Pi network frequentky Asked Questions

KYC or “Know Your Customer” is a procedure to first identify and then verify user identities. Pi Network utilizes a proprietary KYC solution to scalably verify the identity of millions of Pioneers all over the world to onboard them to the Mainnet blockchain and ecosystem.

Not only is KYC important for the integrity of the network and compliance, but also it makes sure that it is fair for all human Pioneers who have been honestly mining in their own accounts. Achieving this goal is critical because real verified humans on Pi will contribute to the robustness of the network while encouraging the development of various apps for a utility-based ecosystem.

Over the past year, the Pi KYC software has been continuously updated to allow more and more Pioneers to apply, address many different corner cases in the application process, and verify identities of millions of Pioneers to prepare them for their Mainnet migration, while safeguarding the integrity of the network. The KYC progress of the whole network will remain a top priority of the community including the Core Team, Validators and Pioneers, and one of the two primary goals of the Enclosed Network period in the Mainnet Phase.

In the recent celebration of Pi Day, a major software update in the KYC app was also released and introduced in the Pi Day 2023 announcement. We’re providing the following FAQs to elaborate on the Pi Day KYC announcement and overall assist Pioneers on their KYC journey.

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https://www.globaltechedu.com/2023/04/pi-network-kyc-faqs.html

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