{"id":41577,"date":"2025-02-04T14:37:24","date_gmt":"2025-02-04T14:37:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41577"},"modified":"2025-02-04T14:37:24","modified_gmt":"2025-02-04T14:37:24","slug":"pi-network-introduces-2-key-updates-to-improve-kyc-process","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41577","title":{"rendered":"Pi Network Introduces 2 Key Updates to Improve KYC Process"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Pi Network now allows users to appeal name mismatches and enables minor phone number corrections to assist users in passing KYC verifications.
\nDespite the constant delays and deadline extensions, the project surpassed 100M downloads, with South Korea, India, and other Asian countries emerging as strong community bases.<\/p>\n

<\/a><\/span><\/h2>\n

Solutions for Struggling Users<\/h2>\n

The controversial cryptocurrency project Pi Network has been around for almost six years, but the community is still awaiting the launch of its native token or open mainnet. The team has previously claimed that major milestones will occur once 15 million users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet.\u00a0<\/span><\/p>\n

The <\/span>process<\/span> deadline, known as the Grace Period, was set for January 31 but was recently <\/span>moved<\/span><\/a> to February 28. One reason behind the constant extensions could be the issues that some users experience when trying to abide by the rules.<\/span><\/p>\n

Pi Network issued key guidance to those struggling with the procedures in the past few months. Last year, for instance, it <\/span>urged<\/span><\/a> those to join a dedicated Telegram chat \u201cwhere there will be mods to answer your questions.\u201d<\/span><\/p>\n

The team recently <\/span>introduced<\/span><\/a> two additional updates \u201cthat may help unblock your KYC application if you take action.\u201d The developers said users whose Pi account name and KYC name do not match would <\/span>normally<\/span> have their applications rejected due to their failure to prove their ownership of the account through KYC verification.<\/span><\/p>\n

However, there is a solution to this problem. Pi Network revealed that those users should appeal for a chance to resubmit their application with corrected details or update their Pi account name to their KYC\u2019s name with a penalty of forfeiting part of their Mobile Balance.\u00a0<\/span><\/p>\n

\u201cEligible Pioneers include those whose KYC applications <\/span>were rejected<\/span> due to name mismatches. However, Pioneers are eligible only if they have appealed exactly <\/span>one time<\/span> due to this rejection reason, and that single appeal <\/span>was denied<\/span>,\u201d the team <\/span>added<\/span><\/a>.<\/span><\/p>\n

Additionally, Pi Network said <\/span>it\u2019s able to<\/span> help users who have made small typos when adding their phone numbers to their Pi account. It <\/span>enabled<\/span> people to edit up to two digits of their account phone number.<\/span><\/p>\n

\u201cAllowing only up to two digits to change is to make sure the phone number change will not <\/span>be exploited<\/span> by policy violators such as account transfers and sales or hackers taking over someone\u2019s account,\u201d the announcement reads.<\/span><\/p>\n

The Popularity Goes up<\/span><\/h2>\n

Despite the controversy surrounding Pi Network and the frustration across its community, the project keeps increasing its popularity worldwide. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the project\u2019s application surpassed the\u00a0<\/span>major<\/span> milestone of 100 million downloads in December last year.<\/span><\/p>\n

Pi Network is particularly well-known in Asia, <\/span>with<\/span> South Korea, Vietnam, India, China, Singapore, and others <\/span>turning into<\/span> strongholds.<\/span>\u00a0<\/span><\/p>\n

Not long ago, Wu Blockchain <\/span>revealed<\/span><\/a> that the number of Pi Network users in South Korea had crossed 1.3 million, exceeding the local client base of leading crypto exchanges like Binance and Coinbase.<\/span><\/p>\n

Last week, Pi News <\/span>posted<\/span><\/a> photos from\u00a0a Megha Event in India, during which local supporters gathered to discuss the project.\u00a0<\/span><\/p>\n

Pi Network has over 3.6 million followers on X. In comparison, Ripple \u2013 the entity behind the cryptocurrency XRP \u2013 is trailing behind with 3 million subscribers.\u00a0<\/span><\/p>\n

The post Pi Network Introduces 2 Key Updates to Improve KYC Process<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network now allows users to appeal name mismatches and enables minor phone number corrections to assist users in passing KYC verifications. Despite the constant delays and deadline extensions, the project surpassed 100M downloads, with South Korea, India, and other Asian countries emerging as strong community bases. Solutions for Struggling Users The controversial cryptocurrency […]<\/p>\n","protected":false},"author":0,"featured_media":41578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41577"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41577"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41578"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}