Pi Network (PI) users need to act fast! The Pi Core Team reminds that the Grace Period deadline is March 14, 2025

Pi Network (PI) users need to act fast! The Pi Core Team reminds that the Grace Period deadline is March 14, 2025

The Pi Core Team is urging all Pi Network (PI) users to complete their KYC (Know Your Customer) and Mainnet migration by March 14, 2025, at 08:00 UTC.

Those who do not complete these steps will only receive the Pi balance mined in the last six months before migration, while the majority of their balance will be forfeited.

“Reminder: The Grace Period requires both KYC and Mainnet migration to be completed by 8:00am UTC on March 14, 2025, to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Learn more…”

Why Is KYC Important for Pi Network?

The KYC process is crucial for ensuring that all accounts participating in the Pi Network network are genuine and not bots or duplicate accounts. The Pi Core Team has been rolling out the KYC in phases to all members and has given ample time to complete this requirement.

However, despite the importance of this process, many users have yet to complete their KYC.

With the March 14, 2025 deadline rapidly approaching, users who have not completed this process risk losing the majority of their PI balance. They will only keep the balance mined in the last six months before migration.

What is the Importance of Migrating to the Pi Network Mainnet?

Migration to the Mainnet is a significant step in the Pi Network (PI) ecosystem. Without migration, the coins mined remain on the closed network and cannot be used for transactions on the Open Network.

The migration process allows users to own and use their Pi coins in various transactions. They can also access new features on the Mainnet network, interact with Pi-based applications, and become part of the wider ecosystem.

The Importance of Following Official Pi Network (PI) Sources

In the era of Open Network, the crypto community must be increasingly wary of fake accounts and misleading information.

Pi Network is emphasizing the importance of following official sources of information to avoid falling for scams.

“In the era of Open Network, community contributions and engagement with PIs utilities, features, and communications are more important than ever. Make sure you follow and get information from the authentic official Pi social media accounts! Go to the Pi Safety Center at… pic.twitter.com/yuQg0ucNl9”

Many scammers are now creating fake accounts to try and fool users with incorrect information. The Pi Core Team says that all community members should only get information from the official accounts which are registered with the Pi Safety Center.

Many scammers are also trying to capitalize on users’ ignorance by claiming to be the Pi Core Team or offering fake KYC services.

Always make sure to check the information directly at the official Pi Network source to avoid being scammed.

From the Source:コインが焼失するのを防ぎ、新しいPi Networkチェーンで立憲通貨保有者がどのようにKYC登録とクレジットを行うことができるか、について詳しく知ることができます。

Join the Pi Network community today and begin your journey in the new era of Web3. Download the app on iOS or Android to start mining.

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