Pi Network's KYC (Know Your Customer) verification is designed to verify the identity of pioneer users, with the aim of (1) complying with relevant regulations, and (2) ensuring that peer-to-peer interactions on the mainnet are genuine and reliable. Pi Network strictly enforces the one-account-per-person policy, thus requiring highly accurate identity verification of network members to prevent individuals from illegally hoarding Pi by creating fake accounts. Completing KYC is a prerequisite for pioneer users to migrate their Pi balance from the Pi Mining app to the mainnet blockchain. The innovation of the Pi KYC solution lies in its native decentralized design, which, while protecting user privacy, achieves scalability and efficiency. The Pi KYC solution fully leverages community power and combines automated machine technology, allowing all pioneer users to participate without paying any fiat currency fees. Their labor is exchanged for Pi, demonstrating the practicality of the Pi cryptocurrency within the ecosystem. Additionally, the extensive KYC encrypted social network provided by the Pi community will make it easier to deploy and operate more Web3 services worldwide, and will empower the future world of AI proliferation by introducing human authenticity in the coming era. $PI
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Pi Network's KYC (Know Your Customer) verification is designed to verify the identity of pioneer users, with the aim of (1) complying with relevant regulations, and (2) ensuring that peer-to-peer interactions on the mainnet are genuine and reliable. Pi Network strictly enforces the one-account-per-person policy, thus requiring highly accurate identity verification of network members to prevent individuals from illegally hoarding Pi by creating fake accounts. Completing KYC is a prerequisite for pioneer users to migrate their Pi balance from the Pi Mining app to the mainnet blockchain. The innovation of the Pi KYC solution lies in its native decentralized design, which, while protecting user privacy, achieves scalability and efficiency. The Pi KYC solution fully leverages community power and combines automated machine technology, allowing all pioneer users to participate without paying any fiat currency fees. Their labor is exchanged for Pi, demonstrating the practicality of the Pi cryptocurrency within the ecosystem. Additionally, the extensive KYC encrypted social network provided by the Pi community will make it easier to deploy and operate more Web3 services worldwide, and will empower the future world of AI proliferation by introducing human authenticity in the coming era. $PI