Terming it because the “final grace interval”, Pi Community builders introduced an extra extension of KYC and Mainnet migration course of deadline to March 14, in a modern growth on Saturday morning. The sooner deadline for KYC and mainnet migration was February 28.
In line with an official announcement made on X by Pi Community group, “the KYC and Mainnet migration deadlines for the Grace Interval have been prolonged one final time to eight:00am UTC on March 14, 2025, permitting further time and alternative after Open Community for actual Pioneers to confirm their balances and migrate to the Mainnet.”
In a separate blogpost, builders of Pi Community defined why they’ve termed the newest extension because the “final grace interval” earlier than mainnet migration.
“Nonetheless, given the 6 month Grace Interval—together with its a number of extensions that ought to have given Pioneers loads of alternatives to confirm and obtain their Pi on the Mainnet—the top of the Grace Interval is inevitable to verify the community can transfer on in its new part with out massive sums of unverified and unclaimed cellular balances,” learn an announcement from Pi Network Team.
What’s KYC in Pi Community?
KYC (Know Your Buyer) verification is crucial for sustaining the integrity of the Pi Community. It helps guarantee authenticity by stopping pretend or duplicate accounts, and ensuring that solely actual people maintain and transact Pi.
It additionally helps Pi Community adjust to laws and strengthens safety, making the ecosystem extra reliable. Finishing KYC permits customers to totally entry and switch their Pi on the Mainnet, which officially launched on February 20, 2025.
The Pi community builders additionally warned that failure to finish KYC or mainnet migration inside the newest grace interval would lead to clients risking forfeiture of their cellular balances, apart from Pi mined within the rolling 6 months earlier than migration.
