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Pi Network has been gaining significant traction worldwide, recently surpassing Ethereum in social media followers. The project has built a strong community in countries like South Korea, Japan, and China, and it is preparing for its Open Network launch on February 20, 2024.
Pi Network’s Expanding Global Influence
For nearly six years, Pi Network has been a topic of discussion in the crypto world. The project, which claims to enable digital asset mining through smartphones, has yet to launch its mainnet or public token. Despite this uncertainty, it has amassed a vast global community.
In December 2023, Pi Network reached a milestone by surpassing 100 million downloads on its mobile application. The project has gained immense popularity in Asia, particularly in countries such as South Korea, Japan, India, China, and Vietnam. This significant adoption underscores its growing influence in the region.
Pi Network Surpasses Ethereum in Social Media Followers
According to Pi News, a leading blockchain media platform, Pi Network has witnessed remarkable engagement on social media. The project now boasts over 3.7 million followers on X (formerly Twitter), surpassing Ethereum’s follower count.
Pi News also highlighted that Pi Network ranks among the most followed crypto projects on X, alongside Binance Coin (BNB), Bitcoin (BTC), Dogecoin (DOGE), and Shiba Inu (SHIB). This growing online presence reflects the dedication and size of the Pi Network community.
In South Korea, Pi Network has gained massive traction. Reports from Wu Blockchain indicate that the platform has over 1.3 million users in the country, exceeding the customer bases of major exchanges like Binance and Coinbase.
Beyond South Korea, Pi Network is witnessing increased adoption in countries like India, Nigeria, and China. According to Pi News, a recent event in Hebei Province, China, showcased merchants accepting Pi payments for various products. Such events continue to strengthen community trust and engagement.
The Open Network Launch and Future of Pi Token
Pi Network’s development team recently announced that the Open Network launch is set for February 20, 2024. If the launch proceeds as planned, it will enable exchanges to list the Pi token, making it publicly tradable.
Leading crypto exchanges such as Bitget, OKX, and MEXC have already expressed interest in supporting Pi token trading upon launch. However, skepticism remains within the industry. Bybit CEO Ben Zhou has issued a warning about Pi token, advising traders to “stay away.”
As anticipation builds, the success of Pi Network’s Open Network launch could mark a turning point for the project and its global adoption.
For the latest updates on Pi Network and its upcoming developments, stay tuned to Turkish NY Radio.
