Very Curious Pi Network (PI) Fact: Details

TL;DR

Pi network users in South Korea surpass Binance’s user base in the country. The project’s open mainnet launch awaits final verifications, with updates expected in the coming weeks. The Pi network outperforms Binance on this front

The Pi Network cryptocurrency project, which allows individuals to mine digital assets directly from their smartphones, remains one of the most hotly debated topics in the space. It was launched more than five years ago, but its open mainnet and native token have yet to go live.

Despite the controversy, Pi Network has amassed a multi-million dollar community. Not long ago, the team revealed that the project’s app had crossed the milestone of 100 million downloads.

One country where Pi Network has built a stronghold is South Korea. Wu Blockchain recently reported that the exact number of local users has reached 1.34 million. In fact, the only two domestic crypto-related entities with more users are the popular exchanges Upbit (4.36 million) and Bithumb (2.24 million).

The local Pi Network community outnumbered Binance customers in South Korea. Those using the services of Coinbase, Bitget and Bybit are also outnumbered by project users.

Other Asian countries with strong Pi Network communities include China, Vietnam, India, Japan, Singapore, Malaysia and others.

Recent Pi Network Updates

As mentioned above, the Pi Network community is still waiting for the launch of the project’s native cryptocurrency and open network.

Earlier this year, the team stated that the latter will see the light of day once 15 million users complete the necessary verifications. Not long ago, Pi News revealed that 14 million people have already complied with the rules, with only one million left to do so. The final deadline is December 31.

The date was moved several times, causing mixed reactions from the community. The latest extension was announced at the end of November, after which some people speculated that the team might continue to announce delays rather than get things going.

Meanwhile, December is expected to be quite an eventful month for users of the Pi network. After all, the Pi Core Team previously committed to announcing the open roadmap on the mainnet, which should provide more clarity on when users will be able to buy and sell Pi tokens.

It remains to be seen whether the last weeks of 2024 will bring significant developments or whether the pessimists will turn to the right.

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