Exciting News from Pi Network
Pi Network, a project that allows users to mine and earn digital assets on their mobile devices, is gearing up for the launch of its mainnet. This innovative project, which was introduced in 2019, aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation.
Recent Developments
Despite its promise and potential, Pi Network has faced controversy within the crypto community due to the lack of clarity regarding the launch of its native token and open mainnet. However, recent updates from the team shed some light on the project’s progress:
– The team announced that over 13 million users have completed Know-Your-Customer (KYC) procedures.
– More than six million users have already transitioned to the mainnet.
“Through our collective efforts, we’re making progress towards the Open Network goals. Keep in mind that the progress is not linear and has been accelerating historically,” the team stated.
Following this announcement, Pi Network set a deadline for users to complete their KYC verification and migrate to the mainnet by September 30, 2024.
“Make sure you don’t miss your deadlines to submit KYC or migrate your Pi. Ask your Security Circle and Referral Team to take actions before the Grace Period ends,” advised the working group.
What’s the Timeline?
While Pi Network is making strides towards its mainnet launch, the exact date of the release remains uncertain. However, a recent announcement from PiBridge, a decentralized financial platform associated with Pi Network, suggests that more information will be shared soon:
– PiBridge will host a talk show on August 30 to discuss the project’s future.
– Speakers at the event will include key figures such as the CEO of PiBridge and the Founder of Pi Revolution.
“Subscribe to the PiBridge YouTube channel and set a reminder to join this special talk show. Don’t forget to stay updated with the latest announcements to receive an airdrop totaling up to 50,000 TPIB from us,” PiBridge stated.
Conclusion
As Pi Network progresses towards its mainnet launch, users are eagerly anticipating the deployment of the native token and the official release. Stay updated with the latest developments and announcements from the project to ensure you don’t miss out on any important deadlines or opportunities.
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