Pi Network users are still anticipating the debut of the open mainnet. The platform has been working hard to build its ecosystem in the interim. Yet when bears reduced the token’s gains on March 1, the price movement of the Pi Network Coin remained subdued.
Before deploying the Pi open mainnet, the Pi Network’s developers must first put in place a suitable KYC mechanism. The only challenge to the Pi Network open mainnet, according to co-founder of the network Nicolas Kokkalis, is KYC concerns.
Carbon, a Web3 browser, has made plans for integrating the Pi Network into its multichain wallet. The improvement would make it easier for Carbon to integrate Pi Wallet, Pi Platform, and Pi Coin utilizing the Pi SDK (Software Development Kit).
By the cooperation, the 33 million Pi Network users would have access to the functions of the Carbon ecosystem.
The Pi Chain Mall also resumed withdrawals on its platform after suspending them on February 1 in the wake of some changes. Pi Network noted that the withdrawal policies have not altered in the announcement. Users can still withdraw 50 Pi Coin tokens per day, for instance. Due to financial security, the platform would gradually increase the withdrawal cap.
“Fund security is our top priority. The Pi withdrawal amount will be increased at a later stage accordingly. Our platform does not charge any platform fee at this stage.” Pi Network said.
Also, a number of fresh projects for the platform were developed during the Pi Network Hackathon, including the freelance marketplace WorkforcePool. Users of Pi Network would be able to connect with and hire freelancers all over the world.
What is Pi Network?
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
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