So hey guys, welcome back to my channel, Nitron Crypto. So in this article I'll be talking about a big, big update coming from the P Network. Launching, as you know guys, yesterday was 15th March, which means yesterday was Pi Day, the fifth anniversary of Pi Network. That means 5 years have been done by launching the Pi Network application. And as I mentioned before during the time of Pi Day, that is the anniversary day, we have the news coming up regarding the launching of P Network.
So, today in this video, I'll be talking about the KYC problems which will be clarified by the updation in their application and the launching. They have given us three new, uh, what you can say, conditions by which after we complete that conditions, we are going to get the launching of their P Network. So what are those three conditions we'll be talking and I will be explaining that. So once we have that condition met, we are ready to launch, they have said in the P Network official Twitter handle. So we'll be all discussing that. It's going to be a very interesting update for those who have been mining the P Network.
First and foremost, guys, if you are new to our Channel, don't forget to subscribe, hit the Bell icon, join our telegram Channel. The Links of all our videos will be in our telegram channel. So guys first and foremost, I'll be going up to their application and here you can see the application also has been updated. So once you open up the application, if you swipe up, you will be getting the Fireside Forum. So here it is in-built in their application now. So this is the one of the update. So if you can click it here and once you go to the, uh, page, you can go to the browser automatically, and then you can there you can post and you can check out your coins, whatever coins which will be converted into pie coins, which I have also previously told. All that thing is in one application itself. Now, so this is the new update coming from the Pi application.
Now let us talk about the conditions for those who are, uh, ready to withdraw their, to for the launching of the P network. What are the conditions for that which they have given us in their update in during the time of Pi Day, that is on 15th March, which was yesterday. So first of all, let me go and tell you the step number one or the condition number one which they have given. So guys, the first and foremost is their legal documents, which I have also previously told that legal documents have to be ready, and they will be getting that ready. So this is a simple, uh, requirement or condition, but the next two are the main focusing conditions which is a think for us to worry about because we don't know when exactly the time will come for this so what is that, what is that everyone is waiting, the second condition would be the 15 million KYC. The second update or the second condition would be regarding KYC. So they are saying once 15 million KYC is done, that means 15 million people or 15 million Pi users KYC is done, then they will be launching up the main net. So along with that, they are saying 10 million migration. So those tokens which are migrated to the wallet. So this is also included. So one will be the 10, I mean the 15 million of the KYC to be done. So those who haven't done the KYC, your update will also be here itself, don't worry the update regarding your KYC also I'll be telling you here. And next thing will be 10 million of the migration. So you might have now a question, how much is the number for now? So 15 million should be required in KYC and 10 million in the migration.
So what is the current, uh, amount of the KYC done and current amount of migration done? So talking about that for now, 9.45 million people have completed their KYC, 9.45 million and almost 4.5 million of migration is done. So you know there is little more pending that some people, uh, KYC has not been done. So their issue also, they have reflected here and have mentioned that. So there are many people yet to be done with the KYC; we are having a closeup number of 15 million. So it is still almost 5 plus million still remaining. And talking about the migration, almost again 5.4 million is still remaining. So we have uh, those people whose KYC is pending, those people whose KYC was uh, banned or canceled, what is the solution for that because without them we cannot have the launching, that's what they are saying.
So, they, that's a good news for them because their KYC will be re-reissued. And how it is done, I'll be telling you. So guys, what exactly you have to do, those, uh, those people who got canceled, their uh, what you can say KYC or for those people whose KYC is pending, so first and foremost, go to your application, update your application, and the good news again they have officially mentioned that 6 million people whose KYC was banned or whose KYC was uh, canceled, it is now unblocked. They're saying that their KYC, which was blocked previously because of some errors, now it is unblocked, that is the 6 million people. And many of my subscribers because I receive a lot of comments, you are also included in this. So what you will be getting is a pop-up in your application for completing a KYC. So don't worry, it will all complete in the update. So once you update your application, it will automatic, come the pop-up will come to do your KYC again. And remember to do it properly, a detailed KYC video is also in the description, you can check on, and you can complete your KYC. So this is for your them.
And also, if your KYC was failed because of the document clarification, your documents were not clear, you will also be included in these unblocked people, that is almost of 6 million. And regarding the migration to main net, remember this will be done automatically, you do not to worry about that, the migration button will be open automatically once your KYC, all the steps checklist is completed, the migration of migration to main net will be automatically coming up, the button will be coming up, and then you will be able to complete that. So guys, talking about the third condition, the third condition they are saying that they are expecting 100 apps in the Pi OS, that is operating system of Pi, they needed 100 apps. So for now, how much the apps are there, if you count the apps, there are almost 50. So this number is very near, so 50 apps are already running on the Pi OS, so this includes the Fireside Forum, the wallet of Pi, the P browser, all these are built on the, uh, OS or OS of the Pi. So this is also included. So 50 more, once they reach 50 more, the Pi, the third condition will be met, and what you can say, all the three conditions, once it completes, the Pi network is ready to launch.
So now the question, when exactly it is done, so when exact we can expect. So this I think it will be after April, so I don't think it will be before that, but for me, it is 100% sure that 2024 will be the listing of Pi. So 2024 will be the listing of Pi. So anybody who thinks it won't be listing up, just comment down, and those who will be telling up the month of Pi, uh, properly. So for me, I'm expecting it is after April, so what do you think? So if you can tell a proper month, whether it will be June, July, March, April, May, or November, December, any month you can tell. And if that month is met, so you say it's on July, and the July will be the launching of Pi. And if you are correct, we'll be having a giveaway for you also. Let's see how many people will be doing that correctly. And make sure this video gets 200+ likes for that giveaway to be happening up. So don't forget to do all that, and I'll be meeting you in the next video. Until then, take care, goodbye.
Q: What update was announced regarding P Network launching?
A: The update mentioned the conditions required for the launch, including KYC completion and migration to the main net.
Q: What are the conditions for the P Network launching?
A: The conditions include having legal documents ready, completing 15 million KYC processes, and having 10 million token migrations completed.
Q: How many people have completed their KYC process and migration for P Network?
A: Approximately 9.45 million people have completed KYC, and around 4.5 million have migrated their tokens. There are still pending KYC processes and migrations.
Q: What resolution has been provided for KYC issues and migration problems?
A: An update in the application unblocked KYC for 6 million users whose KYC had been canceled. Users with pending KYC will receive a pop-up to complete the process. Migration to the main net will happen automatically once all steps are completed.
Q: What is the third condition required for launching the P Network?
A: The third condition is to have 100 apps in the Pi OS. Currently, there are around 50 apps, including the Fireside Forum, Pi wallet, and P browser. Once 50 more apps are added, this condition will be met for launch.
Q: When can we expect the Pi Network to launch?
A: The launch is expected to be after April, potentially in 2024. Viewers are invited to predict the month of the launch for a giveaway challenge.
