Pi Network’s native token, PI, surged to a monthly high of $0.20 driven by recent double-digit gains. This rally coincides with the project revealing one million verified users completed over 526 million validation tasks for its KYC system. The team’s blog post highlighted the integration of this human workforce with AI to enhance its services. Despite the price pump, nearly 21 million tokens are scheduled for release on May 1, which could introduce new selling pressure.
The native token for Pi Network reached a monthly peak of $0.20 following a significant surge. This price point was last seen after the volatility surrounding its exchange listing earlier this year.
The project continues to announce milestones despite ongoing user criticism. A recent blog post detailed the completion of over 526 million validation tasks by a million humans.
This work forms part of the network’s identity verification system. “Unlike many other KYC tools, Pi’s KYC uniquely combines AI automation with the power of its massive distributed human workforce to accomplish accurate and efficient verification for over 18 million people in over 200 countries and regions,” the statement explained.
The protocol leverages verified participants to improve AI models and data quality. These individuals are paid directly in PI for their validation work.
PI’s market capitalization now approaches $2 billion, securing a position among the top cryptocurrencies. Data indicates a release of almost 21 million tokens is scheduled for May 1.
This unlock could intensify selling pressure in the market. However, the average daily unlock volume is expected to decrease to 6.7 million for the following month.
