The extension keeps the 6-month Grace Period intact, giving Pioneers enough time to apply for KYC without delaying the Grace Period’s goals.
The Pi Network has announced an extension for its Know Your Customer (KYC) application deadline, which has been moved from September 30 to November 30, 2024. This change gives Pioneers more time to submit their initial KYC applications as part of the ongoing 6-month Grace Period.
While the KYC deadline has been extended, the final deadline for completing the migration to Mainnet remains December 31, 2024. It’s crucial for users to meet both deadlines, as missing them could lead to losing most of their past Pi balance, except for Pi mined in the last six months.
This extension aims to enhance inclusivity within the network, allowing more members to become eligible for migration. It also addresses issues where some Pioneers faced inaccuracies with their KYC timers, providing additional time to ensure everyone can participate fully.
Pioneers are encouraged to remind their Referral Team and Security Circle members to meet the new deadlines. The original announcement contains comprehensive insights about the Grace Period for those seeking detailed information.
By extending this deadline, Pi Network maintains its commitment to community engagement and the successful launch of its Open Network goals. This is a great opportunity for users to secure their Pi balance and contribute to the network’s growth.