Pi Network has reached a significant milestone, surpassing 100 million app downloads, with 14 million users successfully completing their KYC verification. With just one million users left to meet the deadline by December 31, 2024, the cryptocurrency project is gearing up for its highly anticipated Open Network launch. However, the past delays have left the community divided, with some expressing skepticism about whether the launch will happen on schedule.
🎉 Pi Network app has crossed the milestone of 100 million downloads. 🚀
— Pi News (@PiNewsApp) December 5, 2024
Join TG➡️https://t.co/AMtm7XgQwW#PiNetwork pic.twitter.com/czybO6Dbdl
Key Milestones and Developments
Launched over five years ago, Pi Network promises users the ability to mine digital assets directly from their smartphones without consuming substantial energy. Despite the excitement, the project has yet to release its native token or open mainnet, raising questions among critics and enthusiasts alike.
However, the announcement that Pi Network’s app has surpassed 100 million downloads is a significant achievement for the platform. The team has set a target of 15 million KYC verifications to trigger the Open Network launch, and with 14 million users verified, only one million more need to complete their KYC by the end of the year.
Community Response to Delays
Pi Network has faced multiple delays regarding its Open Network launch, leading to mixed reactions within the community. The most recent extension, announced in November, set the final deadline for December 31, 2024, aligning the KYC submission deadline with the deadline for migrating to the Open Network.
While some community members have expressed optimism, others are skeptical, citing past delays as evidence that further extensions are likely. The Pi Core Team has promised to unveil the mainnet open roadmap soon, offering clarity on when users can expect to buy and sell Pi tokens.
Also Read: Can Pi Network Price Recover to $100 After 52% Drop? Key Support Levels and KYC Delay Impact
The Road Ahead for Pi Network
The next few weeks will be crucial in determining whether Pi Network can meet its promises or face further setbacks. With the December 31 deadline approaching, users and critics alike are eagerly awaiting any significant developments that could mark the beginning of the next phase for Pi Network. Whether the remaining KYC submissions are completed in time and if the team can stick to its roadmap will be pivotal in shaping the future of the project.
In conclusion, Pi Network stands at a crossroads, with the community hopeful yet cautious as they await the next major development in this much-anticipated project.
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.
About The Author
