TL;DR

• Pi Network extended its KYC and mainnet migration deadlines to November 30 and December 31, 2024, frustrating some users who suspect further delays in launching the mainnet.
• Despite community skepticism, the Pi Core Team announced that the mainnet open roadmap, enabling the official trading of Pi tokens, will be revealed in December 2024.

Most Important Recent Updates

Pi Network has been around for years, but it remains one of the most controversial projects in the cryptocurrency industry. While it aims to allow users to mine and earn digital assets directly from their smartphones, the uncertainty of when a native token and mainnet will be introduced keeps raising eyebrows across the community. 

Over the past month, the team behind Pi Network announced several updates and upcoming initiatives that could be interesting for users.

The working group argued that over 13 million people have already passed Know-Your-Customer (KYC) procedures, whereas more than six million have migrated to the mainnet. It also set September 30, 2024, as a deadline for users to complete their KYC verification and transition to the mainnet. 

“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,” the disclosure reads.

In addition, PiBridge (a decentralized financial platform that acts as a bridge between the Pi Network and other blockchains)