🚨Key Takeaways:
Pi Network users must complete KYC, set up wallets, sign token agreements, and fulfill other critical tasks before the deadline to avoid losing access to their tokens.
The Pi Core Team plans to release the open mainnet roadmap in December, but this has sparked mixed reactions due to concerns over potential delays.
Important Steps for Migration
Despite its presence for over five years, Pi Network – the innovative yet controversial crypto project allowing users to mine digital assets via smartphones – has yet to launch its native token or open mainnet.
Earlier this year, the Pi Core Team indicated that these key milestones hinge on users completing the Know-Your-Customer (KYC) process. Initially, the deadline was set for September 30 but was later extended to November 30 to give users more time.
The project’s developers also specified that the Open Network would launch only after 15 million users complete their KYC verifications. As per recent updates from Pi News, the target is almost within reach, with only 1 million users remaining.
However, completing the KYC process is not enough. The team recently reminded users that additional steps are necessary for migration to the mainnet.
These include:
Setting up and confirming your Pi wallet.
Signing the token confirmation agreement.
Completing other items on the migration checklist.
“Users don’t need to wait for KYC to complete these tasks. If migration steps aren’t finalized within the grace period, your Pi tokens could be deemed abandoned and rendered unusable,” the team cautioned.
December’s Open Mainnet Roadmap Announcement
In late August, PiBridge – a platform connecting Pi Network with other blockchains – hosted a talk show. Many users expected announcements about the mainnet launch, but no major updates were revealed.
Shortly afterward, the Pi Core Team announced plans to unveil the Open Mainnet roadmap in December. This roadmap will enable official Pi token transactions and could mark a significant step for the project.
While the announcement has excited many in the community, some users have expressed frustration, viewing the delay as yet another example of slow progress in a long-awaited project.
With the deadline to finalize migration tasks fast approaching, now is the time for Pi Network users to act decisively and secure their tokens before the project takes its next big step.