Pi Network has introduced new KYC features aimed at improving the user identification process. These updates coincide with an important event — Pi Day, scheduled for June 28.
New KYC Features in Pi Network
Crypto community member Mahidhar recently shared details about the new KYC features introduced in Pi Network. These features effectively resolve the long-standing data synchronization issues faced by Pioneers. The updates allow users to sync their KYC status between the PiApp and PiBrowser. Many users have expressed frustration over delays in their KYC approvals, with some applications stuck in 'review in progress' or 'tentative approval' status for over two years.
User Migration Issues
The KYC update arrives at a crucial time as the platform navigates recent migration issues. Pi Network has recently received complaints about stuck KYC verifications, disappearing wallet balances, and broken two-factor authentication. Many users reported not receiving confirmation emails or encountering error messages when trying to verify their accounts. Another set reported that their wallet balances are displaying zero, causing dissatisfaction among those who have consistently mined.
Price Predictions for Pi Coin
As of this writing, the price of Pi Coin was trading at $0.53, down 0.43% over the past day. However, the daily trading volume surged by 3.2% to $84.9 million. This uptick indicates that traders are actively acquiring Pi as they anticipate a significant breakout. Alongside the upcoming Pi Day event and the new KYC feature, there is increased interest in Pi Coin among investors. Crypto analyst Moon Jeff predicted that Pi could hit $2 if it overcomes the $1.2 resistance level.
The launch of new KYC features in Pi Network and the upcoming Pi Day event create positive expectations among users and traders. These changes may enhance the user experience and potentially lead to price increases for Pi Coin.
