Yes, the Pi Network's mainnet migration is confirmed for December 31, 2024. The migration will move Pi tokens from the testnet to a fully functional blockchain network.

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The Pi Network has taken several steps to prepare for the mainnet launch, including:

Pi Node v0.5.0

This update moved Pi Nodes from the original Testnet to Testnet 2, which is a more compatible environment. This will allow node operators to test the transition between the test and main blockchain environments.

Grace Period

The deadline to submit KYC applications has been extended to November 30, 2024. The final deadline to complete Mainnet migration remains unchanged on December 31, 2024.

Pi2Day Progress to Open Network Challenge

This challenge allows users to explore the Pi ecosystem, unlock prizes, and help progress towards Open Network.

The price of Pi coin is expected to increase after the mainnet launch as more users participate.