TL;DR
- Pi Network has extended its KYC deadline to November 30 and postponed the mainnet migration to December 31, eliciting mixed responses from the community.
- The team is forming partnerships with crypto service providers and various companies in preparation for its Open Network launch.
Seeking Partnerships
Pi Network – a cryptocurrency project aimed at allowing users to mine and earn digital assets directly from their smartphones – has been around for over five years. However, it continues to raise some eyebrows within the community due to the lack of a clear timeline for the launch of its native token and open mainnet.
Earlier this year, the team advised users to complete the necessary Know-Your-Customer (KYC) verification procedures by September 30, a period known as the “Grace Period.” Later, it extended the deadline to November 30, 2024. The final deadline for users to migrate to the mainnet was moved to December 31 this year.
Recently, Pi Network assured it has been selecting partnerships with crypto service providers and other companies ahead of the Open Network launch.
“This is a unique, early opportunity for businesses to connect with over 60 million engaged Pioneers and become part of Pi’s rapidly expanding Web3 ecosystem,” the team stated.
As usual, the latest announcement caused mixed reactions from users commenting below the post. Some described it as “a massive opportunity for small-time builders on the networks and one of the best Pi news of the year.”
Others, however, claimed that the cryptocurrency project is a scam, doubting that the launch of an open mainnet and native token will happen anytime soon.
Waiting for December
Another significant development surrounding Pi Network occurred at the end of August when PiBridge (a decentralized financial platform that acts as a bridge between the project and other blockchain networks) hosted a talk show. While the highly anticipated launch of the mainnet was supposed to be part of the discussion, the working group did not share any further details.
Shortly after, the Pi Core Team announced that the mainnet open roadmap, which should allow the official buying and selling of Pi tokens, will be disclosed in December 2024.
Once again, the community was divided on the move, with some seeing it as another delay tactic
