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Pi Network's Mainnet, Will year 2025 be the Big Launch
Pi Network's Open Mainnet: Will year 2025 be the Big Launch
The Pi Network community has been eagerly waiting for the launch of the Open Mainnet, which promises to make Pi a fully decentralized and user-driven cryptocurrency. As we approach the end of Q3 2024, the big question remains: Will 2025 finally be the year Pi reaches this major milestone?
Recent updates from the Pi Core Team have stirred much discussion, especially with the slow progress in migration. Despite hopes that migrations would speed up, the process has been slower than expected.
Pi Network open mainnet: Progress and Challenges in Migration
In June 2024, the Pi Core Team emphasized the importance of the mainnet node software in transitioning to Open Mainnet. However, progress since then has been slower than many anticipated. Over the last 75 days, only 400,000 new migrations have taken place, bringing the total to 6.2 millionâwell short of the 10 million many had predicted by now.
Despite this slow migration, the Pi developers are not rushing the process. Their focus is on laying a solid foundation, carefully testing the mainnet node software, which is seen as crucial to the success of the Open Mainnet. Given this deliberate approach, it's unlikely they will speed up development anytime soon.
Pi Network Key Issues: Governance and the Whitepaper
One of the biggest challenges still facing the Pi Network is the issue of governance. The community eagerly awaits the expansion of Chapter 3 of the whitepaper, which is expected to cover crucial topics like governance, token supply, and decentralization. Without these key elements in place, moving forward to Open Mainnet would be difficult.
However, there is growing optimism that Pi Network could realistically launch its Open Mainnet in 2025. With Pi Day (March 14th) being a symbolic date for the community, some are hopeful that by December 2024, the Pi Core Team will make an announcement laying the groundwork for a potential Pi Day launch.
While challenges remain, the future looks bright for Pi Network as it continues its journey towards decentralization.
Visit: CoinGabbar
#PiNetworkMainnet #pinetworkupdates #picoin #pinetworknews
The Pi Network community has been eagerly waiting for the launch of the Open Mainnet, which promises to make Pi a fully decentralized and user-driven cryptocurrency. As we approach the end of Q3 2024, the big question remains: Will 2025 finally be the year Pi reaches this major milestone?
Recent updates from the Pi Core Team have stirred much discussion, especially with the slow progress in migration. Despite hopes that migrations would speed up, the process has been slower than expected.
Pi Network open mainnet: Progress and Challenges in Migration
In June 2024, the Pi Core Team emphasized the importance of the mainnet node software in transitioning to Open Mainnet. However, progress since then has been slower than many anticipated. Over the last 75 days, only 400,000 new migrations have taken place, bringing the total to 6.2 millionâwell short of the 10 million many had predicted by now.
Despite this slow migration, the Pi developers are not rushing the process. Their focus is on laying a solid foundation, carefully testing the mainnet node software, which is seen as crucial to the success of the Open Mainnet. Given this deliberate approach, it's unlikely they will speed up development anytime soon.
Pi Network Key Issues: Governance and the Whitepaper
One of the biggest challenges still facing the Pi Network is the issue of governance. The community eagerly awaits the expansion of Chapter 3 of the whitepaper, which is expected to cover crucial topics like governance, token supply, and decentralization. Without these key elements in place, moving forward to Open Mainnet would be difficult.
However, there is growing optimism that Pi Network could realistically launch its Open Mainnet in 2025. With Pi Day (March 14th) being a symbolic date for the community, some are hopeful that by December 2024, the Pi Core Team will make an announcement laying the groundwork for a potential Pi Day launch.
While challenges remain, the future looks bright for Pi Network as it continues its journey towards decentralization.
Visit: CoinGabbar
#PiNetworkMainnet #pinetworkupdates #picoin #pinetworknews
The Grace Period for a Pioneer, that is currently eligible for KYC, begins on July 1, 2024.
They need to submit their first KYC application by September 30, 2024 and will need to migrate to Mainnet before December 31, 2024.
For Pioneers who are not eligible to submit their KYC application, their timer is paused and will resume once they become eligible.
For Pioneers who currently have a Tentative KYC status, their 6-month timer is paused and will resume once the block is resolved.
For Pioneers whose KYC applications are stuck in the KYC process for more than 1 month, their 6-month timer is also paused and will resume once the block is resolved. However, such pauses will be further refined in the future. The timer will only be paused for delays by system reasons. If there is a KYC user-action pending, e.g. resubmission or additional liveness checks, the timer will not be paused. Pioneers should take such required actions as soon as possible within the timer countdown.
For new Pioneers, the Grace Period will be paused until they complete thirty (30) mining sessions (âMinimum Mining Periodâ) and become eligible to apply for KYC. Then, the two deadlines of the Grace Period follow accordingly afterwards. This also applies to new Pioneers who join after the end of 2024.
If a Pioneer takes the pending user-action in the KYC process less than 1 month before the deadline, the timer will automatically top up to 1 month, to allow time for processing and finishing the next steps in KYC and Mainnet migration.
#Pioneersđ«great #PiNetworkMainnet
#pinetworkupdates #PiNetworkkyc
They need to submit their first KYC application by September 30, 2024 and will need to migrate to Mainnet before December 31, 2024.
For Pioneers who are not eligible to submit their KYC application, their timer is paused and will resume once they become eligible.
For Pioneers who currently have a Tentative KYC status, their 6-month timer is paused and will resume once the block is resolved.
For Pioneers whose KYC applications are stuck in the KYC process for more than 1 month, their 6-month timer is also paused and will resume once the block is resolved. However, such pauses will be further refined in the future. The timer will only be paused for delays by system reasons. If there is a KYC user-action pending, e.g. resubmission or additional liveness checks, the timer will not be paused. Pioneers should take such required actions as soon as possible within the timer countdown.
For new Pioneers, the Grace Period will be paused until they complete thirty (30) mining sessions (âMinimum Mining Periodâ) and become eligible to apply for KYC. Then, the two deadlines of the Grace Period follow accordingly afterwards. This also applies to new Pioneers who join after the end of 2024.
If a Pioneer takes the pending user-action in the KYC process less than 1 month before the deadline, the timer will automatically top up to 1 month, to allow time for processing and finishing the next steps in KYC and Mainnet migration.
#Pioneersđ«great #PiNetworkMainnet
#pinetworkupdates #PiNetworkkyc
Have you heard about Pi updated ads in the Fireside forum?
Today, the network is launching the Pi Ad Network prototype, a groundbreaking platform that enables advertisers to showcase their ads within Pi Apps on the Pi Browser. To access ad space, advertisers will need to acquire Pi cryptocurrency. The Pi earned from ad placements will then be distributed to the developers of the apps hosting the ads. This innovative system not only promotes the use of Pi but also incentivizes app development within the Pi ecosystem.
I just earned a token by watching ads. How do you take this new update?
#TrendingTopic #Write2Earn⏠#pinetworkupdates
Today, the network is launching the Pi Ad Network prototype, a groundbreaking platform that enables advertisers to showcase their ads within Pi Apps on the Pi Browser. To access ad space, advertisers will need to acquire Pi cryptocurrency. The Pi earned from ad placements will then be distributed to the developers of the apps hosting the ads. This innovative system not only promotes the use of Pi but also incentivizes app development within the Pi ecosystem.
I just earned a token by watching ads. How do you take this new update?
#TrendingTopic #Write2Earn⏠#pinetworkupdates
