TL;DR
- Pi Network has set a deadline of September 30, 2024, for users to finalize their KYC verification and for miners to deposit their NFTs on PiBridge.
- The Pi Core Team is set to unveil the mainnet open roadmap in December 2024, with the goal of facilitating official token transactions.
Countdown Under Two Weeks
Pi Network is a cryptocurrency initiative that aims to empower users to mine and earn digital assets directly from their mobile devices. Recently, it commemorated its 2,000 days since the official launch in March 2019.
Nevertheless, some within the crypto community express skepticism regarding the project’s trajectory, as there are no definitive timelines for the launch of an open mainnet or a native token.
The Pi Network team has previously stated that more than 13 million users have successfully completed the Know-Your-Customer (KYC) verification, whereas six million users have transitioned to the mainnet. They have also established September 30, 2024, as the cut-off date for all users to complete this verification process.
“Ensure you meet your deadlines for KYC submissions or for migrating your Pi. Reach out to your Security Circle and Referral Team to take necessary actions before the Grace Period concludes,” advised the working group.
This week, PiBridge (a decentralized finance platform connecting the Pi Network with other blockchain networks) announced the initiation of an NFT Pool on the PiBridge application. Miners have been encouraged to quickly deposit their non-fungible tokens to stake before the deadline of September 30, 2024.
“PiBridge will soon close the Miner NFT deposit gateway as it transitions to the next phase of development. Don’t miss out on your opportunity to deposit your Miner NFT and stake on the app,” the announcement states.
Major Milestones Anticipated This Year
In late August, PiBridge held a talk show where the launch of the mainnet was a central discussion topic. Following this, the Pi Core Team confirmed that the open roadmap for the mainnet, designed to facilitate official trading of Pi tokens, will be revealed in December 2024.
Mainnet Opening Update
1. The Pi Core Team has announced that they will unveil the Mainnet open roadmap in December, allowing for official buying and selling of Pi tokens.
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— Pi Network News (@PiNetworkLap) September 5, 2024
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