Rumors about Pi Community, a mobile-mining cryptocurrency challenge, receiving $15 billion in funding have been circulating throughout social media. Screenshots displaying enterprise descriptions tied to Pi Community have fueled these claims, however what are the information?

Tracxn Scan: The Supply of the Rumors

The rumors appear to stem from Tracxn Scan, a platform that tracks trending companies globally. Nevertheless, upon reviewing the Tracxn web site, there is no such thing as a official report or information confirming this massive funding.

At this level, there is no such thing as a verified info on Pi Community receiving $15 billion, and the screenshots being shared stay unverified.

Pi Community’s Buyers: Designer Fund, 137 Ventures, and Ulu Ventures

Pi Community has gained monetary help from Designer Fund, 137 Ventures, and Ulu Ventures. Whereas the precise funding figures are undisclosed, these traders are identified for supporting rising initiatives. Their involvement has raised Pi Community’s profile within the cryptocurrency house.

Nevertheless, no official assertion concerning the quantity of funding has been offered.

Pi Mainnet Launch: Key Particulars

Pi Community’s mainnet launch is scheduled for the top of 2024. This part will transition Pi from its present testnet to the total blockchain deployment. Till the mainnet launch, customers who’ve mined Pi cash can not commerce or withdraw them.

As soon as the mainnet is reside, customers will acquire entry to their private and non-private keys, enabling them to switch and spend their Pi cash in peer-to-peer marketplaces. In doing so, Pi Community marks the transition out of the enclosed community part, permitting its native crypto PI to perform as a cryptocurrency for the primary time.