Fast-growing cryptocurrency Pi network has been listed on the Forbes Digital Assets Museum amid its imminent launch date. The listing on Forbes has now given Pioneers from around the world the much-needed relief and hope to keep believing in the project.
Forbes, the world's leading news and finance magazine and one of the most trusted sources of information on the internet has finally recognized Pi network. Its Digital Assets List comprises top cryptos and when you monitor closely, each of them has the date and time they were added.
What is Pi network?
Pi network is a web3 cryptocurrency that was developed to replace the current modern way of payment. It is the most flexible coin that can be mined with mobile devices without battery drainage or environmental pollution.
People can mine Pi and exchange it for goods and services, which was the primary goal of the project. Now, with over 40 million active miners, the project has strived to become a leading cryptocurrency for people with smartphones as they can just log in to the app daily and tap on the mine button to start the mining process.
The project was created by a team of professors and academicians from the world's leading universities including Stanford, Oxford, and Cambridge.
Now that Forbes has recognized Pi, pioneers will be pondering when it will go live for public listing. It's a big clue that Pi network will be successful in the future when it is listed on exchanges like Binance as most exchanges have already added it to their portfolios.
Even though the news is coming from a top finance and business magazine, people and the general public should be wary of how they invest in crypto projects. Pi network is not yet live and buying and selling it will put them in great danger of losing money.
Pi network's official Twitter page will communicate if the coin is live. Protect your account and wallet at all costs as they are people who misrepresent themselves as the official Core Team to scam pioneers off their hard-earned coin.
Pi network Enclosed Mainnet
Currently, the project is still in the enclosed Mainnet which means it is still under development, and anyone who uses it in exchange for other cryptos risks losing their accounts.
Pi uses proof of stake (PoS) in its algorithm to ensure people mine the coin with ease. Compared to the proof of work (PoW) which uses a large computation system, the PoS is more environmentally friendly and sometimes stronger than PoW.
In addition, pioneers just need to be tapping on the mining button each day without having to own expensive hardware. The network also has a strong security system to recognize cheating fake accounts.
If you are not mining Pi network, the enclosed period allows you to join the project and maybe become an early participant when it finally goes live. In contrast to becoming an early participant, new miners have the best chance to be quickly invited for KYC.
Pi network KYC Solutions
It is not yet confirmed the total number of pioneers who have passed through KYC and have migrated their coins to Mainnet. But, figures do speak for themselves. The number of new pioneers passing KYC outweighs that of old pioneers for some reason best known to the Core Team.
According to Dr. Nicolas Kokkalis one of the founders of Pi network, he tweeted on his Twitter page saying; "Pi network is not a pump-and-dump cryptocurrency and that pioneers should be patient when dealing with issues of KYC". This statement can be translated into, for example, the KYC solution of the network is the most important aspect of Mainnet.
So, the Core Team must take their time to address every issue as we've come across many in the past 5 years of mining where fake accounts were spotted.
The KYC solution stands as the bridge that separates the Enclosed Mainnet and Open Mainnet. The latter will come when the issue has been resolved but nobody knows when.
Pi network on the news
The news that Forbes has listed it on its Digital Assets of Museum should be a source of happiness and something to prove that the project has gotten it right. Watch out for more breaking and scintillating news like this on this website as we bring everything that is happening around Pi network blockchain and web3 projects.
You can sign up for Pi network by downloading the app on the website or through the play store. Happy mining.
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