 verification and Mainnet migration to February 28, 2025.){kind=link}
In a significant announcement, Pi Network has extended the deadline for Know Your Customer (KYC) verification and Mainnet migration to February 28, 2025.
This extension provides Pioneers with additional time to complete the necessary steps to secure their Pi holdings and transition to the fully operational blockchain.
According to an official statement from Pi Network, the decision to extend the deadline reflects the platform’s commitment to inclusivity and fairness.
The extra time will allow more users to undergo the KYC process and successfully migrate their Pi coins to the Mainnet before the network transitions to the Open Network phase.
Why the Extension?
The extension aims to address delays and challenges that many users have faced in completing their KYC verification. Pi Network has emphasized that the goal is to ensure that as many Pioneers as possible can fully participate in the ecosystem without losing their mined Pi due to incomplete verification or migration issues.
Key Takeaways for Pioneers:
- New Deadline: February 28, 2025.
- Action Required: Pioneers who have not completed KYC must do so before the new deadline.
- Migration Process: Verified users should initiate their Mainnet migration to avoid losing access to their Pi coins.
Failure to complete these steps before the new deadline may result in the forfeiture of Pi balances that remain locked in the enclosed network.
Looking Ahead
Pi Network has reiterated that this extension is likely the final grace period before the platform moves to its Open Network phase, which is expected to launch in the first quarter of 2025. The Open Network will mark the full decentralization of Pi and allow seamless transactions and interactions within the Pi ecosystem.
Pioneers are urged to take advantage of this extended period to finalize their KYC and migration processes to ensure full participation in the evolving Pi Network landscape.
For further details and step-by-step migration guides, users are encouraged to visit the official Pi Network website.
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