Here’s what happened in the last 30 days

TL;DR

Pi Network extended its KYC and mainnet migration deadlines to November 30 and December 31, 2024, frustrating some users who suspect further delays in the mainnet launch. Despite community skepticism, the Pi Core Team announced that the open mainnet roadmap, which will enable official trading of Pi tokens, will be revealed in December 2024. Most important recent updates.

Pi Network has been around for years, but remains one of the most controversial projects in the cryptocurrency industry. Although it aims to allow users to mine and earn digital assets directly from their smartphones, the uncertainty of when a native token and mainnet will be introduced continues to surprise the entire community.

Over the past month, the team behind Pi Network announced several updates and upcoming initiatives that might be of interest to users.

The task force argued that more than 13 million people have already passed Know Your Customer (KYC) procedures, while more than six million have migrated to the main network. It also set September 30, 2024 as the deadline for users to complete KYC verification and transition to the mainnet.

“Make sure you don’t miss your deadlines to submit KYC or migrate your Pi. Ask your security circle and reference team to take action before the grace period ends,” the disclosure says.

In addition, PiBridge (a decentralized financial platform that acts as a bridge between the Pi network and other blockchains) introduced an NFT pool to its application. The team advised miners to deposit their non-fungible tokens to participate in the app by September 30, 2024.

Earlier this week, however, Pi Network changed its terms. As reported by CryptoPotato, Know-Your-Customer (KYC) verification procedures (known as the “Grace Period”) were extended until November 30, 2024, while the final deadline for users to migrate on the main network moved to New Year’s Eve.

Many expressed their dissatisfaction with the latest amendments. Some claimed that the delay could be another sign that the project is a scam, while others began to lose hope that the open mainnet will never see the light of day.

The Talk Show and the subsequent effort

PiBridge hosted a special podcast at the end of August, promising to discuss the long-awaited launch of the mainnet. Talkshow speakers included Victor Nguyen (CEO of PiBridge), Woody Lightyear (Founder of Pi Revolution), Wesley Rocha (Marketing Manager of Teltlk International), and Vindicated Chidi (a prominent figure in the Pi Network community who often participates . in these community meetings).

Shortly after the discussion, the Pi Core Team said that the open mainnet roadmap, which should allow the official buying and selling of Pi tokens, will be announced in December 2024.

Many users praised the move, saying they are eagerly awaiting the next disclosure. Others, however, were not so optimistic, stating that this is another delaying tactic that will not be followed by a real effort.

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