PI Network has announced new measures to improve the security and reliability of the platform. This time, we will explain in detail the new policy regarding account name changes and the strengthened response to clone accounts.
New Policy Regarding Account Name Changes
The PI team has announced that they will provide the following two options for cases where the name on the KYC application does not match the PI account name:
- Appeal in case of incorrect approval (no penalty)
- Account name update (20% PI Coin penalty)
Strengthening Measures Against Clone Accounts
PI Network has begun cracking down on users with multiple accounts. The system is requiring the following actions from owners of detected clone accounts:
- Self-declaration of all impersonating accounts
- Deactivation of accounts other than the main account
- Payment of penalty
Wallet Migration Progress
Wallet migration to the mainnet is steadily progressing:
- Approximately 200,000 wallets migrated per day
- Current total migrated wallets: Approximately 8.28 million wallets
- Total supply: 5.374 billion PI
- Locked supply: 3.946 billion PI
- Available supply: Approximately 1.28 billion PI
Improvement of the Reward System
The PI team has announced that they are addressing a technical issue where rewards are displayed as 0. Past unpaid rewards are expected to be redistributed soon.
Future Outlook
If the current migration pace is maintained, achieving the migration of 10 million wallets is expected by December. This is anticipated to significantly accelerate the migration process for KYC-approved accounts.