Pi Network Latest Updates

lengthy story quick

• Pi Community is advancing mainnet deployment and tens of millions of customers are migrating, however the particular launch date continues to be unclear.
• Customers should full KYC by September 30, 2024, and extra particulars are anticipated to be introduced in an upcoming speak present.

what’s new?

Pi Community is a crypto venture designed to permit customers to mine and earn digital property on their cellular units. Launched in 2019, it goals to attain power financial savings through the use of a consensus algorithm referred to as Stellar Consensus Protocol (SCP). Developed by the Stellar Improvement Basis, it’s a substitute for Proof of Work (PoW), which is related to excessive energy consumption.

Nonetheless, Pi Community stays one of the crucial controversial tasks within the cryptocurrency house, as there isn’t a clear indication of when customers can anticipate the launch of a local token and an open mainnet.

Final week, the staff made a giant announcement about this matter, claim Greater than 13 million folks have handed the Know Your Buyer (KYC) course ofand extra Greater than 6 million folks have migrated to the mainnet.

“by our collective effortsure Towards the purpose of an open web. bear in mind Progress will not be linear and has traditionally been accelerating,” the announcement reads.

Quickly after, the Pi Community staff Overview September 30, 2024 is the deadline for customers to finish KYC verification and transition to the primary community.

“Be sure you do not miss the deadline to submit KYC or migrate Pi. Ask your safety circle and referral staff to take motion Earlier than the grace interval ends,” the working group beneficial.

Will it come this 12 months?

Though Pi Community is about to launch its mainnet, the precise date continues to be unclear. Earlier this week, PiBridge, a decentralized finance platform that acts as a bridge between the Pi Community and different blockchain networks, declare There can be a chat present on August thirtieth, throughout which This subject can be mentioned.

PiBridge will host the podcast, with frequent audio system together with Victor Nguyen (CEO of PiBridge), Woody Lightyear (Founding father of Pi Revolution), Wesley Rocha (Advertising and marketing Supervisor at Teltlk Worldwide) and Vindicated Chidi (a well known determine within the Pi Community neighborhood) neighborhood gathering).

The speak present will happen on PiBridge’s YouTube channel, as there can be particular Allocate tokens to eligible subscribers:

“Subscribe to the PiBridge YouTube channel and set a reminder to hitch this particular speak present. Don’t neglect to comply with the most recent bulletins to get our airdrop of as much as 50,000 TPIB.