{"id":38446,"date":"2025-01-23T17:22:30","date_gmt":"2025-01-23T17:22:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=38446"},"modified":"2025-01-23T17:22:30","modified_gmt":"2025-01-23T17:22:30","slug":"pi-network-pi-news-recap-here-%d0%b0re-the-latest-developments","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=38446","title":{"rendered":"Pi Network (PI) News Recap: Here \u0410re the Latest Developments"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Pi Network developers have set the Open Network launch condition at 15 million KYC-verified users, with over 9 million already migrated, but some users continue to face verification challenges.
\nThe project\u2019s popularity remains strong, especially in Asia, with millions of users and a large social media following that surpasses established crypto entities like Ripple.<\/p>\n

<\/a><\/span><\/h2>\n

What\u2019s New?<\/h2>\n

Pi Network is one of the most controversial <\/span>and yet most<\/span> popular cryptocurrency projects. It claims to allow people to mine digital assets directly from their smartphones with minimal energy consumption. <\/span>Despite being around for almost six years<\/span>, Pi Network has yet to introduce its native token and open mainnet.<\/span>\u00a0<\/span><\/p>\n

Many community members have been frustrated by the lack of clarity surrounding the exact launch of those developments. However, Pi Network\u2019s team has continuously assured <\/span>these<\/span> milestones are on the horizon. <\/span><\/p>\n

Not long ago, the developers said the first <\/span>major<\/span> target was the launch of the Open Network. They said it will go live if 15 million users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period)\u00a0before the end of this month.<\/span><\/p>\n

At the beginning of January, Pi Network <\/span>claimed <\/span><\/a>the project has been making \u201cexcellent progress,\u201d with over 9 million successful migrations. <\/span>Prior to<\/span> that, the team <\/span>maintained<\/span><\/a> that 14 million people had completed the verification procedures.<\/span><\/p>\n

Despite the claimed progress, some users complained they <\/span>had<\/span> experienced issues when trying to abide by the rules. To ease their efforts, Pi Network recently <\/span>advised<\/span><\/a> them to \u201ceither spend Pi to update their name or appeal to resubmit their KYC application.\u201d<\/span><\/p>\n

\u201cPioneers who have rejected KYC applications due to differences in their Pi account name and their real name in ID documents can now either spend Pi to update their name or appeal to resubmit their KYC application. Complete this action today if needed,\u201d the full guidance reads.<\/span><\/p>\n

Towards the end of last year, the team issued another advice to struggling users. Specifically, it <\/span>urged<\/span><\/a> people who can\u2019t complete KYC procedures <\/span>for some reason<\/span> to join a dedicated Telegram chat \u201cwhere there will be mods to answer your questions.\u201d<\/span><\/p>\n

How Popular is Pi Network?<\/span><\/h2>\n

As mentioned above, the controversy surrounding the project has not stopped it from increasing its popularity in the past few years. Its user base has been particularly on the rise in Asia, in countries like South Korea, China, Vietnam, Japan, Singapore, and others.<\/span><\/p>\n

Last month, Wu Blockchain <\/span>revealed<\/span><\/a> that the number of Pi Network users in South Korea reached 1.34 million, <\/span>which is<\/span> more than the domestic client base of well-known crypto exchanges like Binance and Coinbase.<\/span><\/p>\n

Meanwhile, the <\/span>official X account of the project<\/span> has more than 3.5 million followers. <\/span>In comparison, established<\/span> cryptocurrency entities such as Ripple, for instance, have fewer subscribers.<\/span><\/p>\n

The post Pi Network (PI) News Recap: Here \u0410re the Latest Developments<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network developers have set the Open Network launch condition at 15 million KYC-verified users, with over 9 million already migrated, but some users continue to face verification challenges. The project\u2019s popularity remains strong, especially in Asia, with millions of users and a large social media following that surpasses established crypto entities like Ripple. […]<\/p>\n","protected":false},"author":0,"featured_media":38447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38446"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38446"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38447"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}