Pi Network Grace Period Update

The Pi Network has announced an important update regarding the Grace Period deadline for KYC verification and Mainnet migration.

As of January 31, 2024, at 12:04 AM, the Pi Core Team has officially extended the Grace Period until February 28, 2025.

This decision ensures that more Pioneers have the opportunity to secure their Pi and complete the necessary migration steps.

Grace Period Extended Until February 28, 2025

The Grace Period was first set to end on December 31, 2024, then extended to January 31, 2025. Now, it has been extended again by one more month. The Pi Core Team wants to give users extra time to complete their KYC verification and Mainnet migration.

What This Update Means for Pioneers

Pioneers have until February 28, 2025, to complete two important tasks: KYC (Know Your Customer) Verification and Mainnet Migration.

For KYC verification, Pioneers need to submit their application, which might include providing identification documents and proof of address, depending on where they live. This step is important to make sure the network is safe and secure by confirming that users are real and preventing fraud. If Pioneers don’t complete KYC, they won’t be able to fully access or transfer their Pi after migrating to the mainnet.

Additionally, Pioneers must finish the Mainnet Migration Checklist. This checklist includes steps to move their Pi balance from the Testnet to the Mainnet. This migration is necessary to ensure the Pi works properly and securely on the new network, which is important for its long-term use and value.

Completing both KYC and the Mainnet migration by February 28, 2025, is crucial to keep your Pi safe and ensure you can continue participating in the Pi Network.

Opportunity to Migrate Unverified Balances to Mainnet

Great news for all Pioneers with unverified Pi balances! With the recent update, you now have a chance to migrate your unverified Pi to the Mainnet and secure your assets. This extension gives you extra time to complete your KYC verification and Mainnet checklist before the new deadline.

If you’re ready to get started, don’t hesitate to contact your team for help and support. You can set up personal meetings or organize meetups to raise awareness about the importance of completing your KYC and Mainnet checklist.

The Pi Network also offers a ping option to motivate your team members to finish these steps. Don’t miss this opportunity to convert your balance and enjoy all the benefits of being part of the Pi Network!

Why Pi Core team Announce this Update

The Pi Core Team’s decision to extend the deadline by one more month shows their commitment to fairness, accessibility, and security. This extension helps make sure that the Mainnet is more verified and decentralized before the Open Network officially launches, which will lead to a safer and more reliable network for everyone.

Does This Update Affect the Mainnet Launch?

Many Pioneers are worried that this update might affect the launch of the Open Mainnet, but the good news is that it doesn’t. The extension of the Grace Period does not change the Open Network launch. The launch is still scheduled for Q1 2025, as planned. This extension just gives Pioneers more time to complete their KYC and Mainnet migration, without affecting the timeline for the Open Network’s rollout.

This extension is a final chance for Pioneers to secure their Pi and join the growing Mainnet ecosystem. Whether you’re an early adopter or a recent Pioneer, make sure to complete your KYC and Mainnet migration before February 28, 2025.

Together, we are creating something revolutionary. Let’s take these final steps toward the Open Network as a unified and verified community!

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