As a researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the Pi Network’s recent developments. The 100 million app downloads milestone is indeed impressive and speaks volumes about the project’s appeal. However, the prolonged wait for the launch of the open mainnet has raised some eyebrows within the community, including mine.
TL;DR
- Pi Network has surpassed 100 million app downloads, with 14 million users completing KYC verification, leaving 1 million more to meet the December 31 deadline for Open Network launch.
- The Pi Core Team’s December roadmap announcement for the mainnet open launch is highly anticipated, though past delays have sparked community skepticism.
The Recent Developments
It has been more than five years since Pi Network’s launch. The project allows people to mine digital assets directly from their smartphones without significant energy consumption. However, it has raised some eyebrows across the community since Pi Network’s native token and open mainnet have yet to see the light of day.
Regardless of the ongoing debate, it continues to be a topic of great interest within the cryptocurrency community, with its user base steadily expanding. Just recently, the team announced that their Pi Network app had surpassed the significant milestone of 100 million downloads.
Back in the early months of this year, the developers of Pi Network announced that the launch of their Open Network would hinge upon achieving 15 million verified user accounts through Know Your Customer (KYC) procedures. As per Pi News, a staggering 14 million individuals have already complied with these rules, leaving approximately one million users to follow suit before the deadline on December 31st.
The original date has been adjusted multiple times, leading to varied responses within the community. It was recently announced that the event will now take place at the close of November.
The initial cutoff date for submitting your KYC application has been moved to December 31, 2024, which now aligns with the deadline for migration.
So, What’s Going On?
It’s reasonable to expect that the Pi Network community is anxiously anticipating a significant update, possibly imminent. After all, the Pi Core Team had earlier mentioned they would reveal the mainnet open roadmap in December, offering insights into when users can start buying and selling Pi tokens.
While some commended the team for sharing the data, others showed less enthusiasm, proposing that more time might be needed for further clarification or updates.
It remains unclear if the final weeks of 2024 will bring significant advancements or if skeptics will prove correct.
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2024-12-09 12:04