I'm here to provide some clarification on a subject that may interest you today: switching from Pi to Mainnet. You've arrived to the correct place if you've been following Pi Network's amazing progress and are eager to move on to the Mainnet. So let's get started and see how you can actually do this conversion.
Make sure we're all on the same page before we get into the exciting Pi Network developments. I assume you've heard of the Pi Network. This incredible cryptocurrency project is all about developing a decentralized, open-source digital currency. It began as a mobile mining application, which was cool since it made it possible for individuals like you and me to mine Pi tokens in a distinctive and resource-efficient manner.
Read: Is Pi Network listing on Atlantis Exchange real?
Pi Mainnet: What is it?
Hello to everyone! Before you migrate your Pi coins to the Mainnet, I'd like to give you some vital information. It is critical to comprehend the nature of the problem. So, please allow me to explain it to you in simple terms.
You are aware of Pi Coins, correct? They are this amazing digital money that has recently generated a lot of hype. You must now be knowledgeable when it comes to sending those priceless Pi coins to the Mainnet.
However, what precisely is the Mainnet? Consider it to be the Pi network's major leagues. The magic takes place there, in real life. Your Pi coins are essentially entered into the official Pi network when you move them from the Pi network to the Mainnet. Quite amazing, huh?
Now comes the critical part: before beginning the Mainnet transfer, take some time to properly comprehend what you're getting yourself into. Check that you are familiar with the procedure, that you fully understand it, and that you have double-checked any regulations or suggestions.
Why is this action so important? It all comes down to knowledge and ensuring that your Pi coins are in good hands. You want to steer clear of any unwarranted dangers or catastrophes along the path, correct?
Hey there, everyone! Let me update you on some noteworthy developments involving the Pi Mainnet. For everything involving Pi transactions, this is the platform you use! Visualize this: a state-of-the-art blockchain system built specifically for users to trade Pi currencies (or tokens). Using this excellent platform, you can transfer and receive Pi coins with ease for a variety of uses. That is incredible, isn't it?
Now that the Mainnet is operating at full capacity, I have some thrilling news to share with you. It's time to move those priceless Pi coins you've been painstakingly mining to the Mainnet, Pioneers who have been mining them for a while now. I've got you covered with all the instructions, so don't worry. Let's dive in and review the information below!
Transferring from the Pi Network to the Mainnet: A Complete Guide.
Hey, let's see whether you've already completed some of the stages without even recognizing it before we get started! Pick up your phone, then launch the Pi Network app. Navigate to the "Mainnet" area on the sidebar once you've entered. Let's check to see if you have already completed certain tasks without realizing it. I know, exciting stuff.
As a result, there are many possibilities waiting for you when you head over to the selections, all of which are welcoming. Watch for our trusted companion, the "mainnet checklist," and give it a warm click. Once there, simply scroll down a little to check off any stages you've successfully completed thus far. And what's this? Below, you'll find some helpful tips that are prepared especially for you! So let's get in and begin this exciting journey together, shall we?
Step 1: Install Pi Browser.
Pi Network made this fantastic platform called Pi Browser, and it is jam-packed with tons of wonderful features! Pi KYC, Pi Wallet, Fireside Forum, and many other features are available. Make sure to download and install it as soon as possible on your device if you haven't already. Why? Why? Because you'll be able to transfer your priceless Pi coins once you get it! It is quite simple to obtain since it is available on both the Google Play Store and the Apple App Store. Oh, and here's a little advice: after you do that, pay attention to the first checklist tab. It will turn green once the download is finished. I know, exciting stuff. Let's get going and explore the Pi Browser universe!
Step 2: Creating a Pi Wallet.
So, here's what you have to do to launch the Pi Browser application. On your mobile, first launch the app, then search for the wallet option. You only need to tap on it to start using it. Oh, and to get to the Pi Browser app quickly if you're using the Pi Network app, just press on the second item on the list.
Now, don't worry if you haven't yet made a wallet. Simply choose "create new" and then select "generate wallet" from the menu. Simple as pie, right? If you have any further inquiries, please let me know. Have fun exploring Pi Browser!
There will be a special phrase in a box when you check the screen. Simply press the copy button, and make sure to store the passphrase somewhere extremely secure and private. It will be a major bummer if you lose this passcode because you won't be able to access your Pi wallet under any circumstances. And what's this? That implies that you also won't be able to obtain those transferred Pi tokens. They will be completely unreachable!
And here's a nice piece of advice for you. You may set up a fancy biometric authentication system that uses your fingerprint or even your attractive face to unlock it if you want to make things even more safe and practical. Amazing, isn't that? It will make getting to your Pi wallet a cinch!
Let's now discuss this Pi wallet. All of the Pi coins that you transferred will appear in this unique location. Similar to your own personal treasure chest, it is available for use in transactions taking place on the mainnet contained. So start using those Pi money like a champ and have fun!
Step 3: Verify your Pi Wallet.
After generating your Pi wallet, you must now confirm it. Click the third item on the mainnet checklist to get started. You will then be directed to a screen where you must input the passcode for your Pi wallet that you previously copied.
Paste the passphrase into the text box and click "confirm your wallet" to finish this step.
Step 4: Adhere to the lockup configuration.
This key stage frequently confounds many people. But rest assured—I've got this covered for you! To avoid any mistakes, simply carefully follow these directions.
We will therefore commit a portion of your mined Pi coins in this stage for a predetermined amount of time. And what's this? Your mining rate will increase, which is really cool!
The premise is that the more Pi coins you commit and the longer your commitment time, the higher your mining rate will be. But keep in mind that once you commit those Pi pennies, they will be off-limits for a while.
You may either tap on the fourth checklist item or manually navigate to the "Configure lockup rate" option in the mainnet section to begin setting up the lockup. Watch out for the lockup percentage and lockup duration sliders right now. The first allows you to set the percentage of your Pi coins that will be locked up, and the second establishes how long this lockup configuration will last.
A crucial warning: agreeing to the lockup settings is a required action. If you want to proceed to the exciting following steps on the Mainnet checklist, it is a requirement. Let's get started and make it happen, then!
Step 5: Complete and submit your KYC application.
The KYC verification process for transferring your Pi coins to the mainnet requires some important information, therefore allow me to share it with you.
Make sure you have the required papers on hand before you begin your KYC process: a government-issued document like a passport, driver's license, or national ID. Once you have those, utilize the Pi Browser software to find the KYC section.
You'll find a form in that part where you must enter your information and other information. Oh, and to make sure everything works as planned, there is also a liveness check. Simply click the submit button after completing the process and entering all the required information.
However, I am aware that KYC requirements can occasionally be challenging. If you're feeling stuck, don't worry! We are on your side. Check out our simple instructions to finish the Pi Network KYC verification process. It will walk you step-by-step through the entire procedure. Wishing you luck as you verify!
Step 6: Wait for the KYC results.
You must wait a certain amount of time after submitting your KYC application in order to learn its status. But fear not—I have some thrilling news to share with you! I have a useful checklist that will allow you to ascertain whether or not your application has been accepted.
So let's all look at it together. Congratulations if your application has a lovely shade of green next to it and it states that you are now qualified to move to the mainnet. It indicates that the KYC verification process was successful for you. And what's this? This opens the doors to steps 7 and 8, advancing you toward your objective. Isn't that wonderful?
Step 7: Sign the Acknowledgement Form to Receive the Tokens
There is a quick procedure you must do before moving your Pi coins to the mainnet. Don't worry; it's not that difficult. To acquire your tokens, you simply need to complete a brief acknowledgment process. This is all done as part of the Pi network's legal compliance.
Simply read the acknowledgment document thoroughly to get started. After reading it all, scroll all the way to the bottom. What can you expect to find there? There are two buttons: "I Accept" and "I Decline," my friend. It is crucial to select the choice that best suits you right now.
The only thing you need to do is click the welcoming "I Accept" button in order to effectively migrate your Pi to the Mainnet. And presto! You will be kindly prompted to enter your Pi wallet passphrase in a cute little input window that appears. Enter your information and press the submit button. This will ensure a smooth transfer by linking your cryptographic signature to your verified wallet.
Step 8: migrate to the mainnet
Your transferrable Pi coins will enter the migration queue as soon as you sign the acknowledgment. Interesting, huh? You do not need to be concerned because those coins will be immediately sent to your wallet in a matter of hours.
The catch is that your brand-new Pi coins will not be used for 14 days following the transfer because of a waiting period. I realize it is a little disappointing, but hey, good things do come to those who wait, right? The good news is that once those 14 days have passed, you will be free to use your coins right away. How amazing is that?
So, here's the lowdown: what exactly are those Pi tokens that are locked up in the settings and that you can not currently move around? So here's the deal: they will become transferable after the lockup period has passed! Really nice, no? Just thought you would be interested.
Really, it is a piece of cake! Your transferred money will be ready for some thrilling mainnet activity after the 14-day waiting period, when they become unlocked. You may exchange them, conduct deals, and explore a ton of other exciting things!