Pi Network, a popular mobile application enabling users to mine cryptocurrency directly from their smartphones, has captured the interest of millions globally 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 remain in anticipation of 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, yet there’s no concrete confirmation on when or if they will be tradable.

Recently, the Pi Network team postponed a crucial deadline, pushing it back to December 31st. As initially reported by CryptoPotato, this extended period is referred to as the “Grace Period,” during which users are required to complete their Know-Your-Customer (KYC) verification. The KYC process is essential for the future launch of Pi Network’s mainnet and the eventual listing of the PI token on crypto exchanges.

The repeated delays, however, have sparked frustration among many users. This new extension follows previous deadlines of September 30th and November 30th, both of which were pushed back. The ongoing postponements have led to growing concerns about the legitimacy of the project, as users eagerly await more transparency.

Adding to the speculation, there have been unverified claims circulating online that Pi Network has secured billions in funding. As of now, 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 Pi Network with other blockchain protocols – also failed to address a clear timeline for the launch of the mainnet, leaving many questions unanswered.

For now, the key date to watch is December 31st, but given past trends, it remains uncertain whether this deadline will be extended yet again. On another note, the Pi Network team is actively encouraging influencers to apply for their promotional program, signaling continued preparations for the eventual Open Network launch.

In summary, while excitement around Pi Network remains strong, users and stakeholders should monitor developments closely, especially as the December 31st deadline approaches. Only time will tell if the project meets its next milestone or if more delays are on the horizon.

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