Pi Network transferred 14M token user to wallets

Pi Network in Crypto World is once again in discussion. Recently, Pi Core Team has taken a big step, taking out 14 million Pi Token from exchange wallets and transferred to the mainnet wallets controlled by users. The main objective of this transfer is to strengthen decentralization and give more control over their tokons to users.

What is this whole matter?

Pi Network is a mobile-based crypto project that Graduates of Stanford University Dr. Nicholas Kokkalis and Dr. Chengdiao fan was started. The purpose of this network is to give common people an opportunity to participate in Crypto Mining through mobile phones.

Recently, Pi Core Team has successfully transferred 14 million Pi Tokens to the Mainnet Wallets of Pi Network, after the end of “Grace Period”. This means that users who Pi Network KYC Had completed and activated his mainnet wallets, now he has got his toilets.

Dr. Nicholas Kokkalis statement

Head of Technology of Pi Network Dr. Nicholas also warned about this transfer:

“After the Grace Period is over, if the users do not secure their tookons, they may lose all the tooks except the tokans mined in the last 6 months.” Therefore, this transfer is also being linked to user education and token security.

What will be the effect on the market?

This transfer gives some important market gestures:

• Big step towards Decentralization – Now the token exchange is not in wallets, but users are in their own wallets, which has increased the ownership.

• Expecting Exchange Listing increased – Usually the project moves towards the project exchange listing only after transfer and KYC is completed.

• User activity likely to increase – When users get tokens, they are more active in the network, which strengthens the Ecosystem of the PI.

Will Pi Coin Price come up?

Although the trading of Pi Coin is not being done on public exchanges, such activities usually become a base of future price discovery. Many experts believe that when Pi Coin is listed on a large exchange, its value and demonic may have a big bounce. When such transfer in other projects such as Polygon and avalanche, there was a stir in the early market.

recently Pi Network Ventures Launch It has been introduced in which $ 100m has been invested in Startup, it will support both the fund startups and business. The purpose of this launch is to make Pi Token real digital currency.

What can be the future strategy?

This transfer indicates that Pi Core Team is now in the coming time:

• Pi can list the coin on an exchange.

• KYC can further accelerate process.

• Users can encourage active participants in the network application.

Conclusion

The mainnet transfer of 14 million pi token is a major achievement for Pi Network. This not only strengthens decentralization, but it also increases the trust and transparency in the network. It is a sign for investors and users that the project is slowly moving beyond its mining phase to real-world utility and possible market trading.

If you have not yet completed the Pi Network KYC or have not set up your Mainnet Wallet, do it soon because the next big step can be the exchanged Listing, which can take the value of Pi Coin to new heights.