Pi Network mainnet Update: KYC deadline extended to Feb 28
Pi Community has prolonged the Grace Interval deadline for KYC (Know Your Buyer) verification and Mainnet migration. The brand new Pi KYC deadline is February 28, 2025. The rationale for the extension is to offer extra time for Pioneers to safe their Pi cash and full essential verification steps.
Pi Community confirmed that this extension is impartial of the Open Community launch, which stays on monitor for Q1 2025. The grace interval deadline extension is not going to influence the launch timing.
Based on the announcement, Pioneers who fail to finish their KYC and migration by February 28, 2025, will merely lose their cash.
Why the Pi KYC Extension Was Made
The Pi core crew has given the KY extension for numerous causes, together with:
- Improve participation: Extra Pioneers could have the chance to finish KYC and migrate to Mainnet.
- Deal with technical points: Some customers going through verification challenges could have extra time to resolve them.
- Strengthen the community: A bigger verified consumer base will contribute to a safer and sturdy Pi ecosystem forward of the Open Community launch.
What if I miss the Pi KYC deadline?
The Pi Community core crew warns customers that pioneers lacking the February 28 deadline will solely retain the Pi mined inside the final six months. Any older cash mined will probably be misplaced.
They emphasised the significance of the Grace Interval in sustaining a decentralized, real-user-driven ecosystem. Guaranteeing verified participation will forestall unverified accounts from affecting the community’s integrity and scalability.
With the February 28, 2025, deadline quick approaching, Pi Community urges all Pioneers to behave instantly. This can be the ultimate extension, making it essential for customers to safe their Pi cash earlier than it’s too late.
Additionally Learn: Will Pi Coin Reach $100 on Mainnet Launch?
