Pi Networks KYC Verification Process Important Update What You Need to Know Before jumping into the topic know what PI-Network founder’s vision about their research:
Pi-Network: Who We Are
At Pi Network, we believe in creating a better cryptocurrency landscape. The Pi Founders combined their extensive knowledge from their Stanford PhDs in computer and social sciences with practical application to address significant barriers to crypto accessibility and adoption. Their vision culminated in the launch of Pi Network on March 14, 2019—Pi Day—marking the beginning of a growing global community dedicated to decentralized collaboration for a shared mission.
Built for Everyone, By Everyone
Pi Network is a vibrant community of millions of individuals mining Pi cryptocurrency to leverage and develop the Web3 application ecosystem. This blockchain network thrives on the active participation of Pioneers—its community members—who are rewarded through an innovative mobile mining mechanism that recognizes diverse contributions and digital engagement in a fair and transparent manner.
To promote fairness in Pi mining, uphold the security of the Pi blockchain, preserve the integrity of the ecosystem, and foster community-driven governance, we focus on empowering genuine individuals worldwide while minimizing the impact of malicious actors, bots, and opportunists. By allowing Pioneers to mine Pi tokens through their smartphones, and implementing a robust KYC process, we ensure a community characterized by real human interaction, promoting collaboration and building a decentralized ecosystem with viable applications for everyday users. With an accessible developer platform and a large, identity-verified, and crypto-savvy social network, Pi Network is poised to play a pivotal role in the next technological revolution.
The Founders:
Nicolas Kokkalis -Head of Technology
Dr. Nicolas Kokkalis, a Stanford PhD, taught Stanford’s inaugural decentralized applications course in 2018. His work centers on merging distributed systems with human-computer interaction, aiming to introduce cryptocurrency to the daily lives of people. A long-time advocate for the transformative potential of cryptocurrencies—technologically, financially, and socially—he is dedicated to overcoming existing challenges and making blockchain accessible to a broader audience.
Chengdiao Fan -Head of Product
Dr. Chengdiao Fan, a PhD in Anthropological Sciences from Stanford, is leveraging social computing to unlock global human potential. By enhancing human-computer interaction and imagining future socioeconomic landscapes through the web, Chengdiao is leading the charge with Pi Network. This initiative empowers individuals worldwide to engage, be recognized for their efforts, and fosters an inclusive ecosystem. Through this, global citizens can realize their potential and contribute beneficial solutions for society as a whole.
Pi Networks KYC Verification Process Important Update: What You Need to Know…
The Thrilling Growth of Pi Network’s Ecosystem Interface: Introducing Mainnet Apps
Pi Network has launched a new interface that allows users to access Mainnet Pi apps directly through the Pi Browser. This expansion of the Ecosystem Interface marks an exciting step forward in Pi’s mission to empower both Pioneers and developers by offering new utilities and opportunities! The initial rollout includes 20 Mainnet Pi apps, laying the foundation for more apps and further developments within the Mainnet Ecosystem Interface.
Until now, the Ecosystem Interface was limited to Testnet apps, where developers could test and refine their applications. This environment has provided valuable opportunities for both Pi developers and Pioneers to explore new functionalities and offer feedback.
With this update, Pioneers can now easily access Mainnet Pi apps, allowing them to transact real Pi for actual goods and services. This advancement is crucial in preparing the app ecosystem for the Open Network, and we are eager to see how Pioneers will engage with these Mainnet applications.
The goal is to make a wide array of Mainnet Pi apps accessible via the Pi Browser, enhancing the Mainnet ecosystem for both Pioneers and the general public. As Pioneers use these apps, it’s important for each individual to take responsibility for evaluating the apps and understanding any risks, just as one would do when navigating traditional websites or Web3 applications on other crypto networks.
Please Note: Pioneers should be aware that Pi Network does not verify, evaluate, endorse, or review the Ecosystem apps available through the Pi Browser for any reason. Your engagement with these apps is at your own discretion, and we strongly encourage maintaining caution during your use.
Featuring these apps in the Ecosystem UI of the Pi Browser highlights Pi Network’s commitment to creating functionality for Pi, supporting developers, and fostering exceptional app development for the community.
Pi Networks KYC Verification Process Important Update What You Need to Know:
Pi Network has achieved impressive milestones with over 9 million successful migrations and 14 million KYC verifications. However, some users are reporting issues with rejected applications. To resolve these issues, users are encouraged to update their personal details, submit appeals, or seek assistance through Telegram.
The team advises clear and well-lit video submissions for liveness checks, completing all steps on the Mainnet Checklist, and signing the token acknowledgment to facilitate a smooth transition into the ecosystem.
Pi Networks KYC Verification Process Important Update What You Need to Know
Take Action Today if Needed:
Pi Network, a crypto project that allows users to mine digital currencies directly from their smartphones, launched back in 2019. While it has been in operation for some time now, its native token isn’t yet available for trading, and the community is eagerly awaiting the rollout of its fully operational blockchain and Open Network.
Last year, the team assured users that the Open Network would launch once 15 million participants completed their Know-Your-Customer (KYC) verifications and transitioned to the mainnet (known as the Grace Period), aiming for completion by January 31.
At the start of this month, Pi Network announced it’s making “excellent progress,” with over 9 million successful migrations recorded. They previously reported that around 14 million users had already finished the verification process.
However, some individuals have raised concerns about the rejection of their KYC applications for various reasons.Pi Network has recommended that users encountering this issue can either “use Pi to change their name or submit an appeal to have their KYC application reviewed again.”
Pi Networks KYC Verification Process Important Update What You Need to Know
“Take action today if needed,” the project encouraged
Earlier this month, the team also provided an additional resource for users tackling KYC and migration challenges. They invited participants to join a dedicated Telegram chat “where moderators will answer your questions.”
Helpful Tips:
Last week, the Pi Network team suggested that KYC verifications and migrations to the mainnet could occur more quickly if users ensure their videos are clear and well-lit during the process.
“When you receive a prompt in the mining app for any extra liveness checks, please make sure to complete them without closing the popup. It’s important to sign the token acknowledgment even if you’re still waiting on your KYC results, as this step is essential for anyone planning to transition to the Mainnet,” the developers noted.
Others may need to secure their accounts as outlined in the Mainnet Checklist. To do this, they should review their applications, complete any necessary actions upon notification, and finalize their KYC outcomes promptly to prepare for migration.
Pi Networks KYC Verification Process Important Update What You Need to Know
Next Steps for Developers:
With the addition of Mainnet apps in the Ecosystem UI, it’s time for developers to enhance their applications. Whether your app is live on Mainnet or still in development, it’s vital to ensure it functions smoothly, integrates seamlessly with Pi, and delivers an exceptional user experience. Any existing problems, such as bugs or incomplete features, should be addressed promptly. This proactive approach is especially important as Mainnet Pi apps prepare to reach potentially millions of Pioneers worldwide, along with the anticipated Open Network launch in Q1 2025.
Additionally, enhancing your apps contributes not only to their individual success but also strengthens the overall Pi ecosystem as we approach the Open Network phase. By refining your app now, you play a crucial role in building a robust ecosystem poised to provide significant value to Pioneers around the globe.
If your Pi app is ready for the Mainnet Ecosystem Interface on the Pi Browser, you can submit your application through your account via the Pi Developer Portal.
Stay connected as we continue to integrate Mainnet apps and evolve the Pi ecosystem.
Pi Networks KYC Verification Process Important Update What You Need to Know
Pi Networks KYC Verification Process Important Update What You Need to Know
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Pi Networks KYC Verification Process Important Update What You Need to Know
