Pi Network, a crypto project introduced in 2019, has been making waves in the industry by offering users the opportunity to mine and earn digital assets directly from their mobile devices. The project aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation as an alternative to traditional Proof-of-Work (PoW) algorithms.
Progress Towards Mainnet Deployment
Despite Pi Network’s growing user base and migration to the mainnet, there is still uncertainty surrounding the exact launch date of the native token and open mainnet. The team recently announced that over 13 million users have completed Know-Your-Customer (KYC) procedures, with more than six million already transitioning to the mainnet. The team emphasized the importance of meeting the September 30, 2024 deadline for KYC verification and migration to the mainnet.
Upcoming Talk Show and Discussion
To shed more light on the progress and future plans of Pi Network, PiBridge, a decentralized financial platform bridging Pi Network and other blockchain networks, will be hosting a talk show on August 30. The discussion will be led by key figures in the Pi Network community, including Victor Nguyen (CEO of PiBridge), Woody Lightyear (Founder of Pi Revolution), Wesley Rocha (Marketing Manager of Teltlk International), and Vindicated Chidi (a prominent community member).
As Pi Network continues to make strides towards the deployment of its mainnet, users are encouraged to stay informed and remain proactive in completing KYC verification and migrating to the mainnet before the deadline. The upcoming talk show presents an opportunity for users to gain further insights into the project’s development and future plans. While the exact mainnet launch date remains unclear, the collective efforts of the community are driving Pi Network towards its Open Network goals.
