Pi Network Captures Global Attention with Explosive User Growth

By: cointurk|2025/05/06 18:30:01
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The Pi Network has surpassed a significant milestone with over 120 million downloads globally. In the last month alone, 1.3 million new users joined, strengthening the project’s goal to create a fair and open financial ecosystem. Developed by Stanford Ph.D. graduates, the project currently boasts 55 million active members. With Banxa’s K.Y.B. approval, Pi Coin has entered the global trading market, adding fresh momentum to the ecosystem. Massive Growth in Pi Network Downloads Pi Network has surpassed the 120 million download mark for its mobile application. By the end of 2024, the network had already exceeded the 100 million threshold, continuing its rapid growth. The project is gaining significant attention in the decentralized finance world, focusing on expanding its user base. Banxa’s K.Y.B. (Know Your Business) approval has opened the doors for Pi Coin to global trading. The cryptocurrency payment platform previously purchased $30 million worth of Pi and now plans to offer the coin for worldwide sale. This move will enhance the altcoin ‘s liquidity while expanding investment access. Soon, users will be able to trade Pi Coin via Banxa with different currencies. Challenges in Pi Coin’s Price Consolidation Pi Coin’s price is stuck in a narrow consolidation band, lasting approximately 40 days. Currently trading just above $0.58, the altcoin requires strong trading volume to return to the $0.60 – $0.62 range for momentum. Should the price surpass this level, investors may seek new buying opportunities; otherwise, the lack of market direction will persist, and volatility will remain limited. Technical indicators also present obstacles to gaining strength. The price remains below the 10, 20, and 50-day moving averages. The Relative Strength Index (RSI) sits just below the 40 mark, and the MACD indicator has yet to signal a bullish reversal. In addition, ongoing large coin unlocks keep the risk of surplus supply alive. Investors should note the past price increase from $2 to $2.90 followed by a drop to $0.40. The community continues focusing on long-term vision.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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