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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Trezor Expands Passphrase Limit to Enhance Wallet Security

Trezor has increased the passphrase limit for its hardware wallets from 50 to 128 characters to enhance security for users' cryptocurrency holdings.

user avatarDavid Robinson

Animoca Brands Expands Institutional Business with New Fund Management Authorization

Animoca Brands has received authorization to manage collective investment funds in Abu Dhabi, enhancing its institutional business.

user avatarAndrew Smith

Operational Challenges in Tokenized Asset Settlements Highlighted

Ongoing trials of tokenized assets in Hong Kong reveal significant operational challenges, including the need for consistent collateral and payment processes, as well as complexities in handling redemption requests.

user avatarTando Nkube

T7X Aims to Boost Market Liquidity with Native Digital Securities

T7X aims to revolutionize trading for Reg A and Reg D holdings by introducing native digital securities for secondary market trading, enhancing liquidity for investors.

user avatarZainab Kamara

T7X Introduces Innovative Native Issuance Model for Tokenized Stocks

T7X introduces an innovative native issuance model for tokenized stocks, integrating compliance and ownership verification into the token issuance process.

user avatarJacob Williams

Bitbase Unveils Major Brand Upgrade with New Mascot BENIE

Bitbase announces the launch of Bitbase 20, featuring a new brand identity and mascot, BENIE.

user avatarSon Min-ho

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.