KYC (Know Your Customer) is a prerequisite for Pi Network users to initiate their Pi tokens transfer to the mainnet. KYC verification is, in fact, the sixth step on the Mainnet checklist to transfer your Pi coins to the Mainnet.
Pi accounts without KYC will not enter mainnet phase so your Pi may be burnt out. Watch for your KYC slot to fill up KYC before Mainnet. Pi says it will provide chance of KYC for each and every pioneers in the network. Pi is also building application for KYC verification.
Before you can sell your coin on an exchange, it must first transition to the open network phase. Also, you need to complete KYC verification to be able to transfer your tokens to a wallet from where you can sell them.
It estimates the Pi coin's price will reach a minimum of $27.60 or a maximum of $40.81 in 2023. In 2024, the Pi coin is estimated to reach a maximum of $69.00. CoinDataFlow estimates the Pi coin will reach $222.94 in 2030 and $250.79 in 2032.
Will their accounts be burned immediately? Answer: Failure in KYC can result from multiple reasons. Different reasons may lead to different outcomes, e.g. another chance to resubmit KYC application, appeal or permanent rejection. Pi accounts will not be burned immediately.
A strong developer ecosystem would provide more use cases for Pi coin. Network upgrades are also expected, and a foray into NFTs, DeFi, and Metaverse ecosystems would do the digital asset a world of good. This could drive the Pi coin value well above the $10 range in 2025.
Pi Network claims to be a cryptocurrency or crypto asset. This is very contrary to the status of crypto in Indonesia, which is only limited to assets, not as currency. To mine Pi Coin, you must receive an affiliate code from a previous miner. After that, you will become a pioneer-level miner.
The Pi coin has the potential to reach $100, but it might take the digital token several years to reach this milestone because there might be a huge supply of Pi tokens, which would force its price to fluctuate to keep a reasonable market cap.
PI is an unlisted token that is practically worthless as of 6 April 2023. As a result, there is no historical data on the Pi Network's performance since the token has not yet been launched on any cryptocurrency exchange.
The live price of Pi is $ 24.18 per (PI / USD) with a current market cap of $ 0 USD. 24-hour trading volume is $ 257,998.54 USD. PI to USD price is updated in real-time. Pi is -0.38% in the last 24 hours with a circulating supply of 0.
Overall, the total supply of Pi in circulation is 100 billion tokens. Mined tokens are also included in this quantity. However, the lockdown mechanism has been implemented to maintain value stability. For more information about the Tokenomics Pi, please visit the mobile Pi application and read the new whitepaper.
Pi Network utilizes a proprietary KYC solution to scalably verify the identity of millions of Pioneers all over the world to onboard them to the Mainnet blockchain and ecosystem.
KYC is a legal requirement for financial institutions and financial services companies to establish a customer's identity and identify risk factors. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes.
Pi Coin Price Prediction Summary
Experts predict that the Pi coin will be worth $35 by the end of 2023. End of 2025 - Should the Pi network ecosystem continue to expand, the token could be worth around $50 by 2025.
Current value of 700 PI in USD is 1.53 USD
This is the real-time data fetched from our partnered price aggregators. At the moment, you are looking at the conversion of 700 PI when 1 PI is valued at 0.0021 USD.
This token is not listed on Binance for trade or service. Further Pi price and purchase information can be found in the How to Buy Pi Network DeFi (PI NETWORK DEFI) Guide.
10 PiCoin is 0.135390 US Dollar.
The Pi Core team has comfirmed in its 2022 end-of-year update that Pi Network is currently at a significant phase of its enclosed mainnet development, the final stages of transition to a open mainnet – fully decentralized, access to the other blockchains, and enable Pi coins to trade with other cryptos or fiat ...
According to the whitepaper, the Pi blockchain will be released when Phase 3 of the mainnet goes live. In December 2022, several crypto exchanges, including Huobi, BitMart, and XT.com, listed a synthetic version of the Pi coin with the trading pair PI/USDT.