Money

Pi Network Extends KYC and Mainnet Migration Deadline to February 28, 2025


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.

Also Read

 

theafricalogistics

Recent Posts

Is Trump Using Palantir to Track and Monitor Americans?

Recent reports have surfaced suggesting that former President Donald Trump’s administration significantly expanded the use…

2 days ago

Inside the Costco Effect: How Membership Loyalty is Reshaping Retail Economics

In a retail landscape marked by fierce competition, shifting consumer habits, and economic uncertainties, Costco…

2 days ago

No SSI Checks in June 2025? Here’s Why — And What It Means for You

In June, millions of Americans who rely on Supplemental Security Income (SSI) will not receive…

2 days ago

South African Airways Resurges with Bold Wide-Body Fleet Expansion Strategy

South African Airways (SAA) is embarking on a transformative phase as it aggressively rebuilds its…

2 days ago

Bangkok to Host 13th GLA Global Logistics Conference in November 2025

The GLA Global Logistics Alliance has officially announced that the 13th edition of its flagship…

6 days ago

Republic Services Stock Skyrockets to All-Time High Amid Strong Q1 Results and Sustainability Push

Republic Services Inc. (NYSE: RSG), one of the leading players in the waste management and…

6 days ago