Pi network, the mobile crypto mining app, continues to face delays and uncertainty, leaving its millions of users wondering about the future of their mined PI tokens.
Despite boasting over 50 million downloads, Pi Network has yet to launch its mainnet or list its PI token on exchanges. The latest setback is another extension of the KYC verification deadline, now pushed to December 31st. This "Grace Period" is crucial for users to validate their identities and supposedly a prerequisite for the mainnet launch.
However, repeated extensions of this deadline have fueled skepticism and frustration within the Pi community. Concerns about the project's legitimacy are growing, with many questioning if the mainnet and token launch will ever happen.
Adding to the uncertainty are unconfirmed rumors of Pi Network raising billions in funding. The team has not officially addressed these claims, further contributing to the lack of transparency surrounding the project.
While the Pi Network team remains focused on recruiting influencers for its upcoming Open Network launch, the key question remains: will December 31st finally be the real deadline, or just another extension in a string of postponements?