Pi Network added 2FA feature to enhance wallet safety

Pi Network has implemented a new two-factor authentication (2FA) safety feature to enhance wallet security, which has been made mandatory for mainnet migration. After this announcement, Pi Coin Price is showing recovery by recovering from the important support of $1. This move has brought relief to the investors and a new direction for wallet security on Pi Network. Recently, on Pi Day, Pi Network has launched .pi Domains Auction, which shows that Pi Network is constantly making new efforts.

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Pioneers are now required to complete the two-factor authentication (2FA) process before migrating to the Pi Network Mainnet. The purpose of 2FA is to further strengthen the security of Pi Network Wallets so that no unauthorized person can access the users' wallets. Under this new safety feature, selected Pioneers will have to use a reliable email to complete their 2FA process, only after which their Pi balance will be successfully migrated to the mainnet.

The Pi Network team has clarified that if Pioneers fail to complete the 2FA process, their Pi Coins will be safely returned to their mining app. On the contrary, if they complete the 2FA process correctly, their balance will be re-migrated to the mainnet without any loss. This step will further strengthen the security of Pioneers' wallets and accounts, keeping their investment completely safe.

Despite the recent big announcements in Pi Network and the move to implement the 2FA safety feature, the Pi Coin Price is still witnessing great fluctuations. According to data obtained from PiScan, about 129 million Pi Coins, worth a total of about $175 million, are set to be released this month. Such large token unlock events often increase selling pressure in the market, which may increase the risk of Pi Coin Price falling below the important support level of $1.

However, after the implementation of the 2FA safety feature, the improvement in the safety of the Pi Network is expected to bring stability in the Pi Coin Price. But the biggest concern is still the listing of Pi Coin on major exchanges, as at this time major exchanges like Binance have not given any confirmation regarding Pi Coin Listing and people. Due to this, there is an atmosphere of disappointment and uncertainty in the community, which may continue to put pressure on Pi Coin Price.