Accelerating Towards Open Mainnet: Pi Network Core Team's Revolutionary Steps by the End of 2024
By: Elena - Pi Network, a rapidly growing cryptocurrency project, is poised to launch
its Open Mainnet by the end of 2024. This marks a significant milestone in the
network’s evolution, showcasing various advancements aimed at facilitating the
KYC (Know Your Customer) process and migration required for the open mainnet
launch.
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Recent Efforts to Accelerate KYC and Migration
In preparation for the Open Mainnet, the Pi Network Core Team has
implemented a series of strategic measures to expedite the KYC and migration
processes. KYC is a critical step to ensure that all users are properly
identified and verified before transitioning to the open mainnet. Key
initiatives include:
1. Password
Changes and New Appeals Functionality
The Core Team has introduced options for password changes and added a new
appeals functionality. This provides users with greater flexibility in managing
their accounts and ensures that any issues or errors can be promptly addressed
through the appeals mechanism.
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2. Enhanced
Activity Checks and Translation Services
The upgraded activity checks and translation services ensure that the KYC
process is accessible to a broader global audience, facilitating a smoother
transition to the mainnet.
3. Improved
User Interface
An enhanced user interface has been introduced to offer a more intuitive and
user-friendly experience for Pioneers undergoing the KYC and migration
processes.
On-Chain Locking: Maintaining Market Stability
Another crucial feature introduced is On-Chain locking, designed to limit
large-scale sales of Pi during the mainnet launch. This aims to prevent
significant price fluctuations and ensure that the Pi market remains stable as
the mainnet goes live.
Mining Enhancement with New Blockchain Keys
With the transition to Mainnet, Pioneers now have the option to create new
keys on the blockchain. This feature allows them to use their migrated Pi to
earn enhanced mining rewards. By generating new keys in their Pi Wallet,
Pioneers can increase their individual mining rates based on the same key
reward mechanism.
Pi Network Social Profiles: Connecting Pioneers and Strengthening the
Community
As part of its ecosystem evolution, Pi Network has officially launched
social profiles. This new feature not only allows Pi Network to function as a
cryptocurrency but also as a social networking platform. With the network now
reaching 60 million users, Pi Network believes the time has come to introduce
social profiles, enabling Pioneers to have a profile page for interacting with
other users and external social media platforms.
Integration of Social Profiles in the Pi Ecosystem
The Pi Social Profile is designed to meet the needs of each Pioneer,
providing a profile page that can be integrated across various Pi applications
and programs. This feature opens up new possibilities for social interaction
and collaboration within the Pi ecosystem, transforming it into a dynamic
social community beyond just a transactional platform.
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The revolutionary steps taken by the Pi Network Core Team as they approach
the Open Mainnet launch at the end of 2024 highlight their commitment to
achieving their goals and delivering an enhanced platform for their community.
With innovations in KYC processes, On-Chain locking, and social profiles, Pi
Network is not only focusing on the technical aspects of the mainnet launch but
also on improving user experience and community engagement. This represents a
significant step towards a promising future for Pi Network and its entire
ecosystem.
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