Why Pi Network Is Delaying KYC Approvals and Rewards
The post Why Pi Network Is Delaying KYC Approvals and Rewards appeared on BitcoinEthereumNews.com. The post Why Pi Network Is Delaying KYC Approvals and Rewards appeared first on Coinpedia Fintech News After years of waiting, Pi Network has come a long way, but the journey isn’t over yet. While the foundation is mostly complete, the ecosystem still isn’t ready to fully support large-scale DApp use or economic activity. At the same time, many users are frustrated by delays in KYC approvals, migrations, and promised rewards. Meanwhile, crypto analyst Dr Altcoin believes these delays might be part of a bigger plan to protect Pi’s future. Real Reason for the Hold-Up According to Dr Altcoin, the Pi Core Team (PCT) has finished most of the groundwork needed to run the network. It took them over six years to reach this point, but the project is not yet fully ready to handle large-scale DApps or true peer-to-peer transactions at a larger scale. Another important factor is the so-called “price discovery phase.” Right now, Pi Coin is still finding its true market price. The price has fallen from around $3 down to as low as $0.40. Meanwhile, Dr Altcoin says the Pi Core Team wants to see Pi trading above $10 before allowing full peer-to-peer use. Until that happens, they’re holding off to avoid a market crash. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Why Pi Network Coin Price is Dropping , Strategic Delay to Prevent Mass Selling It’s no secret that many people are holding onto Pi just because of pending rewards, KYC approvals, and migration. If all those coins were released today, a huge number…
The post Why Pi Network Is Delaying KYC Approvals and Rewards appeared on BitcoinEthereumNews.com.
The post Why Pi Network Is Delaying KYC Approvals and Rewards appeared first on Coinpedia Fintech News After years of waiting, Pi Network has come a long way, but the journey isn’t over yet. While the foundation is mostly complete, the ecosystem still isn’t ready to fully support large-scale DApp use or economic activity. At the same time, many users are frustrated by delays in KYC approvals, migrations, and promised rewards. Meanwhile, crypto analyst Dr Altcoin believes these delays might be part of a bigger plan to protect Pi’s future. Real Reason for the Hold-Up According to Dr Altcoin, the Pi Core Team (PCT) has finished most of the groundwork needed to run the network. It took them over six years to reach this point, but the project is not yet fully ready to handle large-scale DApps or true peer-to-peer transactions at a larger scale. Another important factor is the so-called “price discovery phase.” Right now, Pi Coin is still finding its true market price. The price has fallen from around $3 down to as low as $0.40. Meanwhile, Dr Altcoin says the Pi Core Team wants to see Pi trading above $10 before allowing full peer-to-peer use. Until that happens, they’re holding off to avoid a market crash. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Why Pi Network Coin Price is Dropping , Strategic Delay to Prevent Mass Selling It’s no secret that many people are holding onto Pi just because of pending rewards, KYC approvals, and migration. If all those coins were released today, a huge number…
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