The post Pi Network News: Final Mainnet Migration Deadline Set for March 14, 2025 appeared first on Coinpedia Fintech News
The Mainnet launch of Pi Network is one of the most sensational events in the cryptocurrency market in recent history. The launch has created extreme excitement in the market. Most crypto pioneers have accepted the advice of the Pi Network team and migrated to the Mainnet. Interestingly, for one last time, the network has extended the Grace Period for the migration process to March 14, 2025, at 8:00 AM UTC. It appears that the PI team is keen to make sure every pioneer receives adequate time to complete the migration procedure. Here is everything you should know about the development!
Final Extension of Pi Network’s Grace Period
Pi Network’s Grace Period for its Mainnet migration is expected to end in four days. The Grace Period has been extended multiple times in the past. However, the network team confirmed that the latest extension would be the last and final one. This means that pioneers are unlikely to get another chance to complete the migration procedure if they miss this Grace Period.
Why Was the Grace Period Extended Again?
It appears that the Pi Network team is very keen to ensure every pioneer receives adequate time to complete the KYC and migration procedures.
Moreover, pioneers are the backbone of the network. The future prospects of Pi Network depend primarily on how confident the PI community is about the growth potential of the network. It is important for the network to keep its pioneer support base intact.
What Happens If You Don’t Complete Migration?
If pioneers fail to verify their identity and migrate, they will lose most of their Pi balance. Considering the current market scenario, it is unwise to miss the opportunity to retain one’s Pi balance.
At the start of February 20, the price of PI was around $1.84. At one point on February 27, the PI price touched as high as $2.93. Although the price of PI, currently, remains around 52.55% below the late-Feb peak, experts believe that there is a good chance for the price to go up in the coming months.
How to Complete Your Migration?
Completing the migration process is very simple. You can easily do it using the Pi Network app.
Firstly, open the Pi network application.
Once you enter the app, look for the hamburger menu. It is generally situated in the top left corner of the home page. Click on the menu. Scroll down to select the Mainnet option.
Finally, tap on the Mainnet Checklist option.
By completing all the steps mentioned in the checklist, one can complete the KYC and migration procedure.
In conclusion, the Pi Network Grace Period is ending on March 14, 2025, making the final opportunity for pioneers to complete KYC and Mainnet migration. Those who fail to migrate will lose most of their Pi balance. With the price of Pi showing potential growth, securing your balance is crucial. Complete your Mainnet Checklist before the deadline and remind your Referral Team to do the same to avoid losing bonuses.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
