- Pi Network, a widely-discussed crypto project, is nearing its December 31, 2024, deadline to complete 15 million KYC verifications, with over 14 million already verified.
- While the community eagerly awaits the promised Open Network roadmap, skepticism remains high due to past delays and extensions.
Pi Network, a project that has stirred both excitement and skepticism in the cryptocurrency community, continues to capture headlines as it inches closer to a critical deadline. With a user base surpassing 100 million app downloads and over 14 million individuals completing the mandatory Know Your Customer (KYC) process, the question on everyone’s mind is: Will the Open Network launch by the end of 2024?
A Unique Mining Model
Launched over five years ago, Pi Network gained traction for its innovative approach to cryptocurrency mining. Unlike traditional mining, which demands significant energy consumption and specialized hardware, Pi allows users to mine directly from their smartphones. This eco-friendly model attracted a vast global community, though the project has faced scrutiny due to the delayed launch of its native token and open mainnet.
Milestones and Deadlines
The Pi Core Team recently announced that the Open Network launch is contingent on completing 15 million KYC verifications. With 14 million verifications already completed, the remaining 1 million users have until December 31, 2024, to meet the target.
This extended deadline, announced at the end of November, follows several prior delays that have frustrated parts of the Pi community. While some view the extension as an opportunity for more users to join, others see it as yet another roadblock in a series of unfulfilled promises.
Community Reactions and Expectations
As December progresses, the Pi Network community remains divided. Optimists anticipate a definitive roadmap announcement for the Open Network launch, potentially unlocking the ability to trade Pi tokens on the open market. Skeptics, however, are bracing for further delays, citing past extensions as evidence of an uncertain future.
Despite the controversy, the project remains one of the most discussed in the crypto space. The Core Team’s commitment to providing updates has kept the conversation alive, but whether the remaining weeks of 2024 will bring a breakthrough or yet another postponement remains to be seen.
What Lies Ahead?
For Pi Network, the clock is ticking. The December 31 deadline represents more than just a milestone—it’s a litmus test for the project’s credibility and the patience of its community. Will the Pi Core Team deliver on its promise, or will skepticism continue to grow? Only time will tell, but one thing is certain: Pi Network has succeeded in keeping the crypto world on its toes.
