PI Network has introduced a significant update of the customer’s knowledge process (KYC). The network has added a new feature allowing users to synchronize their KYC status with the mining application in the event of differences.
This update comes as excitement is built around the next PI2day. The pioneers impatiently provide a major announcement, with speculation ranging from the PI network list on the Binance to the launch of new ecosystem applications.
Pi Network presents a new KYC functionality
The new KYC feature is activated via a “Synchronizing the state on the mining application”. This addresses a longtime data synchronization problem that the Pi Core team has worked to solve.
“Objective of the new button: Allows pioneers to synchronize their KYC status between Piapp and Pibrowser. If your KYC status in the KYC application displays as` KYC has succeeded “but your mining application does not reflect, use this button to synchronize the status. It benefits so many users to finish KYC if synchronization problems”, a user displayed.
After launching the process, the KYC status of a user obtains “provisional approval”. This means that the KYC process is still being examined and that other checks are necessary before final approval.
This new feature coincides with increased anticipation surrounding Pi2day. Pi2day is celebrated on June 28 each year. It relies on the day of the IP (March 14), doubling the value of PI from 3.14 to 6.28.
This is an important event for the Pi network community focused on the progress and development of the network. With less than 10 days for PI2day, the PI community is more and more optimistic about a breakthrough.
A survey conducted on X (formerly Twitter) by a pioneer revealed that more than 40% of respondents think that Pi Coin (PI) will be listed on Binance Le Pi2day. PI users have been waiting for this since the launch of the open network.
Despite a community vote in which 86% of users took care of the PI list on Binance, the exchange has not yet acted on the addition of PI to its platform. If this happens, this could considerably increase the liquidity and the presence of the token market.
In addition to speculation on the list of binances, there are rumors according to which new ecosystem applications will be launched on the day of PI2.
“According to confirmed sources, the PI2day (June 28) is in preparation. A batch of new ecosystem applications will be broadcast. Some of the most awaited announcements will be revealed!” Pi Barter Mall wrote.
Could Pi2day trigger a price recovery for the PI piece?
Although these predictions remain speculative, Pi Coin could benefit from any positive feeling, given its recent market performance. In the past 30 days, the PI price has dropped by 27%.
At the time of writing the editorial staff, PI exchanged $ 0.54, down 3.3% in the last day. The medal is only 32.8% of the harm of a hollow of all time.
Beincryptto also reported a 30% increase in the Pi tokens supply on centralized exchanges (CEX) in the second quarter and a 90% drop in the negotiation volume since mid-May. This has raised concerns about excess pressure and potential sales pressure. Despite these challenges, the pioneers hope for a price rebound.
“The current decline is a disguised blessing. Although some are frustrated, I feel super optimistic because I can see that the heavy resistor levels at $ 0.6 to $ 0.8 are now diluted by the box.
Meanwhile, Pi Barter Mall predicts that Pi2day could trigger a rally for Altcoin. The user expects Pi bouncing his current bottom, potentially passing to a fork of $ 1 to 3 or even reaching a new record.
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