Pi Networkâs Stronghold in South Korea
Despite the surrounding controversy, the cryptocurrency project Pi Network continues to amass users. Not long ago, the team revealed the application had exceeded the milestone of 100 million downloads.
Pi Network has a solid presence in Asia, creating multi-million communities in countries like China, Vietnam, Singapore, India, Japan, and More. As CryptoPotato recently reported, South Korea is another nation where the project has gained huge popularity.
According to Wu Blockchainâs analysis, the number of local Pi Network users has reached 1.34 million, which outnumbers the domestic client base of major crypto exchanges like Binance and Coinbase. In fact, the only two domestic cryptocurrency-related entities having more users are Upbit (4.36 million) and Bithumb (2.24 million).
While the global Pi Network community continues to grow, its native token and open mainnet have yet to see the light of day. The team assured it will set things into motion once 15 million users complete the necessary verifications. Latest data shows that 14 million people have already complied with the rules, with only 1 million left to do so.
Meanwhile, the Pi Core Team previously promised to announce the mainnet open roadmap, which should provide more clarity on when users will be able to buy and sell Pi tokens. It remains to be seen whether the final weeks of 2024 will bring significant developments or if there will be further delays.