Pi Network has made an official announcement, and the long-awaited mainnet migration period has been decided as the first quarter (Q1) of 2025. This is a postponement from the initially planned migration period of the end of December 2024, but it is a decision made with consideration for more users to participate. Since it is not clear whether the first quarter of 2025 will be January-March or April-June, speculation is emerging. (I think it might be the former because it’s an American company. If so, March 14th?)
Summary of the official blog.
https://minepi.com/blog/open-network-update/
Current Progress
Regarding the current progress of Pi Network, the following important indicators have been released:
- Number of users who completed KYC verification: Over 18 million
- Number of users who completed mainnet migration: Over 8 million
- Number of migrations processed per day: Approximately 200,000
Reason for Mainnet Migration Postponement
The main reasons for setting the migration period to Q1 2025 are as follows:
Reducing the gap between KYC verification and mainnet migration is an important task. Currently, there are over 10 million users who have completed KYC verification but have not yet completed mainnet migration.
Future Schedule
Pi Network has indicated the following timeline:
- KYC application deadline: Extended until December 31, 2024
- Mainnet migration target: 10 million users
- Open Network launch: Q1 2025
Recommendations for Users
Current Pi Network users are recommended to take the following actions:
- Promptly complete unfinished KYC verification
- Check the requirements on the mainnet checklist
- Complete the necessary migration procedures
Future Outlook
After the mainnet migration, the Pi Network ecosystem is expected to fully launch. The development team aims to build a platform that emphasizes stability and sustainability.
A particularly noteworthy point is how the listing on exchanges and partnerships with partner companies will unfold after the mainnet migration.