Pi Network Extends KYC Deadline to DEC 31

Pi Network Extends First Grace Period Deadline to December 31, 2024

Good news for Pioneers as Pi Network has announced an extension of the first Grace Period deadline, moving it from November 30, 2024, to December 31, 2024. This update aligns the first deadline with the second, offering additional flexibility without altering the intended six-month timeframe for the Grace Period.

This extension ensures that more Pioneers have the opportunity to complete their Know Your Customer (KYC) verification and secure their Pi, while still adhering to Pi Network’s timeline for the transition to the Open Network phase.

Key Updates to Remember

• KYC Submission Deadline: Now due on December 31, 2024.
• Mainnet Migration Checklist Completion: Still due on December 31, 2024.
• Missed Deadlines Consequences: Failure to meet either deadline will result in the forfeiture of most of your previously mined Mobile Balance, except for Pi earned within the last six months.

Why You Should Act Quickly

Even though the deadlines are the same, Pioneers are strongly encouraged to submit their KYC applications as soon as possible. Waiting until the last moment could jeopardize your ability to meet the Mainnet migration requirements in time.

Additionally, this extension ensures Pioneers won’t lose their Mobile Balance for submitting KYC during December. However, to keep the momentum, remind your Referral Team and Security Circle members to meet their deadlines promptly.

Reasons Behind the Extension

The decision to extend the first Grace Period deadline stems from three main goals:

1. Inclusivity: Ensuring that as many Pioneers as possible successfully migrate to the Mainnet before the Open Network phase. This aligns with Pi Network’s principles of collaboration and inclusivity.
2. Maintaining the Six-Month Grace Period: The extension stays within the six-month timeframe, providing adequate time for everyone without delaying the overall progress.
3. Supporting Special Cases: Offering extra time to Pioneers with unique challenges in completing their KYC, reducing the need for frequent timer adjustments.

Stay on Track

If you haven’t yet completed your KYC, use this extended timeline to act now. The Pi app will continue to provide countdown reminders and helpful guidance to keep you informed and ensure you don’t risk forfeiting your mined Pi.

As Pi Network progresses toward its Open Network phase, anticipated for 2024, the collective efforts of the community remain crucial. For a detailed understanding of the requirements and conditions for this transition, refer to the official announcement.

Take advantage of this opportunity—submit your KYC application, complete your checklist, and secure your place in Pi Network’s exciting future!