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Pi Network Updates: Preparing for the Open Network
Introduction
The Pi Network has been making significant strides in its journey towards becoming a fully operational decentralized network. As we approach the year 2024, the Pi Core Team is diligently working to achieve several critical milestones. In this article, we'll explore the recent updates, the roadmap, and the conditions necessary for the Pi Network to transition to the Open Network phase.
Recent Progress:
Since Pi2Day (June 28th, 2022), the Pi Core Team has made substantial progress in building the necessary infrastructure and components for the Mainnet migration. Let's delve into the key areas of development:
1. Mainnet Preparation
The Pi Core Team has been actively working on the technical and product aspects required for the Mainnet launch. This includes:
- Technology: The team is finalizing technical preparations, ensuring that the network is robust, secure, and scalable.
- Product: Improvements to the Pi Network mobile mining app are underway. The onboarding experience for new users will be streamlined, featuring a simplified registration process and a more user-friendly interface⁴.
2. Network KYC and Migration
The success of the Pi Network relies on achieving critical mass in network KYC (Know Your Customer) verification and seamless migration to the Mainnet. Here are the specific targets:
- KYC Verification: The goal is to have 15 million Pioneers pass KYC, including both fully and tentatively verified accounts.
- Migration: At least 10 million Pioneers should migrate to the Mainnet, ensuring a robust user base for the Pi ecosystem.
3. Utility Creation
The Pi Network aims to create a vibrant ecosystem with real-world utility. To achieve this, the following targets have been set:
- Real Pi Apps: The network aims to have 100 real Pi apps that meet specific criteria:
- These apps must be on the Mainnet or Mainnet-ready.
- They should comply with Pi platform policies.
- Each app should address a genuine need and bring utility to the Pi ecosystem.
- Clones of existing apps won't count; distinct applications are essential¹.
Conditions for Open Network in 2024
The transition to the Open Network phase is contingent upon meeting the following three essential conditions:
1. Preparation Work: The Pi Core Team must complete all preparation work related to technology, product, business, and legal aspects. The V2 Roadmap outlines most technical and product milestones, while business and legal work remains ongoing.
2. Network KYC and Migration Goals: Achieving the specified targets for KYC verification and Pioneer migration is crucial. These goals ensure a strong foundation for the Pi ecosystem.
3. Utility Milestones: The creation of real Pi apps that enhance utility within the ecosystem is vital. These apps should solve real-world problems and contribute to Pi's vision of inclusivity and peer-to-peer interaction¹.
Conclusion
As we look ahead to 2024, the Pi Network community, developers, and the Core Team continue their collective efforts. The journey towards an open, decentralized network remains exciting, and Pi's vision of empowering users worldwide through cryptocurrency and utility is gradually becoming a reality.
Stay tuned for further updates as the Pi Network progresses towards its Open Network phase! 🚀🌟
References:
1. [Pi Network Blog: 2024 Update](https://minepi.com/blog/mainnet2024/)
2. [CoinCodex: Pi Network Launch Date & News](https://coincodex.com/article/32026/pi-network-launch-date/)
3. [Pi Network Blog: 2022 End of Year Updates](https://minepi.com/blog/tech-product-update-2022-h2/)
4. [BSC.News: Pi Network 2023 Roadmap](https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality)
Disclaimer: The information provided in this article is based on publicly available sources and official announcements. Readers are encouraged to verify details directly from the Pi Network's official channels.
#PiNetworkMainnet #picoinsell #picoinsell
Source: Conversation with Copilot, 12/07/2024
(1) Pi 2022 End of Year Updates | Pi Network. https://minepi.com/blog/tech-product-update-2022-h2/.
(2) 2024 Update | Pi Network. https://minepi.com/blog/mainnet2024/.
(3) Pi 2022 End of Year Updates | Pi Network. https://bing.com/search?q=PI+network+updates.
(4) What Is Pi Network? Launch Date & News | CoinCodex. https://coincodex.com/article/32026/pi-network-launch-date/.
(5) Pi Network 2023 Roadmap: Speculation or Reality? - bsc.news. https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality.
The Pi Network has been making significant strides in its journey towards becoming a fully operational decentralized network. As we approach the year 2024, the Pi Core Team is diligently working to achieve several critical milestones. In this article, we'll explore the recent updates, the roadmap, and the conditions necessary for the Pi Network to transition to the Open Network phase.
Recent Progress:
Since Pi2Day (June 28th, 2022), the Pi Core Team has made substantial progress in building the necessary infrastructure and components for the Mainnet migration. Let's delve into the key areas of development:
1. Mainnet Preparation
The Pi Core Team has been actively working on the technical and product aspects required for the Mainnet launch. This includes:
- Technology: The team is finalizing technical preparations, ensuring that the network is robust, secure, and scalable.
- Product: Improvements to the Pi Network mobile mining app are underway. The onboarding experience for new users will be streamlined, featuring a simplified registration process and a more user-friendly interface⁴.
2. Network KYC and Migration
The success of the Pi Network relies on achieving critical mass in network KYC (Know Your Customer) verification and seamless migration to the Mainnet. Here are the specific targets:
- KYC Verification: The goal is to have 15 million Pioneers pass KYC, including both fully and tentatively verified accounts.
- Migration: At least 10 million Pioneers should migrate to the Mainnet, ensuring a robust user base for the Pi ecosystem.
3. Utility Creation
The Pi Network aims to create a vibrant ecosystem with real-world utility. To achieve this, the following targets have been set:
- Real Pi Apps: The network aims to have 100 real Pi apps that meet specific criteria:
- These apps must be on the Mainnet or Mainnet-ready.
- They should comply with Pi platform policies.
- Each app should address a genuine need and bring utility to the Pi ecosystem.
- Clones of existing apps won't count; distinct applications are essential¹.
Conditions for Open Network in 2024
The transition to the Open Network phase is contingent upon meeting the following three essential conditions:
1. Preparation Work: The Pi Core Team must complete all preparation work related to technology, product, business, and legal aspects. The V2 Roadmap outlines most technical and product milestones, while business and legal work remains ongoing.
2. Network KYC and Migration Goals: Achieving the specified targets for KYC verification and Pioneer migration is crucial. These goals ensure a strong foundation for the Pi ecosystem.
3. Utility Milestones: The creation of real Pi apps that enhance utility within the ecosystem is vital. These apps should solve real-world problems and contribute to Pi's vision of inclusivity and peer-to-peer interaction¹.
Conclusion
As we look ahead to 2024, the Pi Network community, developers, and the Core Team continue their collective efforts. The journey towards an open, decentralized network remains exciting, and Pi's vision of empowering users worldwide through cryptocurrency and utility is gradually becoming a reality.
Stay tuned for further updates as the Pi Network progresses towards its Open Network phase! 🚀🌟
References:
1. [Pi Network Blog: 2024 Update](https://minepi.com/blog/mainnet2024/)
2. [CoinCodex: Pi Network Launch Date & News](https://coincodex.com/article/32026/pi-network-launch-date/)
3. [Pi Network Blog: 2022 End of Year Updates](https://minepi.com/blog/tech-product-update-2022-h2/)
4. [BSC.News: Pi Network 2023 Roadmap](https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality)
Disclaimer: The information provided in this article is based on publicly available sources and official announcements. Readers are encouraged to verify details directly from the Pi Network's official channels.
#PiNetworkMainnet #picoinsell #picoinsell
Source: Conversation with Copilot, 12/07/2024
(1) Pi 2022 End of Year Updates | Pi Network. https://minepi.com/blog/tech-product-update-2022-h2/.
(2) 2024 Update | Pi Network. https://minepi.com/blog/mainnet2024/.
(3) Pi 2022 End of Year Updates | Pi Network. https://bing.com/search?q=PI+network+updates.
(4) What Is Pi Network? Launch Date & News | CoinCodex. https://coincodex.com/article/32026/pi-network-launch-date/.
(5) Pi Network 2023 Roadmap: Speculation or Reality? - bsc.news. https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality.
*Trump Now Accepts Bitcoin Donations, Making Good on Crypto Promise*
Former President Donald Trump, seeking a second term, now accepts cryptocurrency donations through his official website powered by Coinbase. This move is significant as it is the first by a major party Presidential nominee. Trump's campaign accepts various cryptocurrencies beyond popular ones like Bitcoin and Ethereum, including meme coins like Shiba Inu and XRP. Despite past skepticism, Trump has embraced crypto, launching NFTs in 2022 and recently expressing support. His stance is impacting the digital asset market, potentially influencing SEC approval for spot Ethereum ETFs.
Donald J. Trump's presidential campaign now accepts crypto donations, marking him as the first major party candidate to do so. Trump aims to gather a "crypto army" in response to Senator Elizabeth Warren's anti-crypto stance. The move contrasts with Joe Biden's administration's negative view on crypto, potentially influencing Democrats' approach to upcoming crypto legislation.
#TrumpCryptoSupport
#pizzaday
#PiNetworkMainnet
SAmsung TOSHIba NAKAmichi MOTOrola
Former President Donald Trump, seeking a second term, now accepts cryptocurrency donations through his official website powered by Coinbase. This move is significant as it is the first by a major party Presidential nominee. Trump's campaign accepts various cryptocurrencies beyond popular ones like Bitcoin and Ethereum, including meme coins like Shiba Inu and XRP. Despite past skepticism, Trump has embraced crypto, launching NFTs in 2022 and recently expressing support. His stance is impacting the digital asset market, potentially influencing SEC approval for spot Ethereum ETFs.
Donald J. Trump's presidential campaign now accepts crypto donations, marking him as the first major party candidate to do so. Trump aims to gather a "crypto army" in response to Senator Elizabeth Warren's anti-crypto stance. The move contrasts with Joe Biden's administration's negative view on crypto, potentially influencing Democrats' approach to upcoming crypto legislation.
#TrumpCryptoSupport
#pizzaday
#PiNetworkMainnet
SAmsung TOSHIba NAKAmichi MOTOrola
here's some information on #Pi Network. #PiNetworkMainnet is a relatively new cryptocurrency project that aims to create a decentralized and user-friendly digital currency. What sets Pi Network apart is its focus on accessibility and inclusivity, allowing users to mine Pi coins using their smartphones without draining battery or data. The project emphasizes building a community-driven network where users can earn Pi coins by contributing to the network's security and development. Pi Network is still in its early stages, and the value of Pi coins is not yet tradable on major exchanges. However, the project has attracted a large user base due to its innovative approach and user-friendly mining process. As with any cryptocurrency investment, it's important to exercise caution and conduct thorough research before getting involved with Pi Network. Keep an eye on the project's developments and community engagement to stay informed about the potential opportunities and risks associated with Pi Network. Overall, Pi Network offers an intriguing concept in the cryptocurrency space, aiming to make digital currency more accessible to a broader audience.
We (Pi Network Pioneers) almost reach the finish line
Pi Mining Speed Decreased Too Deeply:
0.0067 Reduced to 0.0043 base speed
36% off 🔥
Can mine about 3.1 Pi/month#bitcoin #Memecoins #BullorBear #PIWorld #PiNetworkMainnet
Pi Mining Speed Decreased Too Deeply:
0.0067 Reduced to 0.0043 base speed
36% off 🔥
Can mine about 3.1 Pi/month#bitcoin #Memecoins #BullorBear #PIWorld #PiNetworkMainnet
🙋🙋hello attention please 👀
In my previous post, some doubted the legitimacy of PiNetwork, but I assure you it's not a scam. Based on information from the White Paper, PiNetwork is designed to be more cost-effective and environmentally friendly than Bitcoin. It offers greater scalability compared to many earlier cryptocurrencies. While some cryptos have scalability, PiNetwork stands out with its pre-built ecosystem boasting millions of users even before its launch. Unlike other projects that might just aim to exist or take advantage of people, PiNetwork is genuine. Despite some impatience among users, there's no evidence of PiNetwork being a scam. It's better to be part of a project that prioritizes thoroughness over rushing and potentially losing trust. Patience will be rewarded; PiNetwork is set to be amazing. #PiNetworkMainnet #Picoins #pinetworkupdates
$BTC
$ETH
$SOL
In my previous post, some doubted the legitimacy of PiNetwork, but I assure you it's not a scam. Based on information from the White Paper, PiNetwork is designed to be more cost-effective and environmentally friendly than Bitcoin. It offers greater scalability compared to many earlier cryptocurrencies. While some cryptos have scalability, PiNetwork stands out with its pre-built ecosystem boasting millions of users even before its launch. Unlike other projects that might just aim to exist or take advantage of people, PiNetwork is genuine. Despite some impatience among users, there's no evidence of PiNetwork being a scam. It's better to be part of a project that prioritizes thoroughness over rushing and potentially losing trust. Patience will be rewarded; PiNetwork is set to be amazing. #PiNetworkMainnet #Picoins #pinetworkupdates
$BTC
$ETH
$SOL
Pi is a family affair!
Pi will benefit the whole family. It will be here for single individuals, parents and the whole family. Grandparents are members as well as Grandchildren. It’s truly a family affair. All will reap the benefits of Pi.🔥🥰🔥
#PiNetworkMainnet #PIWorld #PIAFRICAN
Pi will benefit the whole family. It will be here for single individuals, parents and the whole family. Grandparents are members as well as Grandchildren. It’s truly a family affair. All will reap the benefits of Pi.🔥🥰🔥
#PiNetworkMainnet #PIWorld #PIAFRICAN
"Join the Pi digital currency community, founded by Stanford PhDs and already consisting of over 55 million members globally! To claim your Pi, simply click this link: https://minepi.com/bhagirath2025 and enter my username (bhagirath2025) as your referral code. Don't miss out on this innovative opportunity!"
#PiNetwork
#pi
#PiNetworkMainnet
#NewCryptocurrencies
#PiNetwork
#pi
#PiNetworkMainnet
#NewCryptocurrencies
My Analysis on BTC is that we clearly see bears are continuously active and with FED news we clearly see that BTC is slowly going to 50500 to 52000 because there is a major demand there and also 200 moving average act as a support there . BTC is breakdown 61000 support and act as a resistance to
#write2earn🌐💹
#TechnicalAnalys
#PiNetworkMainnet
#write2earn🌐💹
#TechnicalAnalys
#PiNetworkMainnet
Pi will lead the decentralized web3 frontier and enable ordinary people to become rich through hard work and turn their lives around!
pi将引领分散的web3前沿，让普通人勤劳致富而翻身！
The end of an era is always the rise of another era! The era belonging to the faction has already begun to succeed, which may be later, but also safer and more stable for a longer time
#PiNetworkMainnet #PIWorld
pi将引领分散的web3前沿，让普通人勤劳致富而翻身！
The end of an era is always the rise of another era! The era belonging to the faction has already begun to succeed, which may be later, but also safer and more stable for a longer time
#PiNetworkMainnet #PIWorld
#Simpsons already shown #Pi in their show, What do you guys think about this?
#I♥️Pi #EarnFreeCrypto2024 #PiNetworkMainnet
#I♥️Pi #EarnFreeCrypto2024 #PiNetworkMainnet
#As of June 2024, the price of Pi Network (PI) is approximately $40, although it fluctuates depending on the exchange. For instance, on CoinW, it trades at $41.07, while on BitMart, it’s around $37.20.
To convert Pi Network (PI) tokens to USD, follow these general steps:
1. **Select a Crypto Exchange**: Choose a reputable cryptocurrency exchange that lists PI tokens, such as HTX, BitMart, or CoinW.
2. **Create an Account**: Register on the selected exchange and complete any required identity verification processes.
3. **Deposit PI Tokens**: Transfer your PI tokens from your Pi Network wallet to your exchange wallet.
4. **Sell PI Tokens**: Once the tokens are deposited, you can place a sell order for PI/USDT (Tether) or another supported trading pair.
5. **Withdraw USD**: After selling your PI tokens for USDT, you can convert USDT to USD and withdraw it to your bank account, if the exchange supports USD withdrawals.
Keep in mind that Pi Network is currently in its "Enclosed Mainnet" phase, meaning trading PI tokens on exchanges is not officially supported by the Pi Network team and is considered unauthorized. This situation could lead to potential risks, such as loss of tokens or encountering fraudulent platforms.
Always ensure you are using reliable and secure platforms for any cryptocurrency transactions and stay updated with official announcements from Pi Network.
#PiNetworkMainnet #PiNetworkkyc #Write2earn
To convert Pi Network (PI) tokens to USD, follow these general steps:
1. **Select a Crypto Exchange**: Choose a reputable cryptocurrency exchange that lists PI tokens, such as HTX, BitMart, or CoinW.
2. **Create an Account**: Register on the selected exchange and complete any required identity verification processes.
3. **Deposit PI Tokens**: Transfer your PI tokens from your Pi Network wallet to your exchange wallet.
4. **Sell PI Tokens**: Once the tokens are deposited, you can place a sell order for PI/USDT (Tether) or another supported trading pair.
5. **Withdraw USD**: After selling your PI tokens for USDT, you can convert USDT to USD and withdraw it to your bank account, if the exchange supports USD withdrawals.
Keep in mind that Pi Network is currently in its "Enclosed Mainnet" phase, meaning trading PI tokens on exchanges is not officially supported by the Pi Network team and is considered unauthorized. This situation could lead to potential risks, such as loss of tokens or encountering fraudulent platforms.
Always ensure you are using reliable and secure platforms for any cryptocurrency transactions and stay updated with official announcements from Pi Network.
#PiNetworkMainnet #PiNetworkkyc #Write2earn
Are you a web3 app developer ?????
In case you don't know , there's a chance of winning 10,000 Pi
Then, what are you waiting for!!??????
I invite you to start mining⛏️⛏️⛏️⛏️⛏️ Pi today through your mobile phone
Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link https://minepi.com/Memywifemychildren and use my username (Memywifemychildren) as your invitation code.
REMEMBER MY INVITATION CODE
👇👇👇👇👇👇👇
Memywifemychildren #Memecoins #Metaverse #bitcoin #pinetwork #PiNetworkMainnet
$BTC $BNB $BONK
In case you don't know , there's a chance of winning 10,000 Pi
Then, what are you waiting for!!??????
I invite you to start mining⛏️⛏️⛏️⛏️⛏️ Pi today through your mobile phone
Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link https://minepi.com/Memywifemychildren and use my username (Memywifemychildren) as your invitation code.
REMEMBER MY INVITATION CODE
👇👇👇👇👇👇👇
Memywifemychildren #Memecoins #Metaverse #bitcoin #pinetwork #PiNetworkMainnet
$BTC $BNB $BONK
