All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- The Pi Network team has crossed the 18 million KYC-ed member milestone but urges more onboarding.
- The Open Network launch is slated for early 2025, with the right features being deployed in preparation.
The Pi Network team is shifting focus toward pioneers’ transition to mainnet as they prepare for a possible Open Network launch in Q1 2025. In particular, the team urged users to complete Know Your Customer (KYC) verification before launch, a key requirement for full participation in the Pi ecosystem.
KYC’s Importance to Mainnet Migration
In an X post, the Pi Core team emphasized that KYC is critical in ensuring Pi Network’s transition to the Open Network. Pioneers who have completed the KYC verification can seamlessly use their Pi tokens once the Open Network goes live.
Why do we need to reduce the gap between the number of KYC’d and Mainnet migrated Pioneers? Because we want to include as many of them as possible in the Open Network! pic.twitter.com/KFRedhfISa
— Pi Network (@PiCoreTeam) December 27, 2024
The team aims to reduce the gap between KYC-approved users and those who have moved to the Mainnet. They envision including as many KYC-registered pioneers as possible in the Open Network.
“More Pi migrated to Mainnet before Open Network means more engagement and stability in the ecosystem,” the team wrote.
Importantly, the KYC process is vital for pioneers actively referring new users and forming Security Circles. Pioneers who have helped the network flourish will immediately profit when more users finish KYC and move to the Mainnet.
Those who refer pioneers to migrate will receive extra Pi as a reward, based on the bonus Pi received from their referrals. Pi Network urges all pioneers to complete the KYC process before the anticipated Open Network launch in early 2025.
This will guarantee they are prepared to engage in the ecosystem and support its expansion actively. It will also ensure they take advantage of the opportunities from the Open Network.
According to a CNF report, the core idea behind Pi Network is its mining mechanism, which is driven by a mobile app. The app lets users mine the PI coins by tapping a daily button. The platform is easy to use and requires no mining or software subscription that costs thousands of dollars.
The PI coin is not currently directly tradeable on exchanges. The network is in its third phase, with a full mainnet expected by early 2025.
Pi Networks Efforts Towards Early Mainnet Launch
As CNF disclosed, the team is trying to ensure it meets all conditions to enable an early mainnet launch. So far, the network has surpassed the 15 million KYC-registered user target. Now, it boasts over 18 million users who have completed KYC checks.
Also, the core team has improved the KYC process by including updates that addressed resubmissions, tentative cases, application ability, and bug fixes.
Additionally, plans for a new feature will enable Pioneers to have second and future migrations of their transferable balance. Thanks to this new feature, pioneers already on the mainnet can move more of their balances and Pi to the mainnet.
Pi Network developers have also released crucial releases in preparation for the mainnet launch. These individuals have deployed over 80 mainnet-ready apps and released the interface that makes mainnet Pi apps accessible through the dedicated browser.
