Pi Network’s enclosed mainnet commits to building a viable and sustainable ecosystem
Building a Viable and Sustainable Ecosystem
Pi Network is in its enclosed mainnet, as the protocol prepares for the highly anticipated open mainnet launch. While the open mainnet launch will offer numerous possibilities, the enclosed mainnet will benefit the protocol’s long-term development and Pioneers at large.
Pi Network’s enclosed mainnet period allows the protocol to focus on two key priorities: Firstly, mass verification of Pioneers’ identity via KYC and the migration of their Pi mining balance to the Pi mainnet. Secondly, the creation of real utilities for the native Pi currency.
Focusing on these two priorities in the enclosed mainnet ensures that the protocol builds a viable and sustainable ecosystem for its large user base. A scalable KYC solution is necessary for security and creating real Pi cryptocurrency utilities will enhance the ecosystem’s infrastructure.
When both priorities are completed during the enclosed mainnet, users will enjoy a more secure, utility-building ecosystem. Furthermore, Pi Network will proceed to the next development step, launching the Open mainnet.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s 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.
Where to find Pi Network:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
