Pi2Day 2024 marks a significant milestone for Pi Network—it's the last Pi2Day before we launch the Open Network!
As outlined in the Open Network conditions in December 2023, our path to Open Network depends on the collective efforts of the entire Pi community, including the Core Team, community developers, and all Pioneers. Thanks to the incredible contributions and innovations of the community, we have made great progress and are right on track.
Today’s Pi2Day celebration includes updates on our progress towards meeting Open Network conditions, a review of product updates and releases since Pi Day (March 14, 2024), introductions to new releases, a preview of upcoming initiatives to advance our Open Network goals, and the launch of a community event—a new Pi2Day Open Network Challenge!
First, we are excited to announce that the Pioneer community has now surpassed 60 million engaged Pioneers!
### Open Network Conditions and Status
Today, we provide updates on the progress of our three key conditions for the Open Network.
1. Finish Preparation Work
The Core Team remains on track with technology, product, business, and legal preparations, following the consistent strategies of Pi Network. The majority of this announcement focuses on the progress made and future initiatives in these areas as we move towards Open Network.
2. Meet KYC, Migration, and Utility Creation Goals
When setting our timeline, we established three primary goals driven by community efforts:
- First, 15 million KYC’ed Pioneers: We currently have over 12 million KYC’d Pioneers, up from 9.45 million on March 14, 2024. Many KYC issues have been resolved, facilitating this increase. We expect further acceleration with additional changes and community mobilization initiatives.

- Second, migrate 10 million Pioneers to Mainnet: We now have 5.79 million Pioneers on Mainnet, compared to 4.5 million on March 14, 2024. Changes made and upcoming will continue to accelerate Mainnet migrations. Details will follow later in this post.
- Third, 100 Pi apps: These apps must be on the Mainnet or Mainnet-ready, comply with Pi platform policies, solve a true need, bring utility to the Pi ecosystem, and be distinct applications. We now have over 70 Mainnet or Mainnet-ready Pi apps that meet these criteria, up from 50 on March 14, 2024.
3. No Unfavorable External Environment
We control the Open Network launch date to avoid launching during unfavorable global conditions that could impact the crypto and traditional business ecosystems. While we don’t foresee any such events currently, we remain vigilant to ensure the best timing for our launch.
### Tech & Product Progress Towards Open Network
Since the Pi Day announcement, the Core Team has focused on advancing Open Network preparations, prioritizing KYC, Mainnet migrations, Nodes, and other initiatives like growth and post-migration lockups. Efforts to build utility and a strong community through Pioneer connections, social features, and community events have also continued. These align with the goals of achieving a critical mass of verified Pioneers on Mainnet, completing Open Network preparations, and diversifying Pi cryptocurrency utilities.
Read on to learn more and engage with the new updates available to you!
This tech and product update focuses on visible, relevant, and interesting features and work items for Pioneers, although it omits much backend work that remains crucial.
KYC
The Core Team has developed several methods to assist Pioneers in passing KYC at various stages of the application, validation, and approval processes.
#PiNetworkMainnet #PiNetworkkyc #pinetworkupdates

In today's digital age, cryptocurrencies have emerged as a revolutionary force, reshaping the landscape of finance and technology. From Bitcoin to Ethereum and beyond, these digital assets offer a decentralized alternative to traditional currencies and promise to empower individuals with financial freedom like never before. If you're intrigued by the potential of cryptocurrencies but unsure where to begin, fear not – this comprehensive guide is here to demystify the world of digital currency and equip you with the knowledge needed to embark on your crypto journey.
Understanding Cryptocurrencies:
Cryptocurrencies are digital or virtual currencies secured by cryptography, making them resistant to counterfeiting and fraud. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks, commonly referred to as blockchain technology. This distributed ledger system ensures transparency and security by recording transactions across a network of computers, eliminating the need for intermediaries like banks.
How Cryptocurrencies Work:
At the heart of cryptocurrencies lies blockchain technology, a decentralized ledger that stores transaction data in blocks linked together in a chronological chain. When a transaction occurs, it is verified by network nodes through a process known as mining, where complex mathematical puzzles are solved to validate and record the transaction on the blockchain. Miners are rewarded with newly minted coins for their efforts, incentivizing them to maintain the integrity of the network.
Exploring Key Cryptocurrencies:
Bitcoin, the pioneering cryptocurrency created by the mysterious Satoshi Nakamoto in 2009, remains the undisputed leader in the world of digital assets. Its decentralized nature and limited supply have fueled its rise as a store of value and medium of exchange. Ethereum, on the other hand, has gained prominence for its smart contract functionality, enabling developers to build decentralized applications (DApps) on its blockchain. Meanwhile, Binance Coin (BNB) has emerged as a utility token within the Binance ecosystem, offering users discounted trading fees and other benefits.
Getting Started with Cryptocurrency:
To begin your journey into the world of cryptocurrencies, you'll need to set up a digital wallet to store your coins securely. Wallet options range from software wallets that run on your computer or mobile device to hardware wallets that offer enhanced security through offline storage. Once you have a wallet, you can purchase cryptocurrencies through reputable exchanges like Binance, which offer a user-friendly interface and a wide range of digital assets to choose from.
Navigating the Risks and Rewards:
While cryptocurrencies offer exciting opportunities for financial innovation and investment, they also come with inherent risks. Price volatility, regulatory uncertainty, and security vulnerabilities are just a few of the challenges facing crypto investors. It's essential to conduct thorough research and exercise caution when investing in cryptocurrencies, diversifying your portfolio and staying informed about market trends and developments.
Conclusion:
Armed with knowledge and a sense of adventure, you're now poised to embark on your cryptocurrency journey. Whether you're intrigued by the potential for high returns or simply curious about the future of finance, cryptocurrencies offer a world of possibilities for those willing to explore. By staying informed, exercising caution, and embracing the spirit of innovation, you can unlock the power of cryptocurrencies and chart your course towards financial empowerment in the digital age.
#Write2Earn! #Cryptocurrency #

DePIN, or Decentralized Physical Infrastructure Network, has emerged as a burgeoning trend within the cryptocurrency sphere. But what exactly is DePIN, and which projects stand out in 2024? Let's delve into the details together.

Understanding DePIN:
DePIN encompasses projects that construct blockchain networks serving as intermediaries connecting infrastructure providers like vehicles, VPNs, bandwidth, and customers. This decentralized model mirrors Uber's operational structure, where drivers offer transportation services and the platform connects them with riders, earning a transaction fee in the process. However, DePIN distinguishes itself through blockchain technology, ensuring transparent and third-party-free transactions.
DePIN Infrastructure:
DePIN projects are categorized into Physical Resource Networks (PRNs) and Digital Resource Networks (DRNs). PRNs entail hardware-related infrastructure like WiFi hotspots, 5G networks, and vehicle services. On the other hand, DRNs encompass data-related infrastructure such as bandwidth, storage, and VPN services.
Operational Mechanism:
Based on the Internet of Things (IoT) concept, DePIN employs blockchain and cryptocurrency to facilitate the creation and maintenance of physical networks globally without reliance on intermediaries. Its operation typically involves four components: physical infrastructure, off-chain computing infrastructure, token incentives, and end users.
Advantages of DePIN:
DePIN offers numerous advantages over traditional infrastructure models, including decentralization, a sharing economy model, affordability, lack of permissions, and expansion of market innovation. Moreover, it promotes cryptocurrency adoption by incentivizing contributors with crypto rewards.
Challenges:
Despite its potential, DePIN faces challenges such as unattractive incentive models, infrastructure deployment and maintenance time, and competition with Web2 giants like Google and Amazon.
Top 5 Notable DePIN Projects in 2024:
1. Filecoin (FIL): A blockchain facilitating decentralized data storage.
2. Render Network (RNDR): Utilizes Ethereum to offer cloud rendering services.
3. Storj (STORJ): Provides decentralized cloud storage services.
4. Theta Network (THETA): A decentralized network enhancing content distribution.
5. IoTeX (IOTX): Addresses IoT industry challenges using blockchain technology.
Where to Buy DePIN Project Tokens:
Tokens of these projects are available on major exchanges like Binance and OKX.
Conclusion:
DePIN represents a promising frontier in infrastructure development, offering fairness, efficiency, and benefits for all stakeholders. As technological advancements continue, DePIN is poised to revolutionize data storage, computing, and various industries, paving the way for widespread cryptocurrency adoption.
In conclusion, DePIN not only presents short-term growth opportunities but also fosters long-term mass adoption of cryptocurrencies. So, whether you're researching or investing, DePIN projects hold considerable potential for the future.
#Write2Earn! #DEPiN #Megadrop $BTC $ETH $BNB