Pi Network Extends KYC Grace Period: What You Need to Know

In a strategic move to provide Pioneers with more time, the Pi Core Team has announced an extension to the first Grace Period deadline for submitting KYC applications. The new deadline now aligns with the second migration deadline: December 31, 2024.

While this adjustment allows for more flexibility, the final Grace Period deadline remains unchanged at December 31, 2024, ensuring the overall timeline for the 6-month Grace Period remains intact. Here’s everything you need to know about this update and what steps you need to take to secure your Pi.

What Does the Extension Mean for Pioneers?

The extended deadline gives Pioneers ample time to complete their Know Your Customer (KYC) applications and avoid forfeiting their Pi holdings. This change is particularly beneficial for those who may have faced delays or challenges during the process.

Key Deadlines to Remember

Final Grace Period Deadline: Remains December 31, 2024.

By unifying the first and second deadlines, the Pi Core Team ensures a streamlined process without altering the final deadline.

Steps to Secure Your Pi

To protect your Pi holdings and complete the transition to Mainnet, you must take the following actions:

1. Submit Your KYC Application: The KYC process verifies your identity, a mandatory step for all Pioneers.

2. Complete Your Mainnet Checklist: Ensure all requirements on the checklist are met to migrate your Pi to Mainnet.

3. Meet the Deadline: All steps must be completed by December 31, 2024 to avoid forfeiting your Pi.

Why Take Action Now?

While the extended deadline provides additional time, procrastination could risk forfeiture. Completing your KYC application early not only secures your Pi but also positions you to fully benefit from the Mainnet transition.

Conclusion: Don’t Wait—Act Now

The Pi Network’s extended Grace Period reflects a commitment to ensuring every Pioneer has the opportunity to secure their Pi. However, the window of opportunity is not infinite. Take advantage of the extended deadline, complete your KYC application, and finalize your Mainnet Checklist before December 31, 2024.Your Pi is waiting—don’t leave it to chance. Take action today.