The transition is not just atechnical upgrade; it represents a significant step towards the integration ofPi in everyday transactions and its widespread adoption in the global digitaleconomy. The working group argued that over 13 million people have already passed Know-Your-Customer (KYC) procedures, whereas more than six million have migrated to the mainnet. It also set September 30, 2024, as a deadline for users to complete their KYC verification and transition to the mainnet. Whether you’re a seasoned crypto enthusiast or a newcomer, the Pi Network offers endless opportunities to connect and grow. Get FREE Pi and start your journey today by downloading the app at minepi.com/mitrakmt and entering the referral code mitrakmt during registration. Discover the transformative potential of the Pi Network, a revolutionary cryptocurrency platform designed for accessibility, sustainability, and community.
Also, let me offer a word of caution if you’re considering buying these IOUs while waiting for the launch date. This type of investment is highly speculative and comes with significant risks. There’s no guarantee that Pi will gain or even retain the value represented by the IOUs after it goes live. Well, you see, what you’re seeing on those platforms isn’t the real Pi coin. As mentioned, the network’s mainnet isn’t open to the public yet, which means that the coin isn’t available for use outside of its own ecosystem.
Delays due to migration hiccups or unforeseen challenges from the team could still push the launch further. So far, over 18 million “pioneers” have completed KYC, but only 9 million have successfully migrated to the mainnet. That leaves a gap of 1 million users to reach the network’s 10 million migration goal. It is safe to assume that the community of Pi Network is eagerly waiting for a groundbreaking development that could come at any time now. After all, 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 in December.
You can purchase the required cryptocurrency on a major exchange platform, such as Binance, for fiat money. Let’s assume that you’ll need BNB coins – they can be bought very easily via the aforementioned method. A few Google searches might quickly form this idea that not only is Pi coin listed on a couple of major exchange platforms (HTX being one of them), but it also has a fluctuating price tag attached to it, as well. Designating cryptocurrency as a national currency remains a complex and controversial issue. While the U.S. has not yet taken this step, Trump’s executive order represents the most significant policy shift in U.S. crypto history.
Developers can create apps that accept Pi as payment, from e-commerce platforms to digital services. Since December 2021, Pi has operated on its Mainnet blockchain in an “enclosed” period. During this phase, users must complete know your customer verification to transfer their mined Pi to the blockchain. The project plans to remove these restrictions in its “open network” phase, allowing full external connectivity. As with any investment, cryptocurrencies, including Pi Network, come with intrinsic risks.
