Pi Network users must act quickly to complete KYC verifications and other tasks to avoid losing tokens. Following delayed deadlines, the Pi Core Team plans to unveil the open mainnet roadmap in December, though community reactions are mixed regarding this timeline.
Pi Network users must prioritize completing their KYC verifications, setting up wallets, signing agreements, and fulfilling additional tasks to avoid losing access to their tokens. The Pi Core Team announced they will reveal the open mainnet roadmap in December, a move that has received a mix of optimism and skepticism regarding potential delays.
Despite existing for over five years, the Pi Network, known for allowing smartphone users to mine cryptocurrency, has yet to launch its native token or open mainnet. Earlier in the year, the team indicated major developments would follow once all users finished the necessary Know-Your-Customer (KYC) steps. The original deadline was September 30 but has since been pushed to November 30.
To proceed with launching the Open Network, the developers mentioned that 15 million users are required to complete the KYC process. However, recent reports from Pi News revealed that only 1 million are needed to reach this target. They emphasized that ensuring KYC verification is just one part of the migration, pointing out that users also need to set up and confirm their wallet and finalize several checklist items.
The Pi Core Team noted, “These steps can be completed before KYC, no need to wait.” They cautioned that failing to complete the migration during the grace period could lead to users’ Pi tokens being rendered abandoned and unusable.
In late August, during a talk show hosted by PiBridge, a decentralized finance platform, many in the community hoped for updates on the mainnet launch. The team, however, did not provide further information. Shortly afterward, the Pi Core Team promised to announce the open mainnet roadmap in December, enabling official transactions of the Pi token. This announcement sparked varied reactions within the community, with some celebrating while others anticipated more delays.
Pi Network is a cryptocurrency project that allows individuals to mine digital assets via their smartphones, creating accessibility for users around the globe. Over the years, the project’s progress has faced challenges, particularly regarding the introduction of its native token and open mainnet, which are critical for the platform’s full functionality. With KYC verifications being a significant step for Pi users, the upcoming roadmap reveal is anticipated to clarify the future of the network and its token transactions.
To sum up, Pi Network users are reminded of the urgency in completing their KYC verification and associated tasks to secure their tokens before imminent deadlines. The approaching roadmap announcement from the Pi Core Team in December could pave the way for much-anticipated updates about the open mainnet, but mixed community reactions indicate a cautious optimism. As the countdown continues, users are urged to take action to ensure they fully engage with this evolving cryptocurrency.
Original Source: cryptopotato.com
