This is what happened in the last 30 days

Summary

• Pi Network has extended its KYC and mainnet migration deadlines to November 30 and December 31, 2024, frustrating some users who suspect there will be further delays to the mainnet launch.
• Despite skepticism from the community, the Pi core team announced that the open mainnet roadmap, which will enable official trading of Pi tokens, will be revealed in December 2024.

Most important recent updates

Pi Network has been around for years, but it remains one of the most controversial projects in the cryptocurrency industry. While its goal is to allow users to mine and earn digital assets directly from their smartphones, the uncertainty of when a native token and mainnet will be launched be introduced It continues to raise suspicions throughout the community.

Over the past month, the team behind Pi Network announced several updates and upcoming initiatives that might be interesting for users.

The working group discussed that more than 13 million people have already They passed Know Your Customer (KYC) procedures, while more than six million users migrated to the mainnet. It also set September 30, 2024 as the deadline for users to complete their KYC verification and transition to the mainnet.

“Make sure Don't miss deadlines to submit KYC or migrate your Pi. Ask your Security Circle and Referral Team to take care of it. behavior before the grace period ends,” the statement reads.

Additionally, PiBridge (a decentralized financial platform that acts as a bridge between the Pi network and other blockchains) inserted an nft pool on its app. The team recommended miners to deposit their non-fungible tokens for staking on the app before September 30, 2024.

However, earlier this week, Pi Network changed its deadlines. Cryptopotato reported, Know Your Customer (KYC) verification procedures (known as the “Grace Period”) have been extended until November 30, 2024, while the final deadline for users to migrate to the mainnet It was moved until New Year's Eve.

Many They showed their Discontent with the latest changes has grown. Some claimed that the delay could be another sign that the project is a scam, while others began to lose hope. hope that the main network is open will one day see the light of day.

The talk show and the subsequent effort

Pi Bridge x.com/PiBridgeOrg/status/1825808224165179685″ target=”_blank” rel=”noopener” data-wpel-link=”external”>hosted A special podcast at the end of August, which promised to talk about the long-awaited mainnet launch. Speakers on the talk show included Victor Nguyen (CEO of PiBridge), Woody Lightyear (Founder of Pi Revolution), and Wesley Rocha (CMO of Teltlk International).and claimed Chidi (a prominent figure within the Pi Network community who often participates in such community meetings).

Shortly after the discussion, the Pi Core team x.com/PiNetworkLap/status/1831691998341828811?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener” data-wpel-link=”external”>saying The open mainnet roadmap, which should enable the official purchase and sale of Pi tokens, will be announced in December 2024.

Many users praised the move and said they were looking forward to the next reveal. However, others were not so optimistic. x.com/Lightning456243/status/1831777384833634749″ target=”_blank” rel=”noopener” data-wpel-link=”external”>claiming This is another delaying tactic that will not be followed by any real effort.

<!– ai CONTENT END 1 –>