Pi Network did not have a mainnet move on Pi Day March 14, 2024 as expected by the community.

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So Pi Network seems to have not launched the mainnet on Pi Day (March 14, 2024), five years since this controversial project launched but in a "closed" state. Even though it's not mainnet, it seems this result is not unexpected. The Pi Core Team itself has never given a specific timeline, and March 14, 2024 is just the general expectation of the Pi community as BeInCrypto previously shared.

In return for the disappointment about the mainnet plan on Pi Day, the Pi community in Vietnam has the opportunity to expect a new product on the platform in which Pioneers will be rewarded for... watching ads. Users will be rewarded with a set of tokens and these tokens can then be converted into Picoin at the current rate of 10 tokens = 1 PI.

According to BeInCrypto, users will "see" ads once every hour. Thus, in addition to "triggering lightning" every day in the traditional way, Pi Network users now have another method to earn free PI. However, because PI Network is not mainnet yet, this amount of PI is currently only limited to numbers or can be traded via OTC.

In fact, this is a revenue sharing model commonly seen in some of the major cryptocurrency projects that BeInCrypto has recently introduced to readers. For example, Uniswap gives a portion of the trading fees to platform users. Or like Ton also shares profits with users who are channel owners. Although they are also used as a means of payment in the ecosystem, the biggest difference here is that tokens like UNI or TON can be traded publicly on exchanges.

See more: More evidence that Pi Network is just a scam

Picoin there same corner?

All comparisons are lame, at least at the present time. Because, in terms of price, when PI has not been publicly listed, we do not have a common standard for this assessment. The PI IOU or OTC price does not reflect its actual value.

In terms of ecosystem, the current top meme coin projects are also very different from before. Taking advantage of the wave of meme coin speculation, many projects such as Dogecoin or Shiba Inu then returned to build and develop their own ecosystems. Perhaps this is still the most sustainable path towards a project that grows and survives over time.