PIJSwap Completes KYB: Proof That Pi Network Is Ready to Compete with Ethereum?

 

Pi Network Takes a Big Step Towards an Open Blockchain Ecosystem

Pi Network is increasingly proving its commitment to building a robust and decentralized blockchain ecosystem. The latest news comes from PIJSwap, which has officially completed the Know Your Business (KYB) process and is now awaiting the next stage of deeper integration with Pi Network.

This development strongly indicates that Pi Network is moving towards its Open Network phase, bringing more transparency and decentralization. As part of the KYB process, Pi Network has carefully assessed several key factors that will shape the future of its ecosystem.

Why is KYB Important for the Pi Network Ecosystem?

In the crypto world, Know Your Business (KYB) is a verification process for businesses or projects that want to operate within a blockchain ecosystem. The KYB process ensures that companies joining the network comply with regulations, maintain transparency, and are free from illegal activities.

By completing KYB, PIJSwap is now one step closer to becoming an official part of the Pi Network ecosystem. This will allow their services to be more easily integrated, increase community trust, and open new opportunities for developers and users.

Pi Network’s Key Considerations During the KYB Process

During the KYB process, Pi Network focused on two crucial questions:

✅ "If your business will be creating a Layer-2 token on Pi, does this token already exist on another blockchain?"

✅ "If your business will be creating NFTs, do you already have NFTs on another blockchain?"

These questions strongly indicate that Pi Network is determined to create a unique ecosystem, rather than merely replicating existing blockchain models. Pi Network aims to ensure that projects built on its platform are truly exclusive and offer added value compared to other blockchain networks.

Pi Network Prepares for a DApp and Onchain Ecosystem Explosion

One of the key takeaways from this KYB process is that Pi Network is preparing for rapid growth in decentralized applications (DApps) within its ecosystem.

Similar to Ethereum’s rise with its smart contracts and DApps, Pi Network appears to be developing an onchain Virtual Machine (VM)-based ecosystem, allowing developers to build applications and services natively on the Pi blockchain.

If this vision is successfully realized, Pi Network could experience an explosive growth phase similar to Ethereum’s early DeFi and NFT boom. This also means that more projects and innovations built on Pi will attract investors and users from other blockchain ecosystems.

The Future of Pi Network: Towards a More Open and Decentralized Blockchain

KYB is just one step in Pi Network’s journey toward becoming a mature and open blockchain ecosystem. As more projects complete KYB, the Pi ecosystem will expand and attract a larger community of developers and users.

What Can We Expect from Pi Network’s Growth?

✅ A stronger Pi Network ecosystem with more onchain applications and services.

✅ Pi Network could become a serious competitor to major blockchains like Ethereum and Binance Smart Chain.

✅ An increasing number of innovative projects built on Pi, boosting its value and functionality.

✅ Pi Network will become even more attractive to users looking for decentralized applications without relying on traditional blockchain networks.

Conclusion: The Golden Era of "Build On Pi" is Coming

With this major step, the future of Pi Network looks incredibly promising. KYB is not just an administrative process but also a strategy to build an exclusive, high-value ecosystem that stands out in the blockchain industry.

As PIJSwap emphasized:

✅ Onchain, Not on-chain!

✅ Crosschain, Not cross-chain!

✅ One World, One Pi Network!

If everything goes according to plan, we may soon witness an explosion of innovation within the Pi Network ecosystem. Are you ready to be part of this blockchain revolution?