Pi Community declares AI KYC software and partnership with CiDi Video games as PI worth drops, whale reloads, token unlocks loom, and $10 million fraud lawsuit heads to court docket.
abstract
- Pi Community has built-in new AI KYC instruments to scale back guide checks, increase mainnet unlock entry, and enhance privateness for pioneers in areas the place human validators are missing.
- The undertaking invested in CiDi Video games to construct Pi-enabled video games and increase real-world token utility whereas PI costs fell and main whales resumed lively accumulation.
- A US investor lawsuit alleges billions of {dollars} of secret gross sales of PI, worth manipulation and intentional delays in opening mainnet, and seeks $10 million in damages at a listening to on December twenty third.
Pi Community has carried out a number of technical updates in latest weeks, however the worth of its native token has fallen considerably and the undertaking is going through authorized points, in keeping with data from the event group and court docket filings.
Pi Netork adjustments on the horizon
The Pi Community (PI) core group not too long ago built-in an extra synthetic intelligence software (referred to as Pioneer) designed to streamline the know-your-customer (KYC) verification course of for customers. In keeping with the announcement, this improve will tackle a scarcity of verification in areas with restricted human reviewers, increase mainnet unlock KYC entry for extra customers, scale back the variety of purposes that require guide evaluation, and strengthen privateness protections.
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The undertaking additionally introduced a partnership with CiDi Video games, a platform for growing Pi-related video games. In keeping with the announcement, the partnership goals to increase the real-world purposes of the PI token and supply additional alternatives for community individuals.
Pi Community is presently going through authorized motion from a bunch of customers who’ve filed a lawsuit alleging that the undertaking secretly bought billions of PI tokens, manipulated token costs, and deliberately delayed the launch of Open Mainnet. The plaintiffs are in search of $10 million in damages and title co-founders Dr. Nicholas Kokkaris and Dr. Chendia Huang, in addition to different unnamed people, as defendants. A court docket listening to is scheduled for Dec. 23, 2025, in keeping with court docket paperwork.
In keeping with market knowledge, the PI token has skilled a major worth decline from its highs in early 2024. In keeping with undertaking knowledge, the token unlocking schedule reveals that over 182 million PI tokens are scheduled to be launched over the following 30 days, which equates to a median of over 6 million cash unlocked per day. Such releases sometimes improve the availability accessible in the marketplace.
Though the undertaking’s growth group has not launched any official statements relating to a attainable replace scheduled for early 2025, group members are speculating about future bulletins.
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