#NewCryptoProjects #picoin
Pi coin, one of the most anticipated crypto projects, is gearing up for its mainnet launch, possibly in December 2024 or the first quarter of 2025.
Pi developers are working to transition the network to the Open Network, which will allow pioneers to convert their tokens into fiat currencies.
As part of this transition, they are focusing on two key aspects. First, they are conducting Know Your Customer verification for millions of pioneers, a process they hope will eliminate bots.
There are signs that more pioneers—or Pi miners—are joining the network to complete the verification process. In a statement on Oct. 16, the developers requested more validators to join the network and reduce the wait time. These validators are rewarded in Pi coin, which they can eventually convert to fiat currencies.