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Pi Network, Observing Progress on Pi2Day and Migration to Mainnet - hokanews

 

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Pi Network Observing Progress on Pi2Day and Migration to Mainnet - hokanews 


hokanews.com - Pi Network, an innovative and ambitious cryptocurrency project, has managed to attract people's attention since its launch in March 2019. With a vision to empower mobile users and provide wider access to the world of cryptocurrency, Pi Network has attracted the interest of thousands of people around the world. world.


One year after the memorable Pi2Day celebration, in which nearly half a million pioneers migrated to the mainnet and kept a total balance of 420 million Pi, the Pi Network community is eagerly anticipating a similar event on this year's Pi2Day. Last year's event marked an important milestone in the course of this project and strengthened confidence in the future potential of the Pi Network.


Pi2Day is an annual event celebrated by the Pi Network community on June 28th. This event was a significant milestone in the history of the Pi Network, as the previous year's Pi2Day saw tremendous progress in user participation and growth for the project.


At last year's Pi2Day celebration, the Pi Network community witnessed an amazing moment in the project's journey. Within 4-5 days after the event, nearly half a million pioneers made the critical decision to migrate from the beta phase to the mainnet.


Migration to the mainnet is a crucial step in the development of the Pi Network. This marks the transition from the initial development stage to a more mature and fully operational phase. Through this migration, Pi Network users can access the full features of the Pi blockchain network and actively participate in the ecosystem.


The successful migration to the mainnet on last year's Pi2Day testifies to the high level of trust the community has in the vision and potential of the Pi Network. The pioneers demonstrated their faith in the project by taking this important step, which in turn strengthened the project's foundation and fueled further growth.


Not only that, last year's Pi2Day also recorded impressive numbers in terms of the total Pi balance kept by users. In a short time, the community managed to accumulate a total balance of 420 million Pi. This number reflects the strong adoption of the Pi cryptocurrency by users, and demonstrates the potential of the Pi Network's well-developed ecosystem.


The moments resulting from last year's Pi2Day demonstrate the commitment and enthusiasm of the Pi Network community. The pioneers actively participate and support this project, creating a strong and solid community that continues to grow.


With strong memories of the progress made on last year's Pi2Day, expectations and enthusiasm are only high for this year's Pi2Day celebrations. The Pi Network community looks forward to seeing greater growth, wider participation, and more amazing accomplishments as they continue to move forward in achieving their vision of making cryptocurrency accessible to everyone via mobile devices.


This year's Pi2Day, one aspect that is attracting attention is the challenge of KYC (Know Your Customer) and the potential for increasing user participation through this process. KYC is an important step in verifying user identity and ensuring compliance with applicable regulations.



The KYC process involves users uploading and verifying their identity documents, such as ID cards or passports, as well as carrying out other verification actions. The purpose of KYC is to protect the Pi Network ecosystem from abuse, illegal acts, and identity impersonation.


Increased participation through the KYC process will provide a number of benefits for the Pi Network ecosystem. First, the KYC process will increase user and community trust in this project. By ensuring that each user submits to a rigorous identity verification process, the risk of fraud and illegal activity is minimized, and a safer and more trusted environment is created.


increased participation through KYC processes will strengthen regulatory compliance in various jurisdictions. In an era of growing regulation in the world of cryptocurrencies, KYC measures can help Pi Network comply with legal requirements and avoid potential risks associated with regulatory breaches.


By increasing participation through the KYC process, Pi Network can expand the potential for partnerships and integration with third parties, including financial service providers and financial institutions. Enhanced trust and strong compliance will open doors for broader collaboration and more advanced ecosystem development.


KYC process also provides benefits. By following the KYC process, users can ensure that their account is more secure and protected from abuse. In addition, participation through KYC also provides opportunities to engage more actively in the Pi Network ecosystem, such as gaining a say in community decision-making or gaining access to exclusive features and services.


Related to the Pi Network Observing Developments on Pi2Day and Migration to Mainnet this was conveyed by the Twitter account @PiRevolutionX until this article was written by the hokanews team, posts uploaded by the Twitter account @PiRevolutionX are as follows:


Last year, in 4-5 days after #Pi2Day, almost half a million pioneers have been migrated to mainnet, with a total balance of 420 million Pi. 


What will happen in this #Pi2Day? Will we see even more pioneers passing KYC?


Pi group ➡️http://t.me/PiRevolutionX


Twitter image source


By going through a strict KYC process, Pi Network is able to build greater trust among users and society in general. Thorough identity verification reduces the risk of fraud and illegal activity, creating a more secure and trusted environment.


Twitter image source


In an era of growing regulation in the cryptocurrency industry, increased participation through the KYC process helps Pi Network comply with applicable legal and regulatory requirements. This minimizes the risk of breaches and opens opportunities for cooperation with financial institutions and other third parties.


With increased trust and strong compliance, Pi Network can forge a wider partnership with financial service providers, financial institutions and other potential partners. This opens the door for deeper integration with existing infrastructure and expands the Pi Network ecosystem.


Strict KYC processes help protect users from account abuse and illegal acts. Identity verification helps maintain the security and legitimacy of transactions within the Pi Network network, giving users extra protection against potential cyber crimes and fraud.


Through the KYC process, verified users have access to exclusive features and services within the Pi Network ecosystem. This could include a voice in community decision-making, access to incentive programs, or opportunities to participate in more advanced initiatives and projects.


With increased participation through the KYC process, the Pi Network ecosystem will grow organically. More users actively participating in the network can accelerate growth, expand reach, and increase the scalability of this project.


By increasing participation through the KYC process, Pi Network can build a strong foundation for network sustainability and stability. Increased trust, sustainable growth, and regulatory compliance will help keep the ecosystem stable in the long term.


Pi2Day was a watershed moment in the Pi Network journey, where pioneers migrated to the mainnet and Pi's total balance increased significantly. Increasing participation through the KYC process is a challenge that must be faced, but also has a big positive impact on the Pi Network ecosystem.


The KYC process helps build trust, ensure regulatory compliance, and protect users from account abuse. In addition, participation through KYC opens opportunities for broader partnerships, gives verified users voting rights and exclusive access, and accelerates the growth and stability of the ecosystem.


By going through KYC challenges and increasing user participation, Pi Network strengthens project foundations, increases people's trust, and moves towards a vision of wider and inclusive adoption of cryptocurrencies.


Pi2Day is a moment to celebrate progress made, strengthen the community, and look with enthusiasm into the future of this project. With growing commitment and support from users, Pi Network has the potential to become one of the most innovative and influential blockchain projects in the future.


Don't give up, believe me the future of the pi network is very bright, success won't be built in one night, warm greetings from us, the hokanews team, to all the pioneers around the world.

What is Pi Network?

Pi Network is a new cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining device battery. The Pi blockchain secures economic transactions through a mobile meritocracy system and a complete Web3 experience where community developers can build decentralized applications (dApps) for millions of users.

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Thanks to all the pioneers, warm greetings from the hokanews team.  Information from the pi network community for all pioneers