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Cryptocurrency News Articles

Pi Network Moves Closer to Open Network Phase, Addresses KYC Challenges and Scams

Jan 11, 2025 at 06:26 am

Pi Network is working toward achieving its open network phase, with a requirement for 15 million users to complete KYC verification and migrate to the mainnet

Pi Network Moves Closer to Open Network Phase, Addresses KYC Challenges and Scams

Pi Network users are eagerly awaiting the completion of the KYC verification process, which will pave the way for the 15 million users to migrate to the mainnet by Jan. 31, 2025, a crucial step toward the network's open phase. So far, over 9 million users have successfully migrated.

However, some users are encountering difficulties in completing the necessary steps. To streamline the process and ensure a smooth migration for all users, Pi Network has provided detailed instructions.

The team has highlighted the importance of completing liveness checks, signing the token acknowledgment, and addressing any pending actions in the Mainnet Checklist.

Delays In KYC Results, Migration To Be Addressed By Pi Network Users

Pi Network developers noted that incomplete user actions often contribute to delays in KYC results and migration. For instance, some individuals may be required to complete additional liveness checks.

These checks involve submitting clear video footage in well-lit conditions to verify identity. The team urged users to follow the prompts in the app and ensure they meet all requirements.

Meanwhile, all users must sign the token acknowledgment, including those still awaiting KYC results. This step ensures their eligibility for mainnet migration. Developers also advised users to regularly review the Mainnet Checklist to secure their accounts and prepare for the migration.

Tips To Stay Vigilant Against Scams As Pi Network Completes KYC, Migration

The rapid growth of Pi Network, boasting over 100 million downloads, has inevitably attracted scams targeting its community. In response, the team has issued critical warnings to help users protect their accounts.

Users are strongly encouraged to trust information shared only through Pi Network's official channels. The project has created a safety page to list verified sources and URLs for easy reference.

It's essential to access the Pi Wallet exclusively through the Pi Browser. The official wallet is easily identifiable by the purple navigation bar and the presence of the Core Team logo. Any deviations from these indicators may suggest fraudulent activity.

News source:coinchapter.com

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