{"id":4047,"date":"2024-09-06T06:32:16","date_gmt":"2024-09-06T06:32:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=4047"},"modified":"2024-09-06T06:32:16","modified_gmt":"2024-09-06T06:32:16","slug":"latest-pi-network-updates-september-6th","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=4047","title":{"rendered":"Latest Pi Network Updates September 6th"},"content":{"rendered":"

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

Pi Network celebrated 2,000 days since its launch but remains unclear about its native token and open mainnet, with a roadmap announcement expected in December 2024.
\nThe project aims to enable mobile mining using an energy-efficient consensus algorithm and grows primarily through community engagement.<\/p>\n

<\/a><\/p>\n

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

Pi Network \u2013 a controversial crypto project that aims to allow users to mine and earn digital assets on their mobile devices \u2013 has witnessed some developments lately. Earlier this week, the team <\/span>celebrated<\/span><\/a> 2,000 days since the official launch in March 2019.<\/span><\/p>\n

\u201cThis milestone reflects <\/span>the<\/span> steady, ongoing efforts <\/span>of our community<\/span>\u2014as we move ever closer to our vision of building the world\u2019s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi.<\/span> Each step forward is bringing us towards Open Network, where persistence and commitment shape our shared future,\u201d it stated at the time.<\/span><\/p>\n

However, Pi Network keeps raising some eyebrows across the community since there is no clear indication of when users can expect the launch of a native token and open mainnet. The team previously <\/span>said<\/span><\/a> that over 13 million people have <\/span>already<\/span> passed Know-Your-Customer (KYC) procedures, while more than six million have migrated to the mainnet.\u00a0<\/span><\/p>\n

Shortly after, the developers behind the network <\/span>set<\/span><\/a> September 30, 2024, as a deadline for users to complete their KYC verification:<\/span><\/p>\n

\u201c<\/span>Make sure<\/span> you <\/span>don\u2019t miss<\/span> your deadlines to submit KYC or migrate your Pi.<\/span> Ask your Security Circle and Referral Team to take action before the Grace Period ends!\u201d<\/span><\/p>\n

Last month, PiBridge (a decentralized financial platform that acts as a bridge between the Pi Network and other blockchain networks) hosted a talk show, with the launch of <\/span>mainnet<\/span> being one of the main subjects of discussion.\u00a0<\/span><\/p>\n

A few days later, the Pi Core Team said <\/span>the mainnet open roadmap (\u201cenabling official Pi buying and selling transaction\u201d) <\/span>will<\/span> be announced<\/span> in December.<\/span><\/p>\n

Mainnet Opening Update<\/p>\n

1. Pi Core Team has revealed that in December, they will announce the Mainnet open roadmap (Enabling official Pi buying and selling transactions).<\/p>\n

SHARE OR RETWEET THIS! #PiNetwork<\/a> pic.twitter.com\/vatNfzg3Qk<\/a><\/p>\n

\u2014 Pi Network News (@PiNetworkLap) September 5, 2024<\/a><\/p>\n

The Specifics of Pi Network<\/span><\/h2>\n

The crypto project aims to be energy-efficient <\/span>by<\/span> using a consensus algorithm called Stellar Consensus Protocol (SCP). <\/span>The mechanism <\/span>is<\/span> developed by the Stellar Development Foundation and is an alternative to Proof-of-Work (PoW), which is associated with high electricity consumption.<\/span><\/p>\n

The network relies heavily on community engagement, and growth is driven by a referral-based system.<\/span> Pi Network does not require users to invest <\/span>any<\/span> funds upfront to start mining. They can earn Pi tokens by <\/span>simply<\/span> participating in the ecosystem and building trust connections.<\/span><\/p>\n

The post Latest Pi Network Updates September 6th<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network celebrated 2,000 days since its launch but remains unclear about its native token and open mainnet, with a roadmap announcement expected in December 2024. The project aims to enable mobile mining using an energy-efficient consensus algorithm and grows primarily through community engagement. What\u2019s New? Pi Network \u2013 a controversial crypto project that […]<\/p>\n","protected":false},"author":0,"featured_media":4048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4047","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\/4047"}],"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=4047"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4048"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}