Right here We Go Once more! Pi Community has prolonged the grace interval deadline for KYC (Know Your Buyer) verification and Mainnet migration to February 28, 2025. That is the third time the Pi Community has prolonged its grace interval, it comes only a day earlier than the extremely anticipated Mainnet launch, initially scheduled for January 31, 2025. Regardless of the extension information, the worth of the Pi coin has recorded a acquire of 10% in a day.
KYC Deadline Prolonged To Feb 28, 2025
In a latest weblog publish, Pi Community revealed that the grace interval for KYC replace and migration course of extension has been prolonged till 28 Feb.
Nevertheless, This extension is all about equity and ensuring everybody will get an opportunity to affix the Pi Community with out shedding their Pi cash.
The Pi Community has additionally clarified that this extension doesn’t have an effect on the Open Community launch, which continues to be set for Q1 2025. The brand new deadline for the grace interval received’t change the timeline for the launch, holding every thing on observe.
If You Miss, You Free
Nevertheless, the announcement additionally clarified that any Pi holders who fail to finish their KYC and migration by the brand new deadline will lose their cash. Solely the Pi mined inside the six months main as much as the migration shall be stored.
Older balances shall be free, so customers have to act shortly to safe their holdings earlier than the deadline ends.
Pi Coin Value Soars
Regardless of the prolonged grace interval, Pi Coin has seen a major value soar. In simply 24 hours, Pi Coin’s value elevated by 10%, reaching practically $50, with a market cap of $3.38 billion
Because the mainnet launch nears, Pi Coin merchants are intently monitoring key value ranges. If the mainnet launch happens earlier than the top of Q1, there’s potential for Pi Coin to hit $100. Nevertheless, if delayed, it might see a bearish decline in the direction of $28.
With the deadline extension, Pi holders have a bit of extra time to safe their cash, however they need to act shortly to keep away from shedding them.
