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

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Polymath and CineCity Studios Launch Tokenized Film Investment Initiative

Polymath and CineCity Studios announced a collaboration to explore a tokenized film investment platform aimed at connecting independent film productions with investors through regulated digital securities.

user avatarSatoshi Nakamura

WISeKey's New Ticker WQEY Set to Begin Trading

WISeKey's ordinary shares will start trading under the new ticker WQEY on October 5, reflecting the company's new corporate structure following the merger.

user avatarJesper Sørensen

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.