The rather arduous process of personal data verification on Pi’s Network (PI) just received a crucial upgrade. The critical KYC re-vamp is supposed to drop the Know Your Customer (KYC) backlog by roughly 50%, as KYC submissions started piling in since Pi’s successful mainnet launch, but many Pioneers saw technical or location-related issues when trying to migrate.
Self-Unblock Tool Clears Pi Coin’s KYC Backlog
Namely, the migration to Pi’s mainnet opens up all Pi Coin’s (PI) inherent capabilities on the native chain. Based on the mobile-mining blockchain’s structure, the 60-million strong community were able to pre-mine Pi Coins way before the mainnet dropped. After 6 years of mining, the earned Pi Coins are transferable in portions to the assigned self-custodial wallet.
With the brand new Pi KYC update bringing a coherent way to resolve any issues related to the stuck Pi Coins, every Pioneer is able view their suspension notice and take the necessary measures to re-submit the KYC verification request in the correct way. Once the Pioneer’s details are filled in & confirmed with the liveness check, the form is sent for a fast-track approval process.
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Pi Network added AI to Standard KYC to speed up validations and unblock Mainnet migrations.
It lets Tentatively KYC’d users fix their status alone with in-app facial liveness checks.
About 3 million Pioneers with Tentative KYC status are eligible after new liveness prompts.
Open the Pi app, complete the facial verification when prompted after mining, then wait for status update.
17.5M have fully passed KYC, 15.7M migrated to Mainnet, and AI has cut pending queues by ~50%.
