Pi Network has extended the deadline for Know-Your-Customer (KYC) submissions to December 31, 2024, despite the initial September 2022 deadline. This news has caused mixed reactions among users, with some believing that the project is a scam due to constant delays and broken promises. The team behind the project claims that the Open Network launch is imminent and requires only 1 million more KYC completions to reach the 15 million target.
Pi Network, a cryptocurrency project launched in 2019, has not yet launched its native token and open mainnet. The team initially promised that these developments would occur once all users completed the KYC procedures. The latest extension may cause skepticism about further delays. In addition to the KYC extension, Pi Network has shared guidelines for migrating to the mainnet, emphasizing that completing KYC procedures is only part of the process.
Users are encouraged to set up and verify their wallets, sign the token confirmation agreement, and follow additional steps on the checklist. The community awaits December when the Pi Core Team is expected to share information on the open mainnet roadmap, enabling official Pi token transactions.
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