Pi Network has announced an extension for its Grace Period, moving the KYC verification and Mainnet migration deadline from January 31, 2025, to February 28, 2025. This decision gives Pioneers additional time to complete the necessary steps to secure their Pi coins before the network’s transition to the Open Network phase.
This extension is designed to reinforce fairness and accessibility for all users. It operates independently of the Open Network launch timeline, meaning that the official launch could occur either before or after the Grace Period ends. The focus, however, remains on allowing Pioneers the maximum opportunity to validate their identities and safeguard their digital assets.
“The KYC and Mainnet migration deadlines for the Grace Period have been extended to February 28, 2025, ensuring Pioneers have additional time and opportunity to secure their Pi.”
– Pi Network Official Announcement
What This Means for Pi Pioneers
For those in the Pi community, the extended deadline translates into more flexibility and reduced pressure to complete the required procedures. Pioneers must now submit their KYC applications and complete the Mainnet Checklist by the new deadline to avoid forfeiture of older Pi balances. Specifically, if the process is not completed in time, only the Pi mined in the six months immediately preceding migration will be retained.
This move underscores Pi Network’s commitment to inclusivity. By extending the Grace Period, the platform aims to accommodate users who might have experienced delays or challenges with the verification process. For a detailed explanation of the extension’s benefits, visit the official Pi Network blog .
Independent of the Open Network Launch
It is crucial to note that the extension does not impact the scheduled Open Network launch. According to multiple sources, including recent coverage by CryptoTimes and Bankless Times , the Open Network launch is still projected for Q1 2025. This separation allows Pi Network to focus on ensuring that a significant number of its users are verified and ready for Mainnet migration without delaying the broader rollout.
Key Takeaways
- New Deadline: Pioneers have until February 28, 2025, to complete their KYC verification and Mainnet migration.
- Forfeiture Risk: Failing to meet the deadline may result in the forfeiture of older Pi balances, retaining only the coins mined in the last six months before migration.
- Independence from Launch: The extension is unrelated to the Open Network launch timeline, which remains on track for Q1 2025.
- User-Focused Approach: The decision emphasizes Pi Network’s dedication to fairness, ensuring that more users have the opportunity to secure their Pi holdings.
Conclusion
The extended deadline is a strategic decision aimed at reinforcing transparency and user inclusivity in an increasingly competitive crypto landscape. With the new deadline set for February 28, 2025, Pi Network continues to demonstrate its commitment to a secure and equitable transition to the Mainnet and eventual Open Network. Pioneers are encouraged to act promptly, ensuring that they complete the necessary KYC and migration steps to fully benefit from the network’s evolving ecosystem.
