TL;DR
- Pi Community has prolonged its Grace Interval to January 31, 2025, attaining over 9 million mainnet migrations and 14 million KYC verifications.
- Regardless of delays, the mission’s app has surpassed 100 million downloads, gaining vital traction in Asian nations like South Korea.
‘We’re Making Glorious Progress’
Regardless of the numerous developments since its delivery in 2019, the controversial cryptocurrency mission Pi Community has but to introduce its open mainnet and native token. A number of months in the past, the workforce stated its first main milestone included the launch of Open Community.
The builders claimed this might turn out to be doable as soon as 15 million customers move essential Know-Your-Buyer (KYC) verifications and migrate to the mainnet (referred to as the Grace Interval). Initially, individuals had till the top of September to abide by the principles, however the deadline was moved a number of occasions. Most not too long ago, Pi Community prolonged the Grace Interval to January 31, 2025, getting ready to launch Open Community within the 12 months’s first quarter.
In August 2024, the mission’s builders maintained that over 13 million individuals had accomplished authentications, whereas 6 million had efficiently migrated. Final month, the workforce stated KYC verifications had reached 14 million.
Most not too long ago, Pi Community revealed that greater than 9 million individuals have efficiently migrated to the mainnet, saying they’re “making wonderful progress in direction of Open Community.”
“Should you’re nonetheless ready on both Mainnet migration or KYC, bear in mind to test your Mainnet Guidelines and KYC app to see if additional actions are essential,” the workforce added.
Whereas some group members applauded the most recent improvement, others stated they’ve been struggling to move verifications and migrate to the mission’s blockchain. A number of months in the past, Pi Community provided steering to these experiencing such points, advising them to affix a devoted Telegram chat “the place there will probably be mods to reply your questions.”
Pi Community Turns into Extra Well-liked
Regardless of the uncertainty, the frustration from the group as a result of fixed delays, and the dearth of clear details about when the native token will see the sunshine of day, the mission retains rising its reputation worldwide.
Not way back, Pi Community’s utility exceeded the key milestone of 100 million downloads. The mission (which claims to permit individuals to mine cryptocurrencies from their smartphones) has turn out to be significantly fashionable in Asian nations, with South Korea, China, Vietnam, India, Singapore, and Japan being among the strongholds.
In line with Wu Blockchain, the variety of native Pi Community customers in South Korea not too long ago surpassed 1.3 million, which exceeds the home shopper base of well-known crypto exchanges like Binance and Coinbase. Really, the one two home cryptocurrency-related entities with extra clients are Upbit (4.36 million) and Bithumb (2.24 million).
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