• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

Pi Network: Updates and Prospects for Mainnet Launch

by

2 hours ago


Pi Network, a cryptocurrency project aimed at enabling the mining of digital assets on smartphones, has been the subject of widespread discussion. Despite multiple updates, the precise timeline for the launch of the open mainnet remains unclear.

Recent Developments in the Project

The Pi Network team has strongly advised users to become KYC validators to assist with data verification as the project purportedly approaches its mainnet launch. This year, the team claimed that over 13 million people have already completed KYC procedures, with the verification deadline extended to November 30. Recently, the Pi Network team stated the need for additional KYC validators to handle the influx of new requests.

How to Receive Pi Tokens

The Pi Network team clarified that those joining as validators will be rewarded with Pi tokens for their diligent work. Their task is to help the project move towards an open network, planned for launch by the end of 2024. The team also promised more information on the roadmap in December of this year.

Guidance for Users

According to a recent disclosure, many users face difficulties with KYC procedures and migration to the mainnet. Users are advised to join a dedicated Telegram chat for questions answered. The ongoing issues and delays have sparked mixed feelings within the community, ranging from gratitude for the assistance to skepticism about the project's future.

Despite the work and updates conducted, skepticism still surrounds Pi Network. Users need to stay alert and follow project updates to understand its future prospects.

0

Share

Other news

How Geopolitical Tensions and Rising Energy Prices May Boost Bitcoin

Rising energy prices and Middle East tensions set the stage for Bitcoin's rise. Institutional interest grows.

4 minutes ago

BabyCate and Captain Mutant Partnership: A New Step in Promoting Golden Cat

BabyCate and Captain Mutant team up to promote the Golden Cat project. Campaign launch scheduled for next week.

4 minutes ago

Xaman Wallet Shows Rapid Growth in User Activity

Xaman Wallet, on XRPL Xahau, regains user activity after decline.

5 minutes ago

World Liberty: Token Sale Issues and DeFi Difficulties

World Liberty's token sale fell short of expectations, highlighting DeFi challenges amid high interest rates.

5 minutes ago

Crypto Whale's Impact on Markets Ahead of U.S. Elections: Trust in Trump's Victory Rises

A major crypto investor influences markets anticipating Trump's victory, despite polls.

5 minutes ago

Goatseus Maximus Price Surge as a Key Trend in the Cryptocurrency Market

Goatseus Maximus price surged 15% in the last 24 hours, reaching $0.3659. The trading volume increased by 6% to $160 million.

6 minutes ago

dapp expert logo
© 2020. DappExpert. All rights reserved.
© 2020. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.