{"id":252850,"date":"2024-11-20T08:00:01","date_gmt":"2024-11-19T23:00:01","guid":{"rendered":"https:\/\/pinetwork.masters-all.com\/?p=252850"},"modified":"2024-11-20T08:00:01","modified_gmt":"2024-11-19T23:00:01","slug":"pi-network-kyc-mainnet-migration-2024","status":"publish","type":"post","link":"https:\/\/pinetwork.masters-all.com\/english\/pi-network-kyc-mainnet-migration-2024\/","title":{"rendered":"The Importance of Completing KYC and Mainnet Migration"},"content":{"rendered":"<h2>Important Announcement<\/h2>\n<p>Pi Network has announced important updates towards the launch of the Open Network. All Pioneers (Pi Network users) must complete the necessary procedures by the following deadlines:<\/p>\n<ul>\n<li>KYC (Identity Verification) Completion Deadline: November 30, 2024<\/li>\n<li>Mainnet Migration Deadline: December 31, 2024<\/li>\n<\/ul>\n<h2>Details of Required Procedures<\/h2>\n<h3>1. KYC (Identity Verification) Procedure<\/h3>\n<p>The steps for applying for KYC are as follows:<\/p>\n<ul>\n<li>Tap &#8216;Submit KYC&#8217; from the app&#8217;s main screen<\/li>\n<li>Enter required personal information<\/li>\n<li>Upload photos of your identification document<\/li>\n<li>Take a selfie for identity verification<\/li>\n<li>Review all information and submit the application<\/li>\n<\/ul>\n<h3>2. Mainnet Migration Process<\/h3>\n<p>There are 9 steps for migrating to Mainnet, all of which must be completed:<\/p>\n<ul>\n<li>Access the checklist from the &#8216;Migrate to Mainnet&#8217; button<\/li>\n<li>Set up and confirm your wallet<\/li>\n<li>Securely store your passphrase<\/li>\n<li>Sign the token authentication<\/li>\n<li>Complete other necessary steps<\/li>\n<\/ul>\n<h2>How to Check Progress<\/h2>\n<p>You can check the progress of the checklist within the app:<\/p>\n<ul>\n<li>Green indication: Item completed<\/li>\n<li>Purple indication: Item not completed<\/li>\n<\/ul>\n<h2>Important Notes<\/h2>\n<p>Special attention is required for the following points:<\/p>\n<ul>\n<li>Completing KYC alone is not sufficient<\/li>\n<li>If you do not complete all procedures by the deadline, your held coins may be forfeited<\/li>\n<li>Always store your passphrase in a safe place<\/li>\n<\/ul>\n<h2>Frequently Asked Questions (FAQ)<\/h2>\n<h3>Q1: How long does it take for KYC to be approved?<\/h3>\n<p>It varies depending on the validator&#8217;s status, but it may take from a few days to several weeks. Early application is recommended.<\/p>\n<h3>Q2: What can I do after migrating to Mainnet?<\/h3>\n<p>After the Open Network launches, the following will be possible:<\/p>\n<ul>\n<li>Trading with other cryptocurrencies<\/li>\n<li>Trading with fiat currency<\/li>\n<li>Transactions within the Pi Network ecosystem<\/li>\n<\/ul>\n<h2>Troubleshooting<\/h2>\n<p>How to handle the following cases:<\/p>\n<ul>\n<li>If the app crashes: Try reinstalling the app<\/li>\n<li>If the KYC application results in an error: Try again after 24 hours<\/li>\n<li>If the checklist is not displayed: Check for app updates<\/li>\n<\/ul>\n<h2>Future Outlook<\/h2>\n<p>Pi Network is steadily preparing for the launch of the Open Network. Important details such as pricing are expected to be announced at the time of the Open Network launch.<\/p>\n<h2>Summary<\/h2>\n<p>All Pioneers are encouraged to complete the necessary procedures as soon as possible. Addressing these tasks well before the deadline will enable a smooth Mainnet migration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Important Announcement Pi Network has announced important updates towards the launch of the Open Network. All  [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":252749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[804,29,33,25,3],"class_list":["post-252850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pinetwork","tag-deadlines","tag-kyc","tag-mainnet-migration","tag-open-network","tag-pi-network"],"_links":{"self":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/posts\/252850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/comments?post=252850"}],"version-history":[{"count":0,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/posts\/252850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/media?parent=252850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/categories?post=252850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pinetwork.masters-all.com\/english\/wp-json\/wp\/v2\/tags?post=252850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}