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- With 13 million verified users and 8 million having migrated their coins, the Pi Network network aims for at least 10 million users to complete migration by the deadline.
- In addition to KYC verification, Pi Network requires 100 applications to be ready for the mainnet launch.
As the popular Tap-to-Earn Pi Network is preparing for a mainnet launch in March 2025, the “Pioneers” community is gearing up with strong preparations on the way. On the other hand, a crucial deadline for KYC verification is approaching, which could be the gateway to the next phase for Pi Coin.
Pi Network KYC Deadline on January 31st
With the mainnet launch coming this March 2024, Pi Network’s Know-Your-customer (KYC) deadline is approaching fast as of January 31st, 2025. This will reportedly be the final KYC verification deadline, with almost no likelihood of any further extension.
Previously, Pi Network has extended its KYC deadline twice, wherein 13 million Pioneers have completed verification, but only 8 million pioneers have transferred their coins to the mainnet. With the KYC process completed by the month-end, at least 10 million users would have moved their coins. The official announcement from Pi Network noted:
The Grace Period requires both KYC and Mainnet migration to be completed by January 31, 2025 to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Make sure to stay within the deadline!
KYC verification is a pre-requisite for the Pi Network mainnet launch. Another major requirement is the availability of at least 100 applications at launch. As of now, 80 applications are ready, with the team working diligently to add the remaining 20. The third condition, linked to external factors, has already been fulfilled, signaling steady progress toward the mainnet launch as planned.
As we discussed earlier in January, the Pi Network reached a major milestone by transferring 1 billion coins into a dedicated wallet. This move aims to enhance the experience for its users, known as “Pioneers,” while opening up new opportunities for developers.
Pi Coin Price Action
As the KYC deadline approaches, the Pi coin price is seeing some movement, as the token is currently listed only on the HTX exchange. As of press time, it is trading flat at $43.69 with a market cap of $2.97 billion. Over the past week, the Pi Coin has been showing volatile movement in the range between $42-$47.
Technical analysis shows a “double bottom” pattern on the price chart, often considered a bullish signal for potential growth. If the mainnet launch proceeds as planned, Pi Coin’s price could surge by up to 110%, reaching $91.50. However, any delays could push the price back to its September low of $30.
