Pi Network extended its KYC verification deadline to November 30, 2024, with over 13 million users already verified.
A recent update, Pi Node Version 0.5.0, prepares the network for its mainnet transition, but a full migration by the end of 2024 seems unlikely.
Pi Network was introduced in 2019 to enable people to mine cryptocurrencies on their smartphones. Despite being around for quite a while, the project remains quite controversial due to the lack of information about when the native token and open mainnet will go live.
The team unveiled numerous developments in the past several months, hinting that such a milestone might be approaching. In August this year, the developers claimed that over 13 million people had already passed Know-Your-Customer (KYC) procedures. Initially, they advised users to complete verifications by the end of September, later extending the deadline to November 30.
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