The post Here’s What Happened in 2024 appeared on BitcoinEthereumNews.com.

TL;DR Pi Network extended the KYC deadline to January 31, 2025, with 14 million users verified (out of the requested 15 million target). Despite the delays and confusion regarding the launch of open mainnet, the project’s app surpassed 100 million downloads. Pi Network has built a particularly solid community base in Asia, with South Korea, China, Vietnam, Singapore, India, Japan, and more turning into strongholds. Pi Network’s Developments This Year The Pi Network community witnessed multiple updates in 2024 as the team seemingly prepares to launch its open mainnet. In September, the controversial cryptocurrency project (which claims to allow people to mine digital assets from their smartphones) celebrated 2,000 days since launch, but its native token and fully-operation blockchain have yet to go live. And while the developers behind Pi Network keep promising that such significant developments are on the horizon, some community members have started losing patience due to the constant delays.  Earlier this year, the team claimed that the first huge milestone was the launch of the open network. They said it will become possible once 15 million users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period). In August, Pi Network announced that over 13 million people had completed authentications, while 6 million had successfully migrated. Earlier this month, the team said KYC verifications had reached 14 million.  Initially, users had until the end of September to abide by the rules. However, the deadline was extended numerous times and eventually pushed to January 31, 2025. Unsurprisingly, the latest delay annoyed many members of the community, whereas others maintained that they had experienced serious issues when trying to pass KYC procedures.  It is worth mentioning that Pi Network offered help to those struggling with similar problems, advising them to join a dedicated…

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Filed under: News - @ December 30, 2024 3:18 pm