Pi Network, a crypto project aiming to enable digital asset mining on mobile devices, recently celebrated 2000 days since its official launch in March 2019.
Key Events
This week, the Pi Network team celebrated 2000 days since the official launch. In a statement, they noted that this milestone reflects the steady efforts of their community moving towards creating the world’s most inclusive peer-to-peer ecosystem. 'Each step brings us closer to an open mainnet, where persistence and dedication shape our shared future,' said representatives of the project.
Future Plans
However, questions remain regarding the launch of a native token and the open mainnet. The Pi Network team reported that over 13 million people have passed the KYC process, while more than six million have migrated to the mainnet. The network's deadline for passing the KYC is set for September 30, 2024. In December, the Pi Core Team plans to announce a roadmap for the open mainnet, which will allow the official buying and selling of Pi.
Features of Pi Network
Pi Network uses the Stellar Consensus Protocol (SCP), developed by the Stellar Development Foundation, which consumes less energy compared to the traditional Proof-of-Work algorithms. The network's growth is largely driven by community engagement and a referral-based system. No initial financial investment is required to start mining, and users can earn Pi tokens by participating in the ecosystem and building trust connections.
Pi Network continues to develop despite not having a clear date for the native token and open mainnet launch. The project's future will become clearer after the roadmap is announced in December 2024.
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