The blockchain-based cryptocurrency project, Pi Network, has officially announced December 31, 2024, as the target date for transitioning from its testnet to the open mainnet. This highly anticipated move marks a significant milestone in Pi Network's journey, allowing users to migrate their Pi coins from the testnet to the mainnet. This transition will enable real-world transactions and trading, unlocking full functionalities for the network's ecosystem.
A key component of this transition is the completion of Know Your Customer (KYC) verification, designed to ensure the legitimacy of the network’s users. To accommodate all participants, Pi Network has extended the KYC deadline to December 31, 2024, giving users ample time to finalize their verification process.
While the mainnet launch is set for the end of 2024, some sources indicate the transition could occur in early 2025. Stakeholders are advised to stay informed through official Pi Network communications to receive the latest updates and avoid missing crucial steps leading to the mainnet’s full activation.
The Pi Network’s mainnet launch represents a critical turning point for the project, positioning it for potential growth and wider adoption within the cryptocurrency market. As the team prepares for this transition, the cryptocurrency community will be closely watching to see how Pi Network navigates this next phase of its evolution.
Stay tuned for further developments as Pi Network draws closer to its highly awaited mainnet launch.