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pi network utilities $Pi Network utilities are designed to provide value to its users, known as Pioneers, and create a robust ecosystem. Here are some key utilities: *Platform-Level Utilities* - *Pi Ad Network*: Allows advertisers to acquire and use Pi to place ads in the Pi ecosystem and Pi Apps on the Pi Browser. - *Pi Domains Auction*: Enables participants to secure customized .pi domains, enhancing the ecosystem's functionality. $PI

🚨 Volatility Alert All eyes on the FOMC and its press conference this week (FedWatch: ~1.3% chance of a 25bps cut) Mon: Auctions: T-Bills ($144B) and 3-Yr ($56B) Tue: 10-Yr Auction ($42B) Wed: Fed Rate Decision Thu: 30-Yr Auction ($25B), BoE Rate Decision Fri: Canada Unemployment

May 2nd - 7:23pm Newly released features enable more verified people to have Mainnet wallets to directly participate in Mainnet utilities! Mainnet wallet activation features are now available for identity-verified individuals—including millions of fully and most tentatively KYC’d Pioneers. This unblocks their participation in, and broadens the inclusion of, the Pi Mainnet ecosystem including direct interactions on Mainnet blockchain, Pi apps, local commerce and events like the .pi Domains Auction. The new Mainnet wallet activation feature enables identity-verified Pioneers, including those who are fully KYC’d and most who are tentatively KYC’d, to be able to activate their wallet on the Pi Mainnet blockchain. This unblocks their participation in, and broadens the inclusion of, the Pi Mainnet ecosystem. Though Mainnet migration is ongoing and the network is committed to speeding up and completing migrations, migration takes more time because, in addition to the identity verification, complex processes and analyses need to run and users need to take actions to ensure the right amount of Pi is securely distributed to real Pioneers who did not cheat. The decoupling of Mainnet migrations from the ability to have a Mainnet wallet helps expand access to engage with the Pi Mainnet ecosystem to millions, while it still ensures that all participants in the Pi Mainnet have verified their identity through KYC or KYB.  Eligible Pioneers can go to the Pi Wallet app in the Pi Browser to get started. Furthermore, people who are not yet Pi users (non-users) can access the Pi Mainnet blockchain and ecosystem in a much simpler manner via another new feature released today. This feature is available in supported regions through third-party services that integrate with Pi. Non-users can now easily obtain a wallet on the Pi Mainnet blockchain after passing similar KYC requirements on those third-party services to participate in the Pi Mainnet ecosystem. Important note for Pioneers: Passing third-party KYC will only enable Mainnet wallet creation, and it will NOT have an impact on Pioneers’ Mainnet migration for the reasons mentioned above. Note: Pi is exploring the expansion of KYC authority—the ability to perform KYC for Pioneers—to third-parties that meet the same and equivalent standard. However, third-party services may not have the same scalability or wide geolocation coverage as Pi Network based on their own business considerations. So, any third-party services that Pi is experimenting with are in a pilot beta phase. The first such third-party service, an onramp, has recently integrated with Pi after passing KYB requirements. This service has its own geolocation restrictions and is not available to all countries and regions. While the integration has been tested and is ready for Pioneers to start using, being in the beta testing phase means that the integration may require further iterations and improvements in order to scale to handle Pi’s tens of millions of users, and may be paused or adjusted in the future. Pioneers can provide feedback about the service through Pi’s official communication channels and apps. We invite other onramps to apply for KYB verification as well. Before this feature, the only way for non-users to participate in the Pi Mainnet ecosystem was to start from scratch to mine the minimum 30 mining sessions after registering an account, pass Pi KYC, and complete Mainnet migration steps to migrate, which can overall take a long time. This feature largely reduces the steps and time required for non-users to receive Mainnet wallets and interact directly with Pi utilities, which in turn onboards more people into the Pi Mainnet ecosystem sooner—while still upholding our network security and KYC standards.  Also, unlike non-users—who only transact Pi on centralized exchanges, do not actually possess Pi on the Mainnet blockchain, and cannot directly participate and contribute to the Pi Mainnet ecosystem—the non-users onboarded through this feature will own a Mainnet wallet on the Pi Mainnet blockchain. Therefore, they are able to participate directly in Pi apps, Pi local commerce, and events such as the .pi Domain Auction, expanding the potential contributions to our ecosystem from non-users.  In addition, this feature signifies a new change for more openness, where Pi is authorizing the first third-party to perform KYC for Pioneers outside the native Pi KYC solution, after KYB verification and the validation of the standards of the third-party service’s KYC procedure. This expansion of KYC authority to this third-party service for wallet creation is also part of the effort to improve the accessibility and inclusivity of the Pi Mainnet overall. The third-party service is Banxa, the onramp mentioned earlier, and it is listed as a KYB’d service on the official Pi webpage. $PI

MigrationPi Network now allows both fully and tentatively KYC-verified users to activate Mainnet wallets.Mainnet wallet activation is separated from the migration process, enabling broader access for millions globally.Non-users can join Pi ecosystem via third-party services after passing similar KYC requirements. Pi Network has rolled out a major update that expands access to its Mainnet wallets. On May 2, the team announced on X that identity-verified Pioneers, whether fully KYC-approved or partially verified, can now activate their wallets, bypassing the previously mandatory full migration process. This shift unlocks wider participation in the Pi Mainnet ecosystem, allowing users to dive straight into blockchain activities, Pi applications, and local commerce. It also clears the path for involvement in events like the ongoing .$PI Domains Auction, a highly anticipated feature within the community.

Bitcoin Cash ($BCH) and Polkadot ($DOT) made notable moves today, diverging from the broader market trends. $BCH experienced a 7% uptick on rising merchant adoption, signaling renewed interest in on-chain transactions. Meanwhile, $DOT gained 5% after a major parachain auction teased potential network expansions. Solana ($SOL) also caught attention, surging 9% amid growing DeFi project launches on its platform, although it remains volatile after recent outages. Terra Classic ($LUNC) saw a modest 3% rise following community governance talks, hinting at upcoming protocol adjustments. Notably, Avalanche ($AVAX) kept steady despite bearish pressure, maintaining strong developer activity. Traders should watch these assets closely as shifting narratives and upgrades could fuel further volatility in the coming sessions.