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Pi Network Task Force: Unveiling the ‘Sweet Traps’ Lurking in the Pi Network Community and Tips to Avoid Them

Pi Network, boasting tens of millions of users worldwide, holds immense promise for the future. Its accessibility—mining cryptocurrency with just a smartphone—has attracted a large community. However, this growth unfortunately shadows a reality of fraudulent solicitations that exploit information gaps and a lack of expertise, endangering users.

This article objectively examines Pi Network’s ambitious vision while delving into specific examples of ‘sweet traps’ within the community. We’ll provide concrete ways to identify and defend against these dangers, enabling you to understand Pi Network’s true potential and protect yourself.

Pi Network’s Current State and the Core Team’s Steadfast Approach

Pi Network attracts global attention. Unlike many cryptocurrency projects susceptible to market fluctuations, its Core Team maintains a unique and consistent path. We explore their robust roadmap and the grand vision behind it.

A Solid Roadmap and Strict KYC (Know Your Customer) Implementation

The Pi Core Team appears unwavering in its commitment to its roadmap, unaffected by short-term market volatility or community trends. Noteworthy is their strict KYC (Know Your Customer) process.

  • While many cryptocurrency projects prioritize rapid market entry, Pi Network imposes rigorous KYC requirements on its users. This builds a crucial foundation for increased network transparency and trust, facilitating future collaboration with financial institutions and major corporations.
  • These requirements are so stringent that some established exchanges reportedly fail to meet the Pi Core Team’s standards. This suggests the Core Team prioritizes creating ‘true value’ over short-term profits, emphasizing a long-term perspective.

Anticipation of Pi’s Future as a ‘Means of Payment’

Pi Network aims to be more than just a speculative cryptocurrency; it aspires to be a practical ‘means of payment’ for daily life, aiming for stability and reduced volatility compared to existing fiat currencies.

  • The future introduction of Pi Cards could enable 2.5 billion people worldwide lacking access to traditional banking systems to participate in the digital economy through Pi Network. This represents a vast potential market, potentially integrating with major e-commerce platforms like Amazon and Alibaba.
  • Furthermore, the envisioned Pi Browser aims to integrate the Web3.0 world within Pi’s ecosystem. This indicates that Pi Network seeks to be a comprehensive platform encompassing extensive digital services and financial infrastructure, beyond a simple cryptocurrency project.

Beware! The ‘Sweet Traps’ Lurking in the Pi Network Community

While many oversell Pi Network’s vision and potential, fraudulent solicitations aiming to lure users into risky transactions are prevalent. We’ll expose the tactics of these scams and highlight their unrealism, providing tips to identify the true intentions hidden behind deceptive language.

The Reality of ‘Pi Coin Trading Services’: The Flip Side of Unrealistic Principal Guarantees

A common solicitation within the community promises high returns by offering to trade Pi Coin on users’ behalf. For example, solicitations may use phrases like, “Invest $X, and we’ll give you Y Pi daily. Your principal is completely secure; I guarantee it.”

  • Unrealistic Returns: Consider a hypothetical offer: “Invest $500, and receive 1 Pi daily.” Assuming a typical market price of $0.07 per Pi, recovering the $500 principal would take approximately 714 days (around two years). This is extremely unrealistic considering cryptocurrency price volatility and the uncertainty surrounding mainnet launch and open network commencement, making it highly likely to be a scam.
  • Legal Risks of ‘Principal Guarantees’: In many jurisdictions, guaranteeing investment principal without the proper registration as a financial services provider is illegal. Such ‘principal guarantees’ are a major warning sign.

The Dangers of ‘Pi Coin Purchase’ Solicitations: The Risks of Direct, Non-Exchange Transactions

Some solicitations promote direct person-to-person Pi Coin purchases or ‘presales’ of specific tokens, citing reasons like high exchange fees or early-mover advantages.

  • Risk of Fraud: Direct transactions carry a high risk of fraud, such as non-delivery of Pi after payment or the sale of fictitious Pi. Moreover, resolving payment disputes or legal issues becomes significantly more challenging.
  • Learning from Past Examples: The ‘OneCoin’ scam, involving direct purchases via a specific organization and MLM (multi-level marketing), serves as a cautionary tale. Be wary of opaque token purchase schemes outside of regulated exchanges.

Checklist for Identifying Deceptive Scammers

Why do people fall prey to these unrealistic offers? Scammers exploit desires and knowledge gaps using sophisticated language. Stay vigilant and exercise sound judgment by noting these points:

  • “Guaranteed Principal,” “High Returns,” “Guaranteed Profits”: There are no absolute guarantees in investing. Promises of high returns without risk are almost always scams.
  • Unverified “Exclusive Information,” “Pre-Sales”: Scrutinize the reliability of sources for information not officially released or available through specific channels.
  • Pressure for Immediate Decisions: Be wary of tactics that rush you into a contract with phrases like “limited-time offer” or “first-come, first-served.”
  • Complex Schemes and Opaque Business Models: Avoid schemes with unclear, complicated details or ambiguous revenue models.

For the Healthy Development of Pi Network: What We Can Do

For Pi Network to become a truly valuable ecosystem, the efforts of the development team alone are insufficient; individual information literacy and ethical behavior are essential.

Emphasis on Personal Responsibility and Improved Information Literacy

Always remember that participating in and investing in cryptocurrencies is your own responsibility. Minimizing risk involves the following:

  • Verifying Official Sources: Always confirm Pi Network information through official sources such as the website, whitepaper, and official social media accounts. Treat information from unofficial communities or individuals with a critical eye and use it only as a reference.
  • Reporting and Sharing Suspicious Solicitations: If you encounter suspicious solicitations, do not respond; share the information with others and report it to the appropriate authorities to prevent further victimization.

Contributing to a Healthy Community

We can all contribute to the healthy growth of the Pi Network community:

  • It’s crucial to address misinformation and fraudulent activities with reasoned, constructive criticism, and to correct inaccuracies.
  • Cultivating a culture of multifaceted perspectives and calm discourse improves community-wide information literacy.

Conclusion: Looking to the Future of Pi Network and Making Wise Decisions

Pi Network, with its innovative vision and extensive user base, aims to unlock new potential for cryptocurrencies. However, this bright future is shadowed by scams exploiting knowledge gaps.

This article aims to provide you with an objective understanding of Pi Network’s current state and the ability to clearly identify the tactics of ‘sweet traps’ within the community. Avoid being misled by promises of ‘guaranteed principal’ or ‘high returns.’ Constantly verify information, hone your judgment, and contribute to Pi Network’s healthy development—this is your most important defense. Believe in Pi’s potential, but prioritize wise information gathering and actions for a safe Pi Network experience.

Always consult the official Pi Network website (minepi.com) and whitepaper for the most up-to-date information. If you encounter suspicious solicitations, do not respond and consider contacting your local consumer protection agency.

Pi Network’s Gaming Frontier: Evolving Ecosystem and Versatile Pi Coin Applications

In recent years, blockchain technology has driven innovation across various sectors, with “Web3 gaming” emerging as a particularly noteworthy trend. The possibilities of new gaming experiences are expanding, encompassing in-game items with digital asset value and “Play-to-Earn” models that generate revenue through gameplay.

Amidst this trend, Pi Network, boasting a massive global user community, is also actively developing its gaming ecosystem. But how exactly are gaming features evolving within Pi Network? And how is the Pi coin being utilized, both within games and other areas, to enhance its value?

This article delves into the current state of Pi Network’s gaming feature development, exploring its future prospects and providing a clear and expert explanation of how the Pi coin may be used in diverse ways, such as a payment method or for staking. By the end, you will have a precise understanding of the core concepts behind Pi Network and its future vision, further deepening your interest in this field.

Current State of Gaming Features in Pi Network

Pi Network is known for its ease of “mining” Pi coins through smartphones, but its ecosystem extends beyond simply distributing cryptocurrency. The Pi app, accessible through the Pi Browser, offers a wide range of functionalities, with gaming being a particularly active area of development.

Games Available on the Pi Browser

The “Pi app” section of the Pi Browser already features several verified games. A prime example is “Fruty Pi,” a simple fruit-cutting game widely recognized within the Pi community.

While these initial games are relatively simple, their purpose is to demonstrate how Pi coins function within a game ecosystem.

  • Role of Pi Coins in Games: Many games envision Pi coins acting as “in-game currency,” rewarding players for completing levels or progressing through the game. This establishes a tangible use case for Pi coins and is expected to enhance user engagement.
  • Verified vs. Unverified Games: Pi Network distinguishes between officially verified games, ensuring security and stability, and unverified games still under development. Verified games guarantee integration with the Pi ecosystem, allowing users to play with confidence.

The Significant Potential of the Gaming Sector

The gaming market boasts incredibly high user engagement, rivaling that of social media. Billions of people worldwide engage in gaming daily, and its economic scale continues to expand.

Pi Network’s focus on gaming is strategically sound given the immense market size.

  • Expanding the User Base: Engaging games not only retain existing Pi Network users but also serve as a powerful draw for new users.
  • Improving Pi Coin Utility: Utilizing Pi coins within games is crucial for establishing their position as a truly useful digital currency, rather than simply a speculative asset.

While current Pi Network games are in their early stages of development, the potential for offering large-scale, complex gaming experiences like “PUBG” on the Pi ecosystem is hinted at. This could lead to a dramatic increase in Pi coin demand and usage.

Pi Coin’s Diverse Applications Beyond Gaming

The value of the Pi coin is not limited to the gaming sector. Pi Network’s ultimate goal is to establish the Pi coin as a global payment method and build a broad digital economy.

Penetration into E-commerce and Retail

Pi coin is already starting to be used in small-scale transactions in some parts of the world.

  • Leading Examples in Asia: In regions with particularly active Pi Network communities, such as Vietnam, Taiwan, and China, there are reports of small businesses and individuals accepting Pi coins as payment for goods and services. While these are often informal, they demonstrate the potential for Pi coins to function as a medium of exchange.
  • Partnership Trends with Global Brands: While official announcements are limited, some community sources suggest that international companies, including a US real estate firm and a South Korean skincare brand, have shown interest in collaborating with Pi Network or are exploring Pi coin acceptance. Pi Network’s massive user base of over 60 million people is an attractive market for any major company, making future large-scale official partnerships a distinct possibility.

Application to Digital Contracts and Staking

Pi coins are also used for “staking” to enhance network stability and reliability. Staking involves locking (depositing) a specific cryptocurrency for a certain period to contribute to the blockchain network’s operation, receiving additional assets as a reward.

  • Significance of Staking in Pi Network: Staking Pi coins not only contributes to strengthening network security but also builds the “stability” and “trust” of Pi coins in the market. This helps Pi coins be perceived as a digital asset with long-term value, rather than just a speculative asset.
  • Example of Fruty Pi: For instance, to attract more users and promote Pi coin usage within its ecosystem, the community actively stakes Pi coins to support the development of games like Fruty Pi. According to sources, a significant amount of Pi coin is staked to boost Fruty Pi’s popularity. This demonstrates users’ confidence in Pi Network’s future and their proactive contribution to its growth.

The Future of Pi Network: Three Key Pillars

Pi Network’s development is likely to focus on three main pillars. The synergy between these elements will strengthen the Pi ecosystem and contribute to increasing the value of the Pi coin.

  1. Widespread Adoption as a Payment System: The adoption of Pi coin payments on e-commerce platforms and retail stores worldwide will establish Pi coin as a widely used digital currency in daily life.
  2. Diversification of the Gaming Platform: The launch of more complex and immersive blockchain games on Pi Network will explosively increase the demand for Pi coins within games, attracting new user segments.
  3. Staking to Support the “Reliability” of Digital Assets: Staking Pi coins will enhance the network’s decentralization and security, forming the foundation for the long-term stable value of Pi coins. This will establish Pi coins as a more reliable digital asset.

These trends indicate that Pi Network is not just a cryptocurrency project, but is aiming to build a truly practical ecosystem. As the usage of Pi coin expands, its market valuation has the potential to change significantly.

Summary and Next Steps

This article has explored the current state and future prospects of gaming features within Pi Network, and the potential for Pi coins to be used in diverse areas, including gaming, payments, and staking.

While Pi Network is still a developing project, its massive community and practical development approach hold the potential to play a significant role in the future of the digital economy.

The evolution of Pi Network and its ecosystem continues. Building upon the knowledge gained from this article, keep an eye on the latest Pi Network news and explore its potential further. Regularly checking the official Pi Network blog and community forums will allow you to learn about the latest progress and new use cases.

The Pi Network journey has just begun. Your intellectual curiosity and exploration may contribute to shaping the future of this innovative ecosystem.

Pi Network Whales: Unveiling the Mystery of the ODM Wallet and OKX’s Involvement

Pi Network, a cryptocurrency mined via smartphones, boasts over 60 million users globally. However, its future and the timeline for its open mainnet launch remain speculative.

Recently, the community buzzes with discussions surrounding “whales,” large-scale holders moving significant amounts of Pi, particularly involving a mysterious “ODM wallet” and the leading cryptocurrency exchange, OKX. What do these movements signify?

This article objectively analyzes these reported wallet activities and explores their potential impact on Pi Network’s future. We aim to provide accurate insights, preventing misinformation and preparing you for future developments.

Pi Network’s Whales: The Shocking ODM Wallet

Recent large-scale Pi movements, especially those involving the enigmatic ODM wallet, have caused significant ripples within the Pi Network community. Reports indicate this wallet holds a staggering 311 million Pi tokens, fueling much speculation.

Large-Scale Wallet Movements and Community Unease

In typical cryptocurrency markets, investors wielding significant coin holdings and influencing market trends are termed “whales.” Pi Network currently operates on a closed mainnet, prohibiting free trading on public exchanges. This context makes the reported large-scale wallet activity a source of both excitement and anxiety within the community.

The ODM Wallet: Its Holdings and Mysteries

The precise origins of the ODM wallet’s substantial Pi holdings remain unclear. Pi Network’s closed mainnet makes it difficult to verify detailed wallet activity via external blockchain explorers. However, some within the community suggest this activity reflects internal Pi Network movements or preparations for the open mainnet launch.

The ODM wallet’s existence, coupled with Pi Network’s massive user base, significantly influences potential future market liquidity and price formation.

OKX’s Involvement: A Testament to Pi Network’s Future?

Adding fuel to the fire is the involvement of OKX, a leading cryptocurrency exchange. Some reports suggest OKX transferred 3.5 million Pi to the ODM wallet, and further reports indicate that OKX announced Pi Network’s “listing” in February 2024. However, we must carefully consider the implications of this “listing.”

The Truth Behind OKX’s Pi Network “Listing”: Official Listing vs. IOU

As of March 2024, Pi Network remains on a closed mainnet; Pi is not officially listed on external exchanges. Therefore, OKX’s announced “listing” likely doesn’t represent actual Pi trading. Such announcements often indicate the exchange initiating IOU (I Owe You) trading based on anticipation of a future open mainnet listing. IOU trading involves users betting on Pi’s future value, akin to trading IOUs. The Pi Core Team doesn’t endorse such unofficial trading.

However, OKX’s attention to Pi Network – a top-tier exchange – suggests they value its potential. Given OKX’s strict regulatory compliance and security standards, their interest hints at Pi Network’s potential recognition as a legitimate blockchain network.

Interpreting Whale Movements: Strategic Preparations for Pi Network’s Open Mainnet

The seemingly mysterious large-scale Pi wallet movements can be viewed not just as speculative actions but as strategic preparations for the open mainnet launch – like a massive move.

Understanding Large-Scale Wallet Re-allocation: The “Move” Analogy

When moving to a larger house, do you suddenly rent a moving truck? No, you plan weeks in advance, pack, coordinate with movers, and prepare for life in the new house.

Pi Network’s situation is similar. The open mainnet transition is a “massive move,” transforming Pi Network from a community project into a global financial ecosystem. The activities of the ODM wallet and exchanges like OKX can be interpreted as “packing” and “establishing a foundation” in this “new location.”

Whales’ Insight into Pi Network’s Potential

Whales often possess deeper insights into market trends and project potential than the average investor. Their accumulation of Pi and exchanges’ related activities may signal an internally understood proximity to the global launch.

These strategic preparations aim to provide sufficient liquidity during the open mainnet transition, ensuring smooth trading.

Pi Network Whale Strategies: Positive Aspects and Potential Risks

Whale activity in Pi Network presents both positive and negative aspects. Let’s objectively assess these:

Positive Aspects:
* Increased Institutional Interest and Market Credibility: Large-scale asset movements and exchange interest suggest Pi Network is a potentially valuable digital asset attracting institutional attention. This boosts Pi Network’s long-term credibility.
* Preparation for a Professional Market Launch: Concentrated liquidity from large holders could facilitate a healthy market upon the open mainnet launch, potentially mitigating extreme price volatility and fostering a stable trading environment.
* Regulatory Compliance Progress: Exchanges like OKX must adhere to strict regulatory compliance and security standards to operate. Their involvement strongly indicates Pi Network’s behind-the-scenes efforts to meet AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.

Potential Risks:
* Market Manipulation from Wealth Concentration: The concentration of over 300 million Pi in a single wallet risks price dumping if the holder deliberately sells large amounts, harming other Pi holders.
* Increased Initial Price Volatility: The open mainnet launch’s initial stages will likely see high volatility due to large-scale trading, potentially causing sharp price increases or decreases.

Your Pi: Strategies and Risk Management for Pi Holders

Amidst these significant developments, how should individual Pi holders protect assets and maximize opportunities? Let’s learn from whale strategies and act wisely.

Three Steps to Learn from Whale Strategies:

Whales don’t just hold Pi; they act strategically. Their approach, albeit on a different scale, is applicable to us:

* Accumulation: Whales quietly accumulate large amounts of Pi before widespread value recognition – similar to your current Pi mining. Continuously accumulating Pi, anticipating future value, is crucial.
* Positioning: Whales secure their positions, for example, by setting up accounts on major exchanges, anticipating the open mainnet launch. We should monitor Pi Network’s official announcements and gather information about potential exchanges.
* Strategic Selling: Whales are unlikely to sell all their Pi at once, causing market disruption. They’ll likely sell strategically, maximizing profits while maintaining market stability. We should formulate a clear exit strategy (partially selling, long-term holding, selling at a specific price, etc.).

Pi Network’s Strengths and Future Outlook

Pi Network’s appeal to whales stems from its unique strengths:

* The Power of a 60+ Million User Base: Few cryptocurrency projects boast such a massive user base. This community strength drives Pi Network’s potential to become a global financial ecosystem.
* Ecosystem Development and Practicality: Pi Network focuses on building a practical ecosystem, including developing decentralized applications (DApps) and retail payment options, beyond just Pi’s value.
* Mobile-First Approach and Inclusive Finance Vision: Pi Network’s smartphone mining makes financial services accessible to the unbanked, aiming for an inclusive financial system.

Risk Management is Key:

Cryptocurrency investment is inherently risky. Remember:

* Invest with Spare Funds: Only invest what you can afford to lose.
* Diversify: Spread investments across multiple cryptocurrencies and assets to reduce risk.
* Self-Education and Information Gathering: Stay informed about market trends and Pi Network’s official announcements.

Pi Network Future Scenarios: Pathways to Success and Challenges

Based on the information and whale activities, several possible Pi Network scenarios emerge:

Scenario 1: Positive Growth
Whales provide market liquidity and stability, promoting healthy price formation. Pi Network achieves a successful global launch with strong institutional support, and Pi’s value increases steadily. Users benefit from network growth and success, leading to widespread adoption.

Scenario 2: High Volatility
The open mainnet launch’s initial stages see significant price fluctuations due to whale activity and speculation. Some users profit handsomely, while others suffer losses due to market manipulation and uncertainty. The network eventually stabilizes, but achieving its full potential requires time and effort.

Scenario 3: Facing Challenges
Wealth concentration leads to market dominance issues, undermining Pi Network’s inclusive finance vision. New regulatory challenges or technical/operational problems hinder growth.

While the outcome remains uncertain, Pi Network’s large community, regulatory compliance efforts, and focus on practicality suggest a positive scenario. Community vigilance regarding wallet movements, demanding transparency and accountability, is crucial.

Conclusion: Pi Network at a Crossroads – Prepare for the Future

The large-scale ODM wallet activity and OKX’s involvement are significant, indicating Pi Network’s transition from a community project to a global financial ecosystem. Whale strategies reveal both market expectation and concern. Understanding these strategies and developing your own Pi holding strategy is key to navigating the future market. Prepare for price volatility, but focus on Pi Network’s long-term vision and ecosystem development.

Pi Network’s true value lies in its technology and its global community of pioneers. By staying informed and making rational decisions, you can successfully navigate the open mainnet era.

Pi Network’s further development is closely watched globally. We strongly recommend keeping abreast of official announcements and Pi Core Team updates.

1 Based on user numbers announced by the Pi Core Team. Verification of the definition and accuracy of active users is difficult.

2 Information discussed in some communities and reports, but not confirmed by official Pi Network announcements or blockchain explorers.

3 Same as above.

4 OKX’s reported “listing” of Pi Network does not represent an official mainnet listing; rather, it’s speculated that some exchanges initiated unofficial trading (IOUs) based on expectations surrounding Pi’s future. Pi Network remains on a closed mainnet (as of March 2024), with no official trading on external exchanges.

Complete Guide to Pi Network’s Second Migration: Wallet Verification, KYC, and Secure Email

# Complete Guide to Pi Network’s Second Migration: Wallet Verification, KYC, and Secure Email

Pi Network has garnered global attention as a groundbreaking project enabling anyone to easily mine cryptocurrency on their smartphones. Its ecosystem is steadily evolving, reaching the crucial ‘migration’ stage where users transfer their earned Pi coins to their wallets.

You’re at the forefront of Pi Network’s evolution. Are you ready to safely guide your Pi coins to the next stage?

This article provides a comprehensive guide to the essential steps required by the latest Pi Network app update, particularly adding a secure email, completing the KYC ‘liveness test,’ and the wallet verification process. Understanding and correctly executing these steps will secure your Pi coins and build a strong foundation for participating in the future of the Pi ecosystem.

## Understanding Pi Network’s Second Migration

This section explains the concept of ‘migration’ in Pi Network and why the ‘second migration’ is currently a hot topic.

The Pi Network project has evolved through several phases. Currently, it’s in the ‘Enclosed Mainnet’ phase, focusing on verifying Pi coin utility and building the ecosystem. Pi coins are not yet listed on external exchanges but are starting to be used within the Pi app and Pi-based DApps (decentralized applications).

The ‘second migration’ refers to the process of transferring mined Pi coins from your mining balance in the Pi app to your personal mainnet wallet (Pi Wallet). This is a crucial step, transforming Pi coins from mere numbers into digital assets under your control. This migration is expected to unlock more opportunities to utilize Pi coins within the Pi ecosystem.

Wallet migration is also preparation for Pi Network’s ultimate goal: an ‘Open Mainnet,’ where Pi coins can be freely traded and used in a wider range of applications.

## Essential Steps for Securing Your Pi Coins and Migrating Your Wallet

This section details the specific actions required by the latest Pi Network app update and the steps to safely migrate your Pi coins to your wallet. Follow the in-app instructions and complete the following steps:

**Step 1: Add Your Secure Email**

You may see an ‘Add your secure email’ prompt on your Pi Network app dashboard. This is crucial for enhancing the security of your Pi account and wallet and ensuring future Pi coin migration.

* **Purpose:** Email verification enhances account security, improves account recovery, and increases the accuracy of identity verification. This is your first step in protecting your digital assets.
* **Action:** Clicking this prompt usually requires you to enter and verify your email address. Follow the instructions, enter your secure email address, and complete the verification process.

**Step 2: Complete the KYC ‘Liveness Test’**

Pi Network uses KYC (Know Your Customer) processes, including the ‘liveness test,’ to verify human users and prevent bots and fraudulent accounts.

* **Liveness Test:** This biometric test uses AI to verify you’re a real person via your camera. Record a short video following specific instructions (e.g., moving your face, blinking) to prevent fraud.
* **Importance:** Essential for maintaining the fairness and integrity of Pi Network, enhancing community trust, and building a more valuable ecosystem. Complete this test promptly if you haven’t already.

**Step 3: Verify Your Pi Wallet and Enable 2FA**

The Pi Network mainnet checklist includes ‘Pi Wallet Verification.’ You need to prove your Pi wallet is correctly set up and accessible.

* **Importance:** This establishes your Pi coin receiving location and ownership.
* **Two-Factor Authentication (2FA):** Adds an extra layer of security using a second verification method (email, etc.) in addition to your password, preventing unauthorized access.
* **Action:** Click ‘Start’ or a similar button to begin the wallet verification process. You’ll likely be prompted to enter your passphrase in the next step.

**Step 4: Manually Unlock Your Wallet with Your Passphrase**

You may be asked to manually unlock your wallet using your passphrase as part of the wallet verification process.

* **Passphrase Role and Importance:** Your Pi wallet passphrase is equivalent to a private key in other crypto wallets. It’s your sole access method and proves ownership of your Pi coins. Keep it secure and never share it.
* **Manual Unlock Meaning:** Manually unlocking with your passphrase shows the system you have full access to your Pi wallet and confirms your mainnet balance will be transferred there.
* **Action:** Accurately enter your Pi wallet passphrase and click ‘Confirm’.

**Step 5: Final Confirmation: Click the Email Verification Link**

After passphrase verification, a final confirmation link will be sent to your registered email address.

* **Email Confirmation:** A message like ‘Email confirmation sent’ will appear, and a confirmation email will be sent. Find the email from Pi Network in your inbox.
* **Final Meaning:** Clicking the link (like ‘Verify your migration wallet’) approves the wallet migration process and verifies that the associated email address is secure. You’ll see a ‘Secure email add successfully’ message upon completion.

Completing these steps doesn’t automatically migrate your Pi coins. However, it signifies the crucial preparation for safely and securely migrating them to your wallet within the Pi Network ecosystem.

## Why Are These Steps Important? The Future of the Pi Ecosystem and Security

These steps aren’t mere formalities. They’re vital for realizing Pi Network’s decentralized ecosystem and ensuring user asset security.

### Multi-Layered Security for Protecting User Pi Assets

Wallet verification, email authentication, and 2FA are multi-layered security measures protecting your Pi coins from unauthorized access and fraud. Pi Network implements these strict procedures to create a secure environment for managing digital assets.

### Contributing to Pi Network’s Fairness and a Healthy Ecosystem

KYC and liveness tests prevent fraudulent mining from bot and duplicate accounts, ensuring Pi Network is genuinely fair and human-centric. This enhances community trust and strengthens the foundation for long-term Pi coin value.

## Impact of Completing the Second Migration

These preparations allow users to manage Pi coins securely, utilize them in future DApps, and participate in the broader use enabled by the Open Mainnet transition. This process is a significant step towards Pi Network’s vision of a decentralized economy.

Pi Network strives for ease of use and fairness so everyone can benefit from crypto assets. Security and reliability are paramount.

## Conclusion: Building a Decentralized Future with Pi Network

The latest Pi Network app updates, including wallet verification, KYC, and secure email addition, are crucial steps for safely migrating your Pi coins. These aren’t just technical procedures; they’re important preparatory steps encouraging active participation in Pi Network’s decentralized and fair ecosystem.

By correctly completing these steps, you contribute to Pi Network’s evolution, secure your digital assets, and prepare to participate in the future of the Pi ecosystem.

Pi Network’s evolution continues. Stay informed via the official website and announcements, and continue building a decentralized future with your Pi coins.

We’ll continue providing information on further Pi Network usage and ecosystem updates on this blog. Bookmark it for your next learning step.

11 Common Pi Network KYC Problems & Solutions: From Pending Approval to Wallet Migration

# 11 Common Pi Network KYC Problems & Solutions: From Pending Approval to Wallet Migration

Are you a Pi Network user facing hurdles in the KYC (Know Your Customer) process? Experiencing prolonged pending approvals, Pi coin delivery issues to your wallet after approval, or a locked wallet? You’re not alone.

This article addresses 11 specific KYC problems many Pi Network users encounter, providing reliable, practical solutions for each. Consider this your roadmap to navigating KYC challenges and successfully joining the Pi Network ecosystem and migrating your Pi coins to the mainnet.

## Pi Network KYC: 11 Common Problems and Solutions

Pi Network’s KYC process is crucial for network security and fairness. However, it can be complex, leading to confusion and frustration. Here are 11 frequently reported issues and how to address them:

1. **KYC Application Stuck in ‘Pending Approval’ for Weeks or Months**

“My KYC application has been ‘pending’ for weeks or months.” This is a common concern. Some users report waiting for weeks, months, or even longer.

**Why the Delay?**
* **Community Validator Dependency:** Pi Network’s KYC relies on community validators. Validator availability and regional verification capacity are limited, causing application backlogs.
* **Backlogs:** New user influxes and system updates can create temporary backlogs.
* **Manual Verification:** Some cases require manual review, increasing processing time.

**Solutions:**
* **Avoid Resubmissions/Deletions:** Repeated submissions or deletions can worsen delays.
* **Regular App Updates & Checks:** Keep your Pi Network app updated and check your KYC status regularly.
* **Patience:** Many users report approval after prolonged waiting; it’s likely a processing backlog.
* **Check Official Announcements:** Monitor official channels (in-app notifications, social media) for updates.

This delay usually stems from system backlogs, not user error. Remain calm and patient.

2. **Mainnet Checklist Step 9 Remains Orange After KYC Approval**

Even after KYC approval, Mainnet Checklist Step 9 might remain orange. This can be misleading.

**Why is Step 9 Orange?**
* **Wallet Connection Issues:** Step 9 reflects not only KYC approval but also your Pi wallet’s connection to your Pi Network account. An issue here keeps it orange.
* **Synchronization Delays:** A delay may occur after KYC approval as the system synchronizes information.

**Solutions:**
* **Verify Account Login:** Ensure you’re logged into the correct Pi account if you have multiple accounts.
* **Verify Wallet Connection:** Open Pi Browser to confirm your wallet’s creation and connection to your account. Check if the wallet address matches Steps 3 and 9.
* **Try Re-login:** Logging out and back in may trigger synchronization.
* **Wait:** This usually resolves itself over time.

3. **Pi Coins Not Migrating to Mainnet After KYC Approval**

KYC approval doesn’t automatically migrate Pi coins. It’s a separate, complex process.

**Why the Delay?**
* **KYC and Coin Migration are Separate:** KYC proves your identity; coin migration is a different process.
* **Incomplete Mainnet Checklist:** Complete all Mainnet Checklist steps (wallet creation, passphrase storage, lockup settings).
* **Batch Processing System:** Mainnet migration happens in batches for efficiency.
* **Lockup Period:** Locked Pi coins won’t migrate until the lockup period ends.

**Solutions:**
* **Thoroughly Check the Mainnet Checklist:** Ensure all steps are green, especially Steps 3 (wallet creation) and 9 (wallet verification).
* **Verify Wallet Settings:** Ensure your wallet is correctly set up and your passphrase is securely stored.
* **Wait:** Migration takes time; it may take days or weeks.
* **Update App/Re-login:** Update your app and try re-logging in.

Your Pi coins won’t be lost. It’s likely a delay.

4. **KYC Rejection Due to Name Changes or ID Discrepancies**

Discrepancies between your ID and Pi account name (e.g., marriage name change, spelling differences) frequently cause rejections.

**Why are Discrepancies Problematic?**
* **Strict Automated Checks:** The KYC process uses automated ID scanning and facial recognition; even minor discrepancies trigger rejections.
* **Fraud Prevention:** Strict name matching prevents fraudulent accounts.

**Solutions:**
* **Prepare Official Documentation:** Provide official documents (marriage certificate, etc.) for name changes.
* **Submit Through the KYC Appeal Section:** Use the appeal section, attaching updated ID and proof of name change, with a concise explanation.
* **Update Account Name:** Update your Pi account profile to match your official ID before applying.
* **Avoid Creating New Accounts:** Don’t create a new account; this violates Pi Network policy.

Manual validator appeals have succeeded. Provide clear evidence and be patient.

5. **”Application Limit Reached” Message**

This message indicates temporary resource limitations or congestion.

**Why Can’t You Apply?**
* **Temporary Application Limits:** Pi Network limits concurrent applications for stability.
* **System Maintenance:** Maintenance may temporarily halt applications.

**Solutions:**
* **Try Again Later:** Check back periodically; application slots are regularly updated.
* **Check Official Announcements:** Look for announcements regarding application slots or system maintenance.

This is usually temporary.

6. **Locked or Inaccessible Wallet After KYC Approval**

This prevents Pi coin access and transfers.

**Why is the Wallet Locked?**
* **Synchronization Issues:** There may be delays or issues between the KYC and wallet systems.
* **Security Measures:** Suspicious activity may temporarily restrict wallet functionality.

**Solutions:**
* **Check Pi Browser:** Ensure Pi Browser is updated and launched correctly from the Pi app.
* **Reload Wallet:** Reload the wallet page in Pi Browser or restart the browser app.
* **Restart Your Device:** Restart your smartphone or PC.
* **Wait:** If issues persist, wait a few hours or a day.

7. **Repeated “Upload Errors” When Submitting Documents**

This prevents document uploads.

**Why Upload Errors?**
* **Unstable Network Connection:** Unstable Wi-Fi or mobile data leads to upload errors.
* **File Format/Size Issues:** Unsupported file formats or oversized images cause errors.
* **Server Load:** High server load may cause delays or errors.

**Solutions:**
* **Stable Network:** Use a stable Wi-Fi connection.
* **Check Image Files:** Use supported formats (JPEG, PNG) and appropriate sizes; resize if needed.
* **Restart App/Change Device:** Restart the Pi app or try a different device.
* **Change Time of Day:** Try applying during off-peak hours.

8. **Mismatched Wallet Addresses in Mainnet Checklist Steps 3 and 9**

This impacts Pi coin migration.

**Why the Mismatch?**
* **Incorrect Wallet Connection:** This happens with multiple wallets or when using a different wallet than the one linked to your account.
* **System Display Bug:** A rare possibility is a temporary display issue or synchronization delay.

**Solutions:**
* **Verify Wallet Address:** Carefully compare the wallet address in Pi Browser with the addresses in Steps 3 and 9.
* **Verify Correct Wallet Connection:** Ensure the correct wallet is linked to your Pi Network account.
* **Contact Official Support:** If problems persist, report the issue to Pi Network’s official support.

9. **Disabled Transfer Function After KYC Approval**

KYC approval doesn’t mean immediate transfer capability. Further conditions must be met.

**Why is the Transfer Function Unavailable?**
* **Ongoing Mainnet Migration:** The transfer function becomes active upon full mainnet migration.
* **Batch Processing Delays:** Your Pi coins may not yet be “available” due to batch processing.
* **Lockup Period:** You can’t transfer locked Pi coins.

**Solutions:**
* **Final Mainnet Checklist Check:** Verify all steps are completed (especially Steps 7 and 8 related to mainnet migration).
* **Verify Pi Coins in Wallet:** Check your Pi Browser wallet for available Pi coin balance.
* **Wait:** Many functions are available only after complete mainnet migration.

The source suggests the function isn’t actually disabled; it’s likely a misunderstanding or a temporary unavailability.

10. **Lost or Returned Pi Coins After KYC Completion**

This is a panic-inducing situation.

**Why the Apparent Loss?**
* **Temporary Display Issues:** Wallet synchronization issues or app bugs may cause incorrect balance displays.
* **Incorrect Wallet Address:** You might be referencing the wrong wallet or confusing multiple wallets.
* **System Processing:** In rare cases, coins may be temporarily held or returned to a specific wallet due to issues like fraud detection, but this is extremely rare.

**Solutions:**
* **Re-verify Wallet Address:** Check your Pi wallet’s address in Pi Browser and its transaction history.
* **Restart the Pi Network App:** A restart might resolve display issues.
* **Check Pi Network Official Announcements:** Check for information on large-scale system changes or known bugs.
* **Contact Official Support:** Contact Pi Network support if problems persist.

Your Pi coins are unlikely to be permanently lost after KYC completion. It is most often a temporary display issue or a temporary state during system processing.

11. **KYC Completed on the Wrong Pi Account**

Completing KYC on the wrong account leaves your intended wallet empty.

**Why is the Wallet Empty?**
* **Account/Wallet Mismatch:** The KYC-completed account doesn’t match the account holding your Pi coins.
* **Multiple Account KYC Attempts:** Pi Network policy generally allows one account per person. Attempting KYC on multiple accounts can cause issues.

**Solutions:**
* **Identify the KYC-Completed Account:** Pinpoint the account where KYC was completed.
* **Verify Wallet Link:** Check if the wallet linked to the KYC-completed account matches your Pi coin holding wallet.
* **Understanding the Truth:** An empty wallet likely means you’re using the wrong account’s wallet. Multiple account KYC attempts are problematic.

To avoid this, verify your account and wallet linkage and ensure you are using only your primary account before KYC.

## Conclusion: Patience and the Right Approach are Key to Pi Network KYC Success

Pi Network’s KYC process presents unique challenges due to its decentralized and community-driven nature. Many issues resolve through understanding the system and patience. By addressing the problems described here, you can ensure secure Pi Network use and smooth Pi coin migration to the mainnet. Act calmly, using accurate information; this is the surest path to full participation in the Pi Network ecosystem.

## Further Exploration of Pi Network: Using Reliable Information Sources

Information about Pi Network’s KYC and ecosystem is constantly updated. This article aims to help resolve your issues. For more details or the latest guidelines, consult Pi Network’s official website, official announcements, trustworthy community guidelines, and in-depth explanations from experts.

What is the ‘Public Key’ Displayed on Pi Network Nodes? Its Role and Latest Updates Explained

Recently, reports have been circulating among users operating Pi Network desktop nodes that a **”Public Key”** has started appearing within the application. What exactly does this mean? Many might be confused by this sudden display.

This article aims to objectively and clearly explain the technical significance of this “Public Key” appearing on Pi Network desktop nodes and how it contributes to the network’s evolution, making it easily understandable even for those without specialized knowledge.

This Public Key plays a crucial role in building the decentralized ecosystem that Pi Network strives for. We will delve into its full scope, from node identification to enhanced security and future feature expansions. Furthermore, we will thoroughly cover the latest Pi Network updates related to the Public Key’s introduction.

By the time you finish reading this article, you will not only grasp the concept of the Public Key but also accurately understand the core of how Pi Network continues to evolve, thereby deepening your comprehension of this project.

The Emergence and Background of the “Public Key” in Pi Network

The display of the “Public Key” that Pi Network desktop node users have recently begun to see is a significant sign of the network’s evolution. What exactly does it mean, and why is it appearing now?

Meaning of the “Public Key” Display on Desktop Nodes

The Public Key displayed in the Pi Network node application is not just a random string of alphanumeric characters. It is a vital technical element designed to strengthen the role and security of each node as Pi Network progressively moves towards Mainnet. You can think of this Public Key as a “digital ID” that confirms your node is properly connected to the Pi Network and is functioning as part of its ecosystem.

This display has been introduced as part of Pi Network’s planned updates and is an indispensable component for enhancing the integrity and reliability of the blockchain, which is the network’s foundational technology.

What is the Decentralized Ecosystem Pi Network Aims for?

Pi Network is a new type of cryptocurrency project that allows users to “mine” Pi coins (Pi) easily from their smartphones. Its ultimate goal is to build a truly decentralized ecosystem based on the spirit of Web3. In this ecosystem, users can manage their digital assets and conduct transactions or use applications without centralized intermediaries.

Nodes are the cornerstone of this decentralized ecosystem, playing a critical role in verifying blockchain transactions and maintaining the network’s security and stability. The introduction of the Public Key clarifies the role of these nodes and enhances security, bringing Pi Network one step closer to realizing its vision of a decentralized world.

The Role of the “Public Key” in Pi Network

The Public Key displayed on nodes is more than just an identifier; it plays an extremely critical role in Pi Network’s security and future feature expansion. What specific functions does it have?

Role as a Node’s “Digital ID”

  • Unique Identifier: A Public Key is a unique code that uniquely identifies each user’s node. This allows the network to safely and reliably recognize which node is performing what activities.
  • Verification of Network Contribution: Contributions made by a node to the Pi blockchain network (e.g., transaction verification, security cooperation) are verified and authenticated through this Public Key. This establishes a mechanism ensuring that only legitimate participants can contribute to the network.

Foundation for Robust Security and Reliability

The Public Key is a foundational element of cryptographic technology, dramatically enhancing overall network security.

  • Cryptographic Verification: The Public Key is used in digital signature and encryption processes to cryptographically guarantee the legitimacy of transactions conducted on the network. This prevents data tampering and unauthorized access, maintaining network integrity.
  • Participation in Consensus Processes: In blockchains like Pi Network, a **consensus process** is essential, where multiple participants (nodes) collaborate to verify transactions and reach a collective agreement. The Public Key enables each node to participate in this process securely and reliably, thereby enhancing the overall trustworthiness of the network.

    Imagine this: A blockchain is like a “digital ledger that everyone monitors and cannot be tampered with.” When new information is written to this ledger, each node uses its “Public Key” to “sign” that the information is correct, and everyone verifies it together, thus maintaining the ledger’s reliability.

A Crucial Stepping Stone for Future Feature Expansion

The introduction of this Public Key also serves as an important foundation for new features that Pi Network plans to implement in the future.

  • Integration with DApps (Decentralized Applications): The Public Key enables seamless integration with **DApps** (e.g., DeFi services, NFT marketplaces) operating on the Pi blockchain. This allows users to access a wider variety of services within the Pi ecosystem.
  • Streamlined Inter-node Communication: In the future, it is also expected that the Public Key will facilitate secure and efficient communication between nodes, contributing to improved overall network performance and scalability.

Latest Pi Network Updates: Key Developments Announced on Pi Day/Pi2Day

The introduction of the Public Key is part of the large-scale, periodic updates announced by Pi Network. Significant announcements that accelerate network evolution are often made during milestones such as Pi Day (March 14) and Pi2Day (June 28).

Network Optimization Through AI Technology Integration

Pi Network has announced plans to integrate AI (Artificial Intelligence) technology for network scaling and improvement. This is expected to bring the following benefits:

  • Streamlined KYC (Know Your Customer) Process: Leveraging AI will make the user identity verification process faster and more accurate, enabling more Pioneers to migrate to the Mainnet.
  • Enhanced Node Functionality and Improved Scalability: AI will also contribute to optimizing node performance and increasing the network’s overall processing capacity, building a robust infrastructure capable of supporting more users and transactions.

Improved User Experience

Improvements have also been made to the desktop application to make Pi Network more comfortable for users.

  • Window Resizing Functionality: The desktop application window size can now be adjusted, allowing for display tailored to the user’s environment and preferences. This is an example of Pi Network’s commitment to user-friendliness.

Current Status of Pi Coin and Market Impact

While the source information mentions that “Pi Coin’s price dropped by 16%,” Pi Coin is currently **not officially listed on any major cryptocurrency exchanges, and therefore has no official market price.**

However, discussions about Pi’s **”value”** and transactions in the form of **IOUs (I Owe You notes)** may occur within the Pi Network community and on some unofficial platforms. The “price fluctuation” in the source likely refers to temporary shifts in valuation in such unofficial markets.

Pi Network prioritizes user base expansion and ecosystem maturity, taking careful steps towards official Mainnet launch and market listing. Therefore, instead of being swayed by unofficial price fluctuations at this stage, it is crucial to focus on the project’s progress and long-term vision.

What Pi Network Node Operators and Users Should Know

What do these technological advancements mean for Pi Network participants? Are any special actions required regarding the Public Key display?

Generally, No Special User Action is Required

Even if the Public Key appears on your node, **no special action is required from the user at this time.** This Public Key is primarily used for network-level operations and security. Unless explicitly instructed by the Pi Network team, users are not expected to configure or change anything on their end.

This also demonstrates Pi Network’s commitment to abstracting technical complexities from users, aiming for easy participation for everyone.

The “Public Key” for Node Operators

If you are operating a Pi Network node, the display of the Public Key is proof that your node is properly recognized as part of the network and is contributing to the Pi blockchain’s **consensus mechanism**. This means you are contributing to the decentralization and security maintenance of Pi Network, fulfilling an important role as a Pioneer.

Further Information Sources and Future Outlook

It is always recommended to check for the latest and most accurate information about Pi Network through the official Pi Network blog and official announcements. Avoiding unreliable information and gaining knowledge from trustworthy sources is crucial for participating in this evolving ecosystem.

Moves such as the introduction of the Public Key, the utilization of AI technology, and improvements in user experience indicate that Pi Network is steadily progressing towards a decentralized future. Let’s continue to observe how Pi Network evolves in the future.

Conclusion

The **”Public Key”** that has begun appearing on Pi Network desktop nodes is not merely a new element; it is indispensable for building the security, reliability, and future scalability of the decentralized ecosystem that Pi Network aims to achieve. It enables unique identification of nodes, enhances cryptographic verification of transactions, and steadily prepares for future functionalities like DApp integration.

Alongside the Public Key’s introduction, Pi Network has announced a wide range of updates through milestones like Pi Day and Pi2Day, including AI technology integration and user experience enhancements. While Pi Coin does not yet have an official market price, these technological advancements demonstrate the project’s steady progress towards its long-term vision.

Regardless of whether you are a node operator or not, this Public Key is a significant milestone indicating Pi Network’s maturity. While special actions are typically not required, understanding this mechanism will help you deeply comprehend how the network you are participating in functions and evolves.

Pi Network’s future is shaped by the understanding and participation of each Pioneer. Take this opportunity to deeply understand the role of the Public Key and the latest developments in Pi Network, and take a step towards further learning and contribution. The evolution of Pi Network is accelerating right now.

Onram.money Joins Pi Network KYB: What This Means for Easier Pi Coin Purchases and Key Considerations

Pi Network has grown into a project with tens of millions of users worldwide, striving to realize its grand vision of “cryptocurrency for everyone.” Indispensable to this vision is the KYB (Know Your Business/Customer) process, which ensures user trustworthiness and network health. Pi Network is currently in its “Enclosed Mainnet” phase, and its evolution is constantly watched.

Amidst this, there has been a recent development in Pi Network’s KYB section. Information has circulated within the community that new crypto on-ramp/off-ramp services, “Onram.money” and “Onramper,” have been added.

What impact will this development have on the future of Pi Network? And what possibilities will it open up regarding the “purchase” of Pi Coin, which many Pioneers have been interested in? This article objectively delves into the significance of Onram.money’s addition to the Pi Network ecosystem and important precautions Pioneers should be aware of.

Introduction: Pi Network’s Current State and the Importance of KYB

The grand vision of Pi Network is to create “cryptocurrency for everyone.” To achieve this, the KYB (Know Your Business/Customer) process, which ensures user trustworthiness and network health, is indispensable. This article focuses on a recent addition to the KYB section, Onram.money, and thoroughly explores its potential impact on the Pi Network ecosystem.

  • Pi Network’s Vision: It aims to build a fairer and more accessible cryptocurrency ecosystem, replacing centralized financial systems. Its ease of mining via smartphones has attracted many new users.
  • The Role of KYB (Know Your Business/Customer): This refers to identity verification for businesses and customers, essentially the same process traditional financial institutions use to prevent fraud and money laundering. In Pi Network, KYB plays a central role in ensuring ecosystem trustworthiness and security by verifying that real humans participate in the network and eliminating bots or fraudulent accounts. This maintains a healthy transaction environment and provides a foundation for a smooth transition to the future open mainnet.
  • Expectations for Mainnet Transition and Liquidity: Pi Network is currently in the “Enclosed Mainnet” phase, where the value of Pi is said to arise only from exchange for goods and services within the Pi ecosystem. During this phase, utility building within the ecosystem and community expansion are progressing. The addition of Onram.money/Onramper is noted as part of infrastructure development aimed at improving liquidity and preparing for a future open mainnet.

New Development in Pi Network’s KYB Section: The Emergence of Onram.money and Onramper

Pi Network’s KYB (Know Your Business/Customer) plays a central role in enhancing community safety and trustworthiness. Recently, two new services, Onram.money and Onramper, have been confirmed as added to this crucial section. Let’s explore what these services are and why they have been integrated into Pi Network now.

Previously, Pi Network’s KYB section displayed existing crypto asset services like Banxa and Simplex as partners, serving as gateways for users to access Pi with fiat currency. However, with this update, Onram.money and Onramper have been added as options.

These services are generally platforms that provide “on-ramp” functionality. An on-ramp refers to a service that acts as an “on-ramp to a highway,” allowing users to purchase crypto assets using fiat currency (e.g., Japanese Yen or US Dollars). Conversely, a service that exchanges crypto assets for fiat currency is called an “off-ramp.”

The intention behind Onram.money and Onramper appearing in Pi Network’s KYB section is believed to be part of infrastructure development, enabling Pi Network Pioneers (users) to access Pi Coin more easily and use it within the ecosystem in the future.

What is Onram.money? Its Functions and Impact on Pi Network Users

Onram.money, newly added to Pi Network’s KYB section, is a platform that provides crucial “on-ramp” functionality, connecting the world of crypto assets with the world of fiat currency. This section will delve into Onram.money’s specific functions, particularly its relevance to Pi Coin, and how it may impact Pi Network users.

Onram.money Overview and Key Functions

Onram.money is a platform that primarily offers “Buy and Sell and Swap Crypto” functionalities. It supports the trading of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). A key feature is its ability to allow users to utilize various familiar payment methods.

Important Considerations Regarding Pi Coin “Purchase” Possibilities

Source information suggests the possibility of selecting “P” (presumably referring to Pi) on the Onram.money website and purchasing Pi Coin through local E-wallets (Shopee Pay, GoPay, Dana, etc.), QRIS, or bank transfers. This appears to be a groundbreaking solution, especially for Indonesian Pioneers, allowing access to Pi Coin without needing stablecoins like USDT.

However, here is the most critical point to note:

Pi Network is currently in the “Enclosed Mainnet” phase, and it is officially restricted from being listed on external exchanges or directly exchanged with fiat currency. The official value exchange of Pi is currently only possible through the exchange of goods and services within the Pi ecosystem.

Whether the “Pi” offered on Onram.money refers to Pi Network’s Mainnet Pi, Testnet Pi, or unofficial transactions anticipating the future Open Mainnet (e.g., something like an IOU or a service brokering P2P transactions) is uncertain information unless there is a clear statement from Pi Network official sources.

If Pi Network’s Mainnet Pi could be purchased with fiat currency on Onram.money, it could potentially contradict Pi Network’s current Mainnet policy, and the legality and safety of such transactions might not be guaranteed. Users are strongly advised to thoroughly review official Pi Network announcements and the terms and conditions of the platforms they use, acting at their own discretion and responsibility.

Supported Payment Methods and Fees

Onram.money supports a variety of payment methods. According to source information, the following methods are indicated, especially in Indonesia:

  • E-wallet: Dana, GoPay, Shopee Pay, etc.
  • QRIS: Indonesia’s unified QR code payment system, supporting multiple payment apps.
  • Bank Transfer

Fees for purchasing Pi Coin are also mentioned (e.g., for a 10,000 Rupiah purchase):

  • Gas fee: 300 Rupiah
  • Blockchain fee: 174 Rupiah (equivalent to 0.02 Pi)
  • Payment Gateway fee: 5,000 Rupiah

It’s important to note that these fees are Onram.money’s service fees and are not directly charged by Pi Network itself.

Global Expansion and Partnerships

Onram.money is stated to be available in over 60 countries and supports more than 400 tokens. It also emphasizes partnerships with major cryptocurrency exchanges, wallets, and projects, including:

  • Binance
  • MetaMask
  • Bybit
  • Coinbase
  • Circle
  • And others like BingX, Bookoin

These partnerships suggest that Onram.money is a platform with a certain level of trust and track record in the crypto industry.

Implications for the Pi Network Ecosystem and Future Outlook

Onram.money’s integration suggests Pi Network’s intention to improve user accessibility as it moves towards the Open Mainnet. We will consider what implications this development has for the entire Pi Network ecosystem and how it connects to future prospects.

Possibilities for Pi Network

  • Improved Accessibility: If Onram.money were to handle Pi Network’s Mainnet Pi safely and legally, many Pioneers might be able to easily purchase Pi Coin with fiat currency. Especially by supporting region-specific payment methods, Pi Network could potentially expand to layers that were previously difficult to access.
  • Promoting Ecosystem Participation: Easier Pi Coin purchases could vitalize participation in DApps (decentralized applications) within the Pi app and services within the Pi ecosystem, potentially increasing Pi Coin’s utility.
  • Infrastructure Development for Future Open Mainnet: A fiat gateway is essential when Pi Network transitions to an Open Mainnet. The integration of services like Onram.money can be seen as a preparatory stage for this.

Challenges to Overcome and Precautions

While expectations are high, there are also challenges to overcome and precautions to consider.

  • Securing Official Pi Coin Liquidity: As mentioned, Pi Network is still in the Enclosed Mainnet phase, and official exchange listings or direct fiat currency exchanges for Pi Coin are restricted. If “Pi Coin purchase” on Onram.money indeed refers to Mainnet Pi, it must align with Pi Network’s official movements. A clear announcement from the Pi Core Team is awaited on this matter.
  • Regulatory Compliance: Regulatory frameworks for crypto assets are evolving worldwide. If a service like Onram.money partners with Pi Network to enable fiat currency exchange, compliance with each country’s regulations is crucial.
  • User Understanding and Literacy Improvement: When new technologies and services are introduced, it is essential for users to correctly understand their mechanisms and risks. Especially in crypto asset transactions, it is necessary to always verify official information sources and make calm judgments to avoid being misled by scams or misinformation.

Integrating external services like Onram.money has the potential to accelerate Pi Network’s development towards realizing its vision. However, this process should proceed cautiously and transparently.

Summary: Pi Network’s Evolution and What You Need to Know

The addition of Onram.money to Pi Network’s KYB section holds the potential to signify a major step towards improved Pi Coin accessibility. Onram.money’s fiat on-ramp functionality and diverse payment methods have the potential to lower the barrier to entry for crypto assets, especially for users in emerging countries.

However, it is crucial to correctly understand the true significance of this development and maintain a calm perspective without excessive expectations. Specifically, it must not be forgotten that Pi Network is currently in the “Enclosed Mainnet” phase, and it is officially restricted from being listed on external exchanges or directly exchanged with fiat currency. Regarding how the suggested “Pi Coin purchase” on Onram.money aligns with the current rules of Pi Network, continued attention to official announcements from the Pi Core Team is necessary.

Pi Network continues to steadily build its ecosystem to realize its vision. Partnerships like Onram.money hold the potential to be a crucial part of this process, but understanding based on accurate information and cautious judgment at your own responsibility are always required.

While anticipating Pi Network’s further development, always check official information and strive for safe and knowledge-based actions.

Next Steps: Deep Dive into Pi Network Information

Staying updated on Pi Network’s latest developments and official announcements is essential for understanding its progress. Let’s delve deeper into knowledge and observe Pi Network’s evolution using the following methods:

  • Regularly check the Pi Network official website and in-app announcements: These are the most reliable sources of information. Important updates will be announced here.
  • Acquire basic knowledge of cryptocurrency and blockchain: To deeply understand Pi Network, fundamental knowledge such as crypto on-ramp/off-ramp, P2P transactions, and blockchain mechanisms will be helpful. Utilize reliable learning resources.
  • Caution: Always be vigilant against Pi Network-related scams and misinformation, and be careful not to easily share personal information or wallet passphrases.

We hope this information helps you understand the current state and future of Pi Network. The Pi Network journey has just begun. Let’s observe its evolution with a calm and informed perspective.

A New Chapter for Pi Network: In-Depth Explanation of Ecosystem Directory Staking

As the digital economy evolves into Web3, the principle of “community-driven” development is gaining increasing importance within application ecosystems. While existing Web2 platforms rely on centralized algorithms and advertising revenue, Pi Network aims to build a user-driven, decentralized ecosystem.

Against this backdrop, Pi Network has introduced a groundbreaking new feature: “Ecosystem Directory Staking.” This goes beyond a simple app ranking mechanism; it’s a novel endeavor allowing Pioneers (Pi Network users) to directly contribute to the growth of the Pi ecosystem and promote the discovery of high-quality applications.

This article delves deeply into the core of Pi Network’s Ecosystem Directory Staking. We will explain its purpose, specific mechanics, benefits and considerations for participation, and the future Pi Network aims for through this feature, ensuring a deep and accurate understanding even without specialized prior knowledge. Let’s explore together how your Pi can influence the future of the ecosystem.

### What is “Ecosystem Directory Staking”? Its Purpose and Basic Concepts

In this section, we will delve into the fundamental idea behind Pi Network’s “Ecosystem Directory Staking” and the goals it aims to achieve.

“Ecosystem Directory Staking” is a mechanism where Pi Network Pioneers (users) lock (deposit) their Pi (the native cryptocurrency of Pi Network) to support specific applications (Pi Apps) or utilities within the Pi ecosystem.

The primary objective of this feature is to identify high-quality Pi Apps within the ecosystem and increase their visibility. When users stake Pi on a specific app, that app’s ranking within the ecosystem interface improves. This design ensures that applications truly providing value to the community gain more exposure to users.

Pi Network emphasizes that this process is decentralized and fair. Unlike the algorithmic biases or ranking manipulation through advertising costs often seen on Web2 platforms, the goal is for app visibility to be determined solely by genuine user support.

“*This staking feature provides a decentralized and transparent app evaluation mechanism, free from algorithmic biases and advertising seen in Web2.*”

### How Staking Works: How Your Pi is Used and What You Get

Here, we will explain in detail how “Ecosystem Directory Staking” specifically functions, how your Pi is utilized, and what you can “get” from it.

#### Staking Process and Impact on App Ranking

Ecosystem Directory Staking is accessible within the “Pi Browser,” the dedicated browser for Pi Network. Pioneers access the Ecosystem section of Pi Browser, select the Pi App they wish to support, and then specify the amount of Pi to stake and for how long.

Staked Pi directly contributes to the chosen app’s ranking within the ecosystem. This means that the more Pi staked on a particular app for a longer duration, the higher that app is likely to appear in the directory.

#### Crucial Point: No Direct Rewards from Pi Network

In typical cryptocurrency “staking,” additional cryptocurrency is often paid as a reward for deposited assets. However, Pi Network’s Ecosystem Directory Staking does not offer direct rewards from the Pi Network itself.

This is a significant distinction, indicating that Pi Network prioritizes community contribution and overall ecosystem growth through this feature, rather than speculative motives.

#### Potential for Incentives from Third-Party Developers

So, why would Pioneers stake Pi without rewards? The key lies in the incentives offered by third-party developers who build Pi Apps. According to Pi Network’s official statement, app developers can set their own unique incentives for users who participate in staking, in one of the following forms:

– **Exclusive features**: Special features available only to users who have staked Pi.
– **Better user experience**: Perks that improve the quality of experience, such as ad removal or faster processing.
– **In-app rewards**: Virtual currency, items, or points usable within that app.
– **Promotions**: Access to exclusive sales or discounts.
– **Or nothing at all**: Since incentives are left to the discretion of the app developers, there may be cases where no rewards are offered.

Thus, the presence and nature of incentives vary significantly depending on the app you choose to stake with. Therefore, it is crucial to thoroughly check what incentives (if any) the app you wish to support offers before staking.

#### Safety of Staked Pi: Return After Lock-up Period

Once the set period concludes, staked Pi is automatically returned to the original Pioneer’s account. Pi is not permanently lost; it is only temporarily locked. However, it is important to note that once staking begins, it cannot be canceled during the specified period.

### Benefits and Considerations for Participation: For a Wise Decision

When considering participation in this new feature, we will objectively explore the expected benefits and points to be aware of.

#### Contribution to the Ecosystem and Expectations for Pi’s Value Appreciation

The greatest benefit of participating in Ecosystem Directory Staking is the ability to directly contribute to the realization of the decentralized Web3 ecosystem that Pi Network aims for.

– **Promoting the growth of high-quality apps**: Your Pi helps spread truly valuable Pi Apps throughout the community, which is expected to vitalize the entire Pi ecosystem.
– **Expanding Pi’s use cases**: By being utilized within the ecosystem rather than just as a digital asset, Pi’s practical value (use cases) expands. This can potentially lead to an increase in Pi’s long-term value.
– **Strengthening community engagement**: As Pioneers actively participate in the ecosystem, strong relationships are built between users and developers, fostering a more vibrant community.

This feature can be said to embody Pi Network’s philosophy of not just holding Pi, but collaboratively “building” its future.

#### Points to Note Before Participation

On the other hand, there are several points to be aware of when participating in this feature.

– **Uncertainty of rewards**: As mentioned, there are no direct rewards from the Pi Network itself, and incentives are at the discretion of third-party developers. There might be cases where no incentives are offered, or they might not be as valuable as expected. It’s crucial not to overly expect financial returns from staking.
– **Restrictions on Pi usage during the lock-up period**: Staked Pi will be locked for the specified period and cannot be freely traded or transferred. It is recommended to participate with surplus Pi to avoid inconvenience by locking up necessary funds.
– **Overall project progress and future prospects**: Pi Network is currently still in the development phase, moving towards Mainnet migration and full-scale ecosystem operation. While Ecosystem Directory Staking is an important step, it is wise to consider the overall progress and future prospects of Pi Network before participating.

### Future Outlook: Evolution of the Pi Network Ecosystem

Finally, we will discuss the future Pi Network aims for through Ecosystem Directory Staking and how it can contribute to the evolution of Web3.

Ecosystem Directory Staking is a significant step towards realizing the “community-driven Web3 ecosystem” advocated by Pi Network. A mechanism where users themselves discover and support the growth of valuable content and services within the ecosystem, without the intervention of centralized administrators, is one of the ideal visions for Web3.

If this feature succeeds, Pi Network has the potential to transcend being merely a cryptocurrency project and present a new model of a digital economy where users and developers cooperate and coexist. A positive cycle is anticipated, where high-quality Pi Apps gain user support and grow, which in turn attracts more users, expanding the entire Pi ecosystem.

Of course, many challenges still exist, such as the diversity of incentive designs by third-party developers and the overall maturity of the Pi ecosystem. However, Ecosystem Directory Staking is proof that Pi Network is seriously pursuing a decentralized future, and its evolution will be a very interesting case study for predicting the future of Web3.

### Conclusion: Building a New Digital Ecosystem with Pi Network

In this article, we thoroughly explained Pi Network’s “Ecosystem Directory Staking,” including its purpose, mechanics, benefits, and considerations. This new feature plays a crucial role in the community-driven, decentralized Web3 ecosystem that Pi Network aims for.

Unlike typical staking aimed at rewards, this feature is designed for Pioneers to contribute to the development of the Pi ecosystem and support truly valuable applications. By locking your Pi, you can boost the ranking of your favorite Pi Apps and contribute to the overall vitalization of the Pi ecosystem. This can potentially create a positive cycle that may lead to an increase in Pi’s long-term value.

Pi Network is more than just a cryptocurrency. It has a grand vision of building a new digital frontier that people worldwide can access and contribute to. Ecosystem Directory Staking is just one step towards making that vision a reality. So, why not join Pi Network on a journey to design the future of a new digital ecosystem?

We encourage you to experience this new feature through the Pi Browser and check Pi Network’s official information to deepen your understanding.

The Truth About Pi Network’s ‘Second Wave Migration’ and the Shock of 276 Million Pi Token Unlock: A Comprehensive Analysis of a Complex Situation

The Pi Network community is currently being rocked by rumors of a ‘Second Wave Migration’ and the impending massive unlock of 276 million Pi tokens. The unresolved KYC issues faced by long-standing Pioneers and the uncertainty of the future are now placing Pi Network at a significant crossroads. Why has this situation arisen, and how will it impact the future of Pi Network?

This article aims to objectively and clearly unravel these complex issues, providing readers with a solid perspective to deeply understand Pi Network’s current situation and discern its future movements.

### Introduction: The Two Storms Facing Pi Network – ‘Second Wave’ and ‘Massive Unlock’

Pi Network has attracted tens of millions of users (Pioneers) worldwide as a cryptocurrency that can be easily mined on smartphones. However, in recent years, many users have encountered challenges with processes such as migration to the Mainnet and Know Your Customer (KYC) verification. Now, information is spreading within the community that users who previously completed migration are facing new migration steps, and a massive unlock of 276 million Pi tokens is scheduled for June 2024, raising concerns about market pressure.

These circumstances are deepening worries about Pi Network’s stability and future prospects, leaving many Pioneers in a whirlpool of confusion and frustration.

### The Chaos of ‘Second Wave Migration’: Community Disruption Caused by Lack of Official Announcements

This section delves into the specific situation of the ‘Second Wave Migration’ whispered among Pi Network users and why it’s causing such significant disruption. Understanding the impact of mixed official and unofficial information will reveal the complex background of the current situation.

#### New Steps Appearing for Already Migrated Users

Just as many Pi Network users thought they had completed the Mainnet migration process, finished KYC, and set up their Pi Wallets, they began to notice anomalies in their Pi app checklists. New items flickered like warning signs, indicating what appeared to be a second round of migration steps.

This situation triggered intense frustration and unrest, particularly on social media platforms like X (formerly Twitter). Screenshots of updated migration checklists flooded timelines, and users reacted with shock, anger, and even bitter resignation. One user, expressing accumulated frustration after years of mining and waiting, posted: “This Pi nonsense. After years of mining, we are denied access to our coins. The Core Team should reconsider how they manage what they call the Pi community.” This post laid bare their deep-seated dissatisfaction.

#### New Demands Amidst Unresolved KYC Issues

Complicating the matter further is the fact that many users being asked to complete these new migration steps have yet to even complete their initial KYC process. Despite taking all necessary steps, they remain stuck in what has been dubbed ‘KYC purgatory’—a state of waiting for approval. This is akin to being caught in a traffic jam while seeing a new lane, inaccessible to you, open up ahead, deepening the confusion.

#### Absence of Official Announcements: Core Team’s Silence Breeds Mistrust

Exacerbating this confusion was a misleading post by a celebrity parody account claiming that “Pi Network’s second wave migration has begun,” which then went viral. This post touted the ability to “unlock the use of Pi for real-world purchases, DApps, and Web3 apps,” leading many users to mistakenly believe it was official information. However, the Pi Core Team has not confirmed this ‘Second Wave Migration’ through any official channel. There have been no blog posts, no roadmap updates, and no concrete announcements—only rumors and speculation.

Throughout years of testnet operation, the dream of Pi Network was underpinned by its potential for real-world use, such as “buying coffee with Pi, purchasing clothes, and using services.” However, a dream without structure inevitably creates tension and mistrust among users.

### The Impact of 276 Million Pi Token Unlock on the Market and Picoin Price Trends

This section analyzes the potential impact of the massive Pi token unlock scheduled for June 2024 on the Pi Network ecosystem, particularly on Picoin’s market price. We will explore potential market risks based on current price trends and technical indicators.

#### Impending Massive Release of 276 Million Pi

In addition to the ‘Second Wave Migration’ chaos, a staggering 276 million Pi tokens are slated for unlock in June 2024. Based on Pi’s current valuation, this amounts to approximately $176 million (about 27 billion JPY). In the cryptocurrency market, such large-scale token unlocks typically significantly increase market supply, exerting downward pressure on prices.

#### Picoin’s Current Weak Price Trend and Technical Analysis

Pi Coin has already been on a downward trend for several weeks, hovering near the critical level of $0.64. The current charts paint an even grimmer picture:

* **30-minute chart:** The price is clinging to the lower Bollinger Band, and the RSI (Relative Strength Index) at 40.27 suggests weak buying pressure. The MACD (Moving Average Convergence Divergence) is flat, indicating no clear trend.
* **5-minute chart:** The RSI is at 29.00, in the oversold territory, which would typically be seen as a sign of potential rebound. However, there’s no significant increase in volume or breakout candlesticks, showing little sign of reversal.
* **1-minute chart:** After temporarily hitting an intraday low of $0.6405, there was a slight rebound, but this was more of a temporary ‘hiccup’ than a recovery. A downtrend of lower highs and lower lows continues, and unless this situation changes rapidly, the $0.64 support level is unlikely to hold for long.

Should the $0.64 support be broken, the next target would be $0.60, and in the worst-case scenario, a drop to the psychological level of $0.40 must be considered. The combination of a massive unlock, community dissatisfaction, unresolved KYC issues, and the lack of official announcements from the Core Team could create a potent ‘cocktail’ for significant market disruption.

Of course, if the range of $0.65 to $0.66 is reclaimed with strong volume, there remains a chance for the bulls to counter. However, this would require not just a temporary rise but fundamental buying pressure that convinces the market that it’s ‘not over yet.’

### Fundamental Challenges Facing Pi Network: Communication and Trust Gaps

Why is Pi Network, which has been supported by its community for years, now facing such an uncertain situation? This section explores the communication challenges between the Core Team and users, and how they are impacting the project’s reliability.

#### User Frustration and Core Team’s Lack of Transparency

Pi Network Pioneers have diligently mined for years, contributing to the project’s growth. What they now seek is clear information and a path forward. However, the current reality is one where goals frequently shift, new challenges like the ‘Second Wave Migration’ are introduced, and KYC issues remain unresolved. This gives users the feeling of participating in a game where the rules keep changing mid-way, shaking their trust in the project.

With the Mainnet expected to launch and enable real-world usage, the inability of many users to access their coins means that goal seems increasingly distant.

#### The Difficulty of Scaling a Large-Scale Decentralized Network

To be fair, building and scaling a massive decentralized network like Pi Network is by no means easy. The development process is bound to encounter bugs, bottlenecks, and delays. Technical challenges are an unavoidable aspect.

However, the problem isn’t just technical; it’s also emotional. If users feel ignored or left behind, regardless of how excellent the technical foundation, the overall vitality of the community will wane, ultimately causing the entire network to suffer. The Core Team needs to proactively disclose information and communicate more effectively to bridge this emotional gap.

### Paving the Way for Pi Network’s Future: Expectations for the Core Team and the Power of the Community

What changes are needed for Pi Network to realize its full potential and become a truly ‘functioning economy’? This section discusses the clear actions required from the Core Team and the persistent hope of Pioneers who continue to support the project.

#### Demands for Transparency and a Clear Roadmap

It is an urgent necessity for the Core Team to provide official updates and ensure transparency to resolve the current confusion and restore community trust. This includes:

* An official explanation of the phenomenon termed ‘Second Wave Migration,’ identifying who is affected and the process involved.
* A concrete plan to permanently resolve outstanding KYC issues.
* Measures to stabilize Picoin’s price amidst the upcoming large-scale Pi token unlock.

These are more than just UI changes or checklist updates. They represent the rebuilding of ‘confidence’ in the project, which will determine whether Pi Network establishes itself as a ‘functioning economy’ or is remembered as a ‘tale of lost potential.’

#### The Path to a ‘Functioning Economy’ and Pioneers’ Enduring Hope

Despite everything, many Pioneers have not given up hope. Even amidst mounting frustration, there is a quiet determination within the community to continue supporting Pi Network. This might be a stubborn belief, or perhaps the sentiment that “we’ve come this far; we can’t give up now.”

Whatever the reason, one thing is certain: June 2024 will be a ‘make-or-break moment’ for Pi Network. We are watching the chart movements closely, hoping for clarification on migration, and many Pioneers are praying that years of effort will finally be rewarded as they await that moment.

### Conclusion and Future Outlook: Can Pi Network Evolve into a True Decentralized Ecosystem?

Pi Network is currently grappling with a confluence of challenges: rumors of a ‘Second Wave Migration,’ unresolved KYC issues, and a massive unlock of 276 million Pi tokens. Picoin’s price is also showing a weak trend, with crucial support levels being tested.

At the heart of this turmoil is a communication gap and lack of transparency between the Core Team and the community, which is shaking confidence in the project. While building a large-scale decentralized network is difficult, addressing not only the technical aspects but also users’ emotions and expectations is key for Pi Network to evolve into a truly ‘functioning economy.’

Whether Pi Network can navigate this difficult period and realize its vision of a decentralized ecosystem depends on the Core Team’s future actions and the community’s continued support. It is crucial to monitor future developments and always check official information.

We will continue to provide the latest information and in-depth analysis regarding Pi Network. If this article has helped you understand Pi Network’s current situation, please share it and let us know your thoughts in the comments. We hope your insights will contribute to the growth of the entire Pi Network community.

Unveiling Pi Network’s ‘Open Network’: A $100M Fund and Gaming Drive Its Utility-Focused Future

For years, Pi Network has captured global attention with its innovative approach to mobile mining. Many users have eagerly anticipated its future potential, particularly the opening of the ‘mainnet’ and the concrete utility of their earned Pi coins.

Now, Pi Network is transitioning into a new phase called ‘Open Network,’ reaching a critical juncture where these expectations will be put to the test. Approximately 100 days into this transition, Pi Network is demonstrating tangible efforts to build a cryptocurrency ecosystem that prioritizes ‘utility’ rather than being merely a speculative asset. Will Pi truly become a ‘usable’ cryptocurrency deeply rooted in our daily lives?

This article delves into what has transpired in the first 100 days since Pi Network’s Open Network transition, exploring the core of its vision and concrete strategies to accelerate its ecosystem, all based on reliable information. We particularly focus on the newly established $100 million fund, ‘Pi Network Ventures,’ and the potential of the gaming sector it prioritizes, unraveling the future of ‘utility’ that Pi Network aims for.

## Long-Awaited Realization: The Significance of Pi Network’s ‘Open Network’ Launch

Pi Network, which has attracted global attention through mobile mining, has transitioned into the ‘Open Network’ phase, a stage where its true value will be tested. This section deeply explores how this transition connects to Pi’s envisioned future and its profound significance.

### Pi Network’s Journey: Over 6 Years of Development and Mobile Mining

Since its launch in 2019, Pi Network has garnered tens of millions of users worldwide, thanks to the ease of mining Pi coins for free via a smartphone app. Its core concept was to expand the potential of blockchain technology to ordinary people without specialized knowledge. However, previous stages primarily focused on technological development and user base expansion, with a cautious approach to the so-called ‘open mainnet’ transition.

### What is ‘Open Network’?: The Path to Utility and Universal Access

The ‘Open Network’ that Pi Network aims for signifies not just a complete technical infrastructure but also an environment where external connections are actively fostered, and Pi coins can be genuinely utilized. Specifically, it means external companies and developers can build services on Pi’s blockchain, allowing users to conduct peer-to-peer (P2P) transactions directly with Pi coins and interact within various applications.

Pi Network’s ambition from the outset has been to create a cryptocurrency accessible to everyone and useful in daily life. This transition to ‘Open Network’ is a crucial step towards realizing that vision.

This reflects Pi Network’s fundamental philosophy of pursuing ‘utility’ through real-world problem-solving and value provision, rather than merely being an object of ‘speculation’ where cryptocurrency values fluctuate.

## Catalyst for Ecosystem Acceleration: The Role of the $100 Million ‘Pi Network Ventures’ Fund

To materialize its ‘Open Network’ vision, Pi Network has launched a large-scale funding program. This section explains how this $100 million fund aims to contribute to the ecosystem’s growth.

### What is ‘Pi Network Ventures’?: Fund Allocation and Objectives

One of the most notable developments in the first 100 days after the Open Network transition was the launch of ‘Pi Network Ventures,’ a $100 million investment fund. This fund, composed of both Pi coins and US dollars (USD), has been allocated to support startups and projects contributing to the strengthening of the Pi ecosystem.

This fund has three distinct strategic objectives:

* **Promote Pi Utilization:** Create more opportunities for Pi coins to be used in more places and more frequently.
* **Stimulate Economic Activity on the Network:** Develop an environment where users and businesses can create and exchange economic value within the Pi ecosystem.
* **Connect Pi with the Real World:** Ensure Pi Network’s technology and Pi coins are useful in solving actual business and daily life challenges.

These objectives are directly tied to Pi Network’s vision of ‘utility.’ Through financial support, the expectation is that innovative applications and services built on Pi will emerge.

## Gaming Driving Pi Network’s ‘Utility’: Concrete Examples and Potential

One of the areas Pi Network Ventures particularly focuses on is gaming. This section explores why gaming is crucial for Pi’s practical use and widespread adoption, and examines its potential through specific examples.

### Why is Gaming Prioritized?: Web3.0 and Engagement

In recent years, blockchain technology and cryptocurrencies have shown high compatibility with the gaming industry (especially Web3.0 games and Play-to-Earn (P2E) models). Games naturally foster high user engagement and often feature in-game economies, providing an ideal environment to test the ‘utility’ of cryptocurrencies. Pi Network prioritizes the gaming sector for the following reasons:

* **Large User Base:** Directly provides Pi utilization opportunities to a global Pi user base.
* **High Engagement:** Makes Pi usage an everyday experience through gaming.
* **Creation of Economic Activity:** The use of Pi for buying/selling in-game items or as rewards creates activities similar to a real economy.

Gaming can also serve as an entry point into the world of cryptocurrencies, helping more users become familiar with the Pi ecosystem.

### Case Study: Integration with the Fruit Match Game ‘Free’

A concrete example of Pi Network Ventures’ focus on gaming is its integration with ‘Free,’ a fruit match game. This game is incorporated into the Pi Network ecosystem, featuring Pi coin payment functionality and user-to-user social interaction.

Such integration examples demonstrate Pi’s role not merely as a digital asset but as a ‘currency’ that can be actively used for in-game purchases and interactions. In the future, a wider variety of game genres are expected to join the Pi ecosystem, expanding Pi’s use cases.

## Challenges and Future Outlook for Pi Network: The Path to True Adoption

While Pi Network’s Open Network transition is a significant step, many challenges remain for true widespread adoption. This section objectively examines these challenges and considers future prospects.

### Difficulty in Ecosystem Expansion: Acquiring Developers and Users

The $100 million fund provides a strong boost, but building a truly sustainable ecosystem requires the continuous acquisition of high-quality developers and users who will utilize the services they create. To achieve the ‘utility’ Pi Network aims for, not just games but attractive applications and services in diverse fields must continuously emerge.

### Definition of ‘Utility’ and Market Acceptance

Pi Network emphasizes ‘utility over speculation,’ but the question remains how attractive this ‘utility’ will be to users compared to other established payment systems or existing cryptocurrencies. Factors such as ease of use, fees, processing speed, and service quality will be key to widespread market acceptance.

### Gap Between Community Expectations and Reality

After years of mobile mining, the Pi Network user community has high expectations for mainnet activation and the realization of Pi coin’s value. It will be crucial for the Pi Network operation team to meet these community expectations while continuously presenting a realistic development roadmap and tangible results to maintain the project’s credibility moving forward.

## Conclusion: Will Pi Network’s Challenge Pave the Way for the Future of Cryptocurrency?

Approximately 100 days have passed since Pi Network’s ‘Open Network’ transition. This period marks the beginning of their new challenge to fulfill long-held expectations and pursue ‘utility.’ The establishment of the $100 million ‘Pi Network Ventures’ fund and its particular focus on the gaming sector demonstrate that the Pi ecosystem aims for concrete value creation, not just speculation.

Pi Network’s vision of ‘a cryptocurrency accessible to everyone and useful in daily life’ suggests an important direction for cryptocurrencies to become rooted in the lives of a wider range of people, not just experts and investors. This unique approach is worth continued attention as it shapes the future of blockchain technology and cryptocurrency.

If you wish to learn more about Pi Network, compare it with other cryptocurrency projects, or delve deeper into the fundamentals of blockchain technology, we encourage you to refer to relevant books and official information to continue your intellectual curiosity. Pi Network’s journey may offer new insights into how our daily lives can be enriched by digital technology.