Today marks the end of the KYC verification process in the Pi Network. For users who earn coins, this is an essential step that requires timely completion.
End of KYC Deadline for Pi Network
The Pi Network platform has over 60 million users, yet only a fraction have completed the KYC process. This means many users could lose their accumulated coins if they don't meet the deadline.
Challenges in KYC Verification
A major issue affecting many users is the impact of referral circles. Users earn rewards based on their referral network, but if a significant portion fails KYC, users with completed verification might also lose a large percentage of their coins.
Prospects of Deadline Extension
There are rumors that the KYC and migration deadline might be extended to the end of February. A recent leak suggests that an official announcement is expected soon, potentially granting more time for completion.
If the deadline is extended, more users will have the opportunity to secure their coins. However, without an extension, unverified users will lose access to their coins permanently.
