TL;DR
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Pi Community prolonged its KYC deadline to March 14, warning that customers who miss it might lose a few of their mined tokens.
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The group launched updates permitting minor identify and telephone quantity corrections to enhance the KYC course of, although restrictions on repeated appeals stay.
The Necessary Steering
Regardless of launching its Open Community, which made the PI token publicly accessible, Pi Community stays fairly controversial. As an illustration, it retains prolonging the deadline for customers to finish obligatory Know-Your-Buyer (KYC) verifications and migrate to the mainnet.
The method, generally known as “the Grace Interval,” was initially meant to run till the top of February earlier than being moved to March 14. As traditional, the extension sparked combined reactions throughout the group, with some members appreciating the extra time whereas others had been pissed off and described the venture as a rip-off.
Most not too long ago, Pi Community’s group suggested customers to move the procedures earlier than that date “to keep away from forfeiting most of your Pi apart from Pi mined inside the rolling window of the final 6 months earlier than your Pi is migrated.”
The builders additional warned that that is the final probability for any Pioneer to finish the required steps to keep away from shedding their previous cell balances.
Just lately, the group assured that this may be the final deadline extension. Nevertheless, some group members discover this difficult to consider, given Pi Community’s behavior of prolonging such growth for years.
Extra Recommendation
In addition to giving extra time to customers, the group behind the venture additionally issued some key updates to enhance the KYC course of.
Final month, it mentioned individuals whose Pi account identify and KYC identify don’t match would normally have their functions rejected attributable to their failure to show their possession. To repair the issue, customers ought to resubmit their functions with corrected particulars or replace their Pi account identify with a penalty of forfeiting a part of their Cell Stability.
“Eligible Pioneers embrace these whose KYC functions had been rejected attributable to identify mismatches. Nevertheless, Pioneers are eligible provided that they’ve appealed precisely one time attributable to this rejection motive, and that single enchantment was denied,” the group said on the time.
Moreover, Pi Community allowed individuals who have made minor typos when placing their telephone numbers into their Pi account to edit as much as two digits.
“Permitting solely as much as two digits to vary is to verify the telephone quantity change is not going to be exploited by coverage violators corresponding to account transfers and gross sales or hackers taking on somebody’s account,” the disclosure reads.
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