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Title: Pi Network Founders Share Update on Mainnet Launch and Timeline for Open Network in 2025
The founders of the popular cryptocurrency project Pi Network have shared an update on their mainnet launch and timeline, revealing significant progress towards achieving their goals. In a recent statement, the team has confirmed that they are now working towards launching an open network in 2024.
According to the latest announcement from Pi Network, the project’s creators have reached a new milestone with over 1.8 million users having completed their Know-Your-Customer (KYC) verification process. This is a substantial increase from the initial target of 1.5 million, highlighting the team’s dedication to ensuring the security and compliance of the network.
Although Pi Network has not yet met its goal of transitioning a significant portion of its user base to the mainnet, the team believes it is crucial to prioritize the KYC process before proceeding with the launch. The founders emphasized that they will continue to refine their customer knowledge (KYC) verification system to ensure seamless integration with the mainnet.
In terms of the timeline for launching the open network, Pi Network has confirmed that its deadline has been extended until January 31st, 2025. This extension is aimed at providing more time for users to complete their KYC verification and transition to the mainnet seamlessly.
The team has also expressed their readiness to deploy over 80 pre-prepared applications on the open network, which will allow users to access the mainnet via a dedicated browser interface. The development comes as some market analysts are predicting that Pi’s cryptocurrency may reach its expected target of $100 per coin based on positive technical indicators.
Pi Network has been making significant progress in recent months, with its creators working tirelessly to ensure the success and adoption of their project. As they continue to push forward, the team is committed to delivering an open network that meets the highest standards of security and compliance.
With a strong focus on providing a seamless user experience, Pi Network aims to create a robust ecosystem for its users while ensuring the overall integrity of the platform. The founders’ dedication to achieving this goal has been evident throughout their journey, as they continue to engage with the community and address concerns around security and scalability.
As we move closer to the mainnet launch, it will be crucial for the project’s success that it can build trust among its user base while maintaining its commitment to compliance.
Source: www.crypto-news-flash.com
