Pi Network has announced significant progress in its KYC (Know Your Customer) process and Mainnet migration, setting the stage for a potential Open Network launch in Q1 2025.
According to an official post on X, the poroject has reached over 18 million KYC’d users and over 8 million Mainnet migrated Pioneers. To onboard as much as pioneers on the open mainnet, an KYC grace period for January 31, 2025 has been extended.
When will PI Network Mainnet launch?
As mentioned above, the Pi network mainnet will launch in Q1 2025 and has been confirmed by cofounder Nicolas Kokkalis. Looking at the grace period deadline, it is expected that Mainnet will be launched on January 31, 2025 itself.
Previously, the Pi Network’s open mainnet launch was anticipated by the end of December 2024. However, the team has now pushed this target to Q1 2025. The decision aims to minimize the gap between KYC-approved users and those migrated to the mainnet, ensuring a stable and inclusive ecosystem before the open network launch.
While the delay may disappoint some users, By focusing on bridging the KYC and migration gaps, Pi Network seeks to ensure an inclusive platform that maximizes the potential for all participants.
Why is Pi KYC important?
- Pi Network has always prioritized accessibility and inclusivity. We want as many Pioneers as possible who have been on this journey together to have the opportunity to use their Pi once Open Network launches.
- More Pi migrated to Mainnet before Open Network means more engagement and stability in the ecosystem.
- The millions of Pioneers who need to migrate to Mainnet may be in your Referral Teams and Security Circles. Their migrations mean you will receive more Pi based on the bonus Pi you mined attributed to them.
Chengdiao Fan and Nicolas Kokkalis, the founders of the Pi Network, said, “More Pi on Mainnet also means more engagement and stability in the ecosystem.“
Also Read: Pi Network Adds RPC Server on Testnet to Enable Smart Contracts
