Pi Network KYC Sync Update & Pi2Day Speculation
Pi Network Improves KYC with New Synchronization Feature
Pi Network has released a significant update to its Know Your Customer (KYC) process. A new "Synchronize Status on Mining App" button allows users to resolve discrepancies between their KYC status in the Pi app and the main mining application. This addresses previously reported data synchronization issues.
This update comes as anticipation builds for Pi2Day (June 28th), an annual event celebrating the network's progress. The community is buzzing with speculation about major announcements, including:
- Binance Listing: A significant portion of the community believes Pi (PI) could be listed on Binance, potentially boosting liquidity and market presence. An earlier community poll showed 86% of respondents supported this listing. However, Binance has yet to make an official announcement.
- New Ecosystem Apps: Rumors suggest the launch of several new apps on Pi2Day, further expanding the Pi Network ecosystem.
Pi2Day: Price Predictions and Market Analysis
The upcoming Pi2Day has sparked considerable price speculation for PI. While the token's price has recently dropped by 27% over the past 30 days and is trading at $0.54, some community members remain bullish, predicting a potential rebound to $1-$3 or higher.
Concerns exist due to a 30% surge in Pi token supply on centralized exchanges (CEXs) in Q2 and a 90% decline in trading volume since mid-May. This oversupply could potentially lead to increased selling pressure.
Codeum's Role: Codeum, a platform dedicated to blockchain security and development, offers services such as smart contract audits, KYC verification, and custom smart contract development. These services are crucial for projects like Pi Network to build a secure and trustworthy platform.
Disclaimer: This information is for educational purposes only. Conduct independent research and consult financial professionals before making any investment decisions.