Important Pi Network update for users struggling with KYC

TL;DR

Pi Network extended deadlines for KYC and mainnet migration, prompting both optimism and skepticism among users. The team directed people experiencing issues to a Telegram help chat, while a roadmap for the mainnet planned for December 2024 should reveal more information. Users can get help here

Pi Network, a revolutionary cryptocurrency project that aims to allow people to mine digital assets on their smartphones, saw the light of day more than five years ago. However, it remains quite controversial as there is no clear indication of when the native token and open mainnet will go live.

Earlier this year, the Pi Network team claimed that more than 13 million people had already passed Know-Your-Customer (KYC) procedures, while six million have migrated to the main network. It initially advised users to complete verifications by September 30, a deadline known as the “Grace Period.”

Soon after, however, the working group extended the period to November 30, 2024, while the migration to the main network was moved to December 31.

The announcements sparked mixed feelings among X users, with some describing the extension as “a massive opportunity for small builders on networks and some of the best Pi news of the year.” Others, however, argued that the cryptocurrency project is a scam, expressing skepticism about whether the promised launch of an open mainnet and native token will happen soon.

Most recently, the team behind Pi News (the blockchain media platform on the Pi network) said that numerous users are still having issues with KYC procedures and migration. He advised those experiencing similar issues to join a dedicated Telegram chat “where there will be mods to answer your questions.”

More clarity at the end of 2024?

At the end of August, PiBridge, a decentralized funding platform that connects Pi Network with other blockchains, hosted a talk. While many updates were expected at the launch of the main network, no new details were shared.

Soon after, the Pi Core Team announced that it would reveal the open mainnet roadmap, which would allow official Pi token transactions, in December 2024. Once again, the decision caused mixed reactions within the community, and some saw it as another potential delay.

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