Pi Network DeFi

Date: Fri, Nov 29, 2024, 05:44 AM GMTPi Network, the popular PI coins mining platform, has announced an extension for its Know Your Customer (KYC) grace period deadline. In a post <a href="https://x.com/PiCoreTeam/status/1862291051572339097" rel="noopener noreferrer nofollow">shared today</a> on X (formerly Twitter), the team revealed that the new deadline for submitting KYC applications is now December 31, 2024, offering Pioneers additional time to complete their identity verification. This adjustment aligns with the final deadline for Mainnet migration.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c2f709ec89bf49cebfa43681ea44f1ba.jpeg" />Source: &#64;PiCoreTeam<h3 id="what-s-changed">What’s Changed?</h3>1.Extended KYC Deadline<ul><li>Previous Deadline: November 30, 2024</li><li>New Deadline: December 31, 2024</li></ul>The extension allows Pioneers more flexibility to finalize their KYC applications, ensuring a smoother transition into the open mainnet phase.2.Mainnet Migration Deadline UnchangedThe Mainnet migration checklist deadline remains fixed at December 31, 2024. Completing this checklist is mandatory to fully secure your mined Pi.<h3 id="why-is-the-kyc-process-important">Why Is the KYC Process Important?</h3>KYC is a foundational step for the Pi Network’s integrity and success. Its benefits include:<ul><li>Fraud Prevention: Verifying users as real individuals helps eliminate bots and fake accounts.</li><li>Regulatory Compliance: Ensures the platform meets legal standards for its upcoming open mainnet.</li><li>Enhanced Security: Safeguards users’ Pi balances and the network’s reliability.</li></ul><h3 id="what-you-need-to-do">What You Need to Do</h3>Pioneers must complete two critical steps by the new deadline:<ol><li>Submit Your KYC Application: This verifies your identity and protects your accumulated Pi.</li><li>Finish the Mainnet Migration Checklist: Ensure your account is prepared for the network’s transition to open status.</li></ol>Failure to meet these deadlines means you will only retain Pi mined within the last six months before your first migration. The rolling six-month rule ensures latecomers don’t lose recent earnings but emphasizes the importance of acting promptly.<h3 id="secure-your-pi-today">Secure Your Pi Today</h3>This extension underscores Pi Network’s dedication to inclusivity and giving its users every opportunity to participate fully. By taking action now, you secure your Pi and position yourself as a key contributor to the platform’s open mainnet launch.For further assistance, explore official Pi Network updates or join community discussions on Telegram and other social platforms. Regular updates and support are readily available to ensure all Pioneers are informed and prepared.Disclaimer: This article is for informational purposes only and is not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/top-ai-tokens-fet-and-render-gains-momentum-following-key-breakouts-is-more-rally-ahead/" rel="noopener noreferrer nofollow">Top AI Tokens FET and RENDER Gains Momentum Following Key Breakouts: Is More Rally Ahead?</a>

Pi Network Grace Period Deadline Extended: Submit Your KYC Application by This Key Date to Secure Your PI

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