With only a short time left in December 2024, a crucial turning point is approaching for Pi Network users. This article provides a detailed explanation of the necessary actions to take by the deadline and the future outlook for Pi Network.

KYC Verification: Essential Steps Before the Deadline

Completing KYC verification by the December 31st deadline is the top priority for all Pi users. If you encounter issues with verification, the following actions are recommended:

• Prompt contact with the Pi Support team
• Regularly checking for app updates
• Confirming verification status with your referrer

Details of the Mainnet Migration Process

The migration to Mainnet will be carried out automatically and in a phased process. The following conditions are required for migration:

• Completion of KYC verification
• Finalization of Lockup settings
• Confirmation of phased balance migration

Staking Rewards (Lockup) System

The staking rewards system is a crucial element contributing to network stability. It offers the following benefits:

• Opportunity to earn additional Pi through transaction validation
• Contribution to network security
• Improvement in mining rate

Expansion of Practical Use Cases

Pi Network has reported real-world transaction examples such as:

• Buying and selling of automobiles
• Purchasing mobile phones
• Providing meals at cafes and restaurants

Technical Challenges and Countermeasures

The project is facing the following challenges and is working towards resolving them:

Scalability Challenges

• Handling large transaction volumes
• Optimizing network efficiency
• Improving processing speed

Regulatory Compliance Challenges

• Adaptation to regulatory frameworks in each country
• Establishing a compliance system
• Adherence to legal requirements

Role of the Community and Future Outlook

Active participation from community members is essential for the success of Pi Network. The following roles are expected:

• Application development as a developer
• Participation in real transactions as an early adopter
• Contribution to network stabilization as a long-term holder

Beyond 2025, Pi Network aims to build a new economic model that goes beyond being just a cryptocurrency. The participation of each one of us is a crucial factor in shaping the future of this ecosystem.