Pi Network, the ambitious cryptocurrency project promising to revolutionize digital mining via smartphones, has once again extended its migration deadline, sparking frustration and skepticism among its user base. The latest extension moves the deadline to January 31, 2025, further delaying the launch of the much-anticipated open mainnet.
Another Delay Instead of More Clarity
Since its inception over five years ago, Pi Network has attracted millions of users, eager to mine its native token using their smartphones. Despite numerous developments, the project has yet to deliver on its promise of a functional mainnet, leaving many users in a state of uncertainty.
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Earlier this year, Pi Network’s team announced that the launch of the open network would follow the completion of Know-Your-Customer (KYC) verifications and migration to the mainnet, a phase known as the Grace Period. Initially set to end in late September, the Grace Period was first extended to November 30, then to New Year’s Eve, and now to January 31, 2025. The team claims this extension is to allow more users to complete their KYC verifications and secure their Pi tokens.
Community Reaction
The repeated delays have sparked a wave of frustration among Pi Network’s community. Many users have taken to social media to express their discontent, with some joking that the project should extend the Grace Period for several more years. “Extend it until 2028 instead of month by month. Nobody believes this will actually launch anytime soon. Maybe when the bull run is over,” quipped one user on X.
Despite the skepticism, Pi Network maintains that significant progress has been made. According to their latest update, 18 million users have completed KYC verifications, and 8 million have migrated to the mainnet. The developers remain optimistic, suggesting that the open network could launch as early as Q1 2025.
The Road Ahead
While the frequent deadline extensions have undoubtedly tested the patience of Pi Network’s users, the project continues to forge ahead with its plans. The developers insist that the additional time is necessary to ensure a smooth and secure transition to the open network.
As the new deadline approaches, the Pi Network community will be watching closely for any signs of tangible progress. Whether the project can finally deliver on its promises remains to be seen, but one thing is clear: the clock is ticking, and the pressure is on.
Stay tuned for further updates on Pi Network and its journey towards launching the open mainnet. Will this latest extension be the last, or will users be left waiting once again? Only time will tell.
