Pi Network has announced another extension for its Grace Period, now set for February 28, 2025. This decision has fueled community frustration and raised questions about the project's readiness for the mainnet launch.
Grace Period Extension: What It Means
Since its inception in 2018, Pi Network has aimed to make cryptocurrency mining more accessible via mobile devices. However, the project has extended its Grace Period multiple times, a phase during which members must complete various requirements such as KYC verification before the Open Mainnet launch. Recent timeline changes include: September 2024 extended to November 2024; November 2024 pushed to December 2024; January 2025 latest extension to February 2025.
Community Response and Growing Concerns
Continuous delays have caused dissatisfaction within the Pi Network community. Many members express their frustrations on social media, highlighting a lack of concrete progress. Some have even disabled advertisements within the app as a protest against the ongoing revenue from ads.
Open Mainnet Launch: Prospects and Expectations
Despite the project's claim that the Open Network is still on track for Q1 2025, there is no firm commitment to a specific launch date. Initially announced in December 2021 with an expected rollout in 2022, the project is yet to set a definitive timeline, adding to the uncertainty.
The repeated Grace Period extensions raise serious questions about Pi Network's future. The project faces critical challenges in maintaining community trust and delivering on its promises for mainnet launch within the planned timeframe.
