attracting over 30 million users globally. The team has emphasized community building and mainstream adoption, with spokespersons stating, ‘Our goal is to make cryptocurrency accessible to everyone.’ With its S Token launched amid challenges such as minimal liquidity, analysts predict it may take time to stabilize. The mainnet launch, which has been in development for several years, is viewed as a critical point for the project, encouraging users to transfer their coins to the new mainnet. Internal discussions reveal that developers are focused on enhancing security protocols and building partnerships to boost credibility. The community remains cautiously optimistic, with one user commenting, ‘We are excited but are waiting to see how it performs on the market.’ The success or failure of Pi Network may depend on its adaptability and response to these ongoing challenges.
Pi Network Launches Mainnet and S Token Amid Controversy
