Pi Network Mainnet Migration Deadline Set for December 31, 2024

The Pi Network is moving full steam ahead with its mainnet migration, slated for December 31, 2024. This pivotal transition will shift Pi tokens from a testnet environment to a fully operational blockchain network, marking a significant milestone in the project’s evolution.

Once the migration is complete, Pi tokens will be able to trade on decentralized exchanges, facilitate real-world transactions, and be integrated into a variety of decentralized applications (DApps).

Social media has been abuzz with excitement following confirmation from Pi Network’s founder and CEO that the deadline for the open mainnet migration remains firmly set for the end of 2024, as originally planned.

Pi Network has announced an extension for KYC application submissions, moving the initial deadline from September 30 to November 30, 2024. This checklist includes critical tasks such as verifying identity through KYC, securing Pi balances, and preparing for the upcoming mainnet transition.

It’s crucial for users to complete these tasks before the final migration deadline of December 31, 2024, as failing to do so may result in the loss of most of their Pi balance, with the exception of Pi mined within the six months leading up to the migration. This emphasizes the importance of the deadline for anyone looking to preserve their earnings and fully engage in the network’s Open Network phase.

Importance of the Migration

Pi Network has stressed that the mainnet migration is not just a technical upgrade but a vital step toward achieving its vision of a decentralized, community-driven economy. Participants are urged to ensure they meet this deadline and to encourage their Referral Team and Security Circle members to do the same.

Reasons for the Extension

The extension was granted due to various factors, including technical challenges with the KYC timer that affected some users. It aims to give more participants adequate time to verify their accounts, thus maintaining community momentum while aligning with Pi Network’s objectives for an Open Mainnet.

Key Dates to Remember

• November 30, 2024: New KYC application deadline.
• December 31, 2024: Final mainnet migration deadline.

With these deadlines approaching, Pi Network encourages all Pioneers to complete their KYC as soon as possible. Missing these deadlines could lead to significant losses, particularly for those with substantial Pi balances. The extension reaffirms that no further delays will be granted, reinforcing the network’s commitment to fully transitioning to an open blockchain ecosystem by year-end.