Pi Network, a Web3 application ecosystem and development platform with a community of tens of millions of people mining and using the Pi cryptocurrency, today kicked off the Pi2Day festival with an update on progress toward Open Network.

In December, Pi announced plans to enter the Mainnet Open Network phase in 2024 if the community achieves a series of conditions including: 15 million KYC Pi users (Pioneers); 10 million people migrated to Mainnet; 100 Pi applications are actually on Mainnet or ready for Mainnet; Continue progress with technical and product updates by the core team; and finally, there is no adverse global external environment.

To date, more than 12 million Pioneers have completed identity verification through Pi's native KYC solution, Pi KYC (up from 9.45 million in March), with 5.79 million having migrated to Mainnet ( up from 4.5 million in March). Additionally, 70 real and distinct Pi applications are either on Mainnet or Mainnet-ready and address a real need by providing further utility to the Pi ecosystem (up from 50 in March) .

“Our path to Open Network is based on the joint efforts of the global Pi community,” Dr. said Chengdiao Fan, Founder and Product Lead of Pi. “Together, the core team, community developers and Pioneers everywhere are collaborating to achieve Open Network by 2024 and we are pleased to say that we are still on track thanks to our contributions. Incredible contributions and creativity from the community.”

“Over the past few months, our team's thorough testing, technical optimization, and numerous tweaks have enabled many updates in Mainnet migration, KYC, and other blockchain components like Pi Node,” Dr. shared Nicolas Kokkalis, another Founder and Technology Lead of Pi. “These updates lay the foundation for our continued work on upcoming initiatives such as the KYC grace period, second and subsequent migrations, Mainnet Node and blockchain work, and much more. , all of which enable the community to move beyond Pi to the Open Network in 2024.”

Since last year's PiDay (March 14, 2023), Pi has grown from 45 million to over 60 million active global users and launched a series of major ecosystem updates including:

  • Fireside Forum, a Web3 social networking application with an innovative tokenomics mechanism for content creation, management and moderation.

  • Staked DMs on Pi Chat app, another cryptocurrency integration to facilitate meaningful connections.

  • Pi Ad Network, the first realization of the vision of platform utilities built on collective resources such as community scale and engagement, collective attention, and digital identity has been launched. Verification. The initial version was released in the Fireside Forum and the platform is currently integrated with community Pi applications.

Pi network's user growth since March 2023 is quite impressive.

Recently, many people said they waited for milestones like Pi Day March 14 or Pi2Day June 28 hoping for "mainnet to open", but there was no significant improvement except for messages to reassure users. Meanwhile, Nicolas Kokkalis, the person believed to be behind the Pi Network project, has not appeared in any media for over three years.

At the end of June 2023, the Ministry of Public Security said it had coordinated with local police to investigate activities related to the virtual currency Pi. According to a representative of the Ministry, activities related to Pi in Vietnam show signs of soliciting money from one person to the next in a binary, multi-level business model, so people need to be cautious before behavior that entices participation in a virtual currency model with unusually high profits.

Source: https://tapchibitcoin.io/pi-network-tien-gan-den-giai-doan-open-network-voi-15-trieu-nguoi-dung-tang-them-after-hon-1-nam. html