Pi Network Surpasses 12M KYC’d Global Users and Announces New Product Updates as Open Mainnet Progress Continues
The Pi Core Group’s Open Mainnet progress stays on observe because of the unbelievable contributions and improvements from its group
PALO ALTO, Calif., June 28, 2024 /PRNewswire/ — Pi Network, a Web3 app ecosystem and developer platform with a group of tens of hundreds of thousands of people mining and utilizing Pi cryptocurrency, at present celebrated the beginning of Pi2Day festivities with an replace on its progress in the direction of Open Community.
In December, Pi announced its plan to go to the Open Community interval of Mainnet in 2024 if the group reached a sequence of situations together with: 15 million KYC’ed Pi customers (Pioneers); 10 million folks migrated to the Mainnet; 100 actual Pi apps which can be on Mainnet or Mainnet-ready; continued progress with the Core Group’s technical and product updates; and at last, the absence of an unfavorable world exterior atmosphere.
So far, over 12 million Pioneers have accomplished identification verification by means of Pi’s native Know Your Buyer (KYC) answer, Pi KYC (up from 9.45 million in March), with 5.79M folks migrated to the Mainnet (up from 4.5 million in March). As well as, 70 actual, distinct Pi apps are both on Mainnet or are Mainnet-ready and resolve a real want by delivering additional utility to the Pi ecosystem (up from 50 in March).
“Our path to Open Community depends on the collective efforts of the worldwide Pi group,” mentioned Dr. Chengdiao Fan, a Pi Founder and Head of Product. “Collectively, the Core Group, group builders and Pioneers in all places are working collaboratively to achieve Open Community in 2024 and we’re happy to say that we stay on observe because of the unbelievable contributions and improvements from our group.”
“Over the previous few months, our crew’s diligent testing, technical optimizations, and quite a few revisions have allowed for quite a few updates in Mainnet migration, KYC, and different blockchain elements just like the Pi Node,” mentioned Dr. Nicolas Kokkalis, the opposite Founder and Head of Know-how. “These updates set the stage for our ongoing work in upcoming initiatives just like the KYC grace interval, second and following migrations, Mainnet Node and blockchain work, and extra, which all facilitate the group to additional progress Pi in the direction of the Open Community in 2024.”
Since PiDay final yr (March 14, 2023), Pi has grown from 45 million to over 60 million engaged world customers and launched a sequence of main ecosystem updates together with:
- Fireside Forum, a Web3 social media app with revolutionary tokenomics to create, curate, and reasonable content material.
- Staked DMs on the Pi Chat app, one other cryptocurrency integration to facilitate significant connections.
- Pi Ad Network, the primary actualization of the community’s imaginative and prescient of platform-level utilities constructed on the again of its collective assets such because the group’s dimension and engagement, collective consideration, and verified digital identities. The preliminary model was launched in Hearth Discussion board, and the platform is now being built-in with group Pi apps.
Pi Community anticipates additional momentum in 2024 because the Core Group appears to foster additional development in utility and group for all Pioneers globally.
Learn extra about Pi’s progress of their newest announcement here.
ABOUT PI NETWORK
Pi Community is a group of tens of hundreds of thousands of people mining Pi cryptocurrency to make use of and construct the Web3 app ecosystem. Based in 2018 by a crew of early innovators in blockchain and social computing, with PhDs from Stanford College, Pi Community is a utilities-based ecosystem for third-party apps on a cell internet platform, with widespread (relatively than concentrated) token distribution. The blockchain platform gives a mobile-first mining method, with low monetary value and a light-weight environmental footprint inside the crypto area.
SOURCE Pi Community
