Pi Network KYC Deadline Approaches: Secure Your Coins by Jan 31

Pi Network reminds users to complete KYC and migrate to the Mainnet by January 31, 2025, to avoid losing access to mined Pi coins. Only 13 million users are verified out of over 100 million globally.

Pi Network Mainnet Update: Act Now to Secure Your Coins

The Pi Network Core Team has issued a critical reminder to its user base of over 100 million regarding the fast-approaching deadline for completing the Know Your Customer (KYC) process and migrating to the Pi Mainnet. As announced on January 5, 2025, users have until January 31, 2025, to comply, or they risk forfeiting access to most of their mined Pi coins.

Importance of KYC for Pi Network

The KYC process is integral to ensuring the integrity and legitimacy of the Pi Network ecosystem. It confirms user identities and prevents fraudulent or automated accounts from undermining the network’s trustworthiness.

Failure to complete KYC will result in most Pi holdings being rendered inaccessible. This measure is part of the Core Team’s ongoing effort to maintain a secure and reliable platform for genuine users.

The Current State of KYC Compliance

Despite the urgent reminders, only 13 million users were verified as of August 2024, representing a small fraction of the network’s global user base. While verification rates have improved since then, millions of Pioneers are still at risk of losing their Pi coins.

Recent efforts by the Pi Network have included:

• Unblocking 1.2 million accounts: Previously stalled KYC applications have been reactivated, allowing more users to proceed with the verification process.
• Expanding Validator Base: The Core Team has invited already-verified users to become validators, accelerating the KYC process for others.

Call to Action

With less than a month left, the Core Team urges all Pioneers to act promptly to avoid forfeiting their mined coins. The six-month rolling window to complete KYC and migrate to the Mainnet is a strict deadline. Users who miss it will lose access to most of their Pi holdings, effectively nullifying their efforts in mining.

How to Complete Your KYC and Migrate to the Mainnet

1. Access the Pi Network App: Navigate to the KYC section within the app.
2. Submit Required Documents: Upload the necessary documents for identity verification.
3. Validate Your Identity: Await confirmation from network validators.
4. Migrate Your Coins: Follow the steps outlined in the app to transfer your Pi coins to the Mainnet wallet.

Conclusion

The Pi Network’s transition to the Mainnet is a monumental step for its community. To ensure the security of their Pi coins, users must prioritize completing the KYC process before the January 31 deadline. Delays could result in the permanent loss of hard-earned cryptocurrency, and the Core Team emphasizes immediate action to safeguard these digital assets.

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