Pi Network (PI) News Recap October 1st
Pi Network (PI) News Recap October 1st
Pi Network has postponed its KYC deadline to November 30 and mainnet migration to December 31, prompting mixed reactions from the community.
The team is selecting partnerships with crypto service providers and other companies to prepare for its Open Network launch.
Seeking for Partnerships
Pi Network â a cryptocurrency project whose goal is to allow users to mine and earn digital assets directly from their smartphones â has been around for over five years. However, it keeps raising some eyebrows across the community since there is no clear indication when the native token and open mainnet will see the light of day.
Earlier this year, the team advised users to pass necessary Know-Your-Customer (KYC) verification procedures by September 30, a deadline known as the âGrace Period.â Later, it extended the period to November 30, 2024. The final deadline for users to migrate to mainnet was moved to December 31 this year.
Most recently, Pi Network assured it has been selecting partnerships with crypto service providers and other companies ahead of the Open Network launch.
âThis is a unique, early opportunity for businesses to connect with over 60 million engaged Pioneers and become part of Piâs rapidly expanding Web3 ecosystem,â the team stated.
As usual, the latest announcement caused mixed feelings from X users commenting below the post. Some described it as âa massive opportunity for small-time builders on the networks and one of the best Pi news of the year.â