Pi Network is a cryptocurrency that can be easily mined with a smartphone. Pi Network is composed of millions of users worldwide called Pioneers. The goal of Pi Network is to verify the identity of Pioneers so that they can participate in the main network’s blockchain and ecosystem. For this purpose, a process called KYC (Know Your Customer) is required.

KYC is a procedure to verify the identity of users. KYC is important for the network’s reliability and compliance, and also ensures fairness for all human Pioneers who are honestly mining with their accounts. By having actual verified humans participate in Pi, the network’s strength is increased, and the development of an ecosystem that gives Pi’s cryptocurrency various uses is promoted.

This article explains the changes and procedures for Pi Network’s KYC announced in January 2024. Pioneers interested in KYC should definitely refer to it.

Changes to KYC from November 2023 to January 2024

In January 2024, significant changes regarding Pi Network’s KYC were announced. These are as follows:

• KYC slots are no longer allocated randomly, and anyone can now access the KYC app from the Pi Browser and start a KYC application, except for the following two scenarios:
  • Newly created accounts cannot apply for KYC until they have mined for 30 days (not necessarily consecutive). This is so the network can prioritize KYC verification resources for more committed human Pioneers.
  • A very small number of accounts deemed fake or violating accounts by the algorithm cannot apply for KYC. If the owner of such an account believes the algorithm’s judgment is incorrect, they can fill out a form with their username to request further investigation and submission of evidence.

  In the Pi Network KYC process, data improvements and system changes like the following have been implemented since November:

  • Application Reprocessing: Reprocessing applications that were stuck due to missing data, providing an opportunity for correction.
  • Automatic Data Entry: When an ID photo is taken, the system automatically reads the ID information and enters it into the application form.
  • Data Verification: Checking for inconsistencies between the entered data and the ID photo, providing an opportunity to correct errors.
  • Data Correction: If inconsistencies or omissions are detected, the applicant is given an opportunity to correct them.

  These measures are improving the quality of applications and increasing the efficiency of verification. The improvement of the Pi Network KYC process began in November 2023. Subsequently, in January 2024, features for automatic data entry and verification were added. Further improvements, such as data correction and feedback features, are currently underway.

• Whether a “KYC Slot” popup notification appears when a new mining session starts when KYC slots are open is not the sole criterion for determining if you can apply for KYC. The popup notification is to inform you that you can apply for KYC, and it does not necessarily appear. You can check if you can apply for KYC by accessing the KYC app from the Pi Browser.

These changes are also described in detail in this article. If you have any other questions about KYC, please feel free to ask.

KYC Procedure

After starting the KYC application, you will become fully KYC’d through the following three steps:

1. Take a photo of your identification document and upload it. The identification document must be one that clearly shows your photo and name, such as a passport, driver’s license, or national ID card. The photo of the identification document must be taken in a well-lit place and be clearly readable. Also, photos of identification documents uploaded to other apps or websites cannot be reused. You must take the photo directly in the Pi KYC app.
2. Take a photo of your face and upload it. The face photo must be taken from the front so that your face is clearly visible. Face photos uploaded to other apps or websites cannot be reused. You must take the photo directly in the Pi KYC app.
3. Submit your KYC application. Once the application is submitted, the Pi KYC app will show the status “Application in Progress”. The application will be verified by human validators. Validators are trusted Pioneers selected from the Pi community. Validators check whether the applicant’s identification document and face photo match, whether the identification document is valid, whether the applicant is human, and so on. Validators choose to either approve, reject, or put the application on hold. If put on hold, the applicant may be asked to provide additional information or evidence. If the application is approved, the Pi KYC app will show the status “Fully KYC’d”. If the application is rejected, the Pi KYC app will show the status “Rejected”. If rejected, you can check the reason for rejection and reapply.

The above is the procedure for Pi Network’s KYC. You can apply for KYC by accessing the KYC app from the Pi Browser. Applying for KYC requires an internet connection and a camera. Also, applying for KYC requires time and patience. It may take several days to several weeks for the application to be approved. (The administrator waited 1 year and 2 months. Some Pioneers online have waited 3 years.) You can check the status of your application in the Pi KYC app. Once the application is completed, you will be able to participate in the main network’s blockchain and ecosystem.

Summary

Pi Network’s KYC is a process to verify the identity of Pioneers. KYC is important for the network’s reliability and compliance, and also ensures fairness for all human Pioneers who are honestly mining with their accounts. By having actual verified humans participate in Pi, the network’s strength is increased, and the development of an ecosystem that gives Pi’s cryptocurrency various uses is promoted.

In January 2024, significant changes regarding Pi Network’s KYC were announced. This means that KYC slots are no longer allocated randomly, and anyone can now access the KYC app from the Pi Browser and start a KYC application. However, newly created accounts and accounts deemed fake or violating by the algorithm cannot apply for KYC. Also, whether a popup notification appears when KYC slots are open is not the sole criterion for determining if you can apply for KYC. You can check if you can apply for KYC by accessing the KYC app from the Pi Browser.

After starting the KYC application, you will become fully KYC’d through the three steps of uploading your identification document and face photo, and submitting the application. The application is verified by human validators. If the application is approved, you will be able to participate in the main network’s blockchain and ecosystem. If the application is rejected, you can reapply.

This article explained the changes and procedures for Pi Network’s KYC announced in January 2024. Pioneers interested in KYC should definitely refer to it. If you have any other questions about KYC, please feel free to ask.