Pi Network has activated the two -factor verification (2FA) system to increase the security of user wallets during the main network transition process. This new security system required e-mail verification for some users. The balances of accounts that do not complete the security steps will be sent back to the mining application. The aim of the new system is to prevent unfair access and minimize the risks of wrong processing.
2FA system and Pi Refund Mechanism
Pi Network users will have to make an e-mail verification to ensure account security during the main network transition process. The Pi Core team said that 2FA security system aims to protect users’ assets. If users do not complete this security step, Pi balances in their accounts will be restored to mining application.
This system offers a mechanism to prevent incorrect and fraudulent transfers in addition to providing account security. With 2FA, it is aimed to prevent unauthorized access to accounts and to take Pi transfers safely. Users can secure their accounts by e-mail verification to adapt to new security policies.
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Pi Coin and Market Dynamics
Following the Pi Coin price, fluctuations were observed after 2FA update and announcement of the main network passage. The price movements approaching critical support levels in the crypto currency market created a symmetrical triangular formation. These technical indicators show that the price can enter the trend of rise or decrease in the coming period.
However, for the Pi Network’s local tokens, a release of approximately 129 million units is planned to be released. This amount of token supply is expected to increase market liquidity. However, the uncertainty about Pi Coin’s stock market lists is one of the biggest factors affecting price movements.
Crypto currency investors carefully follow the Pi Network’s main network transition, 2FA requirement and token release process. All these developments are among the important factors that may affect the volatility of the market in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
