news 
Pi Network (PI) News Recap Feb 10th
The Pi Network community has been eagerly awaiting the launch of its native token and open mainnet. Unfortunately, the project’s team announced another delay in their timeline, pushing the KYC and migration deadline to February 28, 2025.
The reason behind this extension is attributed to users facing issues when attempting to comply with the Know-Your-Customer (KYC) verification process. To alleviate these problems, Pi Network has implemented two significant updates. Firstly, individuals who previously had their applications rejected due to name mismatches and have only been denied once are eligible for appeal and resubmission of their application. However, this comes at a cost – users will lose part of their Mobile Balance.
Furthermore, the developers have introduced minor phone number corrections, allowing up to two digits to be modified. This change aims to prevent account takeovers or hacks. It is essential to note that only those with rejected KYC applications and a single denied appeal are eligible for this correction.
Pi Network’s plans to launch its Open Network remain unchanged, with the goal still set to roll out the feature during the first quarter of 2025. Although this news may be discouraging for some members, it is crucial for potential investors or users to submit their KYC applications and complete migration procedures as soon as possible.
Despite ongoing concerns and uncertainty, Pi Network’s popularity continues to rise, with recent community gatherings taking place in India, Nigeria, and China. A noteworthy event took place in Shijiazhuang City, Hebei Province, where many products were sold using the Pi payment system, indicating the platform’s growing adoption.
Pi Network has gained significant traction globally, particularly in countries like South Korea, Vietnam, Singapore, Japan, and more.
Source: cryptopotato.com
