Important Announcement

Pi Network has announced important updates towards the launch of the Open Network. All Pioneers (Pi Network users) must complete the necessary procedures by the following deadlines:

• KYC (Identity Verification) Completion Deadline: November 30, 2024
• Mainnet Migration Deadline: December 31, 2024

Details of Required Procedures

1. KYC (Identity Verification) Procedure

The steps for applying for KYC are as follows:

• Tap ‘Submit KYC’ from the app’s main screen
• Enter required personal information
• Upload photos of your identification document
• Take a selfie for identity verification
• Review all information and submit the application

2. Mainnet Migration Process

There are 9 steps for migrating to Mainnet, all of which must be completed:

• Access the checklist from the ‘Migrate to Mainnet’ button
• Set up and confirm your wallet
• Securely store your passphrase
• Sign the token authentication
• Complete other necessary steps

How to Check Progress

You can check the progress of the checklist within the app:

• Green indication: Item completed
• Purple indication: Item not completed

Important Notes

Special attention is required for the following points:

• Completing KYC alone is not sufficient
• If you do not complete all procedures by the deadline, your held coins may be forfeited
• Always store your passphrase in a safe place

Frequently Asked Questions (FAQ)

Q1: How long does it take for KYC to be approved?

It varies depending on the validator’s status, but it may take from a few days to several weeks. Early application is recommended.

Q2: What can I do after migrating to Mainnet?

After the Open Network launches, the following will be possible:

• Trading with other cryptocurrencies
• Trading with fiat currency
• Transactions within the Pi Network ecosystem

Troubleshooting

How to handle the following cases:

• If the app crashes: Try reinstalling the app
• If the KYC application results in an error: Try again after 24 hours
• If the checklist is not displayed: Check for app updates

Future Outlook

Pi Network is steadily preparing for the launch of the Open Network. Important details such as pricing are expected to be announced at the time of the Open Network launch.

Summary

All Pioneers are encouraged to complete the necessary procedures as soon as possible. Addressing these tasks well before the deadline will enable a smooth Mainnet migration.