Yousef jebrin
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**Key Updates in the Pi Network (as of July 2024):**
1. **Transition to Mainnet:**
- The network is still in the **"Enclosed Network"** phase, where transfers between users are allowed after completing KYC, but it is not connected to the outside world (such as exchanges).
2. **Improvements in the KYC System:**
- Increasing the number of users who have completed identity verification through internal solutions and external partners to expedite the process.
3. **Developments in the App:**
- Launching new features in **Pi Browser** and **Pi Wallet** to support decentralized applications (DApps) and enhance transaction security.
4. **Expanding the Uses of Pi Currency:**
- Adding companies and platforms that accept Pi as a payment method (currently limited), with a focus on building an internal ecosystem.
5. **Community Growth:**
- The number of active users ("Pioneers") has exceeded **55 million users** globally, with an emphasis on active participation.
6. **Environmental Sustainability:**
- Emphasizing low energy consumption compared to networks like Bitcoin, as part of the marketing strategy.
7. **Future Steps:**
- Working on fully opening the network (Open Mainnet) without a specific official date, encouraging users to complete KYC and build the ecosystem.
1. **Transition to Mainnet:**
- The network is still in the **"Enclosed Network"** phase, where transfers between users are allowed after completing KYC, but it is not connected to the outside world (such as exchanges).
2. **Improvements in the KYC System:**
- Increasing the number of users who have completed identity verification through internal solutions and external partners to expedite the process.
3. **Developments in the App:**
- Launching new features in **Pi Browser** and **Pi Wallet** to support decentralized applications (DApps) and enhance transaction security.
4. **Expanding the Uses of Pi Currency:**
- Adding companies and platforms that accept Pi as a payment method (currently limited), with a focus on building an internal ecosystem.
5. **Community Growth:**
- The number of active users ("Pioneers") has exceeded **55 million users** globally, with an emphasis on active participation.
6. **Environmental Sustainability:**
- Emphasizing low energy consumption compared to networks like Bitcoin, as part of the marketing strategy.
7. **Future Steps:**
- Working on fully opening the network (Open Mainnet) without a specific official date, encouraging users to complete KYC and build the ecosystem.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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