Pi Network Mainnet Team Insists KYC Deadline Remains Jan 31

The Pi Network's core team has issued a critical reminder to its users regarding the impending deadline for completing the Know Your Customer (KYC) process and migrating to the Pi Mainnet.

The Pi Network mainnet team has announced that the KYC (Know Your Customer) deadline will remain January 31, 2025. This critical reminder serves to notify users of the impending migration to Pi Mainnet, which will be accompanied by a rolling six-month window for completing KYC.

As the deadline approaches, users are urged to take immediate action to avoid losing access to the majority of their mined Pi coins. The KYC process is designed to verify the identity of users and ensure compliance with anti-fraud measures. It requires users to provide personal information such as full names, addresses, dates of birth, and identification documents. The primary goal is to eliminate accounts created through fraudulent or automated means, thereby maintaining the integrity of the network.

Currently, only about 18 million out of over 100 million users have completed their KYC verification. This indicates that a significant number of users are at risk of losing their hard-earned Pi coins if they do not act promptly. The core team has emphasized that after January 31, those who fail to complete KYC within a rolling six-month window will forfeit most of their Pi holdings.

Consequences of missing the deadline can include:

Loss of coins, as most mined Pi coins will be rendered inaccessible.

Potential erosion of trust in the network if users are unable to secure their coins.

A large number of forfeited coins could tarnish Pi Network’s reputation and deter new users from joining.

Lower participation rates if potential users perceive the process as overly complicated or unreliable.

The core team is urging all Pioneers to act immediately in order to secure their participation in the Mainnet and safeguard their mined Pi coins before it’s too late.

To address the bottleneck in KYC verification, about 1.2 million Pioneers who were previously unable to proceed with their KYC application have been unblocked in just the past few months. To assist these users, the Pi team has also invited existing verified users to become validators. The team is encouraging users to act immediately to ensure their migration to the Mainnet, securing the full value of their Pi holdings.

With less than a month remaining, Pioneers are encouraged to take immediate steps to secure their participation in the Mainnet and safeguard their Pi coins.

Here's how to complete your KYC verification and ensure you don't lose your Pi coins:

Prepare valid identification (like a driver’s license or passport) and proof of address.

Visit the KYC Portal: Log into your Pi Network account and navigate to the KYC section.

Fill in Your Information: Enter your full name, date of birth, and residential address accurately.

Upload Your Documents: Provide clear copies of your IDs and proof of residence.

Wait for Verification: Be patient as the verification process may take some