Pi Network extended its Grace Period to February 28, 2025, causing concern in the community. This latest delay raises questions about the project's commitment to launching Open Mainnet.
Explanation of the Latest Grace Period Extension
Founded in 2018, Pi Network aims to democratize cryptocurrency mining through mobile devices, but it has repeatedly extended its Grace Period deadlines. This period is crucial for 'Pioneers' to complete KYC and other requirements before launching Open Mainnet. Recent timeline changes include postponements from November 2024 to December 2024, and again to February 2025.
Community Response and Growing Concerns
The ongoing postponements have led to increased dissatisfaction among the Pi Network community. Many Pioneers have expressed their frustrations on platform X, criticizing the project's direction and lack of tangible progress. In protest, some have disabled ads within their Pi apps, affecting the project's revenue.
Analysis and Future Projections for Pi Network
The repeated delays have raised questions about the reliability of Pi Network's commitments. The stated target of a Q1 2025 Open Mainnet launch now stands as a critical test of the team's ability to deliver on promises. Failing to maintain community trust could lead to significant challenges.
Pi Network faces a challenging period as community trust erodes and frustration over delays mounts. Active measures by the team are needed to sustain and rebuild user support.
