- Change of Plans
- Waiting for an Announcement in December
- Community Reaction
Pi Network has extended the deadlines for KYC verification and mainnet migration, causing frustration among some users.
Change of Plans
Pi Network is an intriguing cryptocurrency project that aims to enable users to mine Pi coins directly from their mobile devices without the need for significant computing power or energy consumption. It was officially introduced in March 2019, with the team recently celebrating 2,000 days since that milestone. However, the project remains quite controversial because there is no clear indication of when community members can expect the launch of an open mainnet and a native token. Not long ago, the team said all users should pass Know-Your-Customer (KYC) verification procedures by September 30, a deadline known as the “Grace Period.” Earlier this week, though, the developers behind Pi Network extended the date to November 30, 2024. Additionally, the final deadline for users to migrate to mainnet was moved to December 31 this year.
Waiting for an Announcement in December
Pi Bridge, a decentralized financial platform that acts as a bridge between the Pi Network and other blockchain networks, hosted a talk show at the end of August, featuring prominent individuals part of the community. While the mainnet launch was supposed to be a major topic of discussion, the team remained silent on whether this was the actual case. Shortly after the talk show, though, the Pi Core Team said the mainnet open roadmap, which aims to enable the official buying and selling of Pi tokens, will be announced in December 2024.
Community Reaction
Many X users commenting on the post were not pleased with that decision. Some claimed the delay was just another signal that the open mainnet would not see the light of day anytime soon. One user wrote, “It’s all just an excuse for a bad project. I have successfully verified my face three times, and it still keeps asking for another verification. If your neighbor knocked on your door multiple times, would you call the police?”
Pi Network users are still eagerly waiting for further updates and plans from the team, including potential announcements in December.
