Important Pi Network update for all users: Details

lengthy story quick

• Pi Community has prolonged the KYC and mainnet migration deadlines, irritating many customers who have been anticipating a quicker mainnet launch.
• The Pi core staff introduced that the open mainnet roadmap that permits the shopping for and promoting of Pi tokens shall be introduced in December 2024.

Plan adjustments

Pi Community is an fascinating cryptocurrency venture that goals to allow customers to mine Pi cash instantly from their cell gadgets with out the necessity for want A whole lot of computing energy or vitality consumption. it was formally launched March 2019, latest assembly with the staff celebrate It has been 2,000 days since this milestone.

Nonetheless, the venture stays controversial as there isn’t a clear indication of when group members can count on the launch of an open mainnet and native token.

Not way back, the staff stated that each one customers ought to move the “know your buyer” (KYC) verification course of earlier than September 30, a deadline often called the “grace interval.”

Nonetheless, earlier this week, the builders behind Pi Community prolonged the date to November 30, 2024. was moved Till December 31 this 12 months.

“Make sure to meet the deadline to keep away from shedding most of your previous Pi stability, along with the Pi mined in the course of the earlier rolling window. 6 Months earlier than your Pi Migrated,”staff suggestion.

It is value noting that many X customers who commented on the publish have been sad with the choice. Some declare the delay is simply one other signal that an open mainnet gained’t occur quickly.

“That is simply an excuse for a nasty venture. I’ve efficiently verified my face 3 occasions and it nonetheless retains asking to confirm once more. In case your neighbor knocked in your door a number of occasions, would you name the police? One other social media platform customers ask.

Awaiting potential bulletins in December

Pi Bridge (a decentralized finance platform that acts as a bridge between the Pi Community and different blockchain networks) hosted a chat present on the finish of August, that includes well-known celebrities a part of Neighborhood. Though the mainnet launch was purported to be essential Whereas discussing the subject, the staff remained mum on whether or not this was really the case.

Nonetheless, shortly after the speak present ended, the Pi core staff acknowledged that it will announce the mainnet opening roadmap in December 2024, aiming to attain the official buy and sale of Pi tokens.

Mainnet open for updates

1. The Pi Core staff revealed that in December, they’ll announce the mainnet open roadmap (enabling official Pi shopping for and promoting transactions).

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— Pi Community Information (@PiNetworkLap) September 5, 2024