Pi Network’s long-awaited mainnet launch faces yet another setback, as the Pi Core team has announced yet another delay to the KYC (Know Your Customer) deadline and the subsequent mainnet migration. The deadline for Pi KYC verification is now extended to February 28, 2025, fueling growing frustration among users who have been eagerly awaiting this moment since joining the network in 2021. The delay has led many in the Pi community to question the legitimacy of the project, with some fearing it may be a scam.
The Pi Core team initially promised the mainnet launch by Q1 of 2025, but with the KYC deadline extension, that timeline now seems uncertain. Since the mainnet launch was first announced in 2022, users have faced continual delays, heightening skepticism and raising doubts about the viability of Pi Coin as a legitimate investment. The latest extension has only intensified concerns, with some users now worried that Pi Network may be exploiting their hopes and ambitions for its own gain.
The KYC and Mainnet migration deadlines for the Grace Period have been extended to February 28, 2025, ensuring Pioneers have additional time and opportunity to secure their Pi. Read the full announcement to learn more about the extension and importance of the Grace Period.…
— Pi Network (@PiCoreTeam) January 31, 2025
In their defense, the Pi Core team has emphasized that the extension provides users with more time to fulfill security and verification requirements. They also clarified that the extension does not affect the broader Open Network project, which remains on track for a Q1 2025 launch. However, the uncertainty surrounding the KYC process has left many wondering if the Pi Core team will be able to deliver on their promises.
According to the Pi Core team, users who fail to complete their KYC verification and migration by the new deadline risk permanently losing their Pi Coin holdings. With over 60 million users anxiously awaiting to move their coins to the mainnet wallet, the pressure is on for the Pi Core team to fulfill their commitments.
Also Read: Pi Network Extends KYC Deadline to Feb 28, 2025—Act Now or Lose Your Coins!
As the clock ticks down, Pi Network must prove it can meet its promises, or it risks fading into obscurity as another failed crypto project.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of FXRift.com . Before making any investment decisions, you should always conduct your own research. FX RIFT is not responsible for any financial losses.
