Pi Extended it KYC Application Deadline

The deadline for the first phase of the Grace Period, which requires Pioneers to submit their KYC applications, has been extended from September 30 to November 30, 2024. However, the second and final deadline for migrating to Mainnet remains December 31, 2024. This extension gives Pioneers more time to submit their KYC applications within the overall 6-month Grace Period, while keeping momentum toward achieving Pi Network’s Open Network goals.

Key Points:
– New First Deadline: The deadline for submitting KYC applications is now November 30, 2024. This extension only affects the first deadline.
– Final Deadline Unchanged: The deadline for completing the Mainnet Checklist and migration is still December 31, 2024.

Important: Missing either deadline will result in the loss of most of your Pi balance, except for Pi mined within the last 6 months before your migration. Remind your Referral Team and Security Circle to meet their deadlines. For more details, refer to the original announcement.

Reasons for the Extension:
– More Time: The extension gives more Pioneers the chance to submit their KYC applications and fully migrate their Pi to Mainnet before the Open Network phase.
– Still Within 6-Month Grace Period: This extension remains within the 6-month period, ensuring adequate time for Pioneers without affecting the goals of the Grace Period.
– Timer Inaccuracies: Some Pioneers experienced issues with their KYC timer. The extension serves as a general fix, giving more time overall without dedicating extra resources to fix each individual timer issue.

All Pioneers who haven’t yet submitted their KYC applications are encouraged to take advantage of the extension to avoid losing the majority of their mined Pi. Pi Network’s transition to Open Network in 2024 depends on the community’s progress and external factors. For more details, refer to the full announcement.