- Pi Network Extends KYC Deadline to December 31, 2024: A Crucial Step for Pioneers to Secure Their Pi
Pi Network has announced an important update for its global community of Pioneers: the deadline for KYC (Know Your Customer) submission has been extended from November 30, 2024, to December 31, 2024. This extension aligns with the network’s Mainnet migration deadline, providing Pioneers with more time to complete their KYC and secure their Pi balances.
The first Grace Period deadline to submit the KYC application is now extended to December 31, 2024, making it the same as the second deadline to migrate. The final Grace Period deadline has not changed and is still December 31, 2024. This extension ensures all Pioneers have ample… pic.twitter.com/TLy68TXIIs
— Pi Network (@PiCoreTeam) November 29, 2024
The original KYC deadline was fast approaching, but Pi Network has decided to extend the grace period by a month, ensuring that no Pioneer loses their mobile balance due to a delay in completing KYC verification. This change preserves the overall six-month grace period framework, giving users additional time while maintaining the project’s timeline.
Why This Extension Matters
Completing KYC and migrating to the Mainnet are pivotal steps for all Pi Network users. While the new deadline offers a much-needed cushion, it’s essential that Pioneers act promptly. Failing to complete both tasks before December 31, 2024, could result in losing a significant portion of the previously mined Pi, which makes timely action crucial.
The Pi Network’s decision to extend the deadline underscores its commitment to inclusivity and fairness. By providing more time for KYC submissions, the network aims to ensure that all users, including those in regions with slower internet access or technical issues, have an equal opportunity to transition smoothly to the Mainnet. Importantly, this extension does not alter the overall goals or timeline of the Grace Period, allowing the network to stay on track with its long-term vision.
A Call to Action for Pioneers
Pi Network encourages all users to complete their KYC submissions as soon as possible to avoid last-minute complications. Pioneers should also reach out to their Referral Teams and Security Circles to ensure that everyone in their network is prepared to meet the updated deadline.
As Pi Network transitions to its Open Network phase in 2024, meeting the KYC and Mainnet migration deadlines will be critical for the community’s future success. With this extension, Pioneers now have more time to secure their Pi, but prompt action is still essential for those who want to maximize their participation in the ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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