TL;DR
It has been more than five years since Pi Network’s birth, but the community is still awaiting the launch of its native token and open mainnet.
The team previously claimed that the first major milestone before these developments is the introduction of Open Network. To see the light of day, the project requires 15 million users to pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period) before January 31.
Earlier this year, Pi Network announced that it is making “excellent progress,” with over 9 million successful migrations.
However, many community members have complained about issues when completing the procedures. On that note, the team issued important guidance that could be of help to those in need.
The developers claimed that people’s long wait for full KYC results and migration “may be caused by your need to complete actions.” They said some Pioneers must pass additional liveness checks to “make sure the video is clear with good lighting.”
Other users need to secure their accounts as required in the Mainnet Checklist. To do so, they have to check the application and take the necessary steps when prompted to receive final KYC results and prepare for migration as soon as possible.
Pi Network remains one of the most controversial projects in the cryptocurrency sector, but that doesn’t stop it from increasing its popularity. Last month, its application exceeded the major milestone of 100 million downloads.
The project is particularly popular in Asia, creating strong community bases in nations like China, Vietnam, South Korea, India, Singapore, Japan, and others.
The rising prominence, though, could be one reason why scammers often attack members of its community. To protect users, Pi Network issued two critical warnings.
Firstly, they advised people to trust only information shared through official channels. Additionally, the developers created a dedicated safety page listing verified sources and URLs.
Secondly, they warned users to access their Pi Wallets exclusively through the designated Pi Browser. “Ensure you’re in the correct Pi Wallet, not any fake one, to safeguard your Pi. The authentic Pi Wallet is also visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo featuring the Core Team apps logo,” the alert reads.
The post Essential Tips for Pi Network Users Facing KYC Verification Challenges appeared first on CryptoPotato.
- Pi Network requires 15 million users to pass KYC and migrate to the mainnet by January 31. Users should complete liveness checks and sign a specific token acknowledgment to get approved.
- The project has become increasingly popular, which explains why fraudsters often target the community. To avoid bad actors, users should rely only on official Pi Network channels and use the designated Pi Browser for Pi Wallet access.
Users Should Take These Required Actions
It has been more than five years since Pi Network’s birth, but the community is still awaiting the launch of its native token and open mainnet.
The team previously claimed that the first major milestone before these developments is the introduction of Open Network. To see the light of day, the project requires 15 million users to pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period) before January 31.
Earlier this year, Pi Network announced that it is making “excellent progress,” with over 9 million successful migrations.
However, many community members have complained about issues when completing the procedures. On that note, the team issued important guidance that could be of help to those in need.
The developers claimed that people’s long wait for full KYC results and migration “may be caused by your need to complete actions.” They said some Pioneers must pass additional liveness checks to “make sure the video is clear with good lighting.”
Other users need to secure their accounts as required in the Mainnet Checklist. To do so, they have to check the application and take the necessary steps when prompted to receive final KYC results and prepare for migration as soon as possible.
Beware of These Scams
Pi Network remains one of the most controversial projects in the cryptocurrency sector, but that doesn’t stop it from increasing its popularity. Last month, its application exceeded the major milestone of 100 million downloads.
The project is particularly popular in Asia, creating strong community bases in nations like China, Vietnam, South Korea, India, Singapore, Japan, and others.
The rising prominence, though, could be one reason why scammers often attack members of its community. To protect users, Pi Network issued two critical warnings.
Firstly, they advised people to trust only information shared through official channels. Additionally, the developers created a dedicated safety page listing verified sources and URLs.
Secondly, they warned users to access their Pi Wallets exclusively through the designated Pi Browser. “Ensure you’re in the correct Pi Wallet, not any fake one, to safeguard your Pi. The authentic Pi Wallet is also visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo featuring the Core Team apps logo,” the alert reads.
The post Essential Tips for Pi Network Users Facing KYC Verification Challenges appeared first on CryptoPotato.
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