Pi Network has announced that the KYC and Mainnet migration deadline has been extended to February 28, 2025, providing users additional time to complete their verifications.
Despite these delays, Pi Network has achieved a significant milestone by successfully verifying 10 million users through its KYC process, strengthening the platform's credibility.
The community remains active, with recent gatherings in countries like India, Nigeria, and China, reflecting the project's global appeal.
However, some analysts caution that the Pi coin's price may face challenges post-mainnet launch due to potential "revenge selling" by long-term holders and the historical performance of similar "tap-to-earn" tokens.
The Pi Network team continues to focus on enhancing the platform's infrastructure, as evidenced by the recent v19 protocol upgrade, which aims to improve security and scalability in preparation for the anticipated mainnet launch.
As the community awaits the open mainnet, the Pi Network remains in its Enclosed Mainnet phase, with the open network launch expected in the first quarter of 2025.
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