Pi Network migration speed accelerate ahead of mainnet launch

As of January 2024, Pi Network has intensified its Mainnet migration efforts, aiming to transition over 10 million users before the Open Network launch scheduled for the first quarter of 2025.

Current Migration Progress

By January 2024, more than 9 million Pioneers have successfully migrated to the Mainnet. The Pi Network team is targeting an additional 2 million migrations by early 2025 to meet their goal.

Enhanced Migration Speed

The system now processes approximately 200,000 migrations daily, significantly reducing the time required for users to complete the migration process. This acceleration is part of Pi Network's strategy to ensure a stable and inclusive ecosystem as it prepares for the Open Network launch.

Extended KYC Grace Period

To facilitate a smoother transition, Pi Network has extended the Grace Period deadline for KYC (Know Your Customer) verification and Mainnet migration to February 28, 2025. This extension provides users with additional time to complete necessary verifications and secure their Pi balances on the Mainnet.

Importance of Completing Migration

For users, it's crucial to complete the Mainnet Checklist and KYC requirements promptly to take advantage of the enhanced migration speed and ensure their Pi balances are secured on the Mainnet. Delaying this process may result in complications or potential loss of Pi coins.

Frequently Asked Questions

1. What is the Mainnet migration process?

The Mainnet migration involves transferring your Pi balance from the Testnet to the fully operational Mainnet. This process requires completing KYC verification and the Mainnet Checklist.

2. Why is KYC verification necessary?

KYC verification ensures that all users are genuine, preventing fraudulent activities and maintaining the integrity of the network. It's a mandatory step before migrating to the Mainnet.

3. What happens if I don't complete the migration by the deadline?

Failing to migrate by the deadline may result in the inability to access your Pi coins on the Mainnet. It's essential to complete all requirements promptly to secure your assets.

4. How can I check my migration status?

You can check your migration status and complete necessary steps through the Pi Network app. Ensure your app is updated to access the latest features and information.

5. Will there be future extensions to the migration deadline?

As of now, the Grace Period deadline has been extended to February 28, 2025. There is no official information regarding further extensions. It's advisable to complete the migration process as soon as possible.

6. Where can I find official updates about the migration process?

Official updates and announcements are available through the Pi Network app and the official Pi Network website. Regularly checking these sources will keep you informed about any changes or important information.