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Complete Guide to Pi Network’s Second Migration: Wallet Verification, KYC, and Secure Email

# Complete Guide to Pi Network’s Second Migration: Wallet Verification, KYC, and Secure Email

Pi Network has garnered global attention as a groundbreaking project enabling anyone to easily mine cryptocurrency on their smartphones. Its ecosystem is steadily evolving, reaching the crucial ‘migration’ stage where users transfer their earned Pi coins to their wallets.

You’re at the forefront of Pi Network’s evolution. Are you ready to safely guide your Pi coins to the next stage?

This article provides a comprehensive guide to the essential steps required by the latest Pi Network app update, particularly adding a secure email, completing the KYC ‘liveness test,’ and the wallet verification process. Understanding and correctly executing these steps will secure your Pi coins and build a strong foundation for participating in the future of the Pi ecosystem.

## Understanding Pi Network’s Second Migration

This section explains the concept of ‘migration’ in Pi Network and why the ‘second migration’ is currently a hot topic.

The Pi Network project has evolved through several phases. Currently, it’s in the ‘Enclosed Mainnet’ phase, focusing on verifying Pi coin utility and building the ecosystem. Pi coins are not yet listed on external exchanges but are starting to be used within the Pi app and Pi-based DApps (decentralized applications).

The ‘second migration’ refers to the process of transferring mined Pi coins from your mining balance in the Pi app to your personal mainnet wallet (Pi Wallet). This is a crucial step, transforming Pi coins from mere numbers into digital assets under your control. This migration is expected to unlock more opportunities to utilize Pi coins within the Pi ecosystem.

Wallet migration is also preparation for Pi Network’s ultimate goal: an ‘Open Mainnet,’ where Pi coins can be freely traded and used in a wider range of applications.

## Essential Steps for Securing Your Pi Coins and Migrating Your Wallet

This section details the specific actions required by the latest Pi Network app update and the steps to safely migrate your Pi coins to your wallet. Follow the in-app instructions and complete the following steps:

**Step 1: Add Your Secure Email**

You may see an ‘Add your secure email’ prompt on your Pi Network app dashboard. This is crucial for enhancing the security of your Pi account and wallet and ensuring future Pi coin migration.

* **Purpose:** Email verification enhances account security, improves account recovery, and increases the accuracy of identity verification. This is your first step in protecting your digital assets.
* **Action:** Clicking this prompt usually requires you to enter and verify your email address. Follow the instructions, enter your secure email address, and complete the verification process.

**Step 2: Complete the KYC ‘Liveness Test’**

Pi Network uses KYC (Know Your Customer) processes, including the ‘liveness test,’ to verify human users and prevent bots and fraudulent accounts.

* **Liveness Test:** This biometric test uses AI to verify you’re a real person via your camera. Record a short video following specific instructions (e.g., moving your face, blinking) to prevent fraud.
* **Importance:** Essential for maintaining the fairness and integrity of Pi Network, enhancing community trust, and building a more valuable ecosystem. Complete this test promptly if you haven’t already.

**Step 3: Verify Your Pi Wallet and Enable 2FA**

The Pi Network mainnet checklist includes ‘Pi Wallet Verification.’ You need to prove your Pi wallet is correctly set up and accessible.

* **Importance:** This establishes your Pi coin receiving location and ownership.
* **Two-Factor Authentication (2FA):** Adds an extra layer of security using a second verification method (email, etc.) in addition to your password, preventing unauthorized access.
* **Action:** Click ‘Start’ or a similar button to begin the wallet verification process. You’ll likely be prompted to enter your passphrase in the next step.

**Step 4: Manually Unlock Your Wallet with Your Passphrase**

You may be asked to manually unlock your wallet using your passphrase as part of the wallet verification process.

* **Passphrase Role and Importance:** Your Pi wallet passphrase is equivalent to a private key in other crypto wallets. It’s your sole access method and proves ownership of your Pi coins. Keep it secure and never share it.
* **Manual Unlock Meaning:** Manually unlocking with your passphrase shows the system you have full access to your Pi wallet and confirms your mainnet balance will be transferred there.
* **Action:** Accurately enter your Pi wallet passphrase and click ‘Confirm’.

**Step 5: Final Confirmation: Click the Email Verification Link**

After passphrase verification, a final confirmation link will be sent to your registered email address.

* **Email Confirmation:** A message like ‘Email confirmation sent’ will appear, and a confirmation email will be sent. Find the email from Pi Network in your inbox.
* **Final Meaning:** Clicking the link (like ‘Verify your migration wallet’) approves the wallet migration process and verifies that the associated email address is secure. You’ll see a ‘Secure email add successfully’ message upon completion.

Completing these steps doesn’t automatically migrate your Pi coins. However, it signifies the crucial preparation for safely and securely migrating them to your wallet within the Pi Network ecosystem.

## Why Are These Steps Important? The Future of the Pi Ecosystem and Security

These steps aren’t mere formalities. They’re vital for realizing Pi Network’s decentralized ecosystem and ensuring user asset security.

### Multi-Layered Security for Protecting User Pi Assets

Wallet verification, email authentication, and 2FA are multi-layered security measures protecting your Pi coins from unauthorized access and fraud. Pi Network implements these strict procedures to create a secure environment for managing digital assets.

### Contributing to Pi Network’s Fairness and a Healthy Ecosystem

KYC and liveness tests prevent fraudulent mining from bot and duplicate accounts, ensuring Pi Network is genuinely fair and human-centric. This enhances community trust and strengthens the foundation for long-term Pi coin value.

## Impact of Completing the Second Migration

These preparations allow users to manage Pi coins securely, utilize them in future DApps, and participate in the broader use enabled by the Open Mainnet transition. This process is a significant step towards Pi Network’s vision of a decentralized economy.

Pi Network strives for ease of use and fairness so everyone can benefit from crypto assets. Security and reliability are paramount.

## Conclusion: Building a Decentralized Future with Pi Network

The latest Pi Network app updates, including wallet verification, KYC, and secure email addition, are crucial steps for safely migrating your Pi coins. These aren’t just technical procedures; they’re important preparatory steps encouraging active participation in Pi Network’s decentralized and fair ecosystem.

By correctly completing these steps, you contribute to Pi Network’s evolution, secure your digital assets, and prepare to participate in the future of the Pi ecosystem.

Pi Network’s evolution continues. Stay informed via the official website and announcements, and continue building a decentralized future with your Pi coins.

We’ll continue providing information on further Pi Network usage and ecosystem updates on this blog. Bookmark it for your next learning step.

Pi Network Moves to the Next Stage: The Importance of Testnet 2 and Future Prospects

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Pi Network is showing significant progress. This article introduces the latest update, the introduction of Testnet 2, and the preparation status for the open network.

1. Current Status of Pi Network

1.1 Closed Mainnet Phase

Pi Network is currently in the closed mainnet phase. In this phase, users who meet specific conditions can now perform actual transactions and trades.

1.2 KYC Requirements and Coin Migration

To perform transactions, the following conditions must be met:

Passed the KYC (Know Your Customer) process
Owned Pi coins have been migrated to the mainnet wallet

2. Introduction of Testnet 2

2.1 Purpose of Testnet 2

Pi Network recently introduced Testnet 2. The main purposes of this new testnet are as follows:

Preparation of nodes for the open network launch
Achieving a smooth transition from testnet to mainnet
Introduction and testing of new features
Network strength verification

2.2 Distribution of Test Pi by GCOR

In Testnet 2, an entity called GCOR is distributing 100 Test Pi. This is used by third-party applications and business partners to test integration with the Pi Network.

3. Preparation for the Open Network

3.1 Selection of Partnerships

Pi Network is currently selecting partners for the open network launch, such as the following:

Cryptocurrency services
General businesses
Financial institutions
Other organizations

3.2 Node Preparation and Migration Process

Testnet 2 is designed to allow node operators to smoothly transition to the open network. This enables sufficient testing and preparation before migrating to the production environment.

4. Current Status of the Mainnet Matrix

4.1 Current Pi Migration Status

According to the Mainnet Matrix, the current status is as follows:

Pi migrated to Mainnet: Approx. 410 million
Locked Pi: Approx. 280 million
Total: Approx. 690 million Pi

4.2 Conditions for Open Network Launch

To launch the Pi Network open network, 1 billion Pi migrated to Mainnet is required. This includes both locked and unlocked Pi.

5. Future Outlook

Considering the current migration status, approximately 310 million more Pi need to be migrated before the open network launch. Pi Network aims to launch the open network by the end of 2024, and the introduction of Testnet 2 is a significant step towards that goal.

As attention focuses on the development of Pi Network, it is important for all users to continue completing the KYC process and migrating their coins. Further progress is expected towards the launch of the open network.

Pi Network Mainnet Migration Explained: The Truth About the 2024 Open Network Rumor

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Pi Network is a groundbreaking project that allows you to mine cryptocurrency using your smartphone. It is currently in the testnet phase, so actual transactions are not possible, but it is planned to migrate to the mainnet in the future.

Mainnet means that Pi’s blockchain will be publicly released, allowing anyone to participate. Once on the mainnet, Pi will be manageable and exchangeable on exchanges and wallets, just like other cryptocurrencies.

However, migrating to the mainnet requires several conditions. The development team aims to transition to the mainnet’s Open Network period in 2024, but only if the following three conditions are met. (Summarized from content posted on the official blog on December 27, 2023)

→Open Mainnet did not happen in 2024.
It was announced that it will open in Q1 2025, so please refer to this.
Pi Network [Latest Information] Mainnet Migration Decided for Q1 2025! Summary of KYC Verification and Migration Status

In this article, we will explain what the necessary conditions for Pi Network’s mainnet migration are and what Pi Network’s KYC is.

What are the necessary conditions for Pi Network’s mainnet migration?

The Pi Network development team announced that they will transition to the mainnet’s Open Network period in 2024. Open Network means that Pi’s blockchain will be publicly released, allowing anyone to participate.

However, to transition to the Open Network, the following three conditions must be met.

Condition 1: Completion of Open Network preparation work in terms of technology, product, business, and legal aspects

Achieving this condition is primarily the work of the development team. Most of this preparation work is listed in the projects also published as the V2 roadmap. This roadmap will continue to be updated.

The roadmap includes items such as the following:

Development and testing of Pi Node
Development and testing of Pi Wallet
Improvement and expansion of Pi Apps
Development and testing of Pi Platform
Optimization and testing of Pi Consensus Algorithm
Evaluation of Pi Blockchain security and performance
Education and awareness of the Pi community
Addressing Pi’s legal, regulatory, and compliance matters

Once these tasks are completed and the Pi Network is deemed ready for the Open Network, Condition 1 will be achieved.

Condition 2: Achieving the following goals in terms of KYC, Migration, and Utility Creation

Achieving this condition is primarily the work of the Pioneer community. Pioneers are users participating in the Pi Network. Pioneers need to achieve the following goals in terms of KYC, Migration, and Utility Creation.

KYC and Migration: 15 million Pioneers who have passed KYC, and 10 million Pioneers who have migrated to the mainnet.
Utility: 100 different applications that are mainnet or mainnet-compatible, comply with Pi’s platform policies, and provide genuine needs and value to the Pi ecosystem.

KYC stands for Know Your Customer, which is a necessary procedure to participate in the mainnet blockchain. To pass KYC, you need to submit your photo, identification documents, etc., using the Yoti app, which is an official partner of Pi Network. Pioneers who have passed KYC can move their Pi to their wallet when migrating to the mainnet. Although it is said that over 15 million people need to pass KYC, the administrator is hopeful as many passing reports have been coming in recently.

Migration is the process of moving from the testnet to the mainnet. To migrate to the mainnet, you need to download and install an application called Pi Node on your computer. Pi Node plays a role in participating in Pi’s blockchain, verifying transactions, and generating new blocks. Pioneers who have migrated to the mainnet become part of Pi’s blockchain and can contribute to Pi’s security and performance.

Utility is about increasing the value and use cases of Pi’s cryptocurrency. To create utility, you need to develop and use various applications using the Pi platform. You need to develop and use various applications using the Pi platform. The Pi platform is a place where you can buy and sell goods and services, accept advertisements and donations, and provide entertainment such as games and social media using Pi’s cryptocurrency. The Pi platform already has applications like the following:

Pi Lifestyle: An application where you can purchase goods such as fashion and beauty products or sell your own products using Pi’s cryptocurrency.
Pi Brainchain: An application where you can share knowledge and skills or learn using Pi’s cryptocurrency.
Pi Music: An application where you can listen to music and podcasts or publish your own works using Pi’s cryptocurrency.
Pi Games: An application where you can play games or develop your own games using Pi’s cryptocurrency.

These applications comply with Pi’s platform policies and provide genuine needs and value to the Pi ecosystem. Pi’s platform policies are the rules and guidelines that applications participating in the Pi platform must follow. Pi’s platform policies include items such as the following:

Usage of Pi cryptocurrency: Pi cryptocurrency can only be used within the Pi platform, and exchange with other cryptocurrencies or fiat currencies is prohibited.
Supply of Pi cryptocurrency: The supply of Pi cryptocurrency is determined by the Pi blockchain’s consensus algorithm, and applications cannot affect the supply of Pi cryptocurrency.
Price of Pi cryptocurrency: The price of Pi cryptocurrency is determined by the balance of supply and demand within the Pi platform, and applications cannot affect the price of Pi cryptocurrency.
Security of Pi cryptocurrency: The security of Pi cryptocurrency depends on the security of the Pi blockchain, and applications cannot affect the security of Pi cryptocurrency.
Transparency of Pi cryptocurrency: The transparency of Pi cryptocurrency depends on the public nature of the Pi blockchain, and applications cannot affect the transparency of Pi cryptocurrency.
Ethics of Pi cryptocurrency: The ethics of Pi cryptocurrency depend on the values of the Pi community, and applications cannot affect the ethics of Pi cryptocurrency.

When there are 100 of these applications, the utility of Pi’s cryptocurrency will greatly improve, and the Pi ecosystem will become more active.

Condition 3: External conditions are suitable for the Open Network

Achieving this condition is often outside the control of the development team and the Pioneer community. This includes factors such as political, economic, social, legal, and regulatory factors. These factors can affect the timing and method of migrating to the Open Network.

For example, the following situations can be considered:

Increased regulations and restrictions on cryptocurrency, increasing legal risks when participating in the Open Network.
Decreased demand and interest in cryptocurrency, reducing the incentive to participate in the Open Network.
Increased attacks and fraud on cryptocurrency, undermining the security and reliability of the Open Network.

These situations are unfavorable for migrating to the Open Network. Conversely, the following situations can be considered:

Relaxed regulations and restrictions on cryptocurrency, reducing legal risks when participating in the Open Network.
Increased demand and interest in cryptocurrency, increasing the incentive to participate in the Open Network.
Decreased attacks and fraud on cryptocurrency, improving the security and reliability of the Open Network.

The development team constantly monitors these external conditions and determines the optimal timing and method for migrating to the Open Network.

These conditions are based on Pi Network’s long-term goals and strategy and are considered achievable within 2024. By migrating to the Open Network, Pi Network can move closer to its vision of building the world’s most inclusive peer-to-peer ecosystem and online experience.

What are the necessary steps for Pi Network’s mainnet migration?

Regarding Pi Network’s mainnet migration, the following steps are required:

First, you need to pass KYC (Know Your Customer). KYC is the process by which the Pi Network operations team verifies the identity of Pioneers. For KYC, you are required to submit documents such as a photo of your face and passport using the Yoti app. Once you pass KYC, you can migrate the Pi you have mined to the mainnet.
Next, you need to check the Mainnet Checklist. The Mainnet Checklist is a list of things you can do to migrate to the mainnet, displayed on the Pi Network home screen. The checklist includes items such as the following:
- Read the Pi White Paper
- Try using the Pi Test Wallet
- Join the Pi community
- Check the Pi Roadmap
- Suggest ideas to increase Pi’s utility
- Develop a Pi App
- Set up Pi Lockup
- Migrate to Pi Mainnet
Finally, you need to perform the mainnet migration. Mainnet migration is the procedure to make the Pi accumulated in the mining app usable on the mainnet. To perform mainnet migration, the following steps are required:
- After passing the KYC review, press “Proceed to Mainnet” from the home screen.
- Press the Mainnet Checklist.
- Press “7. Migrate to Mainnet”.
- Scroll down and press “I ACCEPT”.
- Enter your wallet passphrase.

Detailed explanation with images here
https://pinetwork.masters-all.com/pinetwork-kyc%ef%bc%88%e6%9c%ac%e4%ba%ba%e7%a2%ba%e8%aa%8d%ef%bc%89%e3%81%ae%e6%96%B9%e6%B3%95%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6/

Explanation of operations after passing KYC here
https://pinetwork.masters-all.com/kyc-after/

The above is the detailed information about Pi Network’s mainnet migration. Pi Network has the potential to become a project that will go down in the history of cryptocurrency. Let’s work together towards the Open Network!

Original official blog post summarized from
2024 Update | Pi Network (minepi.com)

Latest KYC Article (FAQ) – April 2023

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I have translated the article about KYC published in April 2023 using DEEPL.
The app has been updated, and many people can now apply for KYC.
Although they applied, there were many complaints because they were stuck in an eternal waiting state for their application.
A blog post about this has been published, so I have translated it.

It seems that a “tentative approval” will be introduced to allow many KYC applications to pass.
It’s been almost half a year since the administrator submitted, so I’m looking forward to it.

Please join the Pi Network from the link below. I have explained it in detail!

https://pinetwork.masters-all.com/start/

KYC (Know Your Customer) is a procedure to first confirm a user’s identity and then verify that identity. Pi Network utilizes its own KYC solution to scalably verify the identities of millions of Pioneers worldwide and onboard them onto the Mainnet blockchain and ecosystem.

KYC is not only important for the integrity and compliance of the network, but also ensures fairness for all human Pioneers who have been honestly mining on their accounts. Achieving this goal is crucial because real verified humans on Pi contribute to the network’s robustness and simultaneously facilitate the development of various apps for a utility-based ecosystem.

Over the past year, the Pi KYC software has been continuously updated to enable more Pioneers to apply, address various corner cases in the application process, and verify the identities of millions of Pioneers in preparation for Mainnet migration while protecting the network’s integrity. The overall KYC progress of the network remains a top priority for the community, including the Core Team, Validators, and Pioneers, and is also one of the two main goals for the Enclosed Network period of the Mainnet phase.

During the recent Pi Day celebration, a major software update for the KYC app was also released and introduced in the Pi Day 2023 announcement. We provide the following FAQ to elaborate on the Pi Day KYC announcement and comprehensively support Pioneers on their KYC journey.

KYC FAQs
Do I still need to get a KYC slot randomly assigned by the system?

No, unless you fall into the following two scenarios, you should be able to access the KYC app via the Pi Browser and start your KYC application without waiting for an invitation. The allocation of KYC slots by invitation was only used in the past, and the process has been updated so that anyone can start.

Newly created accounts cannot apply for KYC verification immediately until they have mined for 30 days (not necessarily consecutive). This allows the network to prioritize KYC verification resources for more dedicated human Pioneers who have mined a sufficient balance to make it meaningful to go through KYC and migrate to Mainnet.

A very small number of accounts identified by the algorithm as likely fake accounts or accounts with violations are not eligible for KYC. If such account owners believe there is an algorithmic error, they must submit their username by filling out this form (https://minepi.com/kyc-application-access) for further investigation and proof otherwise. Based on the submission, further investigation can be conducted.

Will I still see a “KYC Slot” pop-up notification when starting a new mining session, even if KYC slots are open?

The “KYC Slot” pop-up will appear, but Pioneers should not use the KYC pop-up notification as the sole means of knowing whether they are eligible to start a KYC application. Pioneers should check their KYC eligibility directly in the KYC app on the Pi Browser (KYC.PI). Simply open the Pi Browser and navigate to the KYC app. Please use the pop-up notification as a reminder, not an invitation.

Now that Pi KYC is available to everyone, how do I apply for KYC?

Applying for KYC requires downloading the Pi Browser. You can access KYC from the Pi KYC app in the Pi Browser. Be sure to have your relevant identification documents ready!

Pioneers are encouraged to check their KYC eligibility directly in the KYC app on the Pi Browser.

Tentative KYC Approval: What does it mean? What is required to pass? How long does it take?

The Tentative KYC program, which does not apply to the majority of the network, requires additional verification checks before a Pioneer can fully pass KYC. Since tentative KYC approval is not the same as full KYC approval, it does not yet unlock features that require full KYC approval (e.g., becoming a Validator, migrating to Mainnet) until full KYC approval is confirmed by the additional checks. However, tentative KYC approval brings the account significantly closer to full approval.

The reason for the selective Tentative KYC program is to ensure the integrity of the network by allowing as many real human Pioneers as possible to pass KYC, while simultaneously catching and preventing as many fake and bot accounts as possible. This is not only important for the network but also fair to all human Pioneers who are honestly mining on their accounts.

The specific additional verification steps may vary depending on the individual case, and the time required for their completion may also vary. Factors influencing timing include the volume of KYC applications being processed, the availability of human validators in that region, the complexity of the application, and the type of additional checks applied to tentative KYC cases.

If my KYC status is “Tentative Approval,” how long will it take to finally become “KYC Passed”?

The duration of the tentative approval status is case-by-case and depends on the scope and type of additional verification required. One of the priorities for the KYC app in Q2 2023 is to iteratively apply such additional checks to tentative KYC cases.

If my KYC status is “Tentative Approval,” can I migrate to Mainnet?

No, you cannot migrate to Mainnet unless you have fully passed KYC.

What screens will I see in the KYC app after submitting my KYC?

After submitting a KYC application, Pioneers can expect to see several different screens in the KYC app. Pioneers may see a screen indicating that their application is “In Review.” If the KYC application is tentatively approved (meaning it has been approved by Validators pending additional checks), Pioneers will see a “Tentative Approval” screen.

If the additional checks further confirm the authenticity of the data and account, Pioneers will see a “KYC Passed” screen. For the vast majority of applications that are not subject to tentative approval, if accepted, they will see the “KYC Passed” screen directly without additional checks.

As previously announced, submitted KYC applications may be approved within 15 minutes if everything is submitted correctly and there are no name appeals. Are such cases still happening?

Yes, this case remains true as long as Pioneers correctly fill in the required fields and there is an abundance of human validators in their country or region.

When will KYC Validators be able to review name change appeals?

For Pioneers who have submitted a name change appeal (for minor updates), it will either be resolved solely by machine automation or with the help of human validators. In the first case, the block to proceed with the KYC process has already been removed. For the second case, it is expected that human validators will be able to review name change appeals in Q2 of this year, after additional checks for tentative KYC applications and validator performance analysis.

My KYC has been approved, but it is not reflected in the Mainnet Checklist Step 6. When can I start migrating?

The Core Team is aware of this issue affecting some users and is working to resolve the data synchronization issue with the Mainnet Checklist in Q2 of this year. In general, for the most accurate KYC status, always rely on the Pi KYC app.

Overall, why does Pi Network require KYC before Mainnet migration?

Pi Network’s vision is to build an inclusive and most widely distributed digital currency and ecosystem for all Pioneers. Pi Network’s mining mechanism is based on a social network and relies on the contributions of real Pioneers. Therefore, Pi has a strict policy of one account per person.

This requires a high degree of accuracy in proving that members within the network are real humans, preventing individuals from unfairly creating fake accounts to hoard Pi. Thus, KYC helps ensure the true humanity of the network, in addition to complying with anti-money laundering and anti-terrorism regulations.

Only those who pass Pi KYC can migrate to the Pi Mainnet. This blockchain is an identity-verified, compliant, and utility-driven ecosystem where Pioneers can start using Pi for real goods and services.

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