Pi Network is gearing up for its Open Mainnet launch and in that regard, it has offered a 6 month “grace period” and a rolling 6-month window for its estimated 60 million users. This exciting initiative began on July 1, 2024, and aims to accelerate the network’s transition to Open Mainnet. 
This <a href="https://minepi.com/blog/pi2day2024/?utm_source=hootsuite&amp;utm_medium=social&amp;utm_campaign=Pi2Day" target="_blank" rel="noreferrer noopener nofollow">grace period</a> has been announced by Pi Network to ensure that all pioneers (the network’s early adopters) can smoothly complete their KYC (Know Your Customer) and Mainnet Migration processes. As of June 2024, <a href="https://www.cryptotimes.io/2024/06/29/pi-network-advances-toward-open-mainnet-with-12m-kyc-verified-users/" target="_blank" rel="noreferrer noopener">Pi Network has surpassed 12 million users</a> who have completed KYC verification, with 5.79 million already transitioned to the Mainnet platform. The ecosystem now facilitates 70 operational applications on Mainnet or in advanced stages of readiness.&nbsp; 
Upcoming initiatives are essential for Pi Network’s open mainnet. Here’s why it matters:&nbsp; 
<ul> 
 <li>Faster Progress: With a significant portion of the network already KYC-verified and migrated, this grace period incentivizes others to complete the process, boosting Pi’s readiness for a smooth launch.</li> 
 <li>Flexibility for Pioneers: The system is designed to account for potential delays, offering additional time for those facing unforeseen issues.</li> 
 <li>Maximizing Rewards: Completing KYC and migration unlocks the full potential of Pi’s referral and security circle bonuses, allowing Pioneers to reap the benefits of their network-building efforts.</li> 
</ul> 
In conclusion, Pi Network’s introduction of the KYC grace period and rolling window system exemplifies strategic foresight aimed at enhancing user accessibility and network robustness. As the community rallies behind these initiatives, Pi Network remains steadfast in its commitment to pioneering the future of decentralized networks. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/31/hidden-road-halts-bybit-access-over-kyc-and-aml-concerns/" target="_blank" rel="noreferrer noopener">Hidden Road Halts ByBit Access Over KYC and AML Concerns</a> 
</blockquote>

Pi Network Offers KYC 6-month Grace Period from July 1

The Crypto Times

在 2024年7月2日發表的其他文章

Polkadot Spends $87 Million in First Half of 2024, Raising Concerns About Runway

After Rollblock’s Price Surged Earlier This Week, Investors Are Preparing For Further Gains; Coul...

Rally Expectation in Ethereum from Gemini!

Crypto Analyst Predicts Explosive Growth for Bitgert Coin: What Investors Need to Know

Judge Dismisses SEC Claim on $BNB Token

U.S. Government Transfers $240 Million in Seized Bitcoin to Coinbase

訂閱免費電子報，每天收取加密貨幣最新動態！