TL;DR
Pi Network – the controversial cryptocurrency project that claims to enable people to mine digital assets directly from their smartphones – saw the light of day more than five years ago. Since then, it has undergone numerous developments, but its mainnet and native token have yet to go live.
This has caused frustration across the multi-million Pi Network community, with many members insisting on information regarding those milestones. Earlier this year, the project’s team said the first big target is the launch of the Open Network, which should be introduced once users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period).
Initially, people had until late September to do so, but later, the period was extended to November 30. It was then moved to New Year’s Eve, with the team claiming this will provide users with “the ample opportunity to secure their Pi.”
Most recently, the developers behind the project announced another extension. “We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025, to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025,” the post on X reads.
Somewhat expectedly, many community members were rather annoyed by the latest delay. Some noted that the project has been extending the deadline almost every month, jokingly advising the team to run the Grace Period for a few more years.
Earlier in December, Pi Network maintained that 18 million people have completed Know-Your-Customer (KYC) verifications, while 8 million have already migrated to the mainnet. The developers also said they could launch the Open Network as early as Q1 2025.
The post Major Pi Network (PI) Update Concerning All Users: Details appeared first on CryptoPotato.
- Pi Network extended its migration deadline to January 31, 2025, sparking frustration over repeated delays.
- Despite promises of a December roadmap update on the open mainnet, Pi Network developers remain silent, leaving the community skeptical about further progress.
Another Delay Instead of More Clarity
Pi Network – the controversial cryptocurrency project that claims to enable people to mine digital assets directly from their smartphones – saw the light of day more than five years ago. Since then, it has undergone numerous developments, but its mainnet and native token have yet to go live.
This has caused frustration across the multi-million Pi Network community, with many members insisting on information regarding those milestones. Earlier this year, the project’s team said the first big target is the launch of the Open Network, which should be introduced once users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period).
Initially, people had until late September to do so, but later, the period was extended to November 30. It was then moved to New Year’s Eve, with the team claiming this will provide users with “the ample opportunity to secure their Pi.”
Most recently, the developers behind the project announced another extension. “We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025, to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025,” the post on X reads.
Somewhat expectedly, many community members were rather annoyed by the latest delay. Some noted that the project has been extending the deadline almost every month, jokingly advising the team to run the Grace Period for a few more years.
Earlier in December, Pi Network maintained that 18 million people have completed Know-Your-Customer (KYC) verifications, while 8 million have already migrated to the mainnet. The developers also said they could launch the Open Network as early as Q1 2025.
The post Major Pi Network (PI) Update Concerning All Users: Details appeared first on CryptoPotato.
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