We will inform you about the latest developments of Pi Network, which is attracting attention in the cryptocurrency market. On CoinMarketCap’s IOU platform, the price of Pi Network has recorded $80, showing a steady upward trend towards its all-time high of $330.
The deadline for KYC application is tomorrow. Please apply with plenty of time as processing may be delayed due to time differences or servers.
→ Extended to the end of December.
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How to apply for PiNetwork KYC (Identity Verification) and points to note
What is IOU: Current Status of Pi Network Trading
IOU (I Owe You) functions as an indicator showing a promise of future transactions. Trading in the current IOU market is an important indicator for predicting the value after the full-scale deployment of Pi Network in the future.
Relationship with Bitcoin and Uniqueness
Recently, the possibility of moving approximately 2,000 BTC from a wallet from the early days of Bitcoin has been suggested, and it has been pointed out that this movement may be related to the Pi Network project. Points to note in particular:
- Design aimed at solving Bitcoin’s challenges
- Emphasis on practicality in daily transactions
- Realization of a more efficient payment systemClick here for the article
Pi Network and Satoshi: The truth behind the 2000 Bitcoin movement and its impact on investment
Major Achievements over the Past 5 Years
Since its establishment, Pi Network has achieved the following important results:
- Establishment of a global user base
- Development of a unique mining system
- Realization of mobile mining
- Establishment of a community-driven growth model
Current Challenges and Progress Towards Practical Use
To make Pi Network practical, the following challenges are being addressed:
- Compliance with laws and regulations in each country: Discussions with regulatory authorities are ongoing
- Merchant network: Expansion of global partnerships
- Reliability of the payment system: Continued demonstration experiments on the testnet
Significance of Mainnet Launch at the End of 2024
The launch of the mainnet will be a significant turning point for Pi Network in the following respects:
- Full-scale start of actual transactions
- Stabilization of value
- Establishment as a global payment system
Price Prediction and Market Outlook
Among market experts, the following predictions are made regarding the price after the mainnet launch:
- Short-term target: Around $100
- Medium-term target: Possibility of reaching $300
- Long-term value: Stable growth based on practicality
Future Outlook and Points of Interest
The following factors will be important for the future development of Pi Network:
- Progress of the roadmap until the mainnet launch
- Expansion of global partnerships
- Adoption status as a practical payment system
- Status of regulatory environment development
While awaiting the official announcement from the Pi Network team, market attention is focused on the progress of the project and price trends. Further development is expected, especially towards the mainnet launch at the end of 2024.