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Cryptocurrency News Articles
Pi Network KYC & Mainnet Migration Deadline Extended
Mar 05, 2025 at 12:12 pm
Initially, the deadline for completing the KYC process and migrating tokens to the mainnet was set for February 28, 2025. However, the Pi Network team has extended it to March 14, 2025.
The cryptocurrency project that has been the subject of both anticipation and skepticism since its inception, Pi Network, finally launched its Open Network on February 20, 2025, rendering the PI token widely accessible and leading several cryptocurrency exchanges to list it.
While this marks a significant milestone in Pi Network's journey, the tale isn't over yet. Many users are still awaiting two critical procedures: completing the KYC process and migrating their tokens to the mainnet. Initially scheduled for February 28, 2025, this deadline has now been extended to March 14, 2025.
The Pi Network team took to the official website to announce this extension, aiming to provide more time for users to complete their verification and claim their tokens.
"We are extending the deadline for users to complete KYC and migrate their tokens to the mainnet to March 14, 2025. For those who haven't yet completed the process, we urge you to do so now to ensure that you can claim your Pi tokens. We understand that some users may be having difficulty completing KYC or migrating their tokens, and we are working hard to provide assistance. If you are having any problems, please contact our support team."
The team also stated several reasons for this decision:
* The Pi Network team is still working hard to complete the mainnet launch.
* Some users are having difficulty completing the KYC process or migrating their tokens.
* The Pi Network team wants to ensure that all users have had ample time to complete the process.
The extension provides another opportunity for those who haven't yet completed their KYC and migration to claim their Pi coins.
Several users have encountered challenges with the KYC process. The Pi Network team has shared solutions for common problems:
* **Name Mismatch Problems:** If there are discrepancies between the names used during registration and the identity document presented, users are advised to contact support with both documents.
* **Appeals and Rejections:** For users whose KYC applications have been rejected or who haven't received a response after seven days, they can appeal the decision or report the issue if no response is forthcoming within seven days.
* **Phone Number Errors:** If users input the wrong phone number, they are advised to contact support to update the details.
The deadline extension has sparked mixed reactions among Pi Network cryptocurrency users. Some view it positively, hoping it will give more time to complete the process.
However, others are becoming impatient and frustrated with the perceived delays.
Regardless of opinions, one thing is clear: Users must complete their KYC verification and migration before March 14, 2025, to claim their PI tokens.
If you haven't yet completed the process, here's what you need to do:
1. Download the Pi Network app and create an account.
2. Go to the "Mainnet Migration" section of the app.
3. Follow the instructions to complete the KYC process.
4. Once your KYC application has been approved, you will be able to migrate your tokens to the mainnet.
Pi Network's journey has been filled with ambitious goals and, unfortunately, also some controversial setbacks. The extension to March 14, 2025, provides one final chance for Pioneers to complete their verification and migration. Whether this is a positive step forward or another delay remains a subject of debate within the community. For those invested in Pi Network cryptocurrency, this is the time to act and secure their digital assets before the new deadline expires.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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