Pi Network extends Grace Period by additional 30 days, as users express disappointment
The Pi Network has just announced an extension of its so-called Grace Period, which is crucial for users who are in the process of migrating their digital assets to the mainnet.
Initially set to end on December 31, 2024, the deadline for submitting Know-Your-Customer (KYC) applications and completing the migration checklist has been extended to January 31, 2025.
Pi Network claims that this decision aims to provide more inclusivity and ensure that as many users as possible can complete their KYC verification and migrate their Pi before the transition to the Open Network.
Despite promises of a December roadmap update on the open mainnet, Pi Network developers remain silent, leaving the community skeptical about further progress.
More delay rather than clarity
Pi Network – the controversial cryptocurrency project that claims to enable people to mine digital assets directly from their smartphones – saw the light of day more than five years ago. Since then, it has undergone numerous developments, but its mainnet and native token have yet to go live.
READ ALSO: Pi Network coin price surges as key deadline nears
This has caused frustration across the multi-million Pi Network community, with many members insisting on information regarding those milestones.
Earlier this year, the project’s team said the first big target is the launch of the Open Network, which should be introduced once users pass necessarily Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period).
Initially, people had until late September to do so, but later, the period was extended to November 30. It was then moved to New Year’s Eve, with the team claiming this will provide users with “the ample opportunity to secure their Pi.”
Most recently, the developers behind the project announced another extension. “We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025, to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025,” the post on X reads.
Somewhat expectedly, many community members were rather annoyed by the latest delay. Some noted that the project has been extending the deadline almost every month, jokingly advising the team to run the Grace Period for a few more years.
“Extend it until 2028 instead of month by month. Nobody believes this will actually launch anytime soon. Maybe when the bull run is over,” one X user stated.
Earlier in December, Pi Network maintained that 18 million people have completed Know-Your-Customer (KYC) verifications, while 8 million have already migrated to the mainnet.
Looking ahead, Pi Network developers have indicated that they aim to launch the Open Network in Q1 2025, contingent upon meeting specific conditions and strategic objectives outlined by the team. This transition will depend heavily on community participation and external factors impacting development.
