Pi Network Alerts Users of KYC Deadline on January 31

user avatar

by Giorgi Kostiuk

2 years ago

The Pi Network team reminded users to complete the Know Your Customer (KYC) process and transition to the Mainnet by January 31, 2025.

Transition to Mainnet and KYC Process

On January 5, 2025, the Pi Network team stated that users need to complete the KYC process and migrate to the Mainnet by January 31, 2025, or risk losing access to most of their mined Pi coins. The KYC process verifies users' identities and ensures compliance with anti-fraud measures.

User Verification Challenges

Only 13 million of the over 100 million users have been KYC verified so far. This means nearly 50% of users are yet to complete the process. In recent months, approximately 1.2 million previously blocked users have been unblocked to continue their verification.

User Participation as KYC Validators

To facilitate the verification process, Pi Network has invited existing verified users to become KYC validators. Users can help expedite the transition to the Mainnet and ensure the security of their Pi coins.

The Pi Network team emphasizes the urgency for users to act promptly to complete their transition to the Mainnet and secure their coins.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

NAVI Prime's Curated Lending Markets: A Step Towards Enhanced Risk Management

chest

NAVI Prime introduces curated lending markets to enhance risk management in DeFi by isolating environments and customizing collateral rules.

user avatarMaria Fernandez

NAVI Protocol Launches NAVI Prime: A New Era in Decentralized Lending

chest

NAVI Protocol has launched NAVI Prime, a modular lending framework on the Sui blockchain that replaces shared liquidity pools with independently curated lending markets.

user avatarGustavo Mendoza

HINC Deployment Enhances Sui Network's Institutional Appeal

chest

The deployment of the Neuberger Securitize High Income Tokenized Fund (HINC) on the Sui network enhances its appeal to institutional investors and showcases its potential in the tokenized finance landscape.

user avatarMiguel Rodriguez

Neuberger Securitize Launches High Income Tokenized Fund (HINC)

chest

Securitize and Neuberger Berman have launched the Neuberger Securitize High Income Tokenized Fund, known as HINC, providing accredited investors with tokenized access to high-yield bonds and other credit products.

user avatarRajesh Kumar

Walmart's Stock Plummets After Earnings Report

chest

Walmart's stock fell over 9% after its fiscal second-quarter earnings report showed only a 2.6% increase in US comparable sales, raising investor concerns.

user avatarLuis Flores

New Report Released Based on Primary Source Documentation

chest

The report is based on information released in disclosures at primary source documentation, ensuring that the information provided is accurate and reliable.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.