In a significant move to ensure inclusivity and fairness, Pi Network has announced an extension of the Grace Period deadline from January 31, 2025, to February 28, 2025. This decision aims to provide Pioneers with additional time to complete their KYC verification and Mainnet migration, allowing more members to secure their Pi and actively contribute to the growing ecosystem.
Understanding the Grace Period Extension
The extension of the Grace Period does not impact the timing of the Open Network launch, which remains on track for Q1 2025. Whether the Open Network launches before or after February 28, 2025, the Grace Period rules remain unchanged.
This additional month serves as a crucial opportunity for Pioneers who may have faced delays in completing their KYC or Mainnet migration. By offering this extra time, Pi Network reinforces its commitment to accessibility and equity within its global community.
Key Implications of the Extension
- Final Deadline for KYC and Migration
- Pioneers must submit their KYC application and complete their Mainnet Checklist by February 28, 2025.
- Failure to complete these steps within the Grace Period will result in the forfeiture of most of their mobile-mined Pi, except for Pi mined in the last six months before migration.
- Ensuring Fairness and Accessibility
- The extension ensures that more Pioneers can complete KYC and migration, reducing the likelihood of losing their mined Pi due to missed deadlines.
- It also provides additional time for those with special circumstances, minimizing exclusions while maintaining the integrity of the network.
- Preparing for Open Network
- A larger number of verified users strengthens the Mainnet, making it more secure and stable ahead of the Open Network launch.
- Ensuring that more Pioneers migrate to the Mainnet increases engagement and enhances the overall ecosystem’s utility.
Important Questions Answered
- Does this extension delay the Open Network launch?
No, the extension is independent of the Open Network timeline, which remains set for Q1 2025. - What happens if I miss the new Grace Period deadline?
Any Pi mined beyond the rolling six-month period before migration will be forfeited. Only Pi earned within the last six months will remain transferable. - How much additional time has been granted?
Initially set to conclude on December 31, 2024, the Grace Period has now been extended by a total of two months.
Next Steps for Pioneers
To secure your Pi balance, complete the following steps before February 28, 2025:
- Open your Pi mining app and navigate to the “Mainnet Checklist.”
- Ensure you have passed KYC verification.
- Complete all necessary migration steps as outlined in the Mainnet Checklist.
- Remind your Referral Team and Security Circle members to complete their KYC and migration requirements.
Why This Matters
The Grace Period plays a vital role in ensuring Pi Network remains a decentralized, bot-free ecosystem driven by real human participation. By incentivizing Pioneers to complete their KYC and migration, Pi Network enhances the long-term health and stability of its blockchain.
This extension is not just about allowing more time—it’s about reinforcing the network’s mission of accessibility, fairness, and inclusivity. Whether you joined Pi Network years ago or recently became a Pioneer, now is the time to take action and secure your stake in this revolutionary ecosystem.
Don’t wait until the last minute—act now and be part of Pi Network’s historic transition to Open Network!