Pi Network announces special event: Starting October 29

Pi Network has announced that its PiFest event will resume on October 29th. The Pi Network team has also made statements in recent weeks regarding the release of Pi Node Version 0.5.0 and developments in the KYC (Know Your Customer) process.

PiFest Returns

Pi Network continues to announce new developments aimed at encouraging the use of its local cryptocurrency, PI coin. In this context, it was recently announced that the PiFest event will start on October 29. In this month, businesses that accept PI Network will be recorded on a map called Pi Map. PI coin owners will be able to easily view these stores through the PiOS app. The statement from the Pi Network front included the following statements:

Join us to increase real-world use of Pi and encourage local businesses to integrate PI into their operations. Head to the Pi homepage and read the PiFest guidelines to learn how businesses and Pioneers can participate.

The first event of the second PiFest was held in 2023 on December 6-11. This announcement by Pi Network sparked various reactions in the cryptocurrency community. While some predicted that PiFesst would increase the power of the project, others expressed that they were eagerly waiting for the PI coin to be released.

Latest Developments in Pi Network

Pi Network allows users to mine cryptocurrencies via their mobile phones. Users are waiting for the Pi Network project, which was launched on March 14, 2019, to launch its mainnet and native token, PI coin.

The Pi Network team has postponed the mainnet and PI coin launch many times so far. The latest statement from the project’s development team stated that all users must complete the KYC process, the final step before the mainnet transition, by November 30.

The Pi Network team is encouraging its users to become validators, stating that there has been an increase in KYC requests recently. Users who become validators will earn PI coin rewards for their efforts.