Pi Network’s core team is under intense scrutiny following yet another delay in the KYC (Know Your Customer) deadline and mainnet launch, leading to mounting frustration among users who are beginning to question the legitimacy of the entire project. The latest update, announced on January 30, extends the Pi KYC verification deadline to February 28, 2025, leaving many pioneers concerned about the network’s future.
Pi Network’s mainnet migration has been promised since 2022 but has faced continuous delays, frustrating the millions of users eagerly awaiting the ability to transfer their Pi Coins onto the mainnet wallet. Pioneers, some of whom have been part of the network since 2021, were hoping for a swift migration process after patiently awaiting updates. However, this latest KYC extension has only added to the skepticism surrounding the project.
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. Read the full announcement to learn more about the extension and importance of the Grace Period.…
— Pi Network (@PiCoreTeam) January 31, 2025
The Pi Core team continues to assure users that the delays are necessary for security and operational verification. They emphasize that the extension will provide more time for Pioneers to meet both the security requirements and verification steps needed to complete the process. Despite these assurances, many within the Pi Network community now fear that the delay could signal something more sinister, with some even labeling the project as a potential scam.
The Pi Core team has also committed to launching the Open Network in Q1 2025, although no specific date has been provided. The launch is expected to proceed regardless of the KYC deadline extension. However, the lack of tangible progress and continued delays have led to growing doubts, especially considering the pressure mounting from over 60 million Pi users.
One critical point raised by the Pi Network is that users who fail to complete their KYC and migration by February 28, 2025, will lose access to their Pi Coins permanently, adding further urgency to the situation.
Also Read: Pi Network Extends KYC Deadline to Feb 28, 2025—Act Now or Lose Your Coins!
With each passing delay, the core team’s credibility is being questioned. The upcoming months will be pivotal for Pi Network, as the pressure to deliver on its promises increases, or risk fading into obscurity.
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