TL;DR
- Pi Network requires 15 million users to pass KYC and migrate to the mainnet by January 31. Users should complete liveness checks and sign a specific token acknowledgment to get approved.
- The project has become increasingly popular, which explains why fraudsters often target the community. To avoid bad actors, users should rely only on official Pi Network channels and use the designated Pi Browser for Pi Wallet access.
Users Should Take These Required Actions
Pi Network was created over five years ago, yet its native token and open mainnet are still yet to be launched, which the community eagerly anticipates.
Previously, the team stated that the significant achievement preceding these advancements is the launch of Open Network. For this project to become reality, it needs 15 million users to complete mandatory Know-Your-Customer (KYC) verifications and transition to the mainnet during what’s called the Grace Period, which ends on January 31st.
At the start of the year, Pi Network shared that they have been advancing well, having accomplished more than 9 million seamless transitions.
Nevertheless, some community members have expressed concerns about problems encountered during the process. With this in mind, the team has provided crucial advice that might prove beneficial for those facing difficulties.
The developers explained that delays in obtaining full KYC results and migration could be due to users needing to complete certain actions. They also mentioned that some Pioneers might require additional liveness checks to ensure the videos are well-lit and clear.
When prompted in the mining app for extra security checks, please complete these checks and keep the popup open. Sign the token acknowledgment, regardless if you are still awaiting KYC results, as it is necessary for everyone to transition to Mainnet eventually.
Other users should ensure their accounts are secured according to the Mainnet Checklist guidelines. This involves verifying the application when prompted and completing the required steps to obtain final KYC results, all in preparation for a swift migration.
Beware of These Scams
Pi Network, a project often met with controversy in the world of cryptocurrencies, continues to grow in popularity despite this. Just last month, its app surpassed the significant mark of 100 million downloads.
The project has gained significant popularity across Asia, fostering robust communities in countries such as China, Vietnam, South Korea, India, Singapore, Japan, and numerous others.
The growing popularity might be the explanation as to why scammers frequently target users within their community. In response to this concern, Pi Network has released two important alerts aimed at safeguarding its users.
Initially, they recommended that individuals should rely solely on details disseminated via authorized outlets. Furthermore, the creators established a specific safety webpage that provided authentic resources and links.
Additionally, they advised users to utilize only the official Pi Browser for accessing their Pi Wallets to prevent any potential fraud. To verify you’re using the genuine Pi Wallet, look for its distinctive purple color in the navigation bar of the Pi Browser, which should also display the Pi logo accompanied by the emblem of the Core Team apps. This authentic wallet will help protect your Pi assets.
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2025-01-10 14:32