October 1, 2024 – The Pi Network has once again postponed key milestones, extending its Know-Your-Customer (KYC) verification deadline to November 30 and pushing the launch of its mainnet migration to December 31. These changes have triggered a range of responses from the Pi Network community.
Partnership Strategy
Pi Network, a cryptocurrency project aiming to allow users to mine digital assets directly from their smartphones, continues to face scrutiny, with no clear timeline for the official launch of its native token or open mainnet. Initially, users were required to complete KYC procedures by September 30. However, the team extended this “Grace Period” to November 30, with mainnet migration now set for December 31, 2024.
The Pi Network team also announced that it is actively seeking partnerships with cryptocurrency service providers and other companies to support its forthcoming Open Network launch. The platform boasts over 60 million users, referred to as “Pioneers,” and presents an “early opportunity for businesses to connect with a rapidly growing Web3 ecosystem,” according to the team.
Community Reactions
The delay has stirred mixed emotions among Pi Network’s user base. Some see it as a significant opportunity for small-scale developers and entrepreneurs within the ecosystem. “This is one of the best Pi developments this year,” commented a user on social media platform X (formerly Twitter).
However, skepticism persists. Critics have labeled Pi Network as a potential scam, expressing doubts about the eventual launch of the open mainnet and its native token.
Mainnet Launch Still Pending
In a related development, PiBridge, a decentralized platform that connects Pi Network with other blockchain networks, hosted a talk show in August. While the community hoped for more details about the highly anticipated mainnet launch, the Pi Core Team refrained from sharing specifics.
The Pi Core Team later revealed that a roadmap for the mainnet, which would enable the buying and selling of Pi tokens, is expected in December 2024. This announcement, however, has left the community divided, with some viewing it as another delay in the project’s progress.
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