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Pi Network has highlighted the importance of signing the token acknowledgment for all users, also known as Pioneers, as the network prepares for its transition to the Mainnet.
This step is crucial, even for those still awaiting the results of their Know Your Customer (KYC) checks.
The token acknowledgment serves as a formal agreement that allows users to participate in the migration process to the Mainnet.
Importance of KYC checks
The KYC process is essential for verifying the identity of users within the Pi Network ecosystem. It ensures compliance with regulatory requirements and helps maintain a secure environment for transactions.
READ ALSO: Pailot on Pi Network adds further functions to enhance user experience
To be eligible for migration to the Mainnet, users must complete their KYC checks. Delays in processing KYC applications can occur if users have not completed all necessary actions within the app, which may include additional identity verification steps such as liveness checks.
Liveness checks and verification process
Liveness checks are a critical component of the KYC process, designed to confirm that the person undergoing verification is physically present and not using a static image or video. To ensure successful completion of these checks, Pi Network advises users to perform them under optimal conditions—specifically, with clear video quality and proper lighting. This attention to detail can significantly reduce delays in obtaining KYC approval.
Mainnet migration preparation
In addition to signing the token acknowledgment and completing KYC checks, Pioneers are encouraged to follow prompts provided in the Mainnet Checklist within the app. This checklist outlines necessary actions that need to be taken before transitioning to the Mainnet.
By adhering to these guidelines, users can ensure they are fully prepared for a seamless migration once it becomes available.
READ ALSO: Zypto sets to launch Pi Network wallet for users
Pi Network urged all Pioneers to sign the token acknowledgment as part of their preparation for migrating to Mainnet, regardless of their current KYC status. Completing this step along with other required actions will facilitate a smooth transition and help avoid any potential delays
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