Mainnet migration」タグアーカイブ

Pi Network Mainnet Migration Plan: Will Exchange Listing Happen?

The innovative project “Pi Network,” which allows cryptocurrency mining using only a smartphone, is reaching a critical turning point. With over 60 million Pioneers (Pi Network users) participating worldwide, we will explain the latest developments regarding the potential full Mainnet migration and exchange listing in 2024.

The Innovation of Pi Network

Traditional cryptocurrency mining required expensive dedicated equipment and significant power consumption. In contrast, Pi Network has realized a groundbreaking system that allows anyone to easily participate in mining through a smartphone app. Mining is possible simply by logging in daily, while minimizing battery consumption.

Current Status and Challenges

Pi Network is currently in the transition period from Testnet to Mainnet. Pi coin is still only available within the app, and trading and withdrawals are restricted. The core team is addressing the following challenges, prioritizing security and regulatory compliance:

  • Full implementation of the KYC (Know Your Customer) process
  • Strengthening of the anti-fraud transaction system
  • Ensuring scalability
  • Establishment of community governance

Details of the New Roadmap Version 2

1. Infrastructure Expansion

To achieve large-scale transaction processing, the following technical improvements are being advanced:

  • Strengthening blockchain scalability
  • Optimization of security protocols
  • Expansion of the node network

2. Introduction of Decentralized Autonomous Organization (DAO)

To realize community-driven decision-making, the following mechanisms will be built:

  • Implementation of a voting system
  • Establishment of a proposal mechanism
  • Building a highly transparent operational structure

3. Ecosystem Expansion

Development of practical decentralized applications (dApps) will be promoted:

  • Green finance related applications
  • Platforms supporting sustainable consumption
  • Social impact measurement tools
  • Local economy revitalization services

4. Open Mainnet Deployment

In the full Mainnet migration planned for 2024, the following will be aimed for:

  • Achievement of full decentralization
  • Realization of global transactions
  • Preparation for listing on major exchanges

Path to Exchange Listing

Preparations for exchange listing after the Mainnet migration are underway:

Technical Requirements

  • Optimization of the Stellar Consensus Protocol
  • Improvement of transaction processing speed
  • Conducting security audits

Market Stabilization Measures

  • Consideration of Pi stablecoin development
  • Building mechanisms to ensure liquidity
  • Implementation of price fluctuation countermeasures

Expected Effects After Exchange Listing

If exchange listing is realized, the following benefits are expected:

Market Effects

  • Realization of global market access
  • Formation of appropriate market value
  • Improvement of liquidity

User Benefits

  • Potential economic benefits for early adopters
  • Increased freedom of trading
  • Possibility of exchange with other cryptocurrencies

Environmental Considerations

Pi Network’s efforts to reduce environmental impact are as follows:

  • Achieved over 99% power saving compared to traditional mining
  • Efficient transaction confirmation through the Stellar Consensus Protocol
  • Priority development support for environmentally friendly dApps

Future Outlook

Through the full Mainnet migration in 2024, Pi Network aims to become a significant player in the cryptocurrency ecosystem. Development is particularly expected in the following areas:

  • Promotion of sustainable economic activities
  • Provision of inclusive financial services
  • Environmentally conscious technological innovation
  • Formation of a global community

The realization of exchange listing will create opportunities for more users to recognize the value of Pi coin, and further development of the project is expected.

The Complete Guide to Pi Network’s Mainnet Migration: Expected Future and Potential

Pi Network, a new decentralized financial system that can be started with just one smartphone. Unlike traditional complex cryptocurrency systems, it is attracting attention as an innovative platform that anyone can participate in.

Innovative Mobile Mining Achieved by Pi Network

Traditional cryptocurrencies, such as Bitcoin, required specialized mining equipment and technical knowledge. On the other hand, Pi Network has realized a groundbreaking system that anyone can easily participate in through a smartphone app. No expensive equipment or specialized knowledge is required; you can participate in mining simply by tapping a button.

Three Important Changes Brought About by Mainnet Migration

1. Complete Asset Management Authority

With the mainnet migration, users gain complete management authority over their Pi assets. This signifies independence from centralized systems and leads to the realization of true decentralized finance.

2. Implementation of Community Governance

Users called Pioneers will be able to participate in important network decisions. They will have voting rights on the project’s direction and changes, enabling true community-driven development.

3. Improved Interoperability

Collaboration with other blockchain networks will become possible, and the utilization of Pi Coin on various platforms and applications is expected.

Outlook and New Features Towards 2025

Expansion of New Partnerships

Taking advantage of the mainnet migration, partnerships with various companies and organizations are planned. This is expected to further enhance the utility and value of Pi Coin.

Expansion of the Application Ecosystem

With support for the development of decentralized applications (dApps) and the addition of new features, the Pi Network ecosystem is expected to undergo further development.

Liberation from Traditional Financial Systems

The innovative feature of Pi Network is the realization of direct financial transactions that do not require traditional banking systems or intermediaries. This leads to:

  • Simplification and acceleration of procedures
  • Significant reduction in transaction costs
  • Global access to financial services
  • Establishment of individual financial autonomy

Security and Regulatory Compliance

Along with the mainnet migration, Pi Network is also focusing on strengthening security and complying with regulations. It aims for sustainable growth while balancing user asset protection and legal compliance.

Preparation and Mindset Required of Pioneers

When migrating to the mainnet, Pioneers need to pay attention to the following points:

  • Completion of KYC verification
  • Proper management of wallets
  • Active participation in community governance

Summary: Towards an Innovative Financial Future

The mainnet migration of Pi Network holds more significance than just a technical change. It is an important step towards realizing a new financial system that anyone can participate in. As an innovative cryptocurrency project that can be started with just one smartphone, Pi Network is expected to contribute significantly to the democratization of finance and the improvement of financial inclusion.

Pi Network Opens Dedicated Media Inquiry Form Ahead of Mainnet Migration

Ahead of the upcoming mainnet migration, Pi Network has launched a new feature: a dedicated inquiry form for the media. This new feature aims to efficiently handle interview requests and inquiries from media professionals.

URL here
https://minepi.com/newsroom/

KYC Submission Deadline Approaching

The deadline for KYC (Know Your Customer) submission is set for November 30, 2024. Users who have not completed KYC may lose the ability to use their held coins, so prompt action is recommended.

Details of the Dedicated Form for Media

The newly established inquiry form requires the following information:

  • Full Name
  • Phone Number
  • Media Website URL
  • Official Media Email Address
  • Job Title
  • Portfolio or Article Link

Pi Network Official Social Media Presence

The current follower counts for each Pi Network social media platform are as follows:

  • Twitter: 3.4 million followers
  • Telegram: 2.6 million followers
  • Instagram: 1.9 million followers
  • Facebook: 1.9 million followers
  • YouTube: 1.5 million followers

Regarding Inquiry Handling

The Core Team has indicated a policy of carefully reviewing submitted questions and responding only to high-quality inquiries.Questions from general Pioneers or inquiries unrelated to media are not accepted through this form.

Future Developments

Further feature additions and updates are planned in preparation for the mainnet migration. Users are encouraged to check official channels for the latest information.

The Importance of Completing KYC and Mainnet Migration

Important Announcement

Pi Network has announced important updates towards the launch of the Open Network. All Pioneers (Pi Network users) must complete the necessary procedures by the following deadlines:

  • KYC (Identity Verification) Completion Deadline: November 30, 2024
  • Mainnet Migration Deadline: December 31, 2024

Details of Required Procedures

1. KYC (Identity Verification) Procedure

The steps for applying for KYC are as follows:

  • Tap ‘Submit KYC’ from the app’s main screen
  • Enter required personal information
  • Upload photos of your identification document
  • Take a selfie for identity verification
  • Review all information and submit the application

2. Mainnet Migration Process

There are 9 steps for migrating to Mainnet, all of which must be completed:

  • Access the checklist from the ‘Migrate to Mainnet’ button
  • Set up and confirm your wallet
  • Securely store your passphrase
  • Sign the token authentication
  • Complete other necessary steps

How to Check Progress

You can check the progress of the checklist within the app:

  • Green indication: Item completed
  • Purple indication: Item not completed

Important Notes

Special attention is required for the following points:

  • Completing KYC alone is not sufficient
  • If you do not complete all procedures by the deadline, your held coins may be forfeited
  • Always store your passphrase in a safe place

Frequently Asked Questions (FAQ)

Q1: How long does it take for KYC to be approved?

It varies depending on the validator’s status, but it may take from a few days to several weeks. Early application is recommended.

Q2: What can I do after migrating to Mainnet?

After the Open Network launches, the following will be possible:

  • Trading with other cryptocurrencies
  • Trading with fiat currency
  • Transactions within the Pi Network ecosystem

Troubleshooting

How to handle the following cases:

  • If the app crashes: Try reinstalling the app
  • If the KYC application results in an error: Try again after 24 hours
  • If the checklist is not displayed: Check for app updates

Future Outlook

Pi Network is steadily preparing for the launch of the Open Network. Important details such as pricing are expected to be announced at the time of the Open Network launch.

Summary

All Pioneers are encouraged to complete the necessary procedures as soon as possible. Addressing these tasks well before the deadline will enable a smooth Mainnet migration.

Detailed Explanation: The Difference Between Pi Network’s Open Mainnet and Open Network

Pi Networkの発展において、Open MainnetOpen Networkという2つの重要な概念について、詳しく解説していきます。これらの違いを理解することは、Pioneerとしての今後の活動に重要な意味を持ちます。

About the Mainnet Migration Checklist

Currently, many Pioneers are likely seeing the “Mainnet Checklist Complete” display on their dashboard. This is an important milestone indicating that preparation for migration to Mainnet is complete.

Importance of the Checklist

This checklist is not just a formality, but is for confirming the following important elements:

  • KYC verification completion status
  • Wallet setup and confirmation
  • Security settings completion
  • Secure storage confirmation of passphrase
  • Token authentication signature status

Open Mainnet

Open Mainnet refers to the state where Pi Network’s internal infrastructure is fully operational. At this stage:

  • Establishment of a secure transaction system
  • Pi transfer function between wallets
  • Full operation of the P2P trading platform
  • Implementation of basic smart contract functions

Open Network

Open Network refers to the stage where the Pi Network ecosystem is fully globalized. In this state:

  • Realization of interoperability with external blockchains
  • Release of application development by third-party developers
  • Integration with the global crypto asset ecosystem
  • Potential for collaboration with decentralized exchanges (DEX)

Points to Note in the Migration Process

For migration to Mainnet, the following important points require attention:

  • The migration process is not completed by KYC verification alone
  • Completion of all checklist items is required
  • Planned preparation considering the migration deadline is important
  • Careful confirmation of security settings is essential

Future Roadmap

The development of Pi Network is planned to proceed in the following order:

  1. Completion of Mainnet checklist
  2. Migration to Open Mainnet
  3. Stabilization period for basic functions
  4. Gradual migration to Open Network
  5. Full global expansion

Mindset as a Pioneer

During this migration period, it is important for Pioneers to pay attention to the following points:

  • Regular dashboard checks
  • Continuous checking of official announcements
  • Maintaining security awareness
  • Compliance with community guidelines

※This information is provided for educational purposes and is not investment advice. Before making any decisions regarding Pi Network, please conduct sufficient research on your own.

Pi Node 0.5.0 Automatic Update: Latest Information and Notes

1. Latest Trends in Pi Network

Pi Network is an innovative blockchain project that allows users to mine cryptocurrency using mobile devices, which started in 2019. Currently, Pi Network is progressing towards migrating to the open mainnet, and significant updates are being made as part of this preparation phase.

1.1 Importance of Pi Node

Pi Node plays an essential role in maintaining the Pi blockchain network and processing transactions. In particular, users operating a Pi Node are expected to play a significant role in the open mainnet.

2. Overview of Pi Node 0.5.0

On October 17, 2024, Pi Network transitioned to Testnet 2 and released a new version of Pi Node, 0.5.0. This version is an important update in preparation for the migration from the testnet to the mainnet.

2.1 Key Changes in Version 0.5.0

  • Transition to Testnet 2
  • Support for the latest blockchain technology
  • Faster transaction processing and improved stability
  • Improved connectivity between nodes
  • Improved error logging

2.2 What is Testnet 2?

Testnet 2 is an intermediate stage to further develop Pi Network’s blockchain technology and ensure a smooth transition to the mainnet. This new version aims to enhance security and improve node efficiency.

3. Installing and Setting up Pi Node 0.5.0

3.1 Installation Steps

  1. If you have been operating a node, it will be automatically updated. Please wait for the automatic update. If you were operating a version older than when the automatic update feature was added, please install the version distributed on the official website.

3.2 How to Connect to Testnet 2

  1. Open Pi Node and select Testnet 2 from “Select Environment”. Selecting this is mandatory as Testnet1 will eventually be discontinued.
  2. Click “Run Testnet 2” to connect to the network
  3. After successful connection, synchronization of the new blockchain will begin

4. Note: Status as a Beta Version

Pi Node 0.5.0 is currently positioned as a beta version. Therefore, caution is required for general users.

4.1 Risks of Beta Installation

  • Stability is not guaranteed
  • Unexpected errors or issues may occur
  • There is a risk of data loss

4.2 Recommended Actions

  • For technically knowledgeable users and developers
  • General users are recommended to continue using the stable version (currently 0.4.11)
  • Waiting for the official release is the best course of action

5. Benefits of Operating a Pi Node

By operating a Pi Node, users not only support the stability of the Pi blockchain but also have the potential to earn future rewards.

  • Special rewards during the mainnet migration
  • Long-term profits from the increase in Pi’s value
  • Contribution to blockchain technology

6. Summary

Pi Node 0.5.0 is an important step towards Pi Network’s mainnet migration. However, as it is currently a beta version, general users are advised to continue using the stable version and wait for the official release. Technically knowledgeable users and developers can try the beta version for testing purposes, but must do so with a full understanding of the risks. The administrator will wait and see and will not install it for now. I will report once I have installed it.

The progress of Pi Network, especially with the release of this latest version, makes the mainnet migration feel increasingly real. Attention is focused on future developments, and operating a Pi Node holds the potential for significant rewards in the future.

It is important to constantly check for the latest information and act according to official announcements. Don’t miss this great opportunity to contribute to the growth of Pi Network.

Pi Node 0.5.0 Automatic Update: Latest Information and Points to Note

1. Latest Trends in Pi Network

Pi Network is an innovative blockchain project that allows users to mine cryptocurrency using mobile devices, which started in 2019. Currently, Pi Network is progressing towards migrating to the open mainnet, and significant updates are being made as part of the preparation phase.

1.1 Importance of Pi Node

Pi Node plays an essential role in maintaining the Pi blockchain network and processing transactions. In particular, users operating Pi Nodes are expected to play a significant role on the open mainnet.

2. Overview of Pi Node 0.5.0

On October 17, 2024, Pi Network migrated to Testnet 2 and released a new version of Pi Node, 0.5.0. This version is a significant update in preparation for the migration from the testnet to the mainnet.

2.1 Key Changes in Version 0.5.0

  • Migration to Testnet 2
  • Support for the latest blockchain technology
  • Increased transaction processing speed and improved stability
  • Improved connectivity between nodes
  • Improved error logging

2.2 What is Testnet 2?

Testnet 2 is an intermediate stage to further develop Pi Network’s blockchain technology and smoothly transition to the mainnet. This new version aims to enhance security and improve node efficiency.

3. Installation and Setup of Pi Node 0.5.0

3.1 Installation Steps

  1. If you have been operating a node, it will be automatically updated.
    Please wait for the automatic update. If you were operating a version older than when the automatic update feature was added, please install the version distributed on the official website.

3.2 How to Connect to Testnet 2

  1. Open Pi Node and select Testnet 2 from “Select Environment”.
    Selecting Testnet 2 is mandatory as Testnet 1 will eventually be discontinued.
  2. Click “Run Testnet 2” to connect to the network
  3. After successful connection, synchronization of the new blockchain will begin

4. Note: Status as a Beta Version

Pi Node 0.5.0 is currently positioned as a beta version. Therefore, caution is required for general users.

4.1 Risks of Beta Version Installation

  • Stability is not guaranteed
  • Unexpected errors or issues may occur
  • Risk of data loss

4.2 Recommended Actions

  • For technically knowledgeable users and developers
  • General users are recommended to continue using the stable version (currently 0.4.11)
  • Waiting for the official release is the best course of action

5. Benefits of Operating a Pi Node

By operating a Pi Node, users not only support the stability of the Pi blockchain but also have the potential to earn future rewards.

  • Special rewards during mainnet migration
  • Long-term profits from the increase in Pi’s value
  • Contribution to blockchain technology

6. Summary

Pi Node 0.5.0 is an important step towards Pi Network’s mainnet migration. However, as it is currently a beta version, it is advisable for general users to continue using the stable version and wait for the official release. Technically knowledgeable users and developers can try the beta version for testing purposes, but they must do so with a full understanding of the risks. The administrator will wait and not install it for now. If I install it, I will report back.

Pi Network’s progress, especially with the release of this latest version, has made the mainnet migration feel increasingly real. Attention is focused on future developments, and operating a Pi Node holds the potential for significant rewards in the future.

It is important to constantly check for the latest information and act according to official announcements. Don’t miss this great opportunity to contribute to the growth of Pi Network.

Pi Network FAQ: KYC Process, Node Rewards, Security Measures, and More

Introduction

We have created a collection of frequently asked questions and answers often seen in the Japanese Pi community. We hope this will be helpful when you are unsure about your Pi mining operations, etc.

Questions about the KYC Process

Please refer to this for how to do KYC.
https://pinetwork.masters-all.com/pinetwork-kyc

Q1: My KYC application has not been approved for nearly a year and I am troubled. Can I reapply?
A1: Pi Network’s KYC review may take time due to the enormous number of users and multinational support. If you wish to reapply, please contact the official chat or support team. If necessary, you may be asked to reconfirm or resubmit your documents. Also, Pi Network is working on improving the KYC process, and it is expected to become more efficient in the future.

Q2: My bonus became zero after applying for KYC. What should I do?
A2: After applying for KYC, your node bonus may temporarily decrease until your account is verified. Please try the following measures:

  • Restart the Node app and Docker
  • Update the software to the latest version
  • Check the router’s port forwarding settings

If these steps do not resolve the issue, we recommend reporting the details in the official chat and receiving additional support.

Q3: If my KYC application is not approved for a long time, is there anything else I can do besides reapplying?
A3: If your KYC application is not approved for over a year, please consider the following measures:

  • Review application details: Reconfirm that the submitted documents are not incomplete and that there are no errors in the information.
  • Utilize community forums: If other users have experienced similar issues, solutions may have been shared.
  • Check social media: Check Pi Network’s official Twitter and blog for the latest updates regarding KYC.
  • Use of passport: Some users have reported that the review process was faster when using a passport for reapplication.

Pi Network is working on improving the KYC process, and it is expected to become more efficient in the future.

Q4: What is the Tentative KYC Program?
A4: The Tentative KYC Program is an additional identity verification step introduced by Pi Network in addition to the regular KYC process. The main objectives of this program are as follows:

  • Additional checks: Detailed confirmation of submitted information and further strengthening of identity verification.
  • Improvement of account quality: Strengthening the exclusion of fraudulent accounts and bots, making it easier for real users to pass KYC.
  • Ensuring network integrity: Improving the quality of active Pi owners and enhancing the overall ecosystem’s reliability.

The Tentative KYC Program is applied to accounts with more complex attributes and maintains network quality through careful review.

Questions about Node Bonuses

Please refer to this for how to operate a node on Pi Network (explaining initial settings, etc.).
https://pinetwork.masters-all.com/pinetwork

Q1: My node bonus suddenly decreased. What is the reason?
A1: The decrease in node bonus is thought to be mainly due to the following factors:

  • Stricter KYC verification: Decrease in active users due to the exclusion of fraudulent accounts and bots.
  • Strengthening network security: Prevention of external attacks and unauthorized access.
  • Increase in the number of users: Distribution of bonuses due to the joining of new users.

Fluctuations in bonuses are occurring due to the combination of these factors.

Q2: If the node bonus becomes zero, is there a way to get the bonus again?
A2: If the node bonus becomes zero, please try the following measures:

  • Restart the app and Docker: Restarting the software may resume the bonus.
  • Software update: Updating to the latest version may resolve issues.
  • Check security settings: Reconfirm port forwarding and firewall settings.

Q3: What are other possible reasons for a sudden decrease in node bonus?
A3: A sudden decrease in node bonus can be caused by the following factors:

  • Network attacks: If external attacks or unauthorized access increase, the bonus may temporarily decrease.
  • Software issues: Bugs in the Pi app or Docker may cause the node to not function correctly.
  • Sudden increase in users: Due to a sudden increase in new users, bonuses are distributed, and the bonus amount per person decreases.
  • Stricter KYC: Fluctuations in the number of active users are being affected by the decrease in fraudulent accounts.

Q4: If the node bonus decreases again, what should I do?
A4: If the node bonus decreases again, please try the following measures:

  • Update to the latest software version: Update the Pi app and Docker to the latest version.
  • Restart the node: Restart your computer or smartphone and restart the node app.
  • Check network settings: Reconfirm the router’s port forwarding settings and firewall settings.

Questions about Pi Network Mainnet Migration

Pi Network Announces Grace Period for KYC and Mainnet Migration! Must be completed by the end of 2024
https://pinetwork.masters-all.com/pi-network-kyc-mainnet-migration-grace-period/

Q1: When will Pi Network’s open mainnet launch?
A1: The launch date for Pi Network’s open mainnet has not been officially announced. It is scheduled to launch after the progress of the KYC process and network stability are confirmed. As a guideline, it is expected around June 28, 2023, or March 14, 2024, but the definitive date is undecided.

Q2: What is the Pibridge project?
A2: Pibridge is a DEX and CEX model project that connects Pi Network’s Pi coin to other blockchains (e.g., Binance Smart Chain) and provides liquidity. This allows users to exchange Pi coins for other cryptocurrencies and utilize DeFi features such as staking and farming. It is an important project aimed at increasing the value of Pi coin within the Pi Network.

Q3: What are the benefits after migrating to Pi Network’s open mainnet?
A3: After migrating to the open mainnet, the following benefits are expected:

  • Transaction transparency and security: Pi coin transactions will be conducted on the blockchain, making fraud and tampering difficult.
  • Extensive ecosystem: Connecting with other blockchains through Pibridge, enabling access to various services such as DeFi services and NFT marketplaces.
  • Improved user experience: The functions of Pi Browser and Pi app will be enhanced, enabling smoother transactions and mining.
  • Value stabilization: By limiting the supply of locked-up Pi coins, the value of Pi coin may stabilize.

Through this, Pi Network aims to build a sustainable ecosystem and become a valuable cryptocurrency for users.

Questions about Technical Issues

Q1: The Pi browser or Node app is stuck in an infinite loop. What should I do?
A1: If the Pi browser or Node app is stuck in an infinite loop, please try the following measures:

  • Reinstall the software: Delete the app or Docker container once and reinstall the latest version.
  • Restart the system: Restart your computer or smartphone to clear cache and temporary files.
  • Check settings: Check if Docker settings and port forwarding are configured correctly.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.
  • Update to the latest version: If the issue is caused by a bug in a specific version, updating to the latest version is effective.

Q2: If the Pi browser or Node app becomes slow, how should I deal with it?
A2: If the Pi browser or Node app becomes slow, please try the following measures:

  • Check system resources: Check if other applications are consuming a lot of resources and close unnecessary apps.
  • Clear cache: Clear the Pi browser’s cache and restart the app.
  • Hardware upgrade: Consider using higher-performance hardware for smoother mining.
  • Check network connection: Check if your internet connection is stable and restart the router if necessary.

Q3: If the Pi browser or Node app is stuck in an infinite loop, what should I do?
A3: If the Pi browser or Node app is stuck in an infinite loop, please try the following measures:

  • Reinstall the software: Delete the app or Docker container once and reinstall the latest version.
  • Restart the system: Restart your computer or smartphone to clear cache and temporary files.
  • Check settings: Check if Docker settings and port forwarding are configured correctly.
  • Check official sources: If the issue is not resolved, check the official chat.
  • Update to the latest version: If the issue is caused by a bug in a specific version, updating to the latest version is effective.

Q4: If the Pi browser is under maintenance and cannot be used, what should I do?
A4: If the Pi browser is under maintenance and cannot be used, please try the following measures:

  • Check official announcements: Check the maintenance progress on Pi Network’s official chat or Twitter.
  • Restart the app: Restart the Pi browser or Pi app to reset the system.
  • Use a VPN: In some cases, accessing using a VPN may resolve the issue. (Using public networks is not recommended in the first place)
  • Wait: You just have to wait until the maintenance is completed. Maintenance is usually completed within 24 hours.

Also, it is expected that issues related to KYC and node bonuses will be resolved after maintenance.

Q5: Is there a way to solve the Pi browser auto-reload issue?
A5: If Pi browser’s auto-reload is causing issues, please try the following measures:

  • Update to the latest version: Install the latest version of the Pi browser from the app store.
  • Clear cache: Clear the browser’s cache and restart.
  • Check security settings: Properly set permissions for camera and microphone access.

Some users have reported that the review process was faster when using a passport for reapplication.

Q6: If the Pi App’s storage capacity increases abnormally, what should I do?
A6: If the Pi App’s storage capacity increases abnormally, please try the following measures:

  • Clear cache: Clear the app’s cache and delete temporary files.
  • Optimize data: Delete unnecessary data and old data, and optimize storage.
  • Reinstall the app: Delete the Pi App once and reinstall the latest version. (Be careful not to forget your password and other settings.)

Possible reasons for the increase in Pi App data capacity include node data synchronization and accumulation of log files. Regular maintenance can optimize capacity.

Questions about Exchanges and Fake Pi Coins

Q1: Fake Pi coins are being traded on exchanges. How can I distinguish them from real ones?
A1: If fake Pi coins are being traded, you can distinguish them from real ones by the following points:

  • Check official list: Only trade on exchanges certified by Pi Network’s official website or reliable sources.
  • Be careful with IOU trading: Since Pi coin is not officially listed on exchanges at this time, caution is required for IOU-style trading.
  • Exchange reliability: Only use reliable exchanges such as Binance and Coinbase, and check official announcements.
  • Unnatural price fluctuations: Fake coins often fluctuate rapidly in price, so be suspicious if there is no stability.

The organizers of Pi Network warn against fake coins and fraudulent transactions and recommend trading only through official channels.

Q2: Regarding Pi coin trading on exchanges, what is the difference between IOU trading and actual Pi coin?
A2: There are the following differences between IOU trading and actual Pi coin:

  • IOU trading: This is like a certificate issued by the exchange for Pi coin, and it is different from actual Pi coin. IOUs are limited to trading within the exchange and operate outside the Pi Network blockchain.
  • Actual Pi coin: When Pi Network’s open mainnet launches, actual Pi coin will become tradable on the blockchain. This ensures that the ownership of Pi coin is actually recorded on the blockchain, securing security and transparency.

IOU trading is a temporary form of trading before Pi coin is officially listed on exchanges, and caution is required due to large price fluctuations between exchanges. It is recommended not to rely on IOU trading until official Pi coin becomes available on the blockchain.

Questions about Pi Network Security Settings

Q1: Port forwarding on the router is required when operating a Pi-Node. How should I set it up?
A1: To operate a Pi-Node, you need to open specific ports. Please refer to the following steps:

  1. Log in to the router: Access the router’s administration screen (usually by entering the router’s IP address in the browser’s address bar).
  2. Port forwarding settings: Specify the ports used by Pi Network (e.g., 31400-31409) and configure forwarding to the IP address of the device where the Node app is installed.
  3. Check UPnP: On some routers, enabling UPnP (Universal Plug and Play) may automatically open ports.
  4. Adjust firewall settings: Allow Pi-Node communication in the firewall settings of your computer or server.
  5. Check security logs: Regularly check the router’s security logs and monitor for unauthorized access attempts.

Specific setup methods vary depending on the router model, so please refer to the manufacturer’s official guide or support page.

Q2: To strengthen Pi-Node security, what other settings are required?
A2: To strengthen Pi-Node security, it is recommended to perform the following additional settings:

  • Strengthen firewall settings: In addition to allowing the ports used by Pi-Node (e.g., 31400-31409), close unnecessary ports to improve security.
  • Use a VPN: If using a public network, use a VPN to encrypt communication and ensure node security. (Using public networks is not recommended in the first place)
  • Regular security updates: Regularly update the software of your router and node application and apply the latest security patches.
  • Set strong passwords: Set strong passwords for your router and node management accounts and change them regularly.
  • Monitor for unauthorized access: Regularly check the router’s security logs and monitor for suspicious access.

These measures can significantly improve Pi-Node security.

Questions about Pi Network Community Activities

Q1: Even if I invite friends, they are not reflected in the referral team. What should I do?
A1: If friends are not reflected in the referral team even after inviting them, please check the following points:

  • Accurate invitation code entry: Check if your friend has entered the invitation code correctly.
  • Start mining after invitation: Check if your friend has started mining after being invited.
  • System synchronization: Wait for the system to reflect the data after some time.

Q2: I checked KYC using the Pi browser, but if it continues to display “Under Review”, what should I do?
A2: If “Under Review” continues to be displayed when checking KYC with the Pi browser, please try the following measures:

  • Check camera access permission: Check if the Pi browser has permission to access the camera required for KYC.
  • Restart the app: Restart the Pi browser or Pi app to reset the system.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.
  • App update: Update the Pi browser or Pi app to the latest version.

Some users have reported that the review process was faster when using a passport for reapplication.

Q3: If the Pi App’s storage capacity increases abnormally, what should I do?
A3: If the Pi App’s storage capacity increases abnormally, please try the following measures:

  • Clear cache: Clear the app’s cache and delete temporary files.
  • Optimize data: Delete unnecessary data and old data, and optimize storage.
  • Reinstall the app: Delete the Pi App once and reinstall the latest version.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.

Possible reasons for the increase in Pi App data capacity include node data synchronization and accumulation of log files. Regular maintenance can optimize capacity.

Q4: If friends are not reflected in the referral team even after inviting them, what other reasons could there be?
A4: If friends are not reflected in the referral team even after inviting them, the following reasons are possible:

  • Incorrect invitation code entry: Your friend may not have entered the invitation code correctly. Please check again.
  • Start of mining: If your friend has not started mining correctly, they may not be reflected in the referral team.
  • System synchronization delay: It may take time for the system to reflect the data. Please wait for a while.
  • Issues or bugs: Due to issues or bugs on the application side, they may not be reflected in the referral team.

If the issue is not resolved, we recommend contacting official support and reporting the details.

Supplementary Information

The Pi Network operations team is continuously working on improving user experience and strengthening security. For the latest information and updates, we recommend regularly checking the official website and official SNS channels. Also, by utilizing community forums and official support channels, prompt problem resolution and sharing of the latest information are possible.

Pi Network FAQ: KYC Procedures, Node Bonuses, Security Measures, and More

Introduction

We have created a collection of frequently asked questions and answers often seen in the Japanese Pi community. We hope this helps you when you are unsure about your Pi mining operations.

Questions about the KYC Process

Please refer to this for how to do KYC.
https://pinetwork.masters-all.com/pinetwork-kyc

Q1: My KYC application has not been approved for nearly a year, and I’m having trouble. Can I reapply?
A1: The Pi Network KYC review process may take time due to the large number of users and multinational support. If you wish to reapply, please contact the official chat or support team. You may be asked to reconfirm or resubmit your documents if necessary. Pi Network is also working to improve the KYC process, and efficiency is expected to increase in the future.

Q2: My bonus became zero after applying for KYC. What should I do?
A2: After applying for KYC, your node bonus may temporarily decrease until your account is verified. Please try the following measures:

  • Restart the Node app and Docker
  • Update the software to the latest version
  • Check the router’s port forwarding settings

If these steps do not resolve the issue, we recommend reporting the details in the official chat and seeking additional support.

Q3: If my KYC application is not approved for a long time, what else can I do besides reapplying?
A3: If your KYC application has not been approved for over a year, please consider the following measures:

  • Review your application: Reconfirm that the submitted documents are not incomplete and that there are no errors in the information.
  • Utilize community forums: If other users have experienced similar issues, solutions may be shared.
  • Check social media: Check Pi Network’s official Twitter and blog for the latest updates regarding KYC.
  • Use a passport: Some users have reported that using a passport when reapplying expedited the review process.

Pi Network is working to improve the KYC process, and efficiency is expected to increase in the future.

Q4: What is the Tentative KYC Program?
A4: The Tentative KYC Program is an additional identity verification step introduced by Pi Network in addition to the regular KYC process. The main purposes of this program are as follows:

  • Additional checks: Detailed confirmation of submitted information to further strengthen identity verification.
  • Account quality improvement: Strengthen the exclusion of fraudulent accounts and bots, making it easier for real users to pass KYC.
  • Network integrity assurance: Improve the quality of active Pi owners and enhance the overall ecosystem’s reliability.

The Tentative KYC Program is applied to accounts with more complex attributes and maintains network quality through careful review.

Questions about Node Bonuses

Please refer to this for how to operate a node on Pi Network (explaining initial setup, etc.).
https://pinetwork.masters-all.com/pinetwork

Q1: My node bonus suddenly decreased. What is the cause?
A1: The decrease in node bonuses is mainly thought to be due to the following factors:

  • Stricter KYC verification: Decrease in active users due to the exclusion of fraudulent accounts and bots.
  • Network security enhancement: Prevention of external attacks and unauthorized access.
  • Increase in user count: Distribution of bonuses due to the joining of new users.

These factors combined cause fluctuations in bonuses.

Q2: If my node bonus becomes zero, is there a way to get the bonus again?
A2: If your node bonus becomes zero, please try the following measures:

  • Restart the app and Docker: Resetting the software may resume the bonus.
  • Update the software: Updating to the latest version may resolve issues.
  • Check security settings: Reconfirm port forwarding and firewall settings.

Q3: What else can cause a sudden decrease in node bonuses?
A3: A sudden decrease in node bonuses can be caused by the following factors:

  • Network attacks: Increased external attacks or unauthorized access may temporarily decrease bonuses.
  • Software glitches: Bugs in the Pi app or Docker may cause the node to not function correctly.
  • Sudden increase in user count: A sudden surge in new users distributes the bonus, reducing the bonus amount per person.
  • Stricter KYC: Fluctuations in the number of active users due to the decrease in fraudulent accounts are having an impact.

Q4: If my node bonus decreases again, what should I do?
A4: If your node bonus decreases again, please try the following measures:

  • Update software to the latest version: Update the Pi app and Docker to the latest version.
  • Restart the node: Restart your computer or smartphone and restart the node app.
  • Check network settings: Reconfirm the router’s port forwarding settings and firewall settings.

Questions about Pi Network Mainnet Migration

Pi Network Announces Grace Period for KYC and Mainnet Migration! Must be completed by the end of 2024https://pinetwork.masters-all.com/pi-network-kyc-mainnet-migration-grace-period/

Q1: When will the Pi Network Open Mainnet launch?
A1: The launch date for the Pi Network Open Mainnet has not been officially announced. It is scheduled to launch after the progress of the KYC process and network stability are confirmed. As a guideline, it is expected around June 28, 2023, or March 14, 2024, but the definitive date is undecided.

Q2: What is the Pibridge project?
A2: Pibridge is a DEX and CEX model project that connects Pi Network’s Pi coin to other blockchains (e.g., Binance Smart Chain) and provides liquidity. This allows users to exchange Pi coins for other cryptocurrencies and utilize DeFi features such as staking and farming. It is an important project aimed at increasing the value of Pi coin within the Pi Network.

Q3: What are the benefits after migrating to the Pi Network Open Mainnet?
A3: After migrating to the Open Mainnet, the following benefits are expected:

  • Transaction transparency and security: Pi coin transactions will be conducted on the blockchain, making fraud and tampering difficult.
  • Extensive ecosystem: Connecting with other blockchains through Pibridge will enable access to various services such as DeFi services and NFT marketplaces.
  • Improved user experience: Features of Pi Browser and Pi app will be enhanced, allowing for smoother transactions and mining.
  • Value stabilization: Limiting the supply of locked-up Pi coins may stabilize the value of Pi coin.

Through this, Pi Network aims to build a sustainable ecosystem and become a valuable cryptocurrency for users.

Questions about Technical Issues

Q1: My Pi Browser or Node app is stuck in an infinite loop. What should I do?
A1: If your Pi Browser or Node app is stuck in an infinite loop, please try the following measures:

  • Reinstall the software: Delete the app or Docker container once and reinstall the latest version.
  • Restart the system: Restart your computer or smartphone to clear cache and temporary files.
  • Check settings: Confirm that Docker settings and port forwarding are done correctly.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.
  • Update to the latest version: If the issue is caused by a bug in a specific version, updating to the latest version is effective.

Q2: If my Pi Browser or Node app becomes slow, how should I deal with it?
A2: If your Pi Browser or Node app becomes slow, please try the following measures:

  • Check system resources: Check if other applications are consuming a lot of resources and close unnecessary apps.
  • Clear cache: Clear the Pi Browser cache and restart the app.
  • Hardware upgrade: Consider using higher-performance hardware for smoother mining.
  • Check network connection: Check if your internet connection is stable and restart the router if necessary.

Q3: If my Pi Browser or Node app is stuck in an infinite loop, what should I do?
A3: If your Pi Browser or Node app is stuck in an infinite loop, please try the following measures:

  • Reinstall the software: Delete the app or Docker container once and reinstall the latest version.
  • Restart the system: Restart your computer or smartphone to clear cache and temporary files.
  • Check settings: Confirm that Docker settings and port forwarding are done correctly.
  • Check official sources: If the issue is not resolved, check the official chat.
  • Update to the latest version: If the issue is caused by a bug in a specific version, updating to the latest version is effective.

Q4: If Pi Browser is under maintenance and cannot be used, what should I do?
A4: If Pi Browser is under maintenance and cannot be used, please try the following measures:

  • Check official announcements: Check the progress of maintenance on Pi Network’s official chat or Twitter.
  • Restart the app: Restart Pi Browser or Pi app to reset the system.
  • Use a VPN: In some cases, accessing using a VPN may resolve the issue.
  • Wait: You just have to wait until the maintenance is completed. Maintenance is usually completed within 24 hours.

Also, issues related to KYC and node bonuses are expected to be resolved after maintenance.

Q5: Is there a way to fix the Pi Browser auto-reload issue?
A5: If Pi Browser’s auto-reload is causing issues, please try the following measures:

  • Update to the latest version: Install the latest version of Pi Browser from the app store.
  • Clear cache: Clear the browser cache and restart.
  • Check security settings: Properly set access permissions for camera and microphone.

Some users have reported that using a passport when reapplying expedited the review process.

Q6: If the Pi App’s storage capacity increases abnormally, what should I do?
A6: If the Pi App’s storage capacity increases abnormally, please try the following measures:

  • Clear cache: Clear the app’s cache and delete temporary files.
  • Optimize data: Delete unnecessary or old data and optimize storage.
  • Reinstall the app: Delete the Pi App once and reinstall the latest version.
    (Be careful not to forget your password and other settings.)

The increase in Pi App data capacity may be due to node data synchronization and log file accumulation. Regular maintenance can optimize capacity.

Questions about Exchanges and Fake Pi Coins

Q1: Fake Pi coins are being traded on exchanges. How can I distinguish them from genuine ones?
A1: If fake Pi coins are being traded, you can distinguish them from genuine ones using the following points:

  • Check official list: Only trade on exchanges certified by the Pi Network official website or reliable sources.
  • Be cautious of IOU trading: Since Pi coin is not officially listed on exchanges at this time, caution is required for IOU-based trading.
  • Exchange reliability: Only use reliable exchanges such as Binance and Coinbase, and check official announcements.
  • Unnatural price fluctuations: Fake coins often experience rapid price fluctuations, so be suspicious if there is no stability.

The organizers of Pi Network have warned against fake coins and fraudulent transactions and recommend trading only through official channels.

Q2: Regarding Pi coin trading on exchanges, what is the difference between IOU trading and actual Pi coin?
A2: There are the following differences between IOU trading and actual Pi coin:

  • IOU trading: This is like a certificate issued by an exchange for Pi coin and is different from actual Pi coin. IOUs are limited to trading within the exchange and operate outside the Pi Network blockchain.
  • Actual Pi coin: When the Pi Network Open Mainnet launches, actual Pi coin will become tradable on the blockchain. This means that ownership of Pi coin will be actually recorded on the blockchain, ensuring security and transparency.

IOU trading is a temporary form of trading before Pi coin is officially listed on exchanges, and caution is required due to large price fluctuations between exchanges. It is recommended not to rely on IOU trading until the official Pi coin becomes available on the blockchain.

Questions about Pi Network Security Settings

Q1: Port forwarding on the router is required when operating a Pi-Node. How should I set it up?
A1: To operate a Pi-Node, you need to open specific ports. Please refer to the following steps:

  1. Log in to the router: Access the router’s administration screen (usually by entering the router’s IP address in the browser’s address bar).
  2. Set up port forwarding: Specify the ports used by Pi Network (e.g., 31400-31409) and set up forwarding to the IP address of the device where the Node app is installed.
  3. Check UPnP: On some routers, enabling UPnP (Universal Plug and Play) may automatically open ports.
  4. Adjust firewall settings: Allow Pi-Node communication in the firewall settings of your computer or server.
  5. Check security logs: Regularly check the router’s security logs and monitor for unauthorized access attempts.

Specific setup methods vary depending on the router model, so please refer to the manufacturer’s official guide or support page.

Q2: What other settings are needed to enhance Pi-Node security?
A2: To enhance Pi-Node security, the following additional settings are recommended:

  • Strengthen firewall settings: In addition to allowing the ports used by Pi-Node (e.g., 31400-31409), close unnecessary ports to improve security.
  • Use a VPN: If using a public network, use a VPN to encrypt communication and ensure node security. (Using public networks is not recommended in the first place)
  • Regular security updates: Regularly update the software for your router and node application and apply the latest security patches.
  • Set strong passwords: Set strong passwords for your router and node management account and change them regularly.
  • Monitor for unauthorized access: Regularly check the router’s security logs and monitor for suspicious access.

These measures can significantly improve Pi-Node security.

Questions about Pi Network Community Activities

Q1: My friends are not reflected in the referral team even after inviting them. What should I do?
A1: If your friends are not reflected in the referral team even after inviting them, please check the following points:

  • Accurate invitation code entry: Check if your friend has entered the invitation code correctly.
  • Start mining after invitation: Check if your friend has started mining after being invited.
  • System synchronization: Wait for the system to reflect the data after some time.

Q2: If I checked KYC using Pi Browser but it keeps showing “Under Review”, what should I do?
A2: If it keeps showing “Under Review” when you check KYC using Pi Browser, please try the following measures:

  • Check camera access permission: Check if Pi Browser has permission to access the camera, which is required for KYC.
  • Restart the app: Restart Pi Browser or Pi app to reset the system.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.
  • Update the app: Update Pi Browser or Pi app to the latest version.

Some users have reported that using a passport when reapplying expedited the review process.

Q3: If the Pi App’s storage capacity increases abnormally, what should I do?
A3: If the Pi App’s storage capacity increases abnormally, please try the following measures:

  • Clear cache: Clear the app’s cache and delete temporary files.
  • Optimize data: Delete unnecessary or old data and optimize storage.
  • Reinstall the app: Delete the Pi App once and reinstall the latest version.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.

The increase in Pi App data capacity may be due to node data synchronization and log file accumulation. Regular maintenance can optimize capacity.

Q4: If my friends are not reflected in the referral team even after inviting them, what other causes are possible?
A4: If your friends are not reflected in the referral team even after inviting them, the following causes are possible:

  • Incorrect invitation code entry: Your friend may not have entered the invitation code correctly. Please reconfirm.
  • Starting mining: If your friend has not started mining correctly, they may not be reflected in the referral team.
  • System synchronization delay: It may take time for the system to reflect the data. Please wait for a while.
  • Glitches or bugs: Glitches or bugs on the application side may prevent them from being reflected in the referral team.

If the issue is not resolved, we recommend contacting official support and reporting the details.

Supplementary Information

The Pi Network operating team is continuously working to improve user experience and strengthen security. We recommend regularly checking the official website and official social media channels for the latest information and updates. Additionally, utilizing community forums and official support channels can facilitate quick problem resolution and sharing of the latest information.

Pi Network Announces Grace Period for KYC and Mainnet Migration: Must Complete by End of 2024

Pi Network KYC and Mainnet Migration Grace Period Begins: A Strategic Step Towards Open Network

Pi Network has started a 6-month grace period for KYC (Know Your Customer) and Mainnet migration from July 1, 2024. This important measure is positioned as a preparatory stage to guide Pi Network towards an open network. This is the time-limited KYC that has been mentioned before. It seems the approval speed has increased recently, and I’m envious that KYC can be done without much waiting. I’m curious what will happen if children under 18 are mining. Big changes like this make it feel like the open network is getting closer.

Here is a summary of the official blog:

https://minepi.com/blog/kyc-grace-period/

If you have not completed KYC, please refer to this link for the application procedure:

https://pinetwork.masters-all.com/pinetwork-kyc%ef%bc%88%e6%9c%ac%e4%ba%ba%e7%a2%ba%e8%aa%8d%ef%bc%89%e3%81%ae%e6%96%b9%e6%b3%95%e3%81%ab%e3%81%a4%e3%81%84%e3%81%a6/

Key Points of the Grace Period

  • Period: 6 months from July 1, 2024
  • KYC Application Deadline: Within the first 3 months (until September 30, 2024)
  • Mainnet Migration Completion Deadline: Within 6 months (until December 31, 2024)

Failure to meet these deadlines may result in the loss of a significant portion of Pi mined in the past. However, considerations are made, such as temporarily pausing the countdown timer if the process is delayed due to system issues.

New App Interface

To enhance user convenience, Pi Network plans to sequentially introduce the following new features:

  • Display a countdown timer on the Mainnet Checklist
  • Install a new banner on the home screen
  • Implement pop-up notifications

These features will allow users to keep track of their deadlines and take necessary actions quickly.

Significance of the Grace Period

This grace period holds the following important significance:

  1. Accelerate the transition to the open network
  2. Promote the migration of user referral bonuses and security circle bonuses
  3. Prevent unverified Pi from migrating to the Mainnet
  4. Improve network stability and reliability

Impact on New Users

The introduction of the grace period does not affect new users’ network participation or free mining. However, new users must also follow the same rules and complete KYC and Mainnet migration within the grace period after joining.

Future Outlook

The introduction of this grace period is a crucial step towards Pi Network becoming an open network. By preparing the community and adhering to the principles outlined in the white paper, we aim for the healthy growth and development of Pi.

We encourage all Pioneers to take advantage of this opportunity to complete KYC and Mainnet migration promptly and prepare for the future of the Pi ecosystem.