Important Pi Network (PI) update for all PiBridge users

TL;DR

PiBridge scheduled maintenance on its Pi retirement portal. The Pi Network team recently emphasized taking additional steps beyond KYC for the mainnet migration, urging users to act within the grace period to avoid losing access to their tokens. “Ensure the best user experience”

PiBridge, a decentralized financial platform that connects the Pi network to other blockchains, recently announced that the Pi withdrawal portal will be placed under maintenance. The team stated that the goal of the effort is to “improve the quality of service and ensure the best user experience.”

Pi withdrawals will be temporarily unavailable during the process (scheduled for November 26). “We are committed to completing the maintenance as soon as possible and will notify you immediately when the portal reopens,” assured PiBridge.

As promised, the initiative did not last long. About an hour ago, the team said it was complete and users could resume withdrawals and all platform functions as usual.

“Thank you for your patience and unwavering support during this time. We remain committed to providing the best possible experience for our community,” PiBridge added.

Recent Pi Network Developments

The controversial cryptocurrency project, which aims to allow users to mine digital assets directly from their smartphones, is among the hottest topics in the space. It’s been over five years and its community consists of millions of people.

However, they are still waiting for the official release of Pi Network’s native token and its open mainnet. Earlier this year, the team indicated that these milestones could be reached once all users pass the necessary Know Your Customer (KYC) procedures. Initially, people had until September 30 to complete the verifications, while the deadline was later extended to November 30.

The developers also claimed that the open network will see the light of day once 15 million people have passed KYC procedures. Not long ago, social media channel Pi News revealed that only 1 million people are needed to complete the goal.

More recently, Pi Network provided key instructions for mainnet migration, emphasizing that completing verifications is only one step in the entire process. Users are prompted to set up and confirm the wallet, sign the token confirmation agreement, and complete other checklist steps.

“These steps can be completed before KYC, no need to wait. Please complete the migration within the grace period, otherwise your Pi could be considered abandoned and unusable,” the team warned.

In the meantime, the community is looking forward to December, when the Pi Core Team is supposed to provide more details on the open mainnet roadmap, which would allow official Pi token transactions.

We have yet to see if everything will turn out as promised or if there will be another delay.

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