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

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

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.