Pi Network Extends KYC Deadline Until November 30

Pi Network extends the submission period for KYC. (Photo; Doc. Pi Network)

JAKARTA The controversial Pi Network crypto project continues to strive to expand its digital currency inclusivity with a direct coin mining model from mobile phones without large energy consumption as other crypto mining mechanisms. However, the journey of this project still reaps skepticism. This is not without reason, as is known that the main network (mainnet) and Pi tokens have not been officially launched even though it has been running for more than five years.

Pi Network mengumumkan peluncuran Open Network akan dilakukan setelah 15 juta pengguna berhasil menyelesaikan prosedur Know-Your-Customer (KYC). Hingga kini, sebanyak 14 juta pengguna telah lolos verifikasi, dan hanya tersisa 1 juta lagi untuk mencapai target. Awalnya, deadline penyelesaian KYC ditetap akhir September 2024, tetapi kemudian dipanjang hingga 30 November 2024 dalam masa yang disebut "Grace Period."

As a result, users flocked to submit requests for the KYC process. The increasing submission of KYC forced the development team to recruit pioneers to join as validators. Validators who contribute accurately will be rewarded in the form of Pi tokens.

In addition, Pi Network released a technology update via Pi Node Version 0.5.0. This version prepares the system for a transition to the Mainnet blockchain by testing the move from Testnet to Mainnet. The old testnet will remain active for a while, especially for developers of the Pi application and the early user community (Pioneer).

Although developers are optimistic about this progress, community skepticism remains strong. Some have questioned Pi Network's commitment to launch the main network. Sharp criticism says that this project could fail to fulfill its promises. However, the target of KYC users of Pi Network as many as 15 million pioneers has the potential to be achieved to then continue the Mainnet launch phase.