Pi Network: Key Updates and December 31st Deadline Insights

Pi Network is a mobile application that enables users to mine cryptocurrency directly from their smartphones. It has emerged as one of the most sought-after projects in recent years, attracting the interest of millions globally.

The app boasts over 50 million downloads on the Google Play Store, with a significant number of users eagerly awaiting the release of its token, PI, and its subsequent debut on cryptocurrency exchanges. As many users hold thousands or even hundreds of thousands of coins, there remains an absence of clear information on when, or if, these will become tradable.

Recently, as reported by CryptoPotato, the team has delayed a crucial deadline to December 31st. This period is when users can complete the essential Know-Your-Customer (KYC) verification processes, referred to as the “Grace Period.” This step is allegedly required for the launch of their mainnet and, ultimately, the token.

However, numerous users express their frustration as the team has postponed this deadline multiple times previously. Initially set for September 30th, it was later moved to November 30th, and now it has been pushed to the end of December. This ongoing uncertainty has led many to question the project’s authenticity.

Additionally, there has been a growing number of speculative claims circulating online suggesting that the project has secured billions in funding. To date, the team has not made any official confirmations regarding this matter.

In a recent talk show, the PiBridge team—a platform designed to connect Pi Network with other protocols—did not provide any updates regarding the mainnet launch.

At this moment, the most critical approaching deadline is December 31st. The pressing question is whether the team will extend it yet again.

In the meantime, the Pi Network team’s latest initiative invites influencers to join their program ahead of the Open Network launch.