financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Important Pi Network (PI) Update Concerning All PiBridge Users
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Important Pi Network (PI) Update Concerning All PiBridge Users
Nov 26, 2024 3:20 AM

TL;DR

PiBridge scheduled a maintenance on its Pi withdrawal portal. The Pi Network team recently emphasized completing additional steps beyond KYC for mainnet migration, urging users to act within the Grace period to avoid losing access to their tokens.

Ensuring the Best User Experience

PiBridge a decentralized finance platform connecting Pi Network with other blockchains recently announced that the Pi withdrawal portal will undergo maintenance. The team claimed that the efforts goal is to enhance service quality 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, PiBridge assured. 

As promised, the initiative did not last long. Approximately an hour ago, the team said it had been completed, and users could resume withdrawals and all platform features as usual. 

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

Recent Pi Network Developments

The controversial cryptocurrency project, which aims to enable users to mine digital assets directly from their smartphones, is among the hottest topics in the space. It has been around for over five years and its community comprises millions of people. 

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

The developers also stated that the Open Network will see the light of day once 15 million people have passed KYC procedures. Not long ago, the social media channel Pi News revealed that just 1 million individuals are needed to complete the target.

Most recently, Pi Network provided key instructions for mainnet migration, emphasizing that completing verifications is just one step in the whole process. Users are urged to set up and confirm the wallet, sign the token confirmation agreement, and conduct 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 may be considered abandoned and unusable, the team alerted. 

Meanwhile, the community is waiting for 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 go as promised or if there will be another delay.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AI Agents Lead Crypto Narratives With 67% Gains in 30
AI Agents Lead Crypto Narratives With 67% Gains in 30
Dec 30, 2024
The crypto market has shown dramatic shifts in narrative performance, with AI-driven technologies emerging as clear winners in the final month of 2024. In contrast, meme coins and modularity projects have experienced significant declines in the last 30 days. Winners and Losers The latest data from Web3 analytics platform Dexu AI shows that AI agents generated an impressive 72.2% return...
Grayscale Updates Top 20 Altcoin List for Q1 2025 with These 6 New Additions
Grayscale Updates Top 20 Altcoin List for Q1 2025 with These 6 New Additions
Dec 30, 2024
Grayscale Research has updated its top 20 altcoin list for the first quarter of 2025, adding six new digital assets. The list highlights cryptocurrencies the company believes demonstrate strong potential for the upcoming quarter. The Six Tokens According to the December 30 report, this update emphasizes tokens linked to three primary market themes: the U.S. election and its potential regulatory...
Ripple v. SEC Yearly Recap: Was 2024 the Most Important Year?
Ripple v. SEC Yearly Recap: Was 2024 the Most Important Year?
Dec 30, 2024
TL;DR The Ripple v. SEC case culminated in August when Judge Torres ordered the company to pay a $125 million fine for breaching certain securities laws. The penalty represented a substantial reduction of what the regulator initially asked for. Donald Trumps election victory and Gary Genslers announced resignation fueled optimism among XRP supporters, expecting pro-crypto leadership to influence the cases...
A16z Joins Legal Fight Against Treasury and IRS Over DeFi Rules
A16z Joins Legal Fight Against Treasury and IRS Over DeFi Rules
Dec 30, 2024
Michele Korver, head of regulation at Andreessen Horowitzs blockchain arm, A16z Crypto, has voiced strong opposition to the US Treasury and IRSs newly issued broker reporting rule. In an official statement, she claims that it jeopardizes the future of decentralized finance (DeFi) innovation in the United States. Treasurys Midnight Reporting Rule Lambasted In a December 30 tweet, Korver outlined A16zs...
Copyright 2023-2026 - www.financetom.com All Rights Reserved