Pi Network has implemented a two-factor authentication (2FA) system to enhance the security of user wallets during the mainnet transition process. This new security measure includes mandatory email verification for some users.
Understanding the 2FA System and Pi Return Mechanism
Users of Pi Network will be required to complete email verification to ensure account security during the mainnet transition. The Pi Core team has stated that the 2FA security system aims to protect users’ assets. If users fail to complete this security step, their Pi balances will be returned to the mining application. Additionally, this system helps prevent fraudulent and erroneous transfers by blocking unauthorized access.
Pi Coin and Market Dynamics
Following the 2FA update and mainnet transition announcement, fluctuations in Pi Coin’s price have been observed. Price movements approaching critical support levels in the cryptocurrency market have formed a symmetrical triangle pattern. This suggests the price could potentially enter either a bullish or bearish trend. Moreover, a plan to release approximately 129 million units of Pi Network’s native token is expected to enhance market liquidity. However, uncertainty regarding the exchange listings of Pi Coin remains a key factor affecting price movements.
Cryptocurrency enthusiasts are closely monitoring the mainnet transition of Pi Network, the 2FA requirement, and the token release process. All these developments are considered significant factors that could affect market volatility in the near future.
