Pi Network is currently in the Closed Mainnet phase, and an important deadline update has been announced. We will inform you about the significant changes in a situation where only Pioneers who have completed KYC can conduct transactions and barters using coins.
Details of the Deadline Extension
It has been announced that the first grace period deadline for KYC applications will be extended until December 31, 2024. This change aims to provide more Pioneers with the opportunity to complete KYC. Although our blog had previously announced the end of this month, we have urgently created this article upon receiving the announcement of the extension.
Important Deadline
・KYC Application Deadline: December 31, 2024
Conditions for Transition to Open Network
Pi Network aims to transition to the Open Network within 2024, and the following conditions must be met:
- 15 million Pioneers complete KYC
- 10 million Mainnet migrated users
- Creation of 100 practical Pi applications within the ecosystem
Important Considerations
If you miss the first grace period deadline, a large portion of your previous mobile balance may be lost. Pioneers are strongly encouraged to utilize this extended period to complete their KYC application.
Future Developments
The Core Team plans to announce the Open Mainnet start date one month before the actual launch. The transition to the Open Network is expected to occur once the conditions are met.