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Pi Network: The Importance of Token Holding and Future Prospects

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Hello Pi Network community. This time, we will provide a detailed update on the latest progress of Pi Network and its future prospects. Of particular note are the transition of the ecosystem to “Mainnet” status and the wallet migration status.

Ecosystem Evolution: Transition to Mainnet

Significant changes are happening in the Pi Network ecosystem. Many applications that were previously in testnet status are finally showing signs of transitioning to “Mainnet” status. This change is an important indicator of Pi Network’s increasing maturity.

Specifically, it has been confirmed that approximately 12 ecosystem applications have transitioned to Mainnet status. However, this number is provisional and may increase further in the future.

Status of Major Applications

It is worth noting that some major applications are still in testnet status. For example:

  • Pi Explorer
  • Pi Browser
  • Pi Network

These applications provide core functionalities of Pi Network. It is likely that caution is being exercised in their transition to Mainnet.

Acceleration of Wallet Migration

Wallet migration to Mainnet is also steadily progressing. Currently, approximately 7.76 million wallets have been migrated to Mainnet. Particularly noteworthy is the increase in migration speed since the beginning of December.

  • December 17: Approximately 20,000 wallets migrated
  • December 16: Approximately 51,000 wallets migrated

If this momentum continues, approximately 1 million new wallets could be migrated by the end of December. This can be considered a significant step towards the practical implementation of Pi Network.

Importance of the KYC (Know Your Customer) Process

Closely related to wallet migration is the KYC (Know Your Customer) process. KYC is an important step to ensure the security and reliability of Pi Network.

KYC Status and Action

KYC status is categorized as follows:

  • Green: Approved
  • Orange: Temporary unapproved status (may require additional verification)
  • Red: Unapproved (requires additional action)

If your status becomes orange, it is important to wait patiently. If additional verification is required, you will receive a notification, so please follow the instructions.

The Future of Pi Network and Long-Term Strategy

Many people are interested in the future value of Pi Network. What is important here is to have a long-term perspective rather than focusing on short-term gains.

Importance of Long-Term Strategy

Pi Network aims for sustainable growth rather than immediate value realization. This approach is important for the following reasons:

  • Healthy development of the ecosystem
  • Expansion and stability of the user base
  • Technological maturity and improved reliability

Importance of Holding Tokens

Selling Pi tokens at this time carries the following risks:

  • The current trading price may be significantly below the potential value
  • Risk of fraud in P2P transactions
  • Loss of future growth opportunities

Instead of selling Pi for short-term gains, consider holding it long-term in line with the project’s growth.

Security and Vigilance Against Fraud

As Pi Network grows, security risks are also increasing. Particular caution is needed regarding phishing scams and malicious applications.

Tips for Safe Use

  • Avoid links and downloads from sources other than official applications
  • Do not share passwords or personal information with others
  • Do not respond to suspicious transactions or proposals
  • Regularly check security settings

It is important to respond cautiously to anything other than official notifications from the Pi Network team.

Summary: Towards the Future of Pi Network

Pi Network is steadily evolving. Many important developments are being seen, such as the ecosystem’s transition to Mainnet, the acceleration of wallet migration, and the importance of the KYC process.

As users, what we can do is focus on the following points:

  • Have a long-term perspective and support the project’s growth
  • Pay close attention to security and strive for safe use
  • As a member of the community, actively share information and support each other

The future of Pi Network depends on the actions of each one of us. Let’s grow together and aim for the realization of an innovative decentralized economy.

From Local Payments to Global Expansion – Pioneer of the Blockchain Revolution

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Pi Network, which is attracting attention in the world of cryptocurrencies, is entering a crucial stage of development. This article provides a detailed explanation of the latest development status and future outlook.

Progress in the Utilization of Crypto Pi in Local Commerce

Pi Network has taken a significant step towards the practical use of the cryptocurrency Pi. It is establishing its function as a payment method in actual commercial transactions, going beyond its traditional role as a virtual currency.

Specific developments include the following measures:

Strengthening of Technical Foundation and Updates

Technical progress towards mainnet deployment is also steadily advancing:

Major Technical Progress

The release of Node version 0.5.0 has enabled seamless switching between the testnet and mainnet. This has significantly improved system stability and reliability.

Pi Node 0.5.0 Automatic Update: Latest Information and Precautions

Integration with the Stellar Network

The introduction of Protocol version V22.0.0 has strengthened its functionality as a smart contract platform, enabling more flexible DApp development.

The Full Picture of Pi Network’s Mainnet Migration: Blockchain Innovation Entering a New Era

Future Outlook for the Pioneer Community

By 2030, the value of blockchain technology applications in the metaverse sector is predicted to reach 5 trillion dollars. Pi Network is expected to play a significant role in this growing market.

Expectations for Community Members

Pioneers, you are contributing to the development of the ecosystem through your daily mining activities. Further opportunities will be provided with the upcoming mainnet launch.

Future Developments and Possibilities

Pi Network continues to steadily evolve as an innovative application of blockchain technology. Starting with practical use in local commerce, its development as a global payment network is anticipated.

In the era of cryptocurrencies, Pi Network continues to provide innovative solutions and leads the practical application of blockchain technology.

Pi Network Mining: Is It Too Late to Return After Several Years? Complete Guide

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Pi Network users who had suspended mining for a long time are increasingly returning to mining. Is there still a chance for users who stopped mining several years ago? This article provides the latest trends in Pi Network and important information for returning users.

Analysis of the Current State of Mining Return

In the current Pi Network, even after a break of several years, it is possible to hold a considerable amount of Pi by resuming continuous mining, thanks to past mining accumulation. For example, it is said that accumulation of up to several thousand Pi is possible even with solo mining alone.

Importance of Account Protection

If you are using Facebook login, the following measures are essential:

  • Setting up two-factor authentication
  • Ensuring backup means by adding phone number registration
  • Regular security checks

In particular, it is recommended to complete phone number verification in the Pi app as a measure in case your Facebook account becomes unusable.

Steps to Resume Mining

When resuming mining, the following points require attention:

  • Confirmation of complete account recovery
  • Review of security settings
  • Maintaining continuous mining activity

The system is currently still in a continuous update phase, and there are many orders waiting to be transferred to wallets.

Current Mining Rate

The Pi Network mining rate is composed of the following three elements:

  • Base Mining Rate: Adjusted monthly by the Pi Network core team
  • Boost Rate: Increased by lock-ups and security circles
  • Reward Rate: Increased by using Pi Browser and running a node

It’s Not Too Late to Mine Pi Network: A New Opportunity in Cryptocurrency Mining

Importance and Deadline of KYC (Know Your Customer)

Pi Network has introduced the KYC process, which is essential for future use of Pi coins. The deadline for KYC application has been extended to December 31, 2024. If KYC is not completed by this deadline, there is a possibility that your Pi will be lost.

Overview of the KYC Process

The following information is required for KYC:

  • Full Name
  • Date of Birth
  • Address
  • Phone Number
  • Photo ID such as passport or driver’s license
  • Photo of face (selfie)

Mainnet Migration and Future Outlook

Pi Network is scheduled to launch the Open Mainnet at the end of 2024. The final deadline for Mainnet migration is December 31, 2024, and if Pi is not migrated to the Mainnet by this deadline, there is a risk that a portion of your balance will become invalid.

Developments After Mainnet Migration

With the full Mainnet migration in 2024, the aim is to achieve the following:

  • Achieving full decentralization
  • Realizing global transactions
  • Preparation for listing on major exchanges

Economic Value and Future Potential of Pi Network

Pi Network is not just a speculative cryptocurrency; it aims to build an economic ecosystem that facilitates the transaction of actual goods and services. It is characterized by its emphasis on sustainable value creation and its connection to the real economy.

Summary

Even after a break of several years, the possibility of asset formation on Pi Network still exists through appropriate measures and continuous mining activity. However, it is important to pay attention to crucial deadlines such as completing KYC and Mainnet migration. We recommend taking action now towards the future of Pi Network.

Pi Network Price Trends: IOU Surpasses $80, Potential for Value Increase with 2024 Mainnet Launch

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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.

Click here for application method
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:

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.

Pi Network Pi Fest 2024 Concludes | Looking Towards Mainnet Deployment

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It has been officially announced that Pi Network’s Pi Fest 2024 will end on November 5, 2024. This article provides detailed information on the event’s conclusion and the actions Pioneers should take immediately.

Important Announcement: Continuation of Daily Mining

First and foremost, as an important note to all Pioneers, please remember to click the lightning bolt icon daily (mining operation). This is a crucial activity that forms the basis of continuous network participation.

Detailed Information Regarding the End of Pi Fest 2024

According to the latest update from the development team, Pi Fest 2024 will end on November 5. This is the end time in US time, so time zone differences need to be considered.

Detailed Guide on How to Participate

1. How to Find Stores Where Pi Can Be Used

Using the Map feature within the Pi Browser, you can find nearby stores where transactions are possible by following these steps:

  • Search for nearby participating stores on Map of Pi (https://mapofpi.com/)
  • Check for transaction-enabled stores near your current location
  • Check store details and transaction terms

2. How to Conduct and Record Transactions

When conducting transactions, please note the following points:

  • Confirm transaction terms with the store before the transaction
  • Take photos during the transaction
  • Share your experience on Fire Forum (with photos)

Global Transaction Examples

Pi transactions are actively taking place around the world. Particularly in the Philippines, many examples of transactions at physical stores have been reported. These success stories are important indicators demonstrating the global utility of the Pi Network.

Tools for Safe Transactions

To ensure safe transactions, the following tools are provided:

  • Escrow-based P2P transaction system
  • Verification of certified transaction locations using the Map feature
  • Community-based rating system

Future Outlook: Towards the 2024 Mainnet Launch

The success of Pi Fest 2024 is an important step towards the full Mainnet deployment scheduled for the end of 2024. The development team is analyzing transaction data from this period and preparing for the Mainnet deployment.

Expectations for Pioneers

Community members are expected to engage in the following activities:

  • Continuation of daily mining
  • Active participation in local transactions
  • Contribution to the community by sharing transaction experiences
  • Support for the development of new use cases

Summary

The end of Pi Fest 2024 marks an important milestone in the development of the Pi Network. While time is limited, it is recommended to take advantage of this opportunity to participate in transactions and contribute to the project’s growth.

Pi Network: Pioneers of the Digital Currency Revolution – The Dawn of a New Era

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Moves Towards Practical Application of Crypto Assets

Moves towards the practical application of digital currencies are steadily progressing. As one example, the innovative payment card “Spend” was announced through a partnership between Mastercard and Mercuryo. This card enables direct payments from self-custodial wallets, marking a significant step towards the practical utilization of digital assets.

Features of the Spend Card

• Functions as a Euro-denominated debit card
• Compatible with Apple Pay and Google Pay
• Supports multiple blockchain networks
• Clear fee structure (Issuance fee 1.60 EUR, Monthly fee 1 EUR, Withdrawal fee 0.95%)
• Service currently limited to the European region

The Future Pi Network Aims For

Pi Network, which has been under development since 2019, aims to build a comprehensive digital economic system integrating decentralized finance (DeFi) and decentralized social networks. This project is working towards creating a more transparent and efficient economic foundation that transcends the limitations of traditional financial systems.

Key Features of Pi Network

• Building a large-scale blockchain network
• High security and transaction transparency
• Efficient transaction processing system
• Development of a comprehensive Web3 ecosystem
• Compatibility with global economic activities

Preparation for Mainnet Deployment

Pi Network is scheduled for mainnet deployment within 2024. This launch will proceed with careful consideration of the network’s completeness and social factors. Following the mainnet migration, utilization in actual economic activities is anticipated.

Key Development Areas

• Ensuring network stability and reliability
• Strengthening security features
• Improving usability
• Expanding the ecosystem
• Supporting community growth

Role and Outlook of Pioneers

Pi Network’s Pioneers will be crucial contributors to this innovative project. They are expected to participate in the construction of a new economic system and contribute to its development.

Opportunities for Pioneers

• Project participation from the early stages
• Early access to new technology
• Contribution to ecosystem development
• Participation in community formation and growth
• Participation in building the next-generation economic system

Conclusion

As a new era of digital currency is about to begin, Pi Network is aiming to build a more practical and sustainable economic system with an approach different from traditional crypto assets. As Pioneers participating, you have a special opportunity to be a vital part of this innovative project and build the future of the digital economy together.We hope that one day Pi Network will also be able to use this card payment.

With the evolution of technology, our economic activities and methods of value exchange are also poised for significant change. With the development of Pi Network, it is time to take a new step towards realizing a more equitable and efficient economic system. To witness this moment of historical transformation and be a part of it is a great privilege for us Pioneers, and at the same time, a responsibility.

The Future of Pi Network: The Role and Outlook of the Pi Foundation

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Pi Network, which has been attracting attention in the world of cryptocurrency, has entered the closed mainnet phase. Pioneers who have passed KYC (Know Your Customer) and migrated their coins are already able to conduct transactions and barters using their coins. This time, let’s take a closer look at the future role of the Pi Foundation, a crucial element of the Pi Network.

7 Key Roles of the Pi Foundation

The Pi Foundation was established to support and develop the Pi Network ecosystem. Here are the foundation’s key roles:

  1. Planning and Sponsoring Events: Organizing developer conferences, global online events, local community meetings, etc.
  2. Talent Management and Hiring: Managing volunteers and committee members, and hiring full-time staff dedicated to building the community and ecosystem.
  3. Collecting Feedback: Gathering comments and suggestions from the community after the launch of the open mainnet. This allows for continuous improvement and optimization of the Pi Network.
  4. Managing Community Voting: In the future, operating a voting system to reflect the community’s voice in important decisions, such as determining the price of Pi Coin.
  5. Brand Building and Reputation Protection: Establishing the Pi Network brand and protecting the network’s reputation. All pioneers are expected to cooperate in this effort.
  6. Collaboration with External Organizations: Negotiating and collaborating with governments, traditional banks, existing companies, etc. The Pi Foundation will act as a bridge connecting these organizations with the Pi Network.
  7. Community and Ecosystem Development: Fulfilling all responsibilities necessary for the progress of the Pi Network community and ecosystem.

Developer Support Programs

The Pi Foundation plans various developer support programs to build a practical Pi ecosystem. These include:

  • Funding
  • Incubation
  • Partnerships
  • Other forms of support

These programs aim to support community developers and enrich the Pi Network ecosystem.

Future Outlook

Currently, the Pi Network is in the closed mainnet phase, but the launch of the open mainnet is scheduled for the end of 2024. Further information is expected to be released by the Pi Core Team regarding this important transition.

The future of the Pi Network is bright, and the role of the Pi Foundation is essential to its success. Pioneers, let’s continue to participate actively and watch the development of this exciting cryptocurrency project.

Finally: If you are interested in the growth and development of the Pi Network, we recommend always checking official information and actively participating in the community. Let’s build the future of the Pi Network together!

Pi Network’s New Node Version and Its Impact

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Pi Network Latest Update: Node Version 0.5.0 and the Full Picture of Mainnet Preparation

Pi Network is attracting attention in the world of cryptocurrency. This time, we will explain the latest updates of Pi Network and the preparation status for the mainnet launch scheduled for 2024, in an easy-to-understand way for beginners.

What is Pi Network?

Pi Network is an innovative cryptocurrency project that anyone can easily participate in using a smartphone. Unlike traditional cryptocurrencies, Pi Network aims for a decentralized ecosystem leveraging the power of the community.

Latest Update: Node Version 0.5.0

The Pi Network development team recently announced Node Version 0.5.0, which is an important step towards the mainnet launch. This update includes:

  • Introduction of Testnet 2
  • More realistic mainnet simulation
  • Support for node operators’ preparation and adaptation

These features have been added.

Scale of Pi Network

One of Pi Network’s strengths is its widespread presence with over 200,000 nodes worldwide. These nodes:

  • Provide over 1 million CPUs
  • Enable large-scale distributed computing
  • Can be utilized for training open-source AI models, etc.

Such a powerful decentralized network is a major characteristic of Pi Network.

Impact on Cryptocurrency Traders

The development of Pi Network holds significant meaning for cryptocurrency traders as well:

  • Potential for Pi’s value increase with the mainnet launch
  • Future earning opportunities through node operation
  • Opportunity to participate in a growing decentralized network

Due to these factors, Pi Network is a focal point in the cryptocurrency market.

Impact on Node Operators

Node Version 0.5.0 also holds significant meaning for node operators:

  • Smooth transition between Testnet and Mainnet
  • Easy maintenance of the latest version through automatic update function
  • More practical preparation for the mainnet launch

These features allow node operators to contribute to the network more efficiently.

Future Outlook

Pi Network is steadily preparing for the mainnet launch in 2024. The powerful network with over 200,000 nodes is a significant step towards complete decentralization.

Cryptocurrency traders and investors can keep a close eye on this movement and explore new opportunities as Pi Network grows.

Conclusion

The release of Pi Network’s Node Version 0.5.0 is an important milestone towards the mainnet launch. Great expectations are placed on the future development of Pi Network, which aims for an innovative cryptocurrency ecosystem by leveraging the power of its decentralized network.

Pi Network Moves to the Next Stage: The Importance of Testnet 2 and Future Prospects

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Pi Network is showing significant progress. This article introduces the latest update, the introduction of Testnet 2, and the preparation status for the open network.

1. Current Status of Pi Network

1.1 Closed Mainnet Phase

Pi Network is currently in the closed mainnet phase. In this phase, users who meet specific conditions can now perform actual transactions and trades.

1.2 KYC Requirements and Coin Migration

To perform transactions, the following conditions must be met:

  • Passed the KYC (Know Your Customer) process
  • Owned Pi coins have been migrated to the mainnet wallet

2. Introduction of Testnet 2

2.1 Purpose of Testnet 2

Pi Network recently introduced Testnet 2. The main purposes of this new testnet are as follows:

  • Preparation of nodes for the open network launch
  • Achieving a smooth transition from testnet to mainnet
  • Introduction and testing of new features
  • Network strength verification

2.2 Distribution of Test Pi by GCOR

In Testnet 2, an entity called GCOR is distributing 100 Test Pi. This is used by third-party applications and business partners to test integration with the Pi Network.

3. Preparation for the Open Network

3.1 Selection of Partnerships

Pi Network is currently selecting partners for the open network launch, such as the following:

  • Cryptocurrency services
  • General businesses
  • Financial institutions
  • Other organizations

3.2 Node Preparation and Migration Process

Testnet 2 is designed to allow node operators to smoothly transition to the open network. This enables sufficient testing and preparation before migrating to the production environment.

4. Current Status of the Mainnet Matrix

4.1 Current Pi Migration Status

According to the Mainnet Matrix, the current status is as follows:

  • Pi migrated to Mainnet: Approx. 410 million
  • Locked Pi: Approx. 280 million
  • Total: Approx. 690 million Pi

4.2 Conditions for Open Network Launch

To launch the Pi Network open network, 1 billion Pi migrated to Mainnet is required. This includes both locked and unlocked Pi.

5. Future Outlook

Considering the current migration status, approximately 310 million more Pi need to be migrated before the open network launch. Pi Network aims to launch the open network by the end of 2024, and the introduction of Testnet 2 is a significant step towards that goal.

As attention focuses on the development of Pi Network, it is important for all users to continue completing the KYC process and migrating their coins. Further progress is expected towards the launch of the open network.