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 generate revenue for the project.

While the team says this money goes toward development, many users feel that monetization might be taking precedence over delivering the Mainnet.

Let’s face it—if millions of active users watch ads daily, that’s a nice income stream.

It’s easy to see why some skeptics believe the delays might be deliberate. 😢

When Can You Sell Pi Coins?

Right now, the answer is: not until the mainnet is fully launched.

The Pi team has promised that the mainnet will allow tokens to be traded on exchanges and used in real-world transactions.

However, they haven’t given a firm deadline for when that will happen.  

The team must officially launch the Pi network mainnet to make Pi coins tradable and usable outside the current ecosystem.  

Also, Pi will need to be listed on cryptocurrency exchanges to allow trading for other cryptos or fiat currencies.  

Unfortunately, until these steps are complete, you can’t sell Pi coins.

Except you want to play smart like me 😉 👇

How to Sell Pi Coins Now

If you are among the lucky pioneers who have completed KYC and migrated to mainnet, you can sell Pi coins to buyers on different social media platforms.

When you search “sell pi coins” on X (former Twitter) or Telegram, you’ll see those offering to buy.

But be careful. Many have lost their Pi coins through this process.

I was lucky to find a buyer among my WhatsApp contacts so I wasn’t scammed.

The process involves sending your Pi to their wallet address and receiving the cash equivalent in your bank account.

That is after agreeing on a sell rate. For example, I sold it for 320 naira per Pi.

I know a Whatsapp group where buyers pay 500 naira for one Pi coin. Feel free to check it out.

Before we call it a wrap, let’s see what the Pi team should improve.

What the Pi Team Needs to Do Better

The Pi Network team has done a great job building a huge user base, but there are some areas where they need to step up:  

• The team needs to scale up the KYC process and make it available to all users ASAP.  

• Many users feel left in the dark about what’s happening with Pi Network Mainnet development. Regular, detailed updates would go a long way in building trust.  

• While building an ecosystem is important, the priority should be launching the mainnet so that users can sell Pi coins for real value. 

Managing Your Expectations

Some people believe in Pi’s potential to create a decentralized, inclusive cryptocurrency, while others think it’s all hype.

The truth is probably somewhere in the middle.  

So, be patient.

If you believe in the project, keep mining, stay engaged, and wait for the team to deliver. But be prepared for a long road ahead.  

Moreover, you might be disappointed if you’re in Pi to make a quick buck. It could take years for the tokens to gain real-world value.  

All the same, keep an eye on the team’s actions, not just their words.

Transparency and progress are key to determining whether this project is worth your time.

Conclusion

Pi Network has incredible potential, but mainnet delays and unclear timelines test users’ patience.

The focus on ads and ecosystem apps makes it hard to believe that launching the mainnet is the team’s top priority right now.  

It’s important to manage your expectations until the Pi Network delivers on its promises.

Keep mining if you’re hopeful, but don’t bank your future on those Pi coins.

There are various ways to make money in crypto, and we teach these strategies weekly on Telegram. Click here to join for free.

As for Pi, we can only wait and see if the vision becomes reality or remains another unfulfilled dream in the crypto world.

Thanks for reading.

Please share this post with friends, and feel free to share your Pi coin story in the comments or ask any questions you may have.