Pi Network has announced an extension to the Grace Period deadline for KYC (Know Your Customer) verification and Mainnet migration, pushing the new deadline to February 28, 2025. This decision aims to give Pioneers additional time to secure their Pi coins and complete essential verification steps.
👉 Secure your Pi coins now before the deadline
Key Reasons for the KYC Deadline Extension
The Pi Core Team outlined several factors behind this extension:
- Boost Participation: More Pioneers can complete KYC and migrate to Mainnet.
- Resolve Technical Challenges: Users experiencing verification issues gain extra time for fixes.
- Strengthen Network Security: A larger verified user base enhances the Pi ecosystem ahead of the Open Network launch.
Consequences of Missing the KYC Deadline
Pioneers who fail to complete KYC and migration by February 28, 2025, will forfeit all Pi coins mined beyond the last six months. The Core Team emphasizes this measure to maintain a decentralized, real-user-driven ecosystem, ensuring network integrity and scalability.
Urgent Call to Action
With the deadline approaching, Pi Network urges all Pioneers to act promptly. This extension may be the final opportunity to secure coins.
FAQs
1. Will the Open Network launch be delayed?
No, the extension is independent of the Open Network launch, still scheduled for Q1 2025.
2. What happens if I miss the deadline?
You’ll lose access to Pi mined before the last six months; only recent coins will remain.
3. How can I complete KYC efficiently?
Ensure your Pi app is updated, follow in-app instructions, and submit required documents early.
👉 Learn more about Pi Network’s migration process
Disclaimer: This update focuses on Pi Network’s official announcement. Always verify details through authentic channels.
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