Pi Network, a cryptocurrency project that allows users to mine digital assets from their smartphones, has extended its Know-Your-Customer (KYC) deadline to January 31, 2025. Despite the delays and confusion surrounding the launch of its open mainnet, the project’s app has surpassed 100 million downloads, with a strong community presence in Asia.

Pi Network’s Developments This Year

The Pi Network community has witnessed multiple updates in 2024, with the team preparing to launch its open mainnet. However, the constant delays have frustrated some community members, who are growing impatient for significant developments. The team has promised that the open network will become possible once 15 million users pass necessary KYC verifications and migrate to the mainnet.

KYC Deadline Extended

Initially, users had until the end of September to abide by the rules, but the deadline was extended numerous times and eventually pushed to January 31, 2025. The latest delay has annoyed many members of the community, while others have experienced serious issues when trying to pass KYC procedures.

Pi Network’s Popularity on the Rise

Despite the lack of clear information about the launch of the native token and open mainnet, Pi Network continues to increase its popularity globally. The project’s application has surpassed 100 million downloads, with a strong community presence in Asia, particularly in countries like China, South Korea, Vietnam, Singapore, India, and Japan.

Users Should Stay Vigilant

The project’s huge popularity has made it a target for scammers, and Pi Network’s team has issued warnings to protect its community. Users are advised to rely only on information shared on official channels and to use only their Pi Wallets in the designated Pi Browser.

Key Takeaways

* Pi Network has extended its KYC deadline to January 31, 2025. * The project’s app has surpassed 100 million downloads, with a strong community presence in Asia. * The constant delays have frustrated some community members, who are growing impatient for significant developments. * Pi Network’s popularity continues to rise, making it a target for scammers. * Users are advised to stay vigilant and rely only on information shared on official channels.

Source: Cryptopotato.com

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