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The broader crypto ecosystem is anticipating the possibilities that will come with implementing the Pi Network in the real world. In the last couple of weeks, this blockchain project has gained notable traction, attracting crypto enthusiasts in large numbers. Five crucial facts have been listed for crypto investors to familiarise themselves with and make the most of this soon-to-launch protocol. What is the Core Mission of Pi Network Coin? Unlike Bitcoin (BTC), Ethereum (ETH), and other digital assets, which are Proof-of-Work (PoW) and Proof-of-Stake (PoS), the Pi Network has a unique model. Pi leverages a mobile app through an energy-efficient process to mine its Coin, which is based on the Stellar Consensus Protocol (SCP).  Currently, Pi is designed to give anybody access to digital assets. This ideology has resonated with many people worldwide for almost a decade since its introduction. Mainnet is Hours Away After operating within a closed testnet for the last couple of years, Pi Network is taking the next step by migrating to an open mainnet.  Before now, this mainnet launch has faced multiple delays, leading to long anticipation among its early adopters. Finally, the mainnet launch for the Pi Network Coin will be held on February 20, 2025, by 8 AM UTC. This will invariably propel Pi Coin closer to integration into the market. Users can then perform some operations, including trading Pi on supporting crypto trading platforms. Users could also utilize the coin to pay for merchandise in the Pi Network’s marketplace.  The Importance of Know Your Customer Users who intend to participate in the open mainnet must complete the Know Your Customer (KYC) verification.  However, there is a grace period for this KYC verification and the mainnet migration. It has been extended to February 28, 2025, based on community demand. Once a user passes…

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Filed under: News - @ February 20, 2025 10:20 am