Pi Network Sets New KYC Deadline: February 2025

user avatar

by Giorgi Kostiuk

2 years ago

Pi Network has announced the extension of the KYC and Mainnet migration deadline to February 28, 2025. This extension aims to provide pioneers with time to secure their Pi coins by completing necessary steps.

Reasons for the KYC Extension

The main reasons for the extension include: - Increase participation: More pioneers will have the chance to complete KYC and migrate to Mainnet. - Address technical issues: Additional time will allow users to resolve verification challenges. - Strengthen the network: A larger verified user base will enhance the security and robustness of the Pi ecosystem.

Consequences of Missing the Deadline

Pioneers missing the February 28 deadline will retain only the Pi mined in the last six months. Older mined coins will be forfeited. It's crucial for pioneers to meet deadlines to maintain their stake in the decentralized system.

Rationale and Impact of Extension

Pi Network emphasizes the importance of the Grace Period for maintaining a real-user-driven decentralized system. This extension helps prevent unverified accounts from affecting the network’s integrity and scalability.

It is emphasized that this new extension might be the last one. Pioneers need to act quickly to safeguard their coins before 2025.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.