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Home/Pi Network/Page 9

Tag: Pi Network

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link https://minepi.com/Shiraverse and use my username Shiraverse as your invitation code.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What were the key objectives of the Testnet phase?

The Testnet aimed to test connectivity, performance, security, and scalability of the blockchain. It facilitated app development and deployment through the Pi Browser and SDK.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What were the major accomplishments during the Testnet phase?

Multiple versions of the Node software were released. Key infrastructure components like Wallet, Browser, and developer tools were introduced. Pi Network grew to over 55 million engaged Pioneers, with thousands of functional community Nodes.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What are the two periods within the Mainnet phase?

The Mainnet phase comprises an Enclosed Network period followed by an Open Network period.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What is the purpose of the Enclosed Network period?

The Enclosed Network period allows time for Pioneers to complete KYC, transition balances to Mainnet, and build utilities in a controlled environment.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What are the advantages of the Enclosed Network period?

It enables KYC completion for Pioneers worldwide, utility creation, and ecosystem iteration before the fully open Mainnet.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

When does the Open Network period commence, and what does it entail?

The Open Network period may start after the Enclosed Network period, allowing unrestricted connectivity with external networks, wallets, and blockchains.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What were the major accomplishments during the Beta phase?

The Pi Network mobile app was launched on iOS and Android stores. The network grew to over 3.5 million engaged Pioneers. Active engagement was observed through the app’s home screen and chat functionality. Pi Network reached users in 233 countries and regions globally.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What was the objective of the Beta phase?

The Beta phase aimed to onboard initial Pioneers, grow the network, and iteratively develop technical features and user experience based on community input.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

How is the app usage reward calculated?

The reward is calculated based on the time spent in Pi apps and the diversity of apps used. The formula considers a Pioneer’s time spent per app, the logarithmic value of total time across apps, and the average daily time ...Read more

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What factors influence the app usage reward?

Time spent in apps: The formula rewards more time spent, but with diminishing returns to prevent exploitation. Diversity of apps: Using multiple diverse apps is incentivized to encourage the creation of a variety of utilities. Recent usage: Recent time spent on apps ...Read more

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