If you want to do something in life. Then you give less happiness to life. The more hard work, the more results with intelligence. So hard-work should be done in the right place at the right place.

The network has reached over 11.1 million KYC'd Pioneers and over 5.58 million Mainnet Migrated Pioneers! Through collective efforts, we’re progressing towards the Open Network goals. Keep in mind that the progress is not linear and has been accelerating historically. With recent and upcoming upgrades, such as multiple liveness checks and migration optimization, along with more actions from the community, the speed should further increase. Act now to complete your Mainnet Checklist to join the millions of Pioneers already on the Mainnet
#pi #PiNetworkkyc #pinews24

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RUMOUR: Pi Network Set To Launch Open Mainnet On June 28th, 2024: 10 Essential Steps Leading To The Event

Pi Network, a promising project in the cryptocurrency space, is rumored to be on the brink of launching its open Mainnet on June 28th, 2024. This eagerly awaited event represents a significant stride towards the project’s overarching goal of democratizing access to financial services globally. As the anticipated date approaches, here are ten crucial steps that Pi Network must undertake to ensure a successful Mainnet launch.

1. Core Protocol Development:
Finalizing the development and rigorous testing of the core protocol is paramount. This includes perfecting consensus algorithms, fortifying security measures, and optimizing network performance to accommodate substantial transaction volumes efficiently.

2. Security Audits:
Conducting thorough security audits is imperative to identify and address any vulnerabilities within the network’s code and infrastructure. External audits by reputable firms serve to bolster the Mainnet’s resilience against potential threats and attacks.

3. Network Stress Testing:
Rigorous stress testing is conducted to validate the Mainnet’s capacity to handle anticipated user activity levels. Simulating high transaction volumes and concurrent user interactions aids in assessing network scalability and addressing potential bottlenecks.

4. Bug Bounty Programs:
Engaging the community through bug bounty programs incentivizes users and security experts to contribute to network security by identifying and reporting vulnerabilities, further fortifying the Mainnet’s defenses.

5. Wallet Development:
The development and testing of a secure and user-friendly wallet interface are pivotal. Ensuring seamless integration with the Mainnet, along with features like secure storage and intuitive functionality, is essential for user adoption.

As the launch of Pi Network‘s Mainnet approaches, the Core Team is actively addressing the crucial issue of Know Your Customer (KYC) verification. With a significant number of pioneers yet to receive KYC invitations, concerns have arisen regarding the fate of their mined PiCoins, which risk being burned in accordance with the project’s white paper stipulations.

Recognizing the urgency of implementing a robust KYC solution, the Core Team has outlined three key priorities aimed at streamlining the verification process and ensuring compliance with regulatory requirements. These priorities, as identified by the Core Team, are as follows:

1. Simultaneous large-scale KYC qualification: To expedite the KYC process and accommodate the vast number of pioneers awaiting verification, the Core Team is exploring methods for simultaneously qualifying a large volume of users. This approach aims to minimize delays and ensure timely access to the Mainnet for all eligible participants.

2. KYC stand-by status re-approval procedure: In order to address any discrepancies or updates required for KYC approvals, the Core Team is implementing a stand-by status re-approval procedure. This procedure will enable pioneers to rectify any issues with their KYC submissions and ensure that they meet the necessary verification criteria.

3. Introduction of verification alarm system: To enhance transparency and communication with pioneers, the Core Team is introducing a verification alarm system. This system will notify users of any updates or actions required regarding their KYC status, ensuring that they remain informed throughout the verification process.
#Wrtite2Earn #pinetworkupdates

Why will Pi Cryptocurrency definitely Open the mainnet in 2024?

1. Will integrate Smart Contract from Stellar v20, QFS, ISO20022.
2. Stable development of Pi Browser infrastructure.
3. Application ecosystem running mass mainnet.

June 28, 2024 or January 1, 2025?
#PiNetwork #pinetworkupdates

Is it possible for #OEX to launch with a price of $2.5?

NO YES
👇 👇

Since its inception, Pi Network has garnered significant attention and anticipation for its promise of creating a decentralized network accessible to all. However, recent developments suggest that the project may be facing hurdles on its roadmap, particularly concerning the launch of its open mainnet.

Initially, Pi Network launched its enclosed mainnet in December 2021, marking a significant milestone in its development journey. This phase restricted network access to early adopters and isolated users from external communication—a necessary step in laying the groundwork for the network’s expansion.

According to the project’s roadmap, Pi aimed to transition from the enclosed mainnet to an open mainnet between March and June 2022. However, as of February 2024, Pi has yet to achieve this milestone, leading to growing concerns among users and investors alike.

Reports indicate that the delay in the open mainnet launch is primarily attributed to ongoing issues with Know Your Customer (KYC) verification processes. Many users have reported experiencing difficulties with their KYC applications, with some expressing frustration over prolonged delays and lack of communication from the Pi team.

The inability to resolve these KYC verification issues has not only impeded progress toward the open mainnet launch but has also eroded user confidence in the project’s ability to deliver on its promises. With no clear timeline provided for addressing these concerns, uncertainty looms over Pi Network’s future trajectory.

In response to mounting user complaints and queries regarding the status of KYC applications, the Pi team has remained relatively silent, failing to provide adequate updates or reassurance to its community. This lack of transparency has only exacerbated frustrations among users, further underscoring the importance of effective communication in project development.

🎨 OGC Creative Contest with a prize pool of 1 000 000 OGC!

Hey, OGs! We're launching an OGCommunity creative contest! Create videos, reviews, memes, GIF, etc. to share the prize pool of 1 000 000 OGC!

⏳ 01.04 we'll finalize the results of the contest

Everyone can show their talent, because we have 3 nominations:
➡ Best OGCommunity reviews on YouTube
➡ Best short videos (YouTube Shorts, Reels, TikTok)
➡ Creativity from OGCommunity members: stickers, memes, gifs, AI-art, a song. Anything!

✅ Guides with examples and detailed information are available at the links:
YouTube Reviews | Short Videos | Creativity

✅ To enter the contest, submit your work to the Google Form:https://forms.gle/i7Kc9pfx3QgenVnx5

IMPORTANT: If you want to participate in multiple nominations or you have multiple works, just fill this form multiple times.

Read more about OGC Creative Contest in last blog article

✉Channel ✉Chat *⃣ Linktr.ee ❌Twitter

It has been one week since the bitcoin spot ETF began trading.

The big surprise to many is that bitcoin’s price has traded down despite billions of dollars flowing into the various ETFs.

How could that have happened?

There are two main reasons in my opinion — first, investors across the market had built up anticipation of the ETF approvals.

This led the asset to rise from around $27,000 in mid-October to ~$45,000 earlier this month.

Whenever you get this type of rapid appreciation, it is likely that the market will sell the news.

That is exactly what happened here.

Investors took profits after their speculation was confirmed.

“Buy the rumor, sell the news” has not been the only culprit though.

There have been billions of dollars flowing out of Grayscale’s GBTC also, which is putting significant sell pressure on the bitcoin price. Bloomberg’s Eric Balchunas shared this visual to highlight more than $2 billion leaving the world’s largest bitcoin fund.
This is happening because Grayscale’s management fee only dropped to 1.5% from the previous 2%. While the 25% drop may seem significant, the other ETFs are competing with sub-0.50% management fees.
Simply, Grayscale is the most expensive fund based on fees.
Why would they leave their fee so high?
The asset management firm is betting that majority of the capital will not leave the fund.
The current market cap is over $25 billion, so less than 10% of the capital has left in the first week, which probably signals that more than 50% of the fund will stay and continue to pay a 1.5% management fee.
If that is the case, Grayscale will still pull in ~ $225 million annually without any increase in bitcoin’s price.
Not a bad business.
This nuance around Grayscale and the sell pressure in the market highlights an important development — the dynamics of the bitcoin market are changing because the holder base is changing.

Remember that if the most money could be earned by studying, then it is unrealistic that teachers in this world would be richer. Time and opportunity do not come again and again. Be active from today

To get success in life, you have to make space for yourself, no one will make space for you.