A major update has been implemented for the Pi Network’s KYC system, bringing improvements that are good news for many Pioneers. This article provides a detailed explanation of the latest update content and future developments.
Source Summary: From the Official Blog
https://minepi.com/blog/kyc-update-dec-2024/
Key Update Details
Over the past two months, the KYC application blocks for approximately 1.2 million Pioneers have been lifted. This allows for the resubmission of applications that were previously rejected due to process issues or errors.
Specific Improvements
- Approximately 250,000 people can resubmit applications
- Unblocked 200,000 temporarily approved KYC applications
- Over 122,000 are currently being reprocessed
Future Improvement Plans
The development team is working on the following initiatives for further improvements:
Enhancement of the Temporary Approval Process
A new method considering scalability is under development, which is expected to enable more efficient processing of a larger number of KYC applications.
Handling Account Name Mismatches
A clear notification system will be implemented for issues related to the real name requirement and cases where there is a mismatch with the KYC-verified ID.
Current Status and Challenges of KYC Validators
Currently, while the demand for KYC validators is high, there is a challenge where the actual number of reviews is limited. System improvements are underway to create an environment where more validators can work efficiently.
About Validation
What is Pi Network Validation? A Thorough Explanation from How to Participate to Review Tips
Towards Mainnet Migration
Completing KYC is essential for migrating to the Mainnet. We ask all Pioneers to take the following actions:
- Check KYC status
- Take necessary actions
- Inform your referral team
Summary
The Pi Network’s KYC system is steadily improving, allowing more Pioneers to complete the process smoothly. Further improvements are expected towards the Open Mainnet.