In a significant turn of events, Pi Network has extended the KYC and Mainnet migration deadlines for the Grace Period to March 14, 2025, providing Pioneers with additional time to secure their Pi balances. This unexpected move marks a pivotal moment for the cryptocurrency platform, offering a lifeline to users following the recent Open Network launch.
According to an official announcement from Pi Network, the extension serves as a final opportunity for Pioneers to complete their Know Your Customer (KYC) verification and Mainnet migration, ensuring they retain their Pi balances. In a statement, Pi Network officials underscored their commitment to inclusivity, noting that this decision aims to support users who have faced delays or recently rejoined the platform.
The Grace Period deadline, initially set for February 28, 2025, has now been shifted to March 14, 2025, at 8:00 am UTC. Confirmed by Pi Network officials, this extension addresses challenges faced by Pioneers, such as system delays or limited time to complete the required steps after the Open Network launched on February 20, 2025. Insiders reveal that the goal is to maximize participation in the Mainnet migration, a critical process for users to fully engage with Pi’s ecosystem.
Furthermore, sources say that failing to meet this new deadline will lead to the forfeiture of most of a Pioneer’s Mobile Balance, with only Pi mined in the six months prior to migration remaining intact. This rule, unchanged from previous policies, adds urgency to the situation. Meanwhile, the extension reflects Pi Network’s response to community feedback, ensuring that returning users have a fair shot at securing their assets post-launch.
Historically, the Grace Period began on July 1, 2024, with an original six-month window for Pioneers to complete KYC and migrate to the Mainnet. Previous extensions were granted to tackle technical hurdles and boost participation. In the wake of the Open Network’s debut, this latest deadline shift is a strategic effort to align with new features, such as centralized exchange integrations and onramps, enhancing Pi’s utility for users worldwide.
According to sources within the Pi Network community, the extension has sparked widespread approval, particularly among Pioneers who returned after the Open Network launch. In a statement, a Pi Network spokesperson declared this the final extension, urging users to act promptly. Community reactions suggest relief, with many viewing it as a fair chance to catch up amid the platform’s rapid evolution.
The extension carries significant weight for Pioneers yet to complete their KYC or Mainnet Checklist. Officials have described the situation as urgent, warning that missing the March 14, 2025, deadline could jeopardize Referral Team and Security Circle bonuses, in addition to Mobile Balances. With the Open Network now operational, completing the migration is essential for accessing Pi’s full potential, making immediate action critical.
In summary, Pi Network’s extension of the KYC and Mainnet migration deadlines to March 14, 2025, offers Pioneers a final window to safeguard their Pi balances. The bottom line is clear, users must act swiftly to complete their KYC and Mainnet Checklist to avoid forfeiture. Key takeaways include the need to follow Pi Network’s official guidelines and monitor updates on their blog for any further developments. Time is of the essence—don’t miss out.
Pi Coin’s current price stands at $2.23, reflecting a robust market cap of approximately $15.07 billion. Recently, the coin experienced a noticeable surge of nearly 80% in the past 24 hours, reaching a new all-time high of $2.99, influenced by the excitement surrounding its upcoming mainnet launch and potential listings on major exchanges like Binance, which could further enhance liquidity. Investor interest is building as discussions about the coin’s future unfold, with some analysts predicting significant price movements based on market dynamics and real-world utility. As the community awaits these developments, the focus remains on maintaining momentum amid potential volatility.
