Pi Network Instigates New Comprehensive KYC

Pi KYC Is Live
Mobile-based blockchain, Pi Network, has actually introduced a brand-new detailed know-your-customer (KYC) for miners. After running a pilot-test of its native KYC option with a couple of users, Pi has released its KYC on a large scale.

The Pi Team tweeted about the start of the mass KYC on March 16. Miners’ accessibility to KYC will certainly follow a phased technique to avoid Pi’s KYC system obtaining bewildered by an inrush of applications. The KYC backend is created to balance system lots with the number of offered application slots. Each customer will certainly get a prompt in the Pi mining app once they’re qualified to use it.

Attention Pioneers. Mass KYC is being rolled out! Pi Network is releasing the KYC solution on a large scale to Pioneers around the world. Look for a pop-up in the mining app when you are eligible, or check the KYC app in the Pi Browser,” Pi Network announced.

Complying with the launch of the confined variation of its mainnet on December 29 in, 2014, Pi is now enhancing its network in preparation for the Open Mainnet stage. Throughout the encased mainnet duration, miners are required to pass KYC for them to be able to move Pi testnet coins to the mainnet.

The protocol just recently incentivized miners to boost their mining price by securing a section of their extracted Pi coins. Pi dreams of being the most widely used cryptocurrency and flaunts more than 33 million mobile miners. The Pi mobile mining app shows that the overall supply of Pi coins is set at 100 billion. While skeptics are waiting to see if Pi would total up to anything after more than 3 years of apparent development, Pi’s 33-million-strong mining community wishes it would provide good value.

What is Pi Network:

Pi Network is a unique cryptocurrency and programmer system that enables mobile individuals to mine Pi coins without draining the gadget’s battery. Pi’s blockchain protects economic purchases via a mobile meritocracy system and a full Web 3.0 experience where neighborhood developers can construct decentralized applications (dApps) for millions of users.

Pi is a new digital currency developed by Stanford PhDs, with over 35 million members worldwide. To claim your Pi, follow this link.