Pi Network (PI) team explained the 3 conditions required for switching to the mainnet.
Pi Network, which the cryptocurrency market has been eagerly awaiting for a long time, 2024 pointed out the year. Picture made by the team in the statementdetermined If 3 conditions are met next year The transition to the main network will be completed specified.
The first of these 3 conditions was announced as the completion of the preparatory work. In the details of the statement technology, product, work And legal in areas preparation Pi Network’s work to their strategies suitable aspect of completion It was emphasized that this was a priority factor.
Secondly know your customer (KYC) It was stated that there should be an equal level of identity verification. team if 15 million users If KYC credentials are integrated into the system and 100 PI based applications He predicted that this stage would be completed if it was made ready by the developers.
Finally, the Pi Network front stated that they will take external factors into consideration during the transition to the main network. A global crisis in 2024, legal problems or If external factors such as pandemics do not prevent Promised for transition to mainnet:
These three conditions will determine the timing of the mainnet migration. With the collective efforts of the community and the absence of negative external factors, the target is 2024. Otherwise, we may postpone the date to avoid risking the mainnet transition.
Pi Network, which is currently in the test network, is not yet listed on the stock exchanges and investors cannot sell their PI assets. With the completion of the transition to the mainnet stock market listings coming And Incorporation of PI into circulation is planned.