「Pi Fest 2024」タグアーカイブ

How Many Days Until Pi Network Opens? – Latest Updates on Wallet Development and Market Outlook

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A historical turning point for Pi Network is approaching. The start of the open network is said to be just a few dozen days away, and the countdown has begun. This article provides a detailed explanation of the latest development status of Pi Network and its future prospects.

Current Status and Evolution of the Cryptocurrency Market

The digital currency market has achieved significant growth, especially since the support from former President Trump. In countries like the UAE, the legalization of cryptocurrencies and the regulation of transactions are progressing, accelerating the transition to a digital economy.

Pi Network’s Value Formation Mechanism

Many people have questions about how Pi Network’s value is formed. However, this can be thought of using a principle similar to the value formation of gold. Gold also did not initially exist in the market, and its value was established through the balance of supply and demand.

Importance of Market Utility

A key feature of Pi Network is its “market utility,” which is integrated into actual economic activities. By having practical uses such as daily payments, bill settlements, and product purchases, natural demand is created. This envisions usage across the entire supply chain, from supermarkets to manufacturers and raw material suppliers.

New Developments in Wallet Development

The development team is proceeding with the development of a wallet with more comprehensive features. The new wallet will include:

  • Exchange functionality with other cryptocurrencies
  • Transaction system within the platform
  • Unique price formation mechanism

Future Outlook and Features

Pi Network aims to return to the origins of Bitcoin and build a more comprehensive economic system. It is designed as a currency that is easy for ordinary people to use, not just the wealthy.

Features of the Trading Platform

According to the development team’s announcement, Pi Network transactions are expected to occur only on its own platform with a 90% probability. This signifies the establishment of a new trading model that does not rely on traditional exchanges.

Importance of Pi Fest 2024

Pi Fest 2024 will be the final important event in the transition to the open network. After this event, the transition to the full open network phase is planned.

Furthermore, based on past experience with futures trading, the development team has indicated a policy to restrict unapproved transactions and maintain the platform’s integrity. This is expected to lead to more stable value formation.

Pi Network Pi Fest 2024 Concludes | Looking Towards Mainnet Deployment

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

Important Announcement: Continuation of Daily Mining

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

Detailed Information Regarding the End of Pi Fest 2024

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

Detailed Guide on How to Participate

1. How to Find Stores Where Pi Can Be Used

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

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

2. How to Conduct and Record Transactions

When conducting transactions, please note the following points:

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

Global Transaction Examples

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

Tools for Safe Transactions

To ensure safe transactions, the following tools are provided:

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

Future Outlook: Towards the 2024 Mainnet Launch

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

Expectations for Pioneers

Community members are expected to engage in the following activities:

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

Summary

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