Pi Network KYC Deadline: Pi Network Extends KYC Submission Deadline

The 6-month Grace Period remains unaltered by the extension, providing Pioneers with ample time to apply for KYC without impeding the Grace Period’s objectives.

Everyone in the Pi Network subreddit is wondering what’s next for the project. Verification for Know Your Customer (KYC) is going to be due on September 30th. In a mad dash to finish, more than two million users have already begun.

The possible launch date for Pi Network’s mainnet has been revived, according to a recent video by Tech Guide, due to this rise in activity.

Amidst the rush to finish KYC, whispers have started about the grace period possibly being extended. According to people familiar with the initiative, users who have problems with the system when verifying may be given more time than the September deadline.

Many analysts are already doubting the viability of a 2024 mainnet launch, which has heightened scrutiny on Pi Network’s plan.

Delays and Expectations for the Pi Network Mainnet Launch

The Know Your Customer (KYC) application deadline for the Pi Network has been pushed back from September 30 to November 30, 2024. This extension was disclosed by the company. As part of the continuing 6-month Grace Period, this modification extends the time for Pioneers to submit their initial Know Your Customer applications.

The date for completing the migration to Mainnet is still December 31, 2024, even though the KYC deadline has been extended. Because failing to do so may result in the loss of the majority of a user’s Pi balance (with the exception of Pi mined during the last six months), users must ensure that they satisfy both deadlines.

The goal of this extension is to make the network more welcoming to all members by expanding migration eligibility. To make sure everyone can take part, it adds more time and fixes the problem where some Pioneers had inaccurate KYC timers.

Members of the Referral Team and Security Circle should be reminded by Pioneers to fulfil the revised deadlines. For anyone who are interested in specific information, the original notification includes all the necessary details regarding the Grace Period.

By extending this deadline, Pi Network is demonstrating its dedication to including the community and achieving its Open Network objectives. This is a fantastic chance for consumers to protect their Pi funds while also helping the network expand.

Pi Network KYC Deadline:FAQs

Does KYC apply to pi networks?

In an attempt to enhance security and compliance, Pi Network introduced the Know Your Customer (KYC) procedure, which necessitates identification verification from users.

Can I move my Pi coins without undergoing KYC to another account?

Pi that has not been confirmed or moved in the mobile mining app cannot be transferred.

Does selling my Pi not require KYC?

Your Pi Coin must pass through the KYC verification process and enter the mainnet open network phase before you can sell it on any exchange.

Could I get PI without a KYC?

Not at all! KYC wasn’t included in the project until considerably later.

More about Pi Coin