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Cryptocurrency News Articles

Pi Network Community Approaching Critical Deadlines: KYC Verification and NFT Deposits on PiBridge to Close Soon

Sep 18, 2024 at 08:11 am

The Pi Network community is approaching a critical deadline. By September 30, 2024, all users must complete their KYC verification and deposit their

Pi Network Community Approaching Critical Deadlines: KYC Verification and NFT Deposits on PiBridge to Close Soon

Critical Deadlines Approaching for Pi Network Community: KYC Verification and NFT Deposits

The Pi Network community is quickly approaching two critical deadlines that will impact their ability to fully participate in the platform. All users are urged to complete their Know-Your-Customer (KYC) verification and deposit their non-fungible tokens (NFTs) on PiBridge before September 30, 2024. Missing these deadlines could result in losing access to essential features and opportunities within the platform.

Pi Core Team Sets Deadline for KYC Completion

The Pi Core Team has set a deadline for users to complete their KYC verification. As of now, over 13 million users have successfully passed KYC, and six million have migrated their Pi to the mainnet. This verification is mandatory for users who want to be fully part of the network’s growth.

In a recent announcement, the Pi Network team advised users, “Make sure you don’t miss your deadlines to submit KYC or migrate your Pi. Ask your Security Circle and Referral Team to take actions before the Grace Period ends.” By completing this process, users will be ready for future updates in the platform.

PiBridge to Close NFT Deposits Gateway

PiBridge, a decentralized financial platform that connects the Pi Network to other blockchain networks, has also announced an important deadline. Miners need to deposit their NFTs on the PiBridge application before the gateway closes on September 30, 2024.

The recent opening of the NFT Pool on PiBridge allows miners to stake their NFTs and maximize their digital assets. In their announcement, PiBridge stated, “PiBridge will soon close the Miner NFT deposit gateway to transition to the next development phase. Don’t miss the chance to deposit your Miner NFT and stake on the app.”

Mainnet Open Roadmap to Be Revealed in December

The Pi Core Team has also announced a significant update regarding the mainnet. By December 2024, they will release the mainnet open roadmap, expected to enable the buying and selling of Pi tokens on official platforms. This roadmap marks an important milestone for the Pi Network as it gears up for broader adoption.

The mainnet launch was a key topic during an August talk show hosted by PiBridge, where users were encouraged to prepare for upcoming developments. Soon after, the Pi Core Team confirmed the December timeline for revealing the roadmap.

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