Pi Network (PI) News Roundup December 9

TL;DR

Pi Network has surpassed 100 million app downloads, with 14 million users completing KYC verification, leaving 1 million more to meet the December 31 deadline for the open network launch. The announcement of the Pi Core Team’s December roadmap for the open release of the mainnet is highly anticipated, though past delays have fueled community skepticism. Recent developments

More than five years have passed since the launch of Pi Network. The project allows people to mine digital assets directly from their smartphones without significant power consumption. However, it has raised some eyebrows throughout the community as the native token and open mainnet of Pi Network have yet to see the light of day.

Despite the controversy, it remains one of the most talked about projects in the cryptocurrency space, with a growing community base. Not long ago, the team revealed that the Pi Network app had passed the milestone of 100 million downloads.

Earlier this year, Pi Network developers stated that the launch of the Open Network is dependent on completing 15 million user KYC verifications. According to Pi News, 14 million people have already complied with the rules, with one million more to go. The final deadline is December 31.

This date was moved several times, causing mixed reactions from the community. The latest expansion was announced at the end of November:

“The first grace period deadline for submitting the KYC application is now extended to December 31, 2024, making it the same as the second deadline to migrate.”

So what’s going on?

It’s safe to assume that the Pi Network community is eagerly awaiting a groundbreaking development that could arrive at any moment. After all, the Pi Core Team previously committed to announcing the Open Mainnet Roadmap, which should provide more clarity on when users will be able to buy and sell Pi tokens in December.

Some praised the team for providing the information, while others were less favorable, suggesting there would be another extension.

We have yet to see if the remaining weeks of 2024 will offer any major news or if the pessimists will turn right.

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