Once more, the Pi Network mainnet launch has been delayed after the Core Team pushed the KYC last date of the Pi Network and the migration deadline to February 28, 2025. Although it is claimed that the extended deadline is meant to be fair and just, the crypto community is mixed in opinion.
Some think the Pi Network is laying foundations for an amazing decentralized ecosystem, and others suspect that it is one more crypto scam throwing on user locks with endless delays.
The Pi Network mainnet launch date has been postponed for years. Millions of users (Pioneers) have successfully mined Pi Coin and are now waiting to see it become a fully tradable cryptocurrency. However, in the meantime, the project has remained a closed ecosystem, thus preventing users from being able to sell, buy, or trade their Pi tokens on the open market.
Although the extension of the grace period speaks about the timeline for KYC verification and Mainnet migration, it does not necessarily mean that it dictates the official timeline for the Pi Network mainnet launch. This means that the Pi Coin open trading may take place either before or after this 2025 deadline, making investors question this.
While the Pi Network maxis claim this to be part of a structured roll-out plan, skeptics call this yet another act of stalling in order to prevent price discovery and postpone potential liquidity.
For those who have spent years accumulating Pi tokens, this mainnet delay is both an opportunity and a frustration.
Pros:
More time to complete KYC verification and migrate assets to Mainnet
Ensures no Pi holders lose their holdings due to missed KYC deadlines
Cons:
No liquidity, no real market presence
No clear Pi Network mainnet launch price
Growing skepticism about whether Pi is legit or just a never-ending beta test
The Pi Network KYC deadline extension means users must wait longer for a fully open ecosystem. Until then, Pi Coin’s value remains speculative, and the question of whether it’s a legit crypto project or just an experiment lingers.
Even if Pi Network creates a broad user community, the absence of any tradeable Pi Coin bolsters skepticism. Unlike other cryptocurrencies like Bitcoin and Ethereum, Pi Network develops in a closed stage, where one cannot extract any real-time value.
If the Pi Network mainnet launch occurs in March 2025, then that will most likely guide mass adoption, thereby contributing to a market presence for the coin. But another delay in launching the network could damage trust and slow momentum.
The Pi Network community is on tenterhooks for official announcements on the launch date of the much-anticipated mainnet and any possible extensions to KYC. Moreover, it will clear many questions such as open trading on Pi Network and its implementation after the mainnet.
Stay tuned to Pi Network's official channels for updates or recent developments.
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