The Pi Network team has announced the implementation of upgrades to simplify verification and increase the pace of its Mainnet migration. This comes before the token unlock happening this December.
Pi Network Integrates AI Tools to Boost KYC Process
In a recent blog post, the Pi team said it has improved its KYC process with the same AI technology as Fast Track KYC. This will cut the number of applications waiting for human review by 50%. As a result, more Pioneers will be able to reach Mainnet eligibility sooner.
Fast Track KYC was first introduced in September to help new and non-users set up a Mainnet wallet. This was in an effort to reduce the long wait times caused by the previous rule. The old rule required completing 30 mining sessions before qualifying for verification.
Fast Track cannot enable migration on its own. However, it is now fully part of the Standard KYC process which allows access to Mainnet.
This comes at a time when the network is set for another unlock in December. About 190 million tokens will unlock worth approximately $43 million at current estimates.
These updates will help more Pioneers finish their migration faster especially when there are fewer validators available. This integration allows Pi’s validation resources to serve as a platform utility. In the future, applications that need identity verification or human-verified participation can use this system.
Team Releases Validator Rewards Update
The Pi Network team provided an update about validator rewards. They expect to distribute the first rewards by the end of Q1 2026. This delay happened because they needed to analyze a large amount of data collected since 2021.
Currently, 17.5 million users have completed the KYC process, and 15.7 million users have moved to the Mainnet.
However, there are around 3 million users on the network who are not fully verified yet. These users need to complete additional checks to confirm their status. The team is asking these users to finish any remaining steps.
In a related development, the Pi Network has been included in the European Union’s MiCA framework. This is a prerequisite for entering the highly regulated crypto markets of Europe.
They also announced a new partnership with CiDi Games that aims to integrate Pi into Web3 gaming experiences. This opens a world of even better quality, Pi-enabled interactive content for the Pioneers.
Source: https://coingape.com/pi-network-update-team-launches-ai-tools-to-boost-kyc-and-mainnet-migration-for-investors/
