BREAKING NEWS : The following are important facts about the Pi Network KYC being rejected, and the open mainnet being delayed which all pioneers must know - hokanews

 

BREAKING NEWS : The following are important facts about the Pi Network KYC being rejected, and the open mainnet being delayed which all pioneers must know - hokanews

hokanews.com - Pi Network is a cryptocurrency project built by Dr.nicolas kokkalis and a team of blockchain technology, economics, and business experts. The goal is to introduce cryptocurrency to people who have never been involved in the blockchain world before and make it easy to use for everyone around the world.

One of the ways the Pi Network has introduced cryptocurrency to people is through its unique "mining" concept. The Pi Network mining process is carried out through a mobile application that is easy to use and accessible to anyone. By using the Pi Network application, users can mine Pi by clicking the "Mining" button every 24 hours. Mining on the Pi Network does not require special hardware or large computing power like other cryptocurrencies. This allows anyone to become part of the Pi Network and acquire Pi without having to have special hardware.

However, to maintain the integrity of the Pi Network network, users are required to go through the KYC (Know Your Customer) process. The KYC process requires users to provide personal information and identify themselves before they can mine Pi. This process aims to prevent fraudulent activity and ensure that registered users are real people.

The Pi Network also has a referral system that allows users to invite their friends to join and mine Pi Coin. Every time a friend signs up via a user invite, both the user and the friend will get bonus Pi Coins. This allows users to earn more Pi Coins and expand the Pi Network network.

Currently, the Pi Network is still in the development phase or what is commonly called a closed mainnet and has not been officially launched to the public. However, the Pi Network development team has planned to launch a Mainnet in the future, which will allow users to use Pi Coin as a true cryptocurrency. Within the Mainnet, the Pi Network will have its own blockchain network, allowing users to make Pi transactions more quickly and securely.

In addition, the Pi Network development team has also planned to develop blockchain-based applications and services that use Pi Coin as the currency. This allows Pi Network users to use Pi Coin for various purposes, such as payments, remittances, investments, and so on.

Currently the users themselves or what is commonly called the pi network pioneers project, are experiencing various problems related to their pi network accounts and not a few pioneers who always ask the same questions every time both from the kyc process which has not been received, from a strategic point of view users who have been rejected from the pi network's KYC process, almost all the pioneers around the world are currently busy with conversations that are played every day. We hear this question every day, and why do we hear this question almost every day, maybe it's because many of us can't wait to get rich quickly from this free project, there's nothing wrong with that, but we have to know the initial concept first, like the pi network project that we are currently participating in.

Regarding question statements from pioneers around the world who are still confused and are approaching anxiety, here you will find the right answer, don't worry and don't hesitate. Regarding the things that HokaNews wants to convey, we don't want to share information with all pioeers without sources that we can cite.

The following is one of the answers that has been answered by one of the largest community accounts in the world. Monitoring hokanews.com from posts shared by @dorisyincpa on Twitter, it is very clear that it answers the anxiety and doubts of all the questions that are often asked, the answers that are shared by @dorisyincpa on twitter as follows:

I always receive the following questions pioneers asked me. I answered here. Pay attention this is only my personal point of view not representing CT! 

1. Why has my KYC been pending for a long time? Why can't I pass KYC? 

My answer:

Last year CT need to test KYC technology and some documents probably has mistake. And there's another reason I think as following:

Any kind of business or project must control risk to protect business or/and project successful! Pi Network is not exceptional. Look at Pi Browser Blockchain records, you should realize something. Under table exchange to FIAT is very wide and strong. If everyone has a Pi in their wallet and pioneers don't have a united safe price, many pioneers will sell it at a very low price because they get it free and they need cash urgently. They don't realize how much damage to project. The only solution is: all pioneers improve your cognition and understand your behavior is important to protect the project. If these kinds of transactions decrease, the risk to migrate Pi will be reduced. Right now KYC has two kinds. One kind is to completely pass KYC and wait for migration. Another kind is temporary pass KYC and migration time is not confirmed until the risk is reduced. This is the reason why we do a lot of education in the community to help pioneers respect CT regulations. Don't sell your Pi under the table. It will delay KYC or/ and migration speed. Their delay is not because of CT. If you are very anxious to get a Pi in your wallet, ask yourself why you are anxious? Is that because you want to sell now ? If yes, the delay is just designed for the pioneers like you who want to sell now. If you want fast, change your mind now! 

2. When will CT open the mainnet? Will it be 6/28? Will it be waiting another year or two? Why can't CT open the mainnet? 

My answer is: CT said already in the work summary recently. They gave us an answer already. They said Pi Success needs all pioneers to participate. Have you participated? Are you just sitting and waiting? Pi Network has two legs that must walk together. CT is responsible for the technology part. They did a great job and were almost done! But the pioneers part hasn't settled down. Dr Nicolas said price is created by pioneers. And an open mainnet is only one goal . The real goal is that the Eco system is mature. Only when the price is fixed and the eco utility can develop faster and mature fast. So open mainnet are successful depending on the pioneers community now! This burden is on our task. If CT can make an open mainnet successful without pioneers participate, I believe they opened it one year before already. It is CT who invested a huge amount of money not us! They afford big risks and responsibilities! If you want to open the mainnet  early, you should do what CT asks us to do! Have you taken a 10 second video on social media? Have you made decisions not to do under table exchange FIAT? Have you passed all positive energy to your community? Or you pass a lot of negatives in your community to complain? I hope you understand the logic well. Don't do the things drag the open mainnet but complaining CT drag it!

@PiCoreTeam

 #PiNetwork #PiGCV #KYC  #Pioneers #PiOpenmainnet

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To find out more from the sources above, visit Twitter @dorisyincpa or click here.

with answers that have been answered from @dorisyincpa, hopefully it can help all pioneers.

continue to know more about the concept of the pi network project. 

There are several unique features and concepts that set the Pi Network apart from other cryptocurrency projects. Here are some important features and concepts in the Pi Network that pioneers must know:

1. The concept of "Halving": This concept is similar to Bitcoin, in that every 4 years the amount of Pi that can be mined will decrease. The first halving on the Pi Network will occur on March 31, 2024. The number of Pi that can be mined will be reduced to 0.4 Pi per mining.

2. Pi Network does not use a Proof of Work (PoW) or Proof of Stake (PoS) system like other cryptocurrencies, instead it uses a consensus algorithm called Proof of Authenticity (PoA). The PoA algorithm requires users to make active contributions to the Pi Network in order to validate transactions.

3. The concept of "Circulating Supply": In the Pi Network, the number of Pi already produced is not always in circulation or available for use. Only a small part of the total supply of Pi can be traded or used as currency. This concept is intended to ensure that the supply of Pi can be controlled and does not experience inflation.

4. Pi Network is committed to maintaining user privacy and does not collect user data without their consent. In addition, user personal information collected in the KYC process will be kept confidential and only used for identity verification purposes.

5. Pi Network has a vision to be an environmentally friendly cryptocurrency network with low energy consumption. In its current development phase, Pi mining does not require special hardware or large computing power, resulting in a reduced environmental impact.

The Pi Network offers great opportunities for those users who want to get involved in the world of cryptocurrencies. The easy mining concept and simple referral system make the Pi Network accessible to anyone. In addition, Pi Network's vision and commitment to maintaining user privacy and reducing environmental impact also deserve appreciation. With the launch of the Mainnet and the development of blockchain-based applications, Pi Network hopes to become a more mature and beneficial cryptocurrency network for all users.

Don't give up, keep the spirit to help support each other pioneers, warm greetings from our Hokanews team to all pioneers around the world. Success is not built overnight.

What is Pi Network?

Pi Network is a new cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining device battery. The Pi blockchain secures economic transactions through a mobile meritocracy system and a complete Web3 experience where community developers can build decentralized applications (dApps) for millions of users.

That's a little information that we can share with all the pi network communities.  

Hopefully this is useful, keep the spirit, don't give up.

If the information from hokanews is useful, don't forget to share it with other pioneers.

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Thanks to all the pioneers, warm greetings from the hokanews team.  Information from the pi network community for all pioneers