Date: Fri, Sept 20, 2024, 05:30 AM GMT
Pi Network, the popular mining platform, has made a major announcement for its community of Pioneers. On September 18, 2024, the network extended its Know Your Customer (KYC) application deadline, giving users more time to complete this crucial step in securing their $PI coins. The original deadline of September 30, 2024, has been pushed to November 30, 2024.
However, while the KYC application deadline has been extended, the final deadline to complete the migration to Mainnet remains unchanged at December 31, 2024.
Source: minepi
Grace Period Extension: What You Need to Know
New KYC Deadline: You now have until November 30, 2024, to submit your KYC application. This extension is meant to help more users get verified and ensure inclusivity within the Pi Network.
Final Migration Deadline Stays the Same: The deadline to complete the Mainnet migration checklist is still December 31, 2024. Users must complete this checklist to fully transition their Pi coins to the Mainnet.
Important Reminder:
Missing either deadline could lead to the loss of most of your mined Pi coins. The only exception is Pi coins mined within the last 6 months, which may still be recoverable. Pi Network encourages users to act promptly to avoid missing out on their balances.
The network's decision to extend the KYC deadline is seen as a move to promote fairness and ensure that more users can complete their verification process. However, the push towards full migration by the end of 2024 indicates the projectâs momentum toward achieving its long-term goals for the Open Network.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.