Pi Network KYC Updates: What’s New and What’s Next for Pioneers: Pi Network has released several KYC updates to help unblock Pioneers and accelerate progress towards Open Network. These updates are crucial for enabling more Pioneers to complete KYC and advance towards Mainnet migration.
Ability to Apply
In the past two months, around 1.2 million Pioneers who were previously unable to move forward with their KYC application have been unblocked. This update has opened up opportunities for more Pioneers to complete their KYC and progress towards Mainnet migration.
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Re-submission Opportunity for Rejected Applications
Some Pioneers whose KYC applications were previously rejected due to process or submission errors caused by the individual applicant can now resubmit once a month. This improvement has already helped nearly 250,000 individuals resubmit their applications, allowing them to correct mistakes and complete their KYC.
Processing Tentatively Accepted Applications
About 200,000 tentatively accepted KYC applications have been unblocked. Over 122,000 out of these are now being reprocessed to move forward in the process to fully complete KYC. The remaining applications require the applicant to take additional actions such as more liveness checks to progress.
Bug Fixes for Blocked Applications
Key issues that hindered some users from completing KYC have been resolved. These include bugs affecting liveness videos and form submission. With these bug fixes, more Pioneers can now complete their KYC without any obstacles.
Upcoming Updates
Improved Tentative Approvals
A new method that has been developed for a while and is currently being tested and improved for scalability will be deployed soon to finalize more tentatively accepted KYC applications at scale. This update will enable more Pioneers to complete their KYC and progress towards Mainnet migration.
Solutions for Name Mismatches
For Pioneers whose Pi Account Name and KYC Name do not match, these applications normally would be rejected due to their failure to prove their ownership of the account through their verified identity in KYC. However, as community reports show, there is a possibility that genuine Pioneers face this situation.
To balance enabling such genuine Pioneers to have a resolution and the need to prevent violations of terms and policies such as account transfers, upcoming updates will provide potential genuine Pioneer accounts with the option to:
- Appeal for a chance to resubmit their application with corrected details.
- Update their Pi account name to their KYC’s name with a penalty of forfeiting part of their Mobile Balance.
Moving Forward Together
These updates are a key step toward enabling more Pioneers to successfully complete their KYC and advance toward Mainnet migration. If you’ve encountered obstacles with KYC in the past, now is the perfect time to revisit your application. The latest fixes and improvements might have addressed the issues preventing your progress.
Remember:
- Completing KYC alone will not enable Mainnet migration. Complete your Pi Network Mainnet Checklist steps to migrate your transferable balance to Pi Network Mainnet.
- Encourage your Referral Team and Security Circle members to check their KYC status and take advantage of the opportunities to resubmit or resolve name mismatches.
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Learn More
Read the full article and FAQs to learn more about Pi Network’s native KYC solution, its importance in preparing for an Open Network launch, and how it works. KYC is an essential component of Pi’s preparedness for an Open Network launch.
Help KYC move forward for more Pioneers by becoming a KYC Validator yourself and inviting your fellow Pioneer peers to complete KYC and migrate to Pi Network Mainnet.
