Pi Network has announced the last extension of its grace period for completing verifications and migrating to the Mainnet, set to end on March 14, 2025.
Final Extension: Reasons and Importance
This final extension underscores Pi Network's commitment to inclusivity among its global user base. The Open Network launch has revived interest among early adopters who initially helped Pi grow but might have become inactive. This extension serves as a last opportunity for early users to complete their KYC and migration, maintaining fair conditions for all network participants. While striving for maximum inclusivity, Pi Network leaders emphasize that the grace period has to conclude to ensure proper verification and decentralization.
Required Actions for Users
Pi Network users must submit their KYC applications and complete the Mainnet checklist before 8:00 AM UTC on March 14, 2025, to preserve their mobile balances. Missing the deadline can lead to forfeiting the majority of the mobile balance, with only Pi mined in the six months prior to migration preserved.
Current Status and Pi Price Surge
Pi's price has surged over 20% in the past two days, rebounding from important support at $1.35. The price now needs to overcome resistance at $1.94, $2.34, and $2.76 for further growth. The excitement around Pi Day could also fuel more interest and further price increases in the coming days.
With the grace period ending, Pi Network participants need to complete necessary processes by March 2025 to remain part of the ecosystem.
