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Dear pioneers,

Imagine , one utility app buy the pi coins worth of $100 billion dollars yearly from open market and distribute among pioneers.

Would that help pi ecosystem ?

Lets go in the details.

Pioneers during mainet will buy goods or services using pi coins from businesses or vendors.

Businesses/Vendors will then sell pi coins in the open market.

PiChat will buy pi coins from open market and will distribute among pioneers 😊❤️

Pioneers will get atleast few coins they sold to buy goods or services and also gets back the coins as well 😎👏.

Isn't it amazing 🤩,

PiChat has got potential to become worlds leading social media because it truly values the time and engagement of ordinary social media users.

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Cameron Country Consensus

Pi Network Concensus Cameron Country

The $1000 campaign began last week and I must say, I'm impressed by the level of cooperation by pioneers worldwide.

Even though it's a high end consensus value regarding the $100, $300 or even thousand $ consensus we took earlier, considering the fact that we have mined pi for 2+ years now, it would be a waste if someone could just wake up at mainnet and purchase 2000pi at cheaper rate whereas you used 2 years to get the same 2000pi!

Since the CT had said earlier that pi is a community base crypto currency (read the white paper) we will expect nothing less than what we have worked for and if the value doesn't turn out to be favourable for the masses, it might create a serious dip in pi Network but I believe that our CT are smart thinkers so there's nothing to worry about. See foto below.

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Pi Media & Press Updates

What's New

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Core Team and Founder Nicolas Kokkalis answered selected questions.

November 1, 2021

Pi Core Team and Founder Nicolas Kokkalis answered selected questions submitted by the community about our new Pi Wallet! Watch the video here for the answers.
Q: Is Pi Wallet a custodial or non-custodial wallet?
A: Pi Wallet is a non-custodial wallet, meaning only you have access to your Passphrase/Secret Key (of your wallet).
Q: When will the Pi Wallet have the real Pi inside?
A: (It will have it) When Pi Mainnet is live. We aim to launch the Mainnet by the end of this year.
Q: Can I recover or reset my Passphrase if I did not save or lost it?
A: No. Typically this is not possible for non-custodial wallets, since no one else has your passphrase. So, keep your Passphrase safe and do not share with others. The Core Team is also working on a potential new mechanism utilizing your security circles to help with account recovery while maintaining the wallet as (a fully) non-custodial (wallet).
Q: I forgot my Passphrase to the wallet I recently created. Is it possible to create another wallet?
A: Yes. Create another wallet for now and make sure that you keep your Passphrase safe next time. The wallets currently only connect to the Testnet, only containing Test-Pi for testing, thus no real loss for you. But after the Mainnet, losing the Passphrase to your wallet with real Pi cannot be cured by creating another wallet like now and will result in you losing access to all the Pi in that wallet forever.
Q: I accidentally shared my passphrase with others. What should I do?
A: You should create a new wallet with a new passphrase and stop using the compromised one immediately. Since we are in the testing phase right now, it’s ok to create a new wallet. In the Mainnet phase you should immediately create a new wallet and transfer all your Pi to that new wallet, before others do.
Q: Does the Pi Wallet provide a custodial option, storing the Passphrase for Pioneers in the app? If not, will the Pi Wallet have a custodial option in the future?
A: Not for now. However, we may develop an optional custodial wallet in the future only if enough Pioneers show interest in this feature. So please let us know if you want to see that happening.
Q: Can I use other wallets?
A: Yes. Pi Testnet and Mainnet is and will be a public blockchain, thus any wallet compatible with the blockchain can work. Pi is fully accessible not only in your Pi Wallet but also any other Pi compatible wallet. However, the official Pi wallet is where you will get your mainnet Pi when we launch.
Q: Is the Pi Wallet following standards or did we make up our own?
A: It is based on the BIP39 and BIP44 standards. In general, there is a rule in cryptography stating that you should not make up your “own” crypto and should only use widely-accepted, peer-reviewed algorithms and standards.
Q: Why are there transaction fees?
A: Transaction fees (i) avoid spamming the blockchain with useless transactions and (ii) allow for transaction ordering during times of network congestion.
Q: How much is the transaction fee?
A: The current transaction fee on the Testnet is 0.01 Test-π. When you set a higher fee for your transaction, you still pay only 0.01, unless there is congestion, in which case transactions with higher fees are executed before transactions with lower fees.
Q: Where do transaction fees go and what are they used for?
A: All fees are currently simply getting burnt, by being accumulated in an inaccessible pool of burnt Pi. But in the future, fees could be used for mining rewards instead of mining new currency, or other purposes for the benefit of the community.
Q: Will passphrases stay the same after the launch of the Mainnet?
A: For your convenience, we aim for wallet passphrases to stay the same so that people don’t have to create them twice. So we urge you to get Mainnet-ready and create your wallets now.
However there is a chance, for technical improvement reasons, we may have to ask you to reset your passphrases before Mainnet.
Q: Will my wallet address be the same on the Mainnet and Testnet?
A: This has not been decided yet. Technically either way is possible, but we need to consider the pros and cons.

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How to delete your Pi account?

November 16, 2021

How do I delete my Pi account?

Inside the application, you can initiate the deletion process on your own.

If you are logged into your account, go to the menu in the upper left corner, then go to the “Profile” page, and click on the button “SEE HOW” to start the process.

Or if you abandon the account, then it will later fail verification and not be part of the Mainnet.

How do I delete a second account?

I accidentally made more than one account, and I do not want to be banned.

If you can log into your second account, you can initiate the deletion process on your own. Go to the menu in the upper left corner, then go to the “Profile” page, and click on the button “SEE HOW” to start the process.

If you are unable to log into the second account, we hope to have a feature inside the application in the future, where you will be able to declare a duplicate account and request for it to be deleted. Please make sure that you declare the duplicate account to avoid violations of the terms of service.

Keep it up Pioneers

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Is there any possibility to Change Minor errors on Pi account (Name Changes) before MainNet?

October 12, 2021

Questions : Is there any possibility to Change Minor errors on Pi account (Name Changes) before MainNet??

Ans: YES... there will be a chance to change name before Mainnet but only for minor mistakes or Errors..

"Full Name" replacement will not be allowed because it can be abused by those who create fake accounts to get through KYC.

Ex:

Blackk Smith

Change to Black Smith (this is Correct)

Abdullah Hassan

Change to Hassan Abdullah Ali (Not allowed ) 

For name change information,

Please visit:

http://pinetwork.atlassian.net/.../portal/1/article/27066411

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Change your Name Errors

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Pi Network Official Roadmap

Pi Network is unique in our technological and ecosystem design as well as the significance of our community input in development. This uniqueness is best served by a thoughtful and iterative approach that allows for community feedback, testing of products, features, and user experience, and phases defined by milestones. There are three main phases to our development: (1) Beta, (2) Testnet, and (3) Mainnet.

Phase 1: Beta

In December 2018, we publicly launched our mobile app on the iOS App store as an alpha prototype that onboarded the initial Pioneers. On Pi Day, March 14, 2019, the original Pi whitepaper was published, marking the official launch of the Pi Network. At this stage, our app allowed Pioneers to mine Pi by contributing to the growth and security of the future Pi blockchain. As the eventual goal was to launch the Mainnet and build an ecosystem around the Pi platform, the Pi app running on the centralized Pi server enabled mobile phone users (Pioneers) to contribute their security circles that, in aggregate, built the trust graph required by the consensus algorithm of the Pi Blockchain, and in return, the Pioneers received mining rewards. Furthermore, the centralized phase allowed the network to grow, the community to form, and the Pi token to be accessible and widely distributed. This phase also allowed for the iteration of many technical features and Pioneer experience by leveraging community input throughout the development process.

The following major accomplishments were made during the Beta phase:

The Pi Network mobile app was listed and accessible through the iOS App Store and Google Playstore.

Pi Network grew from 0 to over 3.5 million engaged Pioneers.

The Pi Network community actively engaged with the project through the app home screen interactions and chat app.

Pi Network reached 233 countries and regions around the world.

Phase 2: Testnet

This phase started on March 14, 2020, marking another critical preparation to the transition to a decentralized blockchain—a live Testnet with distributed Nodes from all over the world. Pi Network’s Node software enabled individual computers to support running the Pi Testnet using Test-Pi coin. Test-Pi was available only for the purpose of testing and has no relation to Pioneers’ account balances on the Pi app. The Pi Testnet has reached over 10,000 fully functional community Nodes and over 100,000 daily active Nodes on the waiting list, and as explained in a later section, will continue to exist for testing purposes in the Mainnet phase.

Pi Testnet allows for the testing of connectivity, performance, security, and scalability of the blockchain, and allows Pi apps developers to develop the Pi apps before they can deploy their app on the Mainnet. During the Testnet phase, 3 major strategies were adopted: (1) decentralization through Testnet Nodes, (2) growth through the main Pi app for mobile mining, and (3) utility creation through the Pi apps platform on the Pi Browser. The Testnet ran in parallel with the Pi mobile mining app from Phase and enabled decentralized community Nodes to get online and ready for the Mainnet. Specifically, the Testnet Nodes helped with the assessment of the blockchain’s performance, security, and scalability. It also helped Pi App developers test their apps against the Pi Blockchain. At the same time, the Pi mobile mining app continued to onboard millions of Pioneers, building the community and contributing to the security of the blockchain. The Pi Browser, along with the Pi SDK, enabled the community to create utilities and develop the Pi ecosystem.

The following major accomplishments were made during the Testnet phase:

Many versions of the Node software were released.

The Pi Platform was released along with key ingredients of our ecosystem infrastructure: Wallet, Browser, Brainstorm and developer tools.

Pilot version of the KYC app was introduced on the Pi Browser.

The project ran its first ever worldwide online Hackathon with thousands of participants from within the Pioneer Community.

Pi Network grew to over 30 million engaged Pioneers, and from 0 to over 10,000 fully functional community Nodes and over 100,000 daily active Nodes on the waiting list.

Pi Network reached almost all countries and regions in the world.

Phase 3: Mainnet

In December 2021, the Mainnet of the Pi blockchain will go live. The migration of Pioneer balances from their phone account to the Mainnet starts during this period. KYC authentication of a Pioneer precedes their balance migration to the Mainnet.

In order to allow for sufficient time for millions of Pioneers to successfully complete their KYC verification, create utilities in the Pi ecosystem, and continue to iterate on our technology and ecosystem design, the Mainnet will have two periods:

at first, firewalled Mainnet (i.e., the Enclosed Network), and then, open Mainnet (i.e., the Open Network).

The Enclosed Network Period

This period will begin in December 2021. The Enclosed Network period means that the Mainnet is live but with a firewall that prevents any unwanted external connectivity. Pioneers will be able to take time to KYC and migrate their Pi to the live Mainnet blockchain. Any balance migrated to the Mainnet can be used, by the choice of the Pioneer, to purchase goods and services in Pi apps, transfer to other Pioneers, or get locked up for a duration of time for a higher mining rate. KYC’ed Pioneers will be able to use their Pi on the Mainnet freely in an enclosed environment within Pi Network. However, this period will not allow connectivity between the Pi blockchain and other blockchains.

Advantages of the Two-Period Approach to Mainnet

There are multiple advantages to having an intermediate enclosed period to ramp up to the fully open Mainnet. This approach allows time for:

millions of Pioneers worldwide to pass KYC,

building and deploying more Pi Apps and allowing more utilities to be created and used,

transitioning Pi Apps deployed on the Testnet to the Mainnet, and

iterating on any modifications and adjustments to the Mainnet and the ecosystem before the Open Network.

The Enclosed Network period allows time for millions of Pioneers to KYC and migrate their Pi to the Mainnet. Only a small fraction of Pioneers have been able to complete their KYC around the launch of the Mainnet. Over the coming months, we will continue to roll out the KYC solution to more Pioneers and help them complete their KYC. If we moved directly from Testnet to Open Network, this would mean that the Pioneers who were able to KYC before others would have Pi available for use outside of the Pi platform while the Pioneers still waiting to complete their KYC would not yet have this privilege. The speed at which Pioneers all over the world are able to complete their KYC will depend on the speed at which each local community provides the KYC validator crowd work force as well as the speed at which individual Pioneers participate in the KYC.

Having the Enclosed Network period gives time for millions of Pioneers to complete their KYC and transfer their Pi to the Mainnet. This way, all the Pioneers who are willing and able to complete their KYC in a reasonable period of time get to use their Pi outside of the Pi platform at once. Given that external connectivity between the Pi Blockchain and other blockchains or systems is not allowed during the Enclosed Network period, this further helps Pioneers focus on transitioning into Mainnet without any influences external to the Pi Blockchain.

This period will also help the community focus on creating utilities and bootstrapping the ecosystem without any external distractions. Consistent with the vision of the Pi network to enable a utility-based ecosystem, this allows apps to deploy on Mainnet and create utilities for Pioneers. Pi apps will be able to switch from Testnet to Mainnet—to production mode for real Pi transactions. At this time, KYC’ed Pioneers will be able to spend their Pi on Pi apps, boosting utilities creation and bootstrapping the Pi ecosystem before the Open Network. This gradual and deliberate ramp to Open Network will help the apps, as well as the Pi Network, to uncover and resolve any glitches in the market and the technology. Thus, the Enclosed Network period is in line with Pi’s vision of a utility-based ecosystem and its iterative philosophy.

Moreover, the Enclosed Network will allow the Mainnet to run with production data and real Pi, which differs from Testnet. Data gathered during the Enclosed Network will help calibrate and tweak any configurations and formulae, if necessary, to ensure a stable and successful Open Network.

KYC Verification and Mainnet Balance Transfer

“Know Your Customer/Client” (KYC) is a process that verifies identification to distinguish genuine accounts from fake ones. The vision of Pi Network is to build an inclusive and the most widely distributed token and ecosystem for all Pioneers. The mining mechanism of Pi Network is social network-based, and the mining rate has halved 5 times so far as the social network size grew to over 1K, 10K, 100K, 1M, and 10M engaged members.

Therefore, Pi has a strict policy of one account per person. This requires a high degree of accuracy to establish that members in the network are genuine human beings, preventing individuals from being able to unfairly hoard Pi by creating fake accounts. Pioneers’ KYC results will depend on not only identity verification, but also their name matching with the Pi account and screening against government sanction list. KYC, thus, helps ensure the true humanness of the network and compliance with the Anti-Money Laundering (AML) and anti-terrorism regulations.

As communicated at the founding of the network, to ensure true humanness, fake Pi accounts and scripted mining are strictly prohibited. These accounts will be disabled, and will not be able to migrate to Mainnet. Over the past three years, multiple technical mechanisms have been implemented to identify bots and fake accounts. For the accounts identified as highly likely to be fake by Pi’s algorithm, the weight is on these accounts to prove otherwise. These identified fake accounts will either be disabled or go through a much more rigorous review and appeal process. The allocation of KYC slots will be prioritized for accounts with a high likelihood of being true human holders.

Only the accounts with verified identities will be allowed to transition to Mainnet, and only the Pi balances attributable to identity-verified accounts will be allowed to transfer to the Mainnet balance. When a Pioneer and their referral team and security circle members pass the KYC determines if and when, and to what extent, a Pioneer can transfer their balances. Below is a hypothetical example to illustrate how the KYC verification of Pioneers affects their balances in migration to the Mainnet.

For simplicity, we define different concepts of Pi balances as follows:

Mobile Balance: The Pi balance currently shown in a Pioneer’s account in the Pi mobile app

Transferable Balance: The balance that has been allowed to be transferred to the Mainnet because the Pioneer and their specific associated individuals in the referral teams and security circles have passed KYC

Mainnet balance: The balance that has been migrated and transferred by the Pioneer to the Mainnet

Suppose individual A is the owner of a Pi account who wants to transfer their Mobile Balance. Pioneer A will only be allowed to transfer any of the Mobile Balance to the Mainnet when their identity is verified, i.e., when they pass the KYC. Let’s say this individual has Individuals B, C, D, and E on their referral team and Individuals D, E, F, and G in their security circle. So far, only individuals A, B, D, and F have completed their KYC verification.

In this example setup:

A is a mining Pioneer who has passed KYC.

B, C, D, E are in the Referral Team of A.

D, E, F, G are in the Security Circle of A.

A, B, D, and F have passed KYC.

Here, A’s Transferable Balance is the sum of the following three components:

Pioneer Rewards: Pi mined based on A’s Pioneer status across all mining sessions

Contributor Rewards: D and F’s contribution to A's mining rate as Contributors in all mining sessions

Ambassador Rewards: Mining bonuses from all mining sessions when B and D as referral team members mined during the same session as A mined

As more of Pioneer A’s referral team and security circle members (i.e., C, E, and G) pass KYC, more portions of A’s Mobile Balance will become Transferable Balance—ready for A to migrate to the Mainnet, and ultimately become A’s Mainnet Balance.

During the Enclosed Mainnet period, any Mobile Balance that has not become Transferable Balance will remain in the Mobile mining app until the associated Pioneers in the referral team and security circles pass KYC and the corresponding amount becomes transferable to Mainnet. In the case of the above example of Pioneer A, the balance contribution by C, E, and G will remain as Mobile Balance for A in the mining app waiting for them to pass KYC in order for such balance to become transferable. If such associated accounts never pass KYC, the balance attributed to these non-KYC’ed accounts will expire at a certain date which will have allowed enough time for the whole network to KYC. The unclaimed balances due to lack of KYC will be discarded by not being transferred to the Mainnet at all.

Restrictions in the Enclosed Network

While transactions between Pi apps and Pioneers and Pioneer-to-Pioneer transactions are allowed within Pi Network, the Enclosed Network will have in place the restrictions as listed below. These restrictions at this stage help enforce the enclosed nature of the network:

There will be no connectivity between Pi and other blockchains or crypto exchanges.

Mainnet can only be accessed through the Pi Wallet and Pi apps on the Pi Browser.

The Mainnet blockchain will be accessible to any computer on the internet but only through a firewall to enforce the above rules.

There will only be Core Team Nodes on the Mainnet to ensure that the firewall is in place at all times.

The Enclosed Network will support the economic activities and growth of the Pi ecosystem. Thus, Pioneer-to-Pioneer transactions are possible through the Pi Wallet as KYC’ed Pioneers will be able to use the Pi Wallet to transact in Pi. Pioneers can also spend Pi in Pi apps on the Pi Browser, which can access the Mainnet through the Pi Apps SDK and the Pi Blockchain API. During the Enclosed Network period, an app on the Pi Browser can only use the Pi blockchain APIs whitelisted by the firewall to interact with the Mainnet.

The following uses of Pioneer-to-Pioneer, Pioneer-to-App, and App-to-Pioneer transactions will be allowed:

Exchange of Pi for goods and services through Pi Apps

Transfer of Pi between Pioneers for goods and services

The following uses will be prohibited:

Exchange of Pi for fiat currency

Exchange of Pi for other cryptocurrencies

Transfer for Pi for a future promise of fiat or other cryptocurrencies

We will enforce the above restrictions by adding a firewall to the Mainnet and by exclusively running the Mainnet Nodes for this interim period. Community Nodes will continue to run on the Testnet in the Enclosed Network period. We will continue to implement interface and other changes to the Nodes in preparation for the Open Network period where the Community Nodes will be able to run on the Mainnet. The restrictions of the Network to keep it enclosed will be relaxed as it reaches the next period—Open Network.

The Open Network Period Depending on the maturity of the Enclosed Network economy and the progress of the KYC, this period may begin on

Pi Day (March 14, 2022),

Pi2 Day (June 28, 2022), or later.

The Open Network period means that the firewall in the Enclosed Network period will be removed, allowing any external connectivity, e.g., to other networks, wallets, and anyone who wants to connect to Pi Mainnet.

API calls will not be firewalled, and Pioneers will be able to run their own Pi Nodes and API services. Pioneers will have connectivity with other blockchains.

Community Nodes can also run the Mainnet.

"DON'T FORGET TO SHARE PIONEERS"

"Every Pioneers will achieve Great Success"

Nicolas Kokkalis - Pi Founder

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