API client upgade confirmation and do I need to create a new api app?

MAG
When I log into kite.trade, I see a message "The current set of APIs are being phased out. Please make sure you migrate to Kite Connect 3.0 APIs at the earliest."
I have a couple of questions:
1. Any changes to be made in the 'https://developers.kite.trade/' page?
2. Do i need to delete and recreate my app?
3. I have downloaded the latest kite connect library using "pip3 install kiteconnect --upgrade --pre" as mentioned in the github page. How do I confirm I am using the correct and latest library? pip3 search kiteconnect gives "INSTALLED: 3.7.0b2 (latest)". Is this correct?
cat /home//.local/lib/python3.6/site-packages/kiteconnect/__version__.py gives
__title__ = "kiteconnect"
__description__ = "The official Python client for the Kite Connect trading API"
__url__ = "https://kite.trade"
__download_url__ = "https://github.com/zerodhatech/pykiteconnect"
__version__ = "3.7.0.b2"
__author__ = "Zerodha Technology Pvt ltd. (India)"
__author_email__ = "[email protected]"
__license__ = "MIT"

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