To all Pi Network users, we bring you important update information. The Pi Network team recently announced the extension of the deadline for KYC (Know Your Customer) and Mainnet migration until March 14, 2025, 8:00 AM (UTC). It is important for users who have not yet completed KYC or migrated to the Mainnet to make the most of this ‘final grace period’.
Latest Status of Pi Network and Deadline Extension
Pi Network officially launched its Open Network on February 20, 2025, after nearly 6 years since its establishment. This made PI tokens publicly available and eligible for listing on cryptocurrency exchanges. However, many users have not yet completed their KYC verification and migration to the Mainnet.
Initially, the deadline to complete these processes was February 28, but as the Pi Network team has done in the past, they have decided to extend the deadline again, this time until March 14, 2025. This date marks the 6th anniversary of Pi Network.
Reasons for and Importance of the Deadline Extension
According to the Pi Network team, this extension is being made for the following purposes:
- To provide sufficient time for actual Pioneers (Pi Network users) to verify their balance and migrate to the Mainnet
- To give users who returned after the Open Network launch an opportunity to rejoin the network
- To maintain Pi Network’s core goals of inclusivity and fairness
This extension was made in response to feedback from the community. Many users expressed concerns about previous delays and felt that a fair migration time was needed before the Open Network launch.
Current Progress of KYC and Mainnet Migration
Currently, over 18 million users have completed the KYC process, but only approximately 8 million users have migrated to the Mainnet. This significant gap is one of the main reasons the Pi Network team extended the deadline.
The Pi Network core team aims to improve the KYC process and Mainnet migration capabilities to enable faster processing and reduce the gap between KYC-completed users and Mainnet-migrated users.
Risks of Missing the Deadline
Warning: If you do not complete KYC and Mainnet migration by March 14, 2025, you risk losing your mobile balance. However, Pi coins mined in the last 6 months before migration are stated to be an exception.
The Pi Network team emphasizes this ‘final grace period,’ suggesting that this is likely the last extension. Therefore, users who have not yet completed the necessary procedures are strongly encouraged to act immediately.
How to Resolve KYC and Name Mismatch Issues
Many users face issues with being rejected during the KYC process due to name mismatches. Here are the steps to resolve this issue:
- If your KYC is marked as ‘tentative’ or ‘pending,’ look for the option to resubmit your KYC application in the app
- When resubmitting, ensure that all information provided is accurate
- Double-check that your full name and contact number match your official ID document
If there is a name mismatch, it may be possible to resolve the issue through the appeal process. However, if you appeal and are rejected, you may face restrictions.
How to Update Your Mobile Number
Pi Network recently introduced a feature that allows users to update their mobile number. This is a particularly important update for users who registered more than 6 years ago. You can update your phone number by following these steps:
- Go to the profile section
- Click the ‘Change’ option next to your phone number
- Select your country code and enter your new phone number
- Click ‘Confirm Change’
- Complete the ‘Liveness Check’ – this is a process that verifies your identity using the front camera
The Future of Pi Network and Price Trends
Pi Network is scheduled to fully launch its Open Network in the first quarter of 2025. This decision follows the significant milestone of over 18 million users completing the KYC process and over 8 million migrating to the Mainnet.
Regarding the current price situation of Pi Coin, recent reports indicate that it has experienced a 45% drop in 4 days and is currently trading at approximately $1.80. This follows a decline in the broader cryptocurrency market.
Furthermore, speculation regarding the listing of Pi Coin on Binance is also increasing, with some information suggesting that 86% of investors expect Pi Coin to debut in the near future.
Community Reaction
The reaction of the Pi Network community to this deadline extension is varied:
- Positive Views: Some users have expressed gratitude for the increased time to complete the necessary processes
- Skeptical Views: On the other hand, some users question the repeated delays and extensions and criticize the project’s legitimacy
However, whether optimistic or skeptical, one thing is clear: if you want to own Pi tokens, you must complete the KYC process and migration by March 14, 2025.
Summary and Next Steps
The journey of Pi Network, from its ambitious goals to controversial delays, has certainly not been boring. Whether you have been a long-time Pioneer or recently returned, this extension is an opportunity to secure your place in the Pi ecosystem.
If you have not yet taken action, please follow these steps:
- Submit KYC verification: Ensure all details provided are accurate to avoid rejection
- Complete the Mainnet checklist: Follow the instructions provided by Pi Network to migrate your tokens
- Verify personal information: Double-check that your full name and contact number match your official ID document
Finally, as dates and deadlines may change, it is always recommended to check for official information from Pi Network.
Act now to avoid missing this important deadline!