As part of our ongoing commitment to ensuring inclusivity and fairness across the Pi Network, we’re extending the Grace Period deadline from January 31, 2025 to February 28, 2025. This change provides additional time for Pioneers to complete KYC verification and Mainnet migration, helping more members secure their Pi and contribute to the growing ecosystem.
Note that the Grace Period is independent of Open Network timing. It is possible for Open Network to launch before or after the Grace Period ends, and the Grace Period rules will remain the same regardless.
Due to the high sensitivity and severe consequences of the Grace Period deadlines, we want to be as allowing as possible for more Pioneers to have the opportunity to secure their Pi by extending the Grace Period deadlines to February 28, 2025.
This decision reflects our dedication to making Pi Network accessible and equitable for everyone—aligning with and pushing forward our broader mission to prepare for Open Network in Q1 2025.
What Does This Extension Mean?
- Submit your KYC application and complete your Mainnet Checklist to migrate to Mainnet by February 28, 2025.
- The Grace Period rules remain unchanged. If you fail to complete KYC or Mainnet migration within the Grace Period, you risk forfeiting most of your Mobile Balance (except for Pi mined in the rolling 6 months before migration).
Why Extend the Grace Period?
This additional month is designed to support Pioneers who may still need more time to complete their KYC or migration steps. It also reflects our commitment to inclusivity and accessibility across the global Pi community. This extension—like with previous extensions—helps in the following ways:
- Inclusivity and fairness: Ensures that as many Pioneers as possible can complete their KYC and Mainnet migration, minimizing forfeiture of Pi due to missed deadlines.
- Further remedy for corner cases: This extension serves as another overall remedy for those in specific cases by giving them more time overall to complete KYC and Mainnet migration, without expending too much additional resources and time on refining the timer to solve one case at a time.
- Preparing for Open Network: Allowing more Pioneers to complete KYC and migration strengthens the overall network ahead of Open Network launch. With more verified participants on Mainnet, we ensure a healthier, more secure ecosystem that is more prepared for Open Network.
Addressing Potential Questions
We understand that some Pioneers may have questions about what this extension means for Pi Network as a whole. Let’s clarify:
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- Does this extension affect the Open Network launch?
- No, this extension does not delay or affect Open Network launch plans. The Open Network is still on track for Q1 2025. The Grace Period and Open Network timing are independent.
- What happens if I miss the new Grace Period deadline?
- If you miss the February 28, 2025, deadline, you will only keep the Pi mined in the 6 months immediately before your migration. Any older balance outside this rolling window will be forfeited. Given the multiple extensions provided, we strongly encourage you to act now to secure your full Pi balance.
- How much additional time has been added to the Grace Period?
- A total of 2 additional months have been added to the Grace Period, which was initially scheduled to conclude on December 31, 2024. According to the Whitepaper, the Grace Period was meant to be a 6-month period in which Pioneers could complete KYC and Mainnet migration, but this has now been extended an additional 2 months.
- Does this extension affect the Open Network launch?
What Should You Do Now?
We strongly urge all Pioneers to complete their KYC application and Mainnet migration steps as soon as possible.
To complete your Grace Period requirements, first go to your Pi mining app and tap “Mainnet Checklist” at the top of your screen to get to the Mainnet Checklist. Or, tap the hamburger icon on the top left to open up the menu, and then tap “Mainnet” and then “Mainnet Checklist”.
All the steps to complete KYC and Mainnet migration are listed in this Mainnet Checklist.
Note that Pioneers with tentative KYC status or waiting for full KYC results and migration may need to complete actions. For example, some Pioneers need to complete additional liveness checks (make sure the video is clear with good lighting). When prompted in the mining app for such additional liveness checks, please take the liveness checks and do not close the popup. Sign the token acknowledgment in the Mainnet Checklist even if you are still waiting for your KYC results, as it is required for anyone to migrate to Mainnet anyway. Others must secure their account as required in the Mainnet Checklist. Check your KYC app and Mainnet Checklist today and take actions when prompted in order to receive your final KYC results and get ready for migration as soon as possible!
Also remind your Referral Team and Security Circle members to meet their respective deadlines.
Why Is the Grace Period Important?
The Grace Period is essential for maintaining a real, human, and decentralized ecosystem while ensuring the integrity and scalability of Pi Network as it transitions to Open Network. Here’s why the Grace Period is important:
- Identity Verification Through KYC and Migration:
- Only Pioneers who complete KYC and their Mainnet Checklist can transfer their mined transferable Pi balance to the blockchain. This ensures that Pi at Open Network remains secure, bot-free, and rooted in real human participation. By prioritizing verified users, the Grace Period safeguards the network’s long-term health, utility, and stability.
- Allowing Time to Migrate While Incentivizing Progress:
- The Grace Period strikes a balance between giving Pioneers adequate time to pass KYC and migrate while maintaining a sense of urgency. This policy will serve to accelerate our progress toward Open Network and its required pre-conditions, as well as help Pioneers get more of their Referral and Security Circle bonuses transferable to Mainnet, as a result of more members of their Referral Team and Security Circle getting KYC’d and migrated.
- Supporting Network Utility and Growth:
- Without KYC and migration, Pioneers cannot use Pi for payments in apps or other transactions within the utility-based ecosystem. The Grace Period ensures timely participation, enabling more Pioneers to engage with, actively contribute to, and benefit from the Pi ecosystem’s growing utility.
- Preventing Unverified Pi From Impacting the Network:
- This policy helps prevent unverified Pi beyond the rolling 6-month period from migrating to the Mainnet, and it helps avoid creating too much uncertainty for the Open Network and network planning that is unfavorable to the network and all Pioneers. Instead, such Pi will get freed up for mining by other KYC’d Pioneers in the future.
Final Thoughts
The additional time provided by this extension is another step toward ensuring that more Pioneers have the opportunity to fully participate in the Pi Network ecosystem. Whether you’ve been with Pi since the beginning or joined recently, this extension is designed with you in mind. But don’t wait—act now to secure your Pi and be part of the growing Mainnet community.
Together, we’re building something truly revolutionary. Let’s take these final steps as a unified network to prepare for Open Network.
