4Pi Network reaches 10M KYC’d users, but token is still not tradeable

The centralized app reached 10 million verified accounts, but critics contend it doesn’t benefit users.

The Pi Network app now has more than 10 million users who have verified their identities by completing the Know Your Customer (KYC) process, according to an April 16 announcement.

Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link

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https://minepi.com/sajjad10736 and use my username (sajjad10736) as your invitation code.

The Pi team has promised that it will launch a mainnet and that its tokens will become tradeable if a series of milestones are reached, including after 15 million users pass KYC. With 10 million accounts already verified, the KYC goal will be reached when another five million users complete verification.

Despite this achievement, business analytics platform AIMultiple has claimed that Pi may bring “no value to users” since it “can not yet exchange their Pi coins with fiat currency on exchanges.” Pi Network was launched in 2019 as a centralized app. Users produce Pi tokens by pushing a button from within the app each day, and Pi cannot presently be transferred to other users through a wallet.