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Cryptocurrency News Articles
Pi Network Announces Final Extension for KYC and Mainnet Migration Deadline
Mar 01, 2025 at 07:15 pm
Pioneesrs must complete KYC and migrate their Pi to Mainnet before the March 14, 2025 deadline. Unverified Pi holders risk losing most of their Pi balance.
Pioneers must complete KYC and migrate their Pi to Mainnet before March 14, 2025, or they risk losing most of their unverified Pi balance.
>Unverified Pi holders risk losing most of their balance after March 14, 2025.
Those who have not yet completed the Know Your Customer (KYC) process and migrated their Pi to Mainnet will have limited time remaining to do so. This final deadline has been set for 8:00 AM UTC on March 14, 2025.
"The KYC and Mainnet migration deadlines for the Grace Period have been extended one last time to 8:00am UTC on March 14, 2025, allowing additional time and opportunity after Open Network for real Pioneers to verify their balances and migrate to the Mainnet.
After this final deadline, mobile balances will no longer be supported and any unclaimed Pi will be returned to the network. This is necessary to help the network move forward while keeping it secure and decentralized. We will be making a final post about this on the community channels to reach those who may have gone inactive.
The complete post from Pi Network reads:
"Hello Pioneers!
We are extending the KYC and Mainnet migration deadlines one last time to 8:00 AM UTC on March 14, 2025.
This final deadline will provide early Pioneers who may have gone inactive with another opportunity to verify their identity and migrate their Pi holdings to the Mainnet after the Open Network launch.
The KYC and Mainnet migration deadlines for the Grace Period have been extended one last time to 8:00am UTC on March 14, 2025, allowing additional time and opportunity after Open Network for real Pioneers to verify their balances and migrate to the Mainnet.
Learn more: https://blog.pi-network.inc/posts/open-network-implications-for-unverified-pi
Now that the Open Network is live, holding large amounts of unverified Pi on mobile wallets is not practical for the long-term maintenance of a decentralized and secure Pi Network.
This final extension is necessary to help the network move forward while keeping it crucial to maintain. We will be making a final post about this on the community channels to reach those who may have gone inactive.
Pioneers who miss this deadline will lose most of their mobile balance, but they will retain Pi mined within the last six months before migration. This is the final extension. There will be no more.
We urge all Pioneers to take the time to verify their accounts and migrate their Pi to Mainnet to ensure a smooth transition and a secure future for the Pi Network."
This extension provides a valuable opportunity for early adopters of the Pi Network to complete the required procedures and secure their digital assets.
As the final deadline approaches, it is essential for Pioneers to prioritize completing KYC, migrating their Pi to Mainnet, and staying informed about official announcements from Pi Network.
This news content may be used, in whole or in part, on any legal business, personal, or institutional website, email, newsletter, or other communication. Credit must be given to the source.
The post One Last Extension As Pi Network Gives Final Warning On March 14 Deadline appeared first on iHoDl.com.
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