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Pi Network Project Recap

Pi Network – a cryptocurrency project that allows users to mine coins directly on their smartphones – has been making waves since 2019. However, the project remains controversial due to the lack of detailed technical information about its operations and its Mainnet deployment plan.

Earlier this year, the Pi Network development team hinted that these key milestones were approaching, stating that over 13 million users had completed the necessary KYC procedures. Initially, the developers required everyone to complete verification by the end of September, later extending the deadline to November 30.

The team also announced a surge in KYC requests and encouraged users to participate as verifiers, offering Pi tokens as rewards for those who join.

In another rare announcement on X (formerly Twitter) in September, the team revealed plans to publish the official Mainnet Roadmap for Pi Network in December, which will include a timeline for enabling official Pi Coin transactions.

Additionally, Pi Network released version 0.5.0 of its Pi Node update last month, describing it as “a major update to prepare nodes for the Mainnet blockchain.”

These announcements have sparked mixed reactions from the community. Supporters argue that Pi Network has great growth potential, while critics view it as yet another delay in the project’s progress.

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