The Pi Network, a cryptocurrency project that promises mobile-friendly mining, has once again pushed back its mainnet launch, leaving its multi-million-strong community frustrated. Despite being introduced over five years ago, the project has yet to deliver its native token or mainnet, with the latest delay extending the timeline to January 31, 2025.
Grace Period Update Reminder: We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025 to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025! pic.twitter.com/gGtXU3qBEM
— Pi Network (@PiCoreTeam) December 24, 2024
Another Setback for Pioneers
Initially, the Pi Network team set late September 2024 as the deadline for its Know-Your-Customer (KYC) verifications and mainnet migration, known as the Grace Period. This was later postponed to November 30, then to New Year’s Eve, and now to the end of January 2025. According to the team’s post on X, the latest extension is intended to allow more users, referred to as “Pioneers,” to complete the migration process before the Open Network’s planned launch in Q1 2025.
While the developers aim to ensure inclusivity, the repeated extensions have fueled skepticism among the community. Frustrated users have taken to social media, with some sarcastically suggesting the Grace Period should be extended until 2028.
One critic wrote, “Nobody believes this will actually launch anytime soon. Maybe when the bull run is over,” highlighting growing doubts about the project’s credibility.
Progress Amid Delays
Despite the delays, Pi Network reports progress in its KYC verifications, claiming that 18 million users have completed the process, with 8 million successfully migrating to the mainnet. The team maintains optimism about launching the Open Network in early 2025, emphasizing the importance of the Grace Period in securing users’ Pi holdings.
Community Patience Wears Thin
The Pi Network’s ongoing delays have tested the patience of its global community, which initially rallied behind the project’s vision of democratizing cryptocurrency mining. Many Pioneers are now questioning the feasibility of the mainnet launch and whether the project can meet its revised timeline.
With the Open Network’s launch now expected in Q1 2025, the Pi Network team faces mounting pressure to deliver tangible results. As skepticism grows, the project’s ability to meet its latest deadline will be critical in restoring trust and maintaining its community’s support.
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