Pi Network Aims to Compete with Worldcoin and Humanity Protocol

The Pi Network has been making waves in the cryptocurrency space with its recent announcements and developments. One of the most notable announcements is the network's plan to compete with Worldcoin and Humanity Protocol through its KYC-as-a-Service feature.

According to the developers, the goal of this feature is to provide a seamless Know Your Customer process for companies around the world. This will enable users to easily verify their identities and use various services without any hassle.

The network's coin, PI, has been trading at $0.1677, which is 35% above its lowest point this year. However, despite the recent announcements, the price of Pi Network remains under pressure. Experts predict that the price may continue to fall, potentially reaching the psychological level of $0.1500.

The developers have also mentioned that they are working on rolling out decentralized exchange and launching developer tools to create an active network where creators can launch apps and their accompanying tokens. However, the tokenomics, including ongoing unlocks and potential token burns, remain a concern for investors.