Pi Network (PI) News – Here’s the latest update

TL;DR

Users of the Pi network must complete KYC, set up wallets, sign agreements, and complete other tasks within a pre-set deadline, or risk losing access to their tokens. The Pi Core Team plans to unveil the open mainnet roadmap in December, prompting mixed reactions about potential delays. Complete these vital steps

Despite being more than five years old, the controversial cryptocurrency project Pi Network (which aims to allow people to mine digital assets from smartphones) has yet to introduce its native token and mainnet open

Earlier this year, the team said that these major developments could happen once all users pass the necessary Know Your Customer (KYC) procedures. Initially, people had until September 30 to complete the verifications, while the deadline was later extended to November 30.

Additionally, the developers claimed that the open network will be launched once 15 million people have passed KYC procedures. Not long ago, social media channel Pi News revealed that only 1 million people are needed to complete the goal.

Most recently, the entity issued important guidance for those migrating to the mainnet, saying that completing KYC checks is only part of the whole process.

Users must also set up and confirm the wallet, sign the token confirmation agreement, and complete other checklist steps.

“These steps can be completed before KYC, no need to wait. Please complete the migration within the grace period, otherwise your Pi could be considered abandoned and unusable,” the team warned.

One week left before a big announcement?

At the end of August, PiBridge, a decentralized financial platform connecting Pi Network with other blockchains, held a talk. Despite many early updates on the mainnet launch, the team did not share any new details.

Shortly after, however, the Pi Core Team announced that it would reveal the open mainnet roadmap, which would allow official Pi token transactions, in December of this year.

This disclosure drew mixed reactions in the community, with some applauding the potential effort while others saw it as yet another delay.

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