Here’s what happened in the past 30 days

lengthy story brief

• Pi Community prolonged the KYC and mainnet migration deadlines to November 30 and December 31, 2024, irritating some customers who suspected additional delays within the mainnet launch.
• Regardless of the group’s skepticism, the Pi core workforce introduced that it’ll announce a mainnet open roadmap in December 2024 to allow formal buying and selling of Pi tokens.

Most vital latest updates

Pi Community has been round for years, but it surely stays one of the vital controversial initiatives within the cryptocurrency trade. Whereas it goals to permit customers to mine and earn digital belongings immediately from their smartphones, there may be uncertainty over when the native token and mainnet will come on-line. be launched Proceed to carry group consideration.

Over the previous month, the workforce behind Pi Community has introduced some updates and upcoming initiatives that could be of curiosity to customers.

working group debate Greater than 13 million individuals have already Handed the Know Your Buyer (KYC) process, and over 6 million have been migrated to the mainnet. It additionally units a deadline of September 30, 2024, for customers to finish KYC verification and transition to the mainnet.

“be sure You will not miss the deadline to submit KYC or migrate your Pi. Ask your security circle and referral workforce to take motion Earlier than the grace interval ends,” the reveal reads.

Moreover, PiBridge (a decentralized monetary platform that acts as a bridge between the Pi Community and different blockchains) introduce NFT pool on its app. The workforce recommends miners deposit non-fungible tokens to stake the app earlier than September 30, 2024.

Nonetheless, earlier this week, Pi Community modified the deadline. as crypto potato report, The Know Your Buyer (KYC) verification course of (often called the “grace interval”) has been prolonged Till November 30, 2024, the ultimate deadline for customers emigrate to the mainnet on the similar time was moved to New Yr’s Eve.

many confirmed their Dissatisfaction with the newest revision. Some declare the delay might be one other signal the mission is a rip-off, whereas others are beginning to lose cash hope Open mainnet Will see the sunshine of day once more.

speak present and subsequent efforts

Pi Bridge host A particular podcast on the finish of August, promising to debate the extremely anticipated mainnet launch. Speak present audio system embrace Victor Nguyen (CEO of PiBridge), Woody Lightyear (Founding father of Pi Revolution), Wesley Rocha (Advertising Supervisor of Teltlk Worldwide)and confirmed harmless Chidi (a widely known determine within the Pi Community group who usually attends these group gatherings).

Shortly after the dialogue, the Pi Core workforce explain The mainnet opening roadmap shall be introduced in December 2024, which can permit the official buy and sale of Pi tokens.

Many customers praised the transfer, saying they have been eagerly awaiting the upcoming reveal. However others aren’t so optimistic claim That is one more delaying tactic with out actual motion.