pi news

Is Pi Coin Going to be Launched Soon?

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Pi Coin launch

Well, It seems that Pi has started warming up for it’s open mainnet launch as they have just updated the world about Grace period.
The KYC Grace Period is crucial for preparing the Pi community for the Open Network phase. It ensures that all Pioneers are ready and aligns with the core principles of Pi. The next few months are not just a countdown but a call to action for Pioneers to secure their place in Pi’s future. This is an opportunity to strengthen the community and ensure full participation in the Mainnet Pi ecosystem.

What is Grace Period

Grace period search

As announced on Pi2Day 2024, a special 6-month period called the KYC Grace Period began on July 1st, 2024. This period is designed to help Pi Network members, called Pioneers, prepare for the upcoming Open Network phase. The KYC Grace Period was first explained in the 2021 Whitepaper and aims to make sure everyone has enough time to complete their KYC (Know Your Customer) identity verification and move their Pi to the open mainnet.

Key Deadlines

  1. Initial Pi KYC Application: Pioneers must submit their first KYC application within the first 3 months of the Grace Period, which means by September 30, 2024.
  2. Complete Mainnet Migration: All steps to complete KYC and Mainnet migration must be finished within 6 months, by December 31, 2024.

New App Features for Reminders

To help Pioneers keep track of these important deadlines, new features will be added to the Pi Network app. These will include:

  • A countdown timer on the Mainnet Checklist.
  • Banners and pop-up reminders on the home screen.

These features are designed to ensure that Pioneers are aware of their deadlines and take action promptly. If a Pioneer has already completed all the necessary steps, they will not see these reminders.

Understanding the Grace Period and Timer

The Grace Period and its timer provide flexibility for Pioneers. If a Pioneer encounters system issues that prevent progress, the timer will pause until the issue is resolved. For example:

  • If a Pioneer is not eligible to apply for KYC, the timer will pause.
  • If a Pioneer’s KYC application is stuck for over a month, the timer will pause.

Once the issue is resolved, the timer will resume. If a Pioneer is close to the deadline when they resolve an issue, the timer will automatically give them at least one month to complete the remaining steps.

Consequences of Missing Deadlines

If Pioneers do not meet the deadlines:

  • They will lose most of their mined Pi, keeping only what they mined in the last 6 months before their first migration.
  • To avoid this, Pioneers need to submit their initial KYC application and complete their Mainnet migration on time.

Examples of How the Grace Period Works

  1. Eligible Pioneers: If you can apply for KYC now, start your KYC application by September 30, 2024, and complete your Mainnet migration by December 31, 2024.
  2. Ineligible Pioneers: If you are not eligible to apply for KYC, your timer will pause until you become eligible.
  3. Stuck Applications: If your KYC application is stuck for more than a month, the timer will pause until the issue is resolved.
  4. New Pioneers: New members must mine for 30 sessions to become eligible for KYC. After this, their Grace Period begins, and they must follow the same deadlines.

Encouragement to Act

Given the importance of these deadlines, Pioneers are encouraged to start their KYC and Mainnet migration process as soon as possible. The Pi Browser app is essential for completing these steps, and Pioneers can download it from the iOS App Store or Google Play Store.

Impact on Pi Network Growth

The Grace Period will not stop new members from joining or mining Pi. However, new Pioneers will also need to complete KYC and migrate within their Grace Period after joining. This process will improve the network’s quality by ensuring that new members are real humans and fully ready to participate in the Pi Mainnet ecosystem.

Have you earned money from Pi Coin?

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pi news

Have you heard about Pi coin and how it’s already helping people earn money? Yes, it’s true, although its value doesn’t currently impact earnings. In this article, we aim to clarify the reality without delving into technical jargon or discussing scammers.

Firstly, let’s talk about social media influencers—whether they’re on X, Instagram, or YouTube—who has considerable influence due to their massive followings. These influencers are adept at leveraging the psychology of “FOMO” (Fear of Missing Out). The more they hint about upcoming developments related to Pi coin, the more engaged their audience becomes. While there’s nothing inherently wrong with generating excitement, the dissemination of fake news for the sake of views crosses ethical boundaries.

Moving on to Pi Network itself—yes, it’s a reality. Consider this: Pi Network boasts a user base exceeding 100 million, with more than 60 million active users. During each mining session, advertisements generate substantial revenue—an aspect often overlooked by the average user. This lack of transparency has contributed to growing impatience among users, who increasingly inquire about the coin’s launch date and its potential future value.

While some individuals are indeed profiting from Pi coin, the majority are eagerly anticipating its official launch. Many are hopeful that Pi will become a valuable digital asset once it is fully launched and integrated into the market.

It is crucial to stay informed and exercise caution in the era of social media. Do not rely solely on social media for news and updates regarding Pi coin. Instead, follow official sources and rely on reputable information sources like this article to stay updated with accurate information.

MUST READ BELOW PROVIDED SOURCES:

How to Sell Pi
Value of Pi
How to use Pi Wallet

In the current social media landscape, various claims circulate widely, such as “Banks have approved Pi Network,” “Elon Musk is interested in Pi coin,” or predictions about Pi’s future price trends. However, it is essential to approach such claims with skepticism and verify information through official channels or trusted sources.

As Pi Network continues to expand its user base and refine its platform, understanding its true potential remains key. Whether you’re currently involved in Pi mining or contemplating joining, staying informed and discerning amidst the noise is crucial. By doing so, you can navigate the evolving landscape of digital currencies more confidently and effectively

Is Pi Coin Worth $3? Let’s Find Out!

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Pi Value $3

As we know that currently the value of Pi coin is 0 because the Pi mainnet has not yet launched, but despite this, transactions in Pi are already happening. This indicates how much confidence people have in Pi coin.

Today, we will show you some examples that will make you aware that people are selling and buying things using Pi. But is this right for determining Pi coin’s value? Let’s find out.

According to a tweet below, massage centers are accepting Pi as payment, with 50% of payments being accepted in Pi cryptocurrency according to their payment model. This payment model is being accepted in many Asian countries. This massage center isn’t just any center but a health welfare designated certified massage center with good reviews.

Pi

So, the value of 1 Pi has been set at $7.3 here. We have already told you that Pi’s value is currently 0 because it hasn’t launched yet, but buyers and sellers can determine the value through mutual understanding. If you haven’t read that post yet, you can read it by following the link below to understand how to sell Pi coin.

We also have another clip from Taiwan where the cost of a meal for two people was 3.3 Pi, meaning 1 Pi = NT$30. They went to a restaurant for brunch and paid the bill in Pi coin. The video is below.

These are a few examples where people are trading with Pi coin, but is this correct? Do you want the value of 1 Pi to be only $7 or $3? Such a low value after 5 years of hard work? Therefore, we want to tell you that the value of Pi coin is much higher. Please wait; don’t waste Pi coin like this. The value of Pi is much higher; in the end, you will regret it, so it’s better to hold onto the coin. We know you have waited this long; wait a little longer.

You might be wondering why Pi coin is only being accepted in Asian countries and why such news isn't coming from elsewhere. Let us tell you the main reason is because Asian countries like Hong Kong, Taiwan, Singapore, and Malaysia currently have cryptocurrency tax-free, which is why Pi coin is very popular in these countries, and people also prefer trading it there.

Is Pi Visa Card Real?

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Is pi cars real?

Pi Network, as you may know, is a web3-based cryptocurrency that has not yet officially launched its mainnet. Consequently, its value remains undetermined at this time.

However, claims about Pi Visa cards already being in use in the market have been circulating on social media and in various articles. You might have encountered such news yourself. For instance, a TikTok video purportedly shows someone using a Pi Visa card, creating significant hype on social media. Additionally, several websites assert that certain banks are preparing to launch Pi cards.

Upon conducting our own research, we have discovered that these videos, articles, and claims are likely false and are merely intended to generate hype. There has been no official confirmation from the Pi Network core team regarding these developments.

As of now, Pi Visa cards do not exist, but we cannot definitively rule out their potential in the future, given Pi Network’s global presence. However, any such development would depend solely on the decisions made by the Pi core team.

It is crucial to remain cautious and well-informed in the face of such news. Many individuals are exploring new ideas that may exploit others. Therefore, we advise against being swayed by these reports. It is essential to remain vigilant and await official updates from the Pi Network core team.

At this stage, we strongly recommend refraining from selling your Pi coins, as Pi coin value could potentially increase significantly following the official mainnet launch. The current speculative values of Pi coins at $1 or $2 could be dwarfed by their future potential value. While we do not predict Pi coin prices, we anticipate they could hold substantial value.

In conclusion, while the Pi Network shows promise as a cryptocurrency, it is crucial to approach speculative news with skepticism. Waiting for official announcements and maintaining awareness will be pivotal in responsibly navigating the evolving landscape of digital currencies.

New Pi Update: Introducing the Lockup Feature for Mainnet Migrated Pi

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Pi Update

Exciting news, Pioneers! The Pi Network has unveiled a groundbreaking Lockup feature for Mainnet migrated Pi in your Pi Wallet. This new addition aims to enhance the ecosystem and incentivize long-term engagement.

Boost Your Mining Rate

By locking up your Pi, you can significantly boost your mining rate. This Lockup is immediately binding and remains so until your chosen duration ends. It’s a fantastic way to maximize your mining rewards while supporting the network.

Voluntary Lockups for a Healthy Ecosystem

Locking up your Mainnet Pi is a voluntary action, designed to support a healthy and smooth ecosystem. It encourages sustained engagement with the network, fostering a stable and growing community.

How to Lock Up Your Pi

If you’ve migrated to Mainnet, you can easily start a Lockup by following these steps:

  1. Open your Pi Wallet.
  2. Tap on “Lockups.”
  3. Select “Create New Lockup.”

Both types of Lockups—Pre-migration and New Lockup—follow the same rewards calculations and are irreversible once committed. However, they differ in the Pi affected and their implementation:

  • Pre-migration Lockup: Boosts your current Pi based on future settings and affects Pi in the next migration.
  • New Lockup Feature: Applies only to the Pi acquired on the Mainnet blockchain.

MUST READ BELOW PROVIDED SOURCES:

How to Sell Pi
Value of Pi
How to use Pi Wallet

Key Differences

  • Pre-migration Lockups are applied during the migration of your transferable balance.
  • New Lockup directly locks up your Pi on the blockchain after your confirmation in the wallet.

The new feature also includes a 200% Lockup, which allows you to lock up 200% of the currently migrated amount. This is particularly advantageous for many Mainnet migrated Pioneers who have more Pi in their Mainnet wallet than they mined, making the 200% Lockup possible. By choosing to lock up this amount, you can maximize your Lockup mining rewards.

Note: Only the available balance can be locked.

Embrace this new feature to enhance your Pi experience and contribute to a thriving network!

Top 5 Countries in Pi Coin Search

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Pi Coin Research

Pi Network’s popularity is widely acknowledged for its extensive user base, currently boasting more than 100 million users, with 60 million actively participating pioneers. The anticipation surrounding its future popularity is soaring.

One of the primary reasons driving Pi Network’s popularity is its groundbreaking projects. It stands out among a select few cryptocurrencies aimed at utilizing and contributing to the development of the Web3 app ecosystem.

Currently, specific data pinpointing the exact distribution of Pi Network users across countries is not readily available. However, our team has employed a unique methodology to identify the top 5 countries showing the most interest in Pi Network. These countries not only conduct extensive research on Pi coin but also actively engage with its official website:

  1. India (11.48%)
  2. United States (7.94%)
  3. Indonesia (6.49%)
  4. Turkey (4.45%)
  5. Pakistan (3.66%)

The majority of Pi Network’s user base falls under the category of “Others” (65.98%). This data has been meticulously collected and analyzed using advanced website analysis and research tools. It provides valuable insights into the high positivity and enthusiasm people have towards Pi Network.

Our analysis reveals that Pi Network's appeal is bolstered by its user-friendly mobile mining process, community engagement initiatives, and educational efforts. These factors contribute significantly to its growing global appeal and user adoption. We would suggest to hold the coin and probably price listing will be worth waiting for. Don't sell your Pi coin in black market as this may delay the launch of Pi open mainnet.

Looking ahead, there is optimistic anticipation that Pi Network will launch its mainnet by the end of 2024. This anticipated milestone is eagerly awaited by the community and potential investors alike. It marks a pivotal step towards realizing Pi Network’s full potential within the cryptocurrency market.

The positive outlook for Pi Network aligns with broader market trends, as evidenced by Bitcoin’s strong performance and the overall resilience of the cryptocurrency market. These favorable conditions reinforce the expectation that Pi Network could soon experience its own launch.

In conclusion, Pi Network’s exponential growth and strategic initiatives position it as a prominent player in the evolving landscape of cryptocurrencies. As it moves closer to its mainnet launch and beyond, Pi Network remains a project of significant interest and potential impact. It is poised to redefine how decentralized applications are utilized and developed globally.

This comprehensive analysis underscores Pi Network’s current status, user distribution insights, and future prospects within the cryptocurrency ecosystem. It highlights the project’s innovative approach and its potential to shape the future of decentralized technologies. As such, Pi Network continues to attract attention and enthusiasm from a diverse global audience eager to witness its further development and deployment.

Fact Check: Is Pi Network Recognized as a Legitimate Cryptocurrency in Hong Kong?

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Is Pi Network Recognized as a Legitimate Cryptocurrency in Hong Kong?

Recently, a social media buzz has been circulating about the Pi Network, claiming that Hong Kong has officially recognized Pi as a legitimate cryptocurrency. Let’s delve into the truth of this claim.

On the other hand, Hong Kong is indeed making significant strides in the cryptocurrency space by working on launching a Bitcoin Exchange Traded Fund (ETF). This move is part of its efforts to maintain its status as Asia’s financial hub. Previously, the launch of a Bitcoin ETF in the U.S. led to a notable surge in Bitcoin’s value.

According to our research, this news is simply creating hype and lacks solid evidence. As of now, this information is not genuine.

The Pi Network, which is still in its developmental stages, has not received any official recognition from Hong Kong or any other major financial hub.

MUST READ BELOW PROVIDED SOURCES:

How to Sell Pi
Value of Pi
How to use Pi Wallet

Hong Kong’s crypto wealth management company, Metalpha, suggests that the approval of a Bitcoin ETF will attract rapid investment in Hong Kong and increase demand for cryptocurrencies. However, there has been no mention of the Pi Network in any official statements or plans.

In conclusion, we advise readers not to believe in such fake news regarding Pi Network until its mainnet is officially launched and verified. Stay informed and rely on credible sources for your cryptocurrency news.

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