Important Update on Pi Network’s KYC Verification Process: Details

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TL;DR

  • Pi Network has made significant progress with over 9 million successful migrations and 14 million KYC verifications but faces complaints about rejected applications. Users are advised to resolve issues by updating their details, appealing, or seeking help via Telegram.
  • The team recommends clear, well-lit video submissions for liveness checks, completing all Mainnet Checklist steps, and signing the token acknowledgment to ensure a smooth transition to the ecosystem.

‘Complete This Action Today if Needed’

The Pi Network – a debatable cryptocurrency initiative that asserts users can mine digital assets straight from their mobile devices – was introduced in 2019. However, despite being active for an extended period, the native token is yet to be traded on markets. Additionally, the community eagerly awaits the launch of its complete blockchain and Open Network.

Last year, it was promised that the Open Network would launch after approximately 15 million users completed the required Know-Your-Customer (KYC) checks and moved to the mainnet (during the Grace Period) before the end of January.

At the start of this month, Pi Network announced they were making significant strides, having successfully migrated over 9 million users. Previously, their developers stated that approximately 14 million individuals had gone through the verification process.

Nevertheless, some users have been voicing concerns that their KYC applications were denied for different reasons. Pi Network has suggested two possible solutions for those encountering these problems: either invest Pi to change your name or submit an appeal and re-send your KYC application.

“Complete this action today if needed,” the project added.

In October, the team presented an alternative solution for users encountering difficulties with KYC and migration processes. They encouraged these users to engage in a specialized Telegram group, where moderators would be available to address their queries.

Additional Tips

A fortnight ago, the Pi Network team suggested that completing Know Your Customer (KYC) verifications and transitioning to the mainnet could occur more swiftly if users ensure their videos are well-lit and clearly filmed during the process.

The developers recommend that when asked for additional liveness checks within the mining app, you should complete them and keep the popup open. Even if your KYC results have not yet been processed, make sure to sign the token acknowledgment. This is necessary for anyone planning to migrate to Mainnet.

For a smooth transition to the mainnet, it is essential that others verify and secure their accounts following the guidelines provided in the Mainnet Checklist. This includes thoroughly checking your application, carrying out any requested actions promptly, and ensuring your KYC results are finalized without delay to be ready for the migration process.

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2025-01-17 15:14