Pi Network Extends KYC Deadline to February 28 – Here’s Why It Matters

Pi Network has officially extended the Grace Period deadline for Know Your Customer (KYC) verification and Mainnet migration. The new deadline is now set for February 28, 2025. This extension gives Pioneers additional time to secure their Pi coins and complete the necessary verification process before the transition to the Open Network.

Why the KYC Deadline Extension?

The Pi Core Team has provided several key reasons for extending the KYC verification deadline:

  1. Increasing Participation – More Pioneers now have an opportunity to complete their KYC process and migrate their coins to the Mainnet.
  2. Addressing Technical Issues – Some users have faced challenges with the verification process, and this extra time allows them to resolve any technical difficulties.
  3. Strengthening the Network – A larger, verified user base will ensure a more secure and robust Pi ecosystem, enhancing its credibility ahead of the Open Network launch.

What Happens If You Miss the KYC Deadline?

Pioneers who fail to complete their KYC verification and migration by February 28, 2025, will face significant consequences. According to Pi Network’s announcement, users will only retain the Pi mined within the last six months, while any older coins will be lost permanently. This move is designed to ensure that only verified and active users remain part of the network, preventing unverified accounts from disrupting its scalability and integrity.

The Impact on the Open Network Launch

The extension of the KYC deadline does not affect the timeline for Pi Network’s Open Network launch, which remains scheduled for Q1 2025. The Core Team has reassured the community that the grace period extension is strictly to support users in completing verification, not to delay the much-anticipated launch.

Act Now – Don’t Lose Your Pi!

With the February 28, 2025, deadline rapidly approaching, Pi Network strongly urges all Pioneers to act immediately. Given that this might be the final extension, it is crucial for users to complete their KYC process and secure their Pi coins before time runs out.

For those still facing verification issues, now is the time to resolve them and ensure a smooth transition to the Mainnet. The Pi Network is on the verge of a major milestone, and verified users will be best positioned to benefit from its growing ecosystem.

Final Thoughts

The KYC verification process is a critical step in ensuring a decentralized and real-user-driven network. As Pi Network moves closer to its Open Network launch, securing your holdings by completing KYC is more important than ever. Don’t risk losing your hard-earned Pi – take action before the deadline and be part of Pi Network’s future success.

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