After years of development, the time has finally come: Pi Network (PI) will officially launch, and the cryptocurrency Pi becomes available on the market. The network has millions of followers worldwide, and many people have collected Pi through the app in recent years. Most probably even forgot about it. The launch raises a lot of questions though, such as how to sell your Pi and what its value will be. Let’s find out more!
What is Pi Network?
Founded in 2019 by Stanford researchers, Pi Network allowed users to “mine” Pi through an app on their phone. By simply pressing a button, users can collect Pi daily. The rate may increase if you invite others to participate. Remember a few years ago when everyone at work or at school was busy mining PI? Now it will finally be coming to use!
What Is the Value of PI?
The value of Pi has not yet been officially determined. Coinbase gives an indication of around $70 per Pi right now based on an IOU model (I Owe You), but this price comes from a small group of investors and is not yet representative of the open market once the coin is tradable. Some analysts have other views, coming to the conclusion that at a price of $43, PI would launch at the same market cap as Dogecoin, which seems rather unlikely
Where to Sell PI?
PI will be available for buying and selling on several exchanges tomorrow. As of now, it seems that Binance, OKX, MEXC and Bitget are amongst those. To be well prepared, it’s smart to keep multiple exchange options in hand for selling your PI at launch. You can create an account on exchanges MEXC and OKX through the buttons below:
Once you’ve created an account and verified your identification there (must be done before being able to trade), it is probably wise to keep an eye open on news from and about the exchanges about the PI launch. One exchange may open trading sooner or more conveniently than the other, so don’t send your PI anywhere without having done your research on where to sell best after launch!
Conclusion
The launch of Pi Network offers both opportunities and challenges. For many, it is an opportunity to cash in on their months or years of mining. Make sure you make the right preparations, get on an exchange, complete your KYC on time, and be aware of the possible volatility that comes with such a hyped launch. Good luck!
