TL;DR

Pi Network extended its KYC and mainnet migration deadlines to November 30 and December 31, 2024, frustrating some users who suspect further delays in launching the mainnet.

Despite community skepticism, the Pi Core Team announced that the mainnet open roadmap, enabling the official trading of Pi tokens, will be revealed in December 2024.

Most Important Recent Updates

Pi Network has been around for years, but it remains one of the most controversial projects in the cryptocurrency industry. While it aims to allow users to mine and earn digital assets directly from their smartphones, the uncertainty of when a native token and mainnet will be introduced keeps raising eyebrows across the community. 

Over the past month, the team behind Pi Network announced several updates and upcoming initiatives that could be interesting for users.

The working group argued that over 13 million people have already passed Know-Your-Customer (KYC) procedures, whereas more than six million have migrated to the mainnet. It also set September 30, 2024, as a deadline for users to complete their KYC verification and transition to the mainnet. 

“Make sure you don’t miss your deadlines to submit KYC or migrate your Pi. Ask your Security Circle and Referral Team to take actions before the Grace Period ends,” the disclosure reads.

In addition, PiBridge (a decentralized financial platform that acts as a bridge between the Pi Network and other blockchains) introduced an NFT Pool on its application. The team advised miners to deposit their non-fungible tokens to stake on the app before September 30, 2024. 

Earlier this week, though, Pi Network changed its deadlines. As CryptoPotato reported, Know-Your-Customer (KYC) verification procedures (known as the “Grace Period”) were extended to November 30, 2024, while the final deadline for users to migrate to the mainnet was moved to New Year’s Eve.

Many showed their dissatisfaction with the latest amendments. Some claimed the delay could be another sign that the project is a scam, while others started losing hope that the open mainnet will ever see the light of day.

The Talk Show and the Subsequent Effort

PiBridge hosted a special podcast at the end of August, promising to discuss the highly anticipated launch of the mainnet. The speakers of the talk show included Victor Nguyen (CEO of PiBridge), Woody Lightyear (Founder of Pi Revolution), Wesley Rocha (Marketing Manager of Teltlk International), and Vindicated Chidi (a prominent figure within the Pi Network community who often takes part in such community gatherings).

Shortly after the discussion, the Pi Core Team said the mainnet open roadmap, which should allow the official buying and selling of Pi tokens, will be announced in December 2024.

Many users praised the move, saying they eagerly await the upcoming disclosure. Others, though, were not so optimistic, claiming this is yet another delay tactic that will not be followed by an actual effort. 

The post Pi Network (PI) News Recap: Here’s What Happened in the Past 30 Days appeared first on CryptoPotato.

Pi Network is a unique project aimed at democratizing cryptocurrency by allowing users to mine Pi tokens directly from their mobile devices. It was launched by a team of Stanford graduates in 2019, aiming to address the barriers to entry posed by traditional cryptocurrencies that require expensive hardware and substantial energy consumption.
What is Pi Network?
Pi Network allows users to mine Pi tokens using the mobile app, which is available on both Android and iOS platforms. Unlike Bitcoin or Ethereum, where mining requires powerful GPUs or ASIC miners, Pi utilizes the Stellar Consensus Protocol (SCP), which is energy-efficient and accessible. Users are asked to log in daily and press a button to start the mining process, contributing to network security and consensus by engaging socially.
The project has grown significantly, with over 40 million users globally. Despite its massive user base, Pi tokens are not yet listed on major exchanges or tradable outside the ecosystem. The network is still in its "Enclosed Mainnet" phase, with plans to transition to the open mainnet where Pi tokens may be traded.
Should You Buy Pi?
At this stage, Pi tokens are not officially available for trading on any major exchanges. However, speculators and early adopters believe that its value could surge once Pi enters the open market, particularly if the project delivers on its promise of making cryptocurrency accessible to the masses. If you’re confident in the Pi Network’s long-term potential and ambitious goals, holding or acquiring Pi once it’s tradable may be a sound strategy.
Holding Pi: Patience Could Pay Off
If you’ve already accumulated Pi through mining, it may be worth holding onto your tokens. With the expected open mainnet launch, demand for Pi tokens could increase as they become tradable, increasing their potential value. The development team has emphasized that Pi’s value will depend on its utility, such as its use in real-world applications and as part of Pi's broader vision to create a decentralized ecosystem.
Mining Pi: Low Risk, High Potential
Mining Pi is one of the most compelling features of the network—it’s free and accessible to anyone with a smartphone. By logging in and tapping a button daily, users can accumulate Pi tokens with no upfront cost, making it an attractive, low-risk option for those interested in building a cryptocurrency portfolio without heavy financial investment. The downside is that Pi tokens are not yet tradable, so their true value will only be known once the open market begins.
Conclusion
The Pi Network is gaining momentum as the project nears its open mainnet launch. Whether you should buy, hold, or mine Pi largely depends on your belief in the project's future. While buying isn’t an option until the mainnet opens, holding or mining Pi offers low-risk exposure to a potentially revolutionary cryptocurrency. Keep in mind that the project is still in development, and as with all investments, there’s an element of risk. Always do thorough research and consider seeking professional financial advice.
#picoin

亲爱的何一@Yi He ，

首先感谢您对加密行业现状的深刻洞见，特别是关于合规与周期的反思，带给我们全新的思考。

今天，我想针对您最近文章中的一些观点，阐述 $PIIN 代币 @piintoken @PiinNews 的独特价值及其潜力。PIIN不仅能够为币安带来新的用户增长，更重要的是，它有能力跨越Web2与Web3的边界，开启一场前所未有的流量革命。🚀

Web2的流量入口：PIIN，币安吸引新用户的桥梁

在当前的加密生态中，币安正在努力将区块链技术推向大众，而PIIN正是这场变革中最为关键的一环。PIIN并非一个孤立的项目，它源自于全球拥有6000万用户的Pi社区，是这个庞大社区自发创造的MEMEToken/铭文。在这个背景下，PIIN的潜力不可低估。💡

Pi社区的用户多来自Web2世界，他们熟悉互联网和移动端应用，却对区块链技术和加密货币怀有一定距离感🤔。如果PIIN能够上线币安，不仅能帮助币安打破这一障碍，还能将数千万Web2用户顺利引入Web3领域，因为PIIN的根源是6000w的web2社区，成为币安下一个用户增长的爆发点。PIIN上线币安不仅仅是代币经济的创新，更是Web2流量入口的完美契机。

挑战中的机遇：偏见是最大的利润

就像您所提到的那样，市场情绪是投资决策中不可忽视的因素。对于PIIN而言，Pi社区的Web2成员和加密圈内的Web3用户之间的认知差异，正是PIIN最大的优势。偏见常常是市场波动的根源，而情绪差异则是巨大利润的孕育点。如今，大量用户对PIIN存有偏见，而这恰恰提供了币安一个独特的机会：通过引导和整合这场情绪的激荡，币安可以创造一场新的市场变革。⚡️

其次，如果Pi主网顺利上线，并选择不在中华区进行映射，这种差异化的选择必定会引发进一步的情绪出口。而PIIN将成为这个情绪出口的载体，将关注焦点转向币安平台，无数的Web2用户都会进入币安。🔥情绪往往驱动市场，在这场博弈中，PIIN正是撬动情绪与市场的有力杠杆。

铭文生态的未来：PIIN与BTC铭文生态的共生

在您提到的加密行业新风口中，BTC铭文生态的崛起无疑是重要的一环。而PIIN作为早期诞生于铭文生态的代币之一，其与BTC铭文生态的深度联系不容忽视。PIIN已经跨链至Solana解决流动性问题，其流动性依然由社区成员自行添加，目前BRC真实持币地址20495，SOLANA真实持币地址8710，这种去中心化的力量彰显了PIIN的生命力。PIIN的存在不仅是对BTC铭文生态的延续，更为币安带来了在这一领域进一步发展的可能性。币安若能借助PIIN这一独特资产，扩展其在铭文生态中的话语权，必将能够在下一轮行业竞争中依旧遥遥领先。🏆

底层共识：反VC，握拳文化与强大的meme属性

最后，PIIN的独特之处在于它的底层草根共识和社区文化。与众不同的是，PIIN坚决反对VC资本的主导，拥护“握拳文化”，这是一种社区自我治理与反抗资本控制的象征。这样的文化在当前的加密市场中尤为稀缺，它不仅增强了PIIN社区的凝聚力，更为其奠定了长期发展的基础。🔒

同时，PIIN强大的meme属性无疑是其优点之一。在加密市场中，meme不只是娱乐，更是情感与文化的共鸣,PIIN的meme形象是老鹰（熬鹰），象征着坚定不移的意志以及愚公移山的精神。PIIN的meme属性不仅强化了其在社群中的影响力，还为币安带来了更多面向年轻用户的社交入口。这种文化影响力将在未来Web3的竞争中展现出不可估量的价值。🎯

结语：PIIN的未来与币安的全球愿景

何一@@Yi He ，币安始终站在加密世界的前沿，而PIIN所承载的不仅仅是一个代币项目，它是跨越Web2与Web3的桥梁，是情绪的出口，是铭文生态繁荣，是底层草根的希望，也是去中心化文化的象征。我们坚信，PIIN的上线将成为币安拓展用户基础、引领市场情绪、掌控未来生态的关键一环。PIIN值得币安的关注，因为它不仅代表了一个代币，更代表了加密世界的未来，代表了底层草根的希望。✨

期待币安@Yi He 与PIIN携手，共创未来。🌟

所谓星火燎原，草根崛起，风起云涌自成势。
每一个标的背后，都蕴含着坚定的信仰与力量。#piin 社区所代表的不仅仅是底层草根的希望，更是一场自下而上的觉醒与革命。全球 6000万 渴望进入区块链的草根群众，已然从沉默中苏醒，涌现出反对中心化、追求命运自主的强烈精神。
所谓欲与天公试比高，岂甘平凡任人欺。
无论 Pi Network 是否上线主网，$piin已成为社区自治与草根崛起的象征。它代表的不仅是一个代币，更是一种信念——命运由我们掌控，未来由社区塑造。