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Pi Network Coin has announced an extension of the KYC (Know Your Customer) process and the transition to the mainnet until February 28, 2025. This decision comes just a day before the anticipated mainnet launch. Despite the uncertainty, the price of Pi Coin increased by 10% in the last 24 hours.
New KYC Deadline: February 28, 2025
The Pi Network team stated in their announcement that the deadline for identity verification and transition to the mainnet was extended to provide greater access for users. The company emphasized that this additional time allows all users to migrate to the mainnet without losing their Pi Coins.
This extension is seen as a precautionary measure to prevent user losses. However, Pi Network officials clarified that this new deadline will not affect the public launch of the mainnet, which is still planned for the first quarter of 2025.
Pi Coin Price Rises
Investors reacted positively to the unexpected extension, as the price of Pi Coin climbed nearly 10% and approached $50. Its market valuation has reached $3.38 billion.
As the mainnet launch approaches, Pi Coin’s price movements are attracting increased attention. Should the mainnet launch occur in the first quarter of 2025, experts predict the price could rise to $100. However, a potential delay could see the price drop to as low as $28.
Investors should closely monitor developments, especially knowing that those who do not complete the KYC process will lose their coins. The upcoming mainnet launch period is expected to see significant price volatility.
