Pi Network, a popular mobile app that allows users to mine cryptocurrencies directly from their smartphones, has captured the attention of millions of people worldwide in recent years. With over 60 million downloads on the Google Play Store, Pi Network has become one of the most widely discussed blockchain projects. Despite its popularity, users are still waiting for the official launch of the PI token and its availability on cryptocurrency exchanges. Many users have accumulated tens of thousands, or even hundreds of thousands, of PI coins, but there is no concrete confirmation on when or if they will be tradable.
Recently, the Pi Network team pushed back a crucial deadline, moving it to December 31. As CryptoPotato initially reported, this extended period is referred to as the “grace period,” during which users are required to complete the Know Your Customer (KYC) verification process. The KYC process is essential for the future launch of the Pi Network mainnet and the eventual listing of the PI token on cryptocurrency exchanges.
But the repeated delays have frustrated many users. This new extension comes after previous deadlines of September 30 and November 30 were postponed. The continued delays have raised concerns about the project’s legitimacy as users eagerly await more transparency.
In addition to speculation, there have been unconfirmed claims circulating online that Pi Network has secured billions of dollars in funding. So far, the team has not made any official statements or provided confirmation regarding such rumors.
In a recent broadcast, the team behind PiBridge — a project designed to connect the Pi Network to other blockchain protocols — failed to set a clear timeline for the mainnet launch, leaving many questions unanswered.
Currently, the main date to watch is December 31, but given past trends, it remains uncertain whether this deadline will be extended again. On another note, the Pi Network team is actively encouraging influencers to apply for their promotional program, indicating ongoing preparations for the eventual launch of the Open Network.
In short, while the excitement surrounding the Pi Network project remains strong, users and stakeholders should keep a close eye on developments, especially as the December 31 deadline approaches. Only time will tell if the project will achieve its next goal or if there are further delays on the horizon.