Pi Network has officially set the final deadline for users to complete their KYC verification and transition to the mainnet. The cutoff date is March 14, 2025, at 08:00 AM UTC. This extension aims to strengthen the network’s integrity and ensure users do not lose access to their Pi balance. Those who fail to complete the verification process risk losing a significant portion of their mobile balance.
The Importance of KYC Verification
To maintain its decentralized structure, Pi Network requires all users to undergo KYC verification. This process prevents fake accounts and ensures only genuine participants can transition to the mainnet. Completing this step is essential for the long-term sustainability of the network.
Users can verify their identity through the Pi Network app, enabling them to access their Pi balance on the mainnet. Those who do not complete the verification before the deadline may see their Pi holdings reduced significantly. Therefore, it is strongly advised that all Pi miners finalize their KYC process as soon as possible.
Pi Network officials emphasized that this extension was implemented to protect early supporters and ensure full participation in the ecosystem. They highlighted that identity verification is a crucial step in building a secure and scalable platform.
Potential Impact on Pi Network and the Crypto Market
This development is expected to have a positive impact on the future value of Pi Network. Analysts believe that completing the transition to the mainnet will integrate Pi into a broader crypto ecosystem. A growing user base and enhanced decentralization could contribute to Pi’s market valuation.
By ensuring that only verified users hold Pi tokens, the network aims to establish a stronger infrastructure. This move aligns with the broader goal of mass adoption in the crypto space. The Pi community remains highly engaged, closely monitoring the network’s evolution following this milestone.
To avoid losing access to their Pi holdings, users must complete their KYC verification before March 14, 2025. Those who fail to do so may see their mobile balances erased from the system. Users are encouraged to log into the Pi Network app and complete the required steps before the deadline.
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