🚨_Note: this content was announced on the home screen of the Pi app in December 2021, and is now converted into a blog with supplements of recent KYC announcements.
Pi Network KYC or “Know Your Customer” is a procedure to first identify and then verify Pioneer identities, to comply with regulations and to ensure that Pioneers within the global Pi Ecosystem are real individuals.
The vision of Pi Network is to build an inclusive and the most widely-distributed digital currency and ecosystem for all Pioneers. Pi Network’s mining mechanism is social-network based and relies on contributions of real Pioneers. Therefore, Pi has a strict policy of one account per person
This requires a high degree of accuracy to establish that members in the network are genuine human beings, preventing individuals from being able to hoard Pi by creating fake accounts unfairly. KYC thus helps ensure the true humanness of the network.
Eight years in the cryptocurrency world, starting with tens of thousands, now over ten million. I rely on a 50% position to steadily build my investments, with monthly returns reaching 60%. 1. Divide the capital into 5 parts, entering only one-fifth each time! Control a 10% stop loss; if I make a mistake once, I only lose 2% of the total capital, and it takes 5 mistakes to lose 10% of the total capital. If I am correct, I set a take profit of more than 10%. The first step is to open the daily chart, only looking at daily-level cryptocurrencies with MACD golden crosses, preferably choosing those that are above the zero line, as this has the best effect! The second step is to switch to the daily level, where only one moving average is needed, called the daily moving average. Hold above the line and sell below the line. 2. Do not touch cryptocurrencies that have rapidly surged in the short term, whether mainstream or altcoins. There are very few coins that can produce several waves of primary upward trends. The logic is that it's difficult to continue rising after a short-term surge. When the price stagnates at a high level, it will naturally decline later on; it's a simple principle. 3. Volume-price indicators are crucial, as trading volume is the lifeblood of the cryptocurrency world. Pay attention to volume breakouts at low consolidation levels, and decisively exit on volume stagnation at high levels. 4. Only trade in cryptocurrencies with an upward trend, as this maximizes the odds and does not waste time. When the 3-day line turns upward, it indicates short-term rising; when the 30-day line turns upward, it indicates medium-term rising; when the 84-day line turns upward, it indicates a primary upward trend; when the 120-day moving average turns upward, it indicates long-term rising!
The Pi Network has faced a shocking price drop recently, leaving many in the community stunned. In the past 24 hours, Pi’s value has fallen by 2%, and over the past week, it has seen a massive decline of 31%. Many are now asking what caused this drop—Is it just another dip in the crypto market or is there more going on?
Moreover, Pi Network faces challenges such as limited exchange listings, slowing Know Your Customer (KYC) verification, and uncertainty about its circulating supply. These issues have contributed to price instability and investor concerns.
Pi Network has climbed back above the $1 mark after dropping to $0.86. It is currently trading at $1.01.. Despite recent gains, Pi faces resistance at $1.20. If it breaks through, it could target $1.35, a key milestone. However, reaching this level may be tough due to Pi’s volatility. If it manages to go above $1.90, analysts predict it could rally towards $3.
🚨_Haun Ventures Targets $1 Billion for New Crypto Funds, Expects Oversubscription
Haun Ventures, a venture capital firm led by former federal prosecutor Katie Haun, is aiming to raise $1 billion to invest in the cryptocurrency sector. The funds, expected to close by June 2025, will be split equally between early-stage and late-stage investments, with $500 million allocated to each. The goal of $1 billion is lower than the $1.5 billion Haun Ventures raised in 2022, which was deployed during the crypto market downturn, largely after the collapse of FTX. However, the firm anticipates the new round will be oversubscribed, despite the smaller target
Other venture capital firms, such as Paradigm and Pantera Capital, are also aiming to raise substantial funds in 2024. Paradigm closed an $850 million investment fund in June 2024, while Pantera Capital is looking to raise over $1 billion for a new blockchain-focused fund. Industry analysts predict that while crypto VC investment in 2025 may surpass 2024’s funding levels, it will not reach the peak levels seen in the 2021 bull market when $33.8 billion was raised.