- Mainnet Migration
- KYC Submission Extension
- Importance of Key Dates
Pi Network is preparing for its Mainnet migration, scheduled for December 31, 2024. This transition is a crucial step in the network's development, allowing Pi tokens to be used in real-world transactions and on decentralized platforms (DApps).
Mainnet Migration
The Mainnet migration will enable Pi tokens to be traded on decentralized exchanges, used for real-world transactions, and integrated into various decentralized applications. The founder and CEO of Pi Network confirmed that the open Mainnet migration will occur on December 31, 2024, as originally planned.
KYC Submission Extension
Pi Network extended the first deadline for KYC application submissions from September 30 to November 30, 2024. This checklist includes essential tasks like verifying your identity through KYC, securing your Pi balance, and preparing for the Mainnet transition.
Importance of Key Dates
Key dates to remember are November 30, 2024, for the closure of KYC submissions, and December 31, 2024, for the final Mainnet migration. Missing these deadlines could result in losing most of your Pi balance. The significance of the migration lies in the transition towards a decentralized, community-driven economy, and Pi Network urges participants to meet these deadlines.
Pi Network emphasizes that the migration to Mainnet is not just a technical transition but a pivotal step towards creating a decentralized, community-driven economy. Participants should ensure they meet all deadlines and remind their Referral Team and Security Circle members to do the same.
