Pi Network extends its Grace Period to January 31, 2025, with over 9 million mainnet migrations and 14 million KYC verifications. Despite delays, the app has achieved over 100 million downloads, primarily in Asia. The project maintains ongoing user support through accessible resources and community engagement, anticipating the Open Network launch in early 2025.
In a significant announcement, Pi Network has extended its Grace Period for migration to January 31, 2025, witnessing over 9 million migrations and 14 million KYC verifications. The launch of the Open Network is expected in the first quarter of 2025 despite a history of delays. The app has also achieved an impressive 100 million downloads, gaining traction notably in Asian markets like South Korea, where local users exceed 1.3 million.
Since its inception in 2019, Pi Network has faced criticism for the delay of its open mainnet and native token. Initial goals included reaching 15 million KYC verifications to facilitate the launch of the Open Network. This deadline has been revised multiple times, with developers reporting steady progress and encouraging users to complete their necessary verifications promptly.
Despite the ongoing frustrations surrounding delays and lack of transparent communication regarding the native token, Pi Network continues to grow in popularity. Its application has recently surpassed 100 million downloads, with a significant user base emerging in several Asian countries. South Korea alone boasts over 1.3 million users, surpassing prominent exchanges like Binance and Coinbase, except for Upbit and Bithumb.
As the project moves forward, the Pi Network team urges users to check their Mainnet Checklist and KYC app for pending actions. Additionally, they have established a support channel on Telegram to assist those facing difficulties with the migration process, demonstrating a commitment to community engagement and support. “If you’re still waiting on either Mainnet migration or KYC, remember to check your Mainnet Checklist and KYC app to see if further actions are necessary,” they note.
Pi Network is a mobile cryptocurrency initiative that enables users to mine coins via their smartphones. Launched in 2019, it aims to build a user base that can eventually validate transactions on their blockchain. With platforms like Telegram providing support, the community is encouraged to overcome barriers in KYC verification, which is crucial for users to transition to the open mainnet and benefit from the upcoming native token.
In summary, Pi Network’s latest developments reveal a concerted effort towards launching its open network while navigating user migration challenges. The extended Grace Period and growing app downloads highlight a resilient community amidst project delays. Ultimately, despite community frustrations over timelines, Pi Network continues to expand its presence, especially in Asian markets, laying the groundwork for a promising cryptocurrency future.
Original Source: cryptopotato.com
