Sell Pi Coins – Why Wait for Pi Network Mainnet

I sold my 43.75 Pi for 14,000 naira in June. As you can see in the image below, it was the only money in my account at the time. Talk about a life-saving moment. 😂

People who sell Pi coins are often criticized because it reflects a lack of support for the network, but who cares?

The Pi network mainnet is taking so long and I don’t blame anyone that leverages any opportunity to sell.

Millions are watching and wondering when the mainnet will launch and if the Pi team’s promises will ever come true.  

Let’s chat honestly about the Pi Network’s current state—what’s going on, why the mainnet seems so far off, and what you should realistically expect.

What’s Holding Pi Network Mainnet?

You can’t sell Pi coins yet because of mainnet delays.

Pi Network has been in development since 2019. It’s been five years of mining and waiting.

The team has promised a revolutionary cryptocurrency that’s accessible, decentralized, and environmentally friendly.

But as of now, your Pi tokens are still locked in the testnet, and there’s no clear date for when they’ll migrate to the mainnet.  

So, what’s causing the delay?  

1. KYC Verification Bottlenecks

KYC (Know Your Customer) is a big reason for the slowdown.

The Pi team insists that only verified users can migrate their tokens to prevent fraud.

That’s fair—but the process has been agonizingly slow.

Only some users have been invited to complete KYC, yet a few KYCed have successfully migrated their tokens.

This is frustrating, especially for long-time users who feel like they should have been prioritized.

Besides, what’s the fuzz about KYC, isn’t Pi Network supposed to be decentralized? 🙄

As of press time, the Pi KYC deadline is December 31, 2024.

2. Overemphasis on Ecosystem Building

Another sticking point is the Pi Network’s heavy focus on building an ecosystem of apps and services within the network.

They’ve held hackathons, encouraged developers to create Pi-based apps, and launched internal marketplaces.  

Last month, the celebrated Pi Fest 2024.

That’s all great in theory. A strong ecosystem will give Pi tokens real utility once the Mainnet is live.

But some of us are thinking: Why focus so much on apps when we can’t even use our Pi outside the Testnet yet?

It feels like the cart is being put before the horse, and it’s hard not to wonder if the team is stalling.

3. Ads and Monetization Priorities

Here’s the elephant in the room: ads.

The Pi Network app introduced ads as a way to…