There are now 33 million so-called pioneers, i.e. miners, in the Pi Network, yet there is still no clear idea of ​​how they will benefit from it. Debate continues over whether the Pi Network, the app that claims to aim to open cryptocurrencies to everyone, is an initiative. Well intentioned or a scam. If it is a scam, it is not a traditional Ponzi scheme style scam because users are not investing their money, they are investing some time in their mobile phones. The organization is criticized for exploiting miners by selling ads to reach 33 million of the alleged pioneers. However, the team developing the Pi Network says that it is “a real effort by a team of Stanford graduates to give ordinary people greater access to digital currency.” There are many cryptocurrency believers who see it as an opportunity to get involved in cryptocurrency from the beginning And maybe profit at some point in the future. They do so, perhaps, hoping to follow in the footsteps of the early Bitcoin (BTC) users who made money from mining and holding the currency. However, others have likened Pi Crypto to a worthless multi-level marketing (MLM) scam. As of March 24, no coins have been traded yet; Which means no transactions and no paper rewards.The organization behind it recently tweeted: “The Pi Network had an amazing year of growth filled with milestones that met roadmap goals and increased the utility of the network.” This includes the launch of the mainnet, the Pi Network insists this is the point at which a coin exchange can list. None have so far shown any sign of wanting to do so. On Pi Day on March 14 (a visualization that works best if you use the US date system), it announced two more innovations: the rollout of a comprehensive KYC (know your customer) solution, A new Pi coin mining mechanism allows for more diverse mining rewards. These actions potentially enhance value for ad owners. Pi Network has continued to insist that it is not running an initial coin offering (ICO) or crowdfunding sale and coins that can be mined in the ecosystem currently remain in the ecosystem. The organization states in its white paper that in The third stage: “Only verified accounts of real, distinguished individuals will be honored.” This is the so-called Know Your Customer (KYC) process. It also states: “This is the stage where Pi can be linked to exchanges and exchanged for other currencies.” Many miners are keen for this to happen because they see little value in the coins they have mined if they cannot sell them.This article provides an overview of what Pi Network aims to achieve and where the Pi price predictions are taking. What is Pi Network? Pi Network is a digital currency project that aims to enhance the possibility of... Access to Cryptocurrency Mining The centralization of first generation currencies like Bitcoin put it out of reach for ordinary users. The Pi Network, developed by a team of Stanford University graduates, enables users to mine cryptocurrencies using their mobile app, and validate transactions on a distributed ledger. Unlike the nodes that connect networks like Bitcoin by using proof-of-work (PoW) protocols ), Pi network nodes use an algorithm based on the Star Consensus Protocol (SCP). Pi nodes validate transactions in the distributed ledger and reach consensus on the order of new transactions recorded by the ledger. Under the Star Consensus Protocol (SCP), PI nodes form security circles or groups of three to five Trusted people known to both network users. These security circles create a global network of trust that prevents fraudulent transactions from being passed on, as transactions in the shared ledger can only be verified if trusted nodes approve them. Using a branding based on the number π, the first phase of the project was launched in 2019 on Pi Day, March 14, through the free Pi mining app. By June 2019, the network had more than 100,000 active users. A year later, when the second phase was launched, there were more than 3.5 million users. Making CFDs and whether you are able to take risks that may result in a loss of money Home for traders Pi Network (Pi): What is the outlook for Pi coin that did not Pi Network: What is the outlook for the Pi coin that has not yet been released? By Capital.com Research Team#pi_network (Pi)There are now 33 million so-called pioneers, i.e. miners, in the Pi Network However, there is still no clear idea of ​​how they will benefit from it. Debate continues over whether Pi Network, the app that claims to aim to open up digital currencies to everyone, is a bona fide initiative or a scam. If it is a scam, it is not A traditional scam similar to a Ponzi scheme because users do not invest their money, they invest some time in their mobile phones. The organization is criticized for exploiting miners by selling ads to reach 33 million alleged pioneers. However, the team developing the Pi Network says It is “a real effort by a team of Stanford graduates to give ordinary people greater access to digital currency.” There are a lot of cryptocurrency believers who see it as an opportunity to get involved in cryptocurrency from the beginning and perhaps profit at some point in the future. They do so, perhaps, hoping to follow in the footsteps of the early Bitcoin (BTC) users who made money from mining and holding the currency. However, others have likened Pi Crypto to a worthless multi-level marketing (MLM) scam. As of March 24, no coins have been traded yet; Which means no paper transactions and no rewards. The organization behind it recently tweeted: “The Pi Network has had an amazing year of growth filled with milestones that have met roadmap goals and increased the utility of the network.” This includes the launch of the mainnet. The Pi Network insists this is The point at which a currency exchange can be listed. None have so far shown any sign of wanting to do so. On Pi Day on March 14 (a visualization that works best if you use the US date system), it announced two more innovations: the rollout of a comprehensive KYC (know your customer) solution, A new Pi coin mining mechanism allows for more diverse mining rewards. These actions potentially enhance value for ad owners. Pi Network has continued to insist that it is not running an initial coin offering (ICO) or crowdfunding sale and coins that can be mined in the ecosystem currently remain in the ecosystem. The organization states in its white paper that in The third stage: “Only verified accounts of real, distinguished individuals will be honored.” This is the so-called Know Your Customer (KYC) process. It also states: “This is the stage where Pi can be linked to exchanges and exchanged for other currencies.” Many pioneers are keen for this to happen because they see little value in the coins they have mined if they cannot sell them. This article provides an overview of what the Pi Network aims to achieve and where Pi coin price predictions are taking. What is Pi Network? Pi Network is a digital currency project that aims to enhance the accessibility of cryptocurrency mining as the centralization of first generation currencies like Bitcoin made them out of reach for ordinary users. The Pi Network, developed by a team of Stanford University graduates, enables users to mine cryptocurrencies using their mobile app, and validate transactions on a distributed ledger. Unlike the nodes that connect networks like Bitcoin by using proof-of-work (PoW) protocols ), Pi network nodes use an algorithm based on the Star Consensus Protocol (SCP). Pi nodes validate transactions in the distributed ledger and reach consensus on the order of new transactions recorded by the ledger. Within the Star Consensus Protocol (SCP), Pi nodes form security circles or groups of three to five Trusted people known to both network users. These security circles create a global network of trust that prevents fraudulent transactions from being passed on, as transactions in the shared ledger can only be verified if trusted nodes approve them. Using a branding based on the number π, the first phase of the project was launched in 2019 on Pi Day, March 14, through the free Pi mining app. By June 2019, the network had more than 100,000 active users. A year later, when the second phase was launched, there were more than 3.5 million users. The app began showing ads in May 2020 to provide a funding source for the project. On November 25, Pi announced that its user base had jumped to 29 million, compared to 14 million in March 2021. Pi, or PI, is the cryptocurrency that operates on the Pi network, and as with other cryptocurrencies such as Bitcoin, it is designed to undergo regular halving in order to Maintaining its rarity. Halving is the process in which the number of cryptocurrencies that miners receive for processing new transactions is reduced by half. This usually happens when a certain level is reached. Pi coin's mining rate was halved from 1.6 per hour when the number of users reached 100,000, then fell again to 0.4 per hour when the number reached 1 million and was followed by another halving to 0.2 when it reached 10 million. The halving will continue until it reaches zero at 1 billion users. During the current second phase of the project, users can volunteer to test Pi Node software to run on their computers. Pi Wallet and Pi Browser were released for testing on April 1, 2021. On June 28, the developer portal, SDK, and other resources were released#cryptoscope #BNB #USDT #egypt

🥧 What's Pi? Imagine a digital currency where everyone is a player! Pi is bringing that dream to life with its innovative approach, and I've got the golden ticket for you. 🎟️🚀 Claim Your Pi Now! Copy It 👇https://minepi.com/rjrajrj👈 and use my username (rjrajrj) as your invitation code. Hurry, before Pi launches in the 2nd or 3rd quarter! ⏰Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. kYC (Know Your Customer) verification is a prerequisite for Pi Network users to transfer their minted Pi Coins to the mainnet, allowing them to perform transactions using the coins.Although the KYC process is quite straightforward, a significant number of users report problems associated with document uploading, liveness checks, machine detection, and more. If you also have not approved KYC for Pi Network yet or having an issue with the process, simply go through this guide thoroughly.In this piece, we have covered all requirements and necessary steps to get you approved. Additionally, we have addressed some most frequently raised concerns and FAQs related to Pi Network KYC verification.Table of ContentsStep-by-step guide to approve Pi Network KYC applicationFor obvious reasons, KYC verification requires a few legal documents, and the applicant must fulfill certain criteria. Therefore, you need to know the requirements before entering the actual application process, which are as follows:Requirements and eligibility criteria to apply for Pi Network KYCYou must be 18 years or olderGovernment-issued ID: You must have the original copy of one of the following government-issued documents in hand as you will be asked to capture the picture of the ID, instead of uploading an already saved ID image.Passport (recommended)Driving LicenseNational IDClear-looking face for a liveness check: You will be asked to take your phone’s camera in front of your face and the system will automatically capture your face. This photo will be required to verify that you are the one whose ID has been submitted. Therefore, ensure your face is easily recognizable and matches that on your ID before starting the verification process.Must have mined Pi for at least 30 days: A new Pioneer cannot immediately apply for KYC verification, for obvious reasons. They must mine Pi for at least 30 days (not necessarily in a consecutive manner).Approximately 5-10 minutes: It takes about 5 to 10 minutes to complete the KYC application.Note: Although Pi KYC is open for all, eligibility, requirements, and availability may differ from what is shown in this article according to your country or location.Now, let’s move on to the steps you need to follow to apply for Pi Network KYC verification.Steps to complete the KYC verification processStep 1: Install the Pi Browser app (it is available on the Google Play Store and the Apple App Store). Or proceed to step 2 if you already have it on your device.Step 2: Open the Pi Network app and head to the Mainnet section. You can find the Mainnet option in the side menu.Step 3: Subsequently, tap on the Mainnet checklist tab and complete all the tasks up to the “Submit your KYC Application” task. See the detailed guide here.Step 4: Once you have finished the tasks listed before the KYC verification, the KYC application tab will be unlocked. Tap on it to start the application process. If it doesn’t work, manually go to the “kyc.pi” area in the Pi Browser app to launch the application process.Step 5: On the first screen after entering the KYC section from the Pi Browser app, you will be asked to choose the country from a drop-down menu. Select your country as mentioned on the government-issued ID.Step 6: Subsequently, choose the type of ID document that you want to use for the verification. A passport is recommended.Step 7: After this, you will see four slides, providing you with instructions on how to use the ID and how to proceed properly. You should tap the next button while reading them carefully.Step 8: Now, you will spot an “Add front photo” option on the screen. Tap on it, and the camera will turn on. Simply capture a clear image of the front of your ID. If the ID also has a back with essential information, then add a back photo too.Remember to capture the image or save it in a horizontal (landscape) position.RecommendedPi Network’s Mainnet Countdown Reset: New Speculation After Roadmap ReleasePi Network Unveils New Roadmap with an Attractive InterfaceIs Pi Network Legit? (An Unbiased Verdict)Step 9: After submitting the ID photo, you will be redirected to a form that you need to fill out with the same information as on the ID document.The form asks for the following details:First nameMiddle name (optional)Last nameGenderDate of BirthDocument ID numberExpiry date of IDCountry of ResidenceStep 10: After you submit the form, it’s time for a liveness check to confirm that you are a real person. Simply click on the “I’m Ready” button, and the front camera will turn on automatically. You need to hold the camera in front of your face so that your face is clearly visible.This is all you need to do to verify your KYC on the Pi Network. Continue reading to learn more.How much time does it take for KYC approval in Pi Network?After you submit your application, it can take a few days or even months for a response about your KYC application.However, in rare cases, you can be verified in a matter of minutes if you have provided accurate information and there are enough human validators in your country or location.All you need to do is wait for a change in your application status. It will either be accepted or refused. In case your document is not clear and the automated machine is not able to scan key details from your ID such as your face, name, country, etc., you may be asked to capture your ID or selfie again.How to check Pi Network KYC status?To check the status of your KYC application, you can visit your profile in the Pi Network app. You will see a green checkmark alongside the identity verification (KYC) label, indicating that your KYC has been verified. If it shows a loading animation, then it means your application has not yet been reviewed and is pending.Alternatively, you can also know whether you passed the KYC by going to the Mainnet checklist section. If the “Wait for KYC results” tab is green, your KYC is verified.Note: Even after being approved, many pioneers report that their checklist tab did not turn green. This could be a problem with the Pi Network app itself. So, for your KYC application status, rely primarily on the Pi KYC app (on Pi Browser).How does the Pi Network KYC application review process work?Due to the tremendous size of the Pi community, it is highly impractical for the Core Team to perform identity verification for each Pioneer. As a result, they developed a KYC verification system whereby those who have already verified their KYC assist in the verification of others.Once your documents are submitted successfully, the application goes to someone who is already KYC-verified. After being reviewed by the said person, the application is passed on to another KYC-verified person. If your application passes both validators, you will pass the KYC.Indeed, the validators will be citizens of your nation, making the verification process considerably simpler and quicker.For your KYC application, you will be charged 1 PI coin, which will be rewarded to the validators.To get further information about Pi KYC, you may visit Pi Network’s official KYC FAQs↗ page.Disclaimer: We have no affiliation with the Pi Network. This article is solely for informational purposes, and we may not be able to resolve individual KYC issues for readers.#megaairdrop #pixel #pi_network