Pi Community Introduces 2 Key Updates to Enhance KYC Course of

TL;DR

  • Pi Community now permits customers to enchantment title mismatches and allows minor telephone quantity corrections to help customers in passing KYC verifications.
  • Regardless of the fixed delays and deadline extensions, the undertaking surpassed 100M downloads, with South Korea, India, and different Asian nations rising as sturdy group bases.

Options for Struggling Customers

The controversial cryptocurrency undertaking Pi Community has been round for nearly six years, however the group remains to be awaiting the launch of its native token or open mainnet. The workforce has beforehand claimed that main milestones will happen as soon as 15 million customers go essential Know-Your-Buyer (KYC) verifications and migrate to the mainnet.

The method deadline, referred to as the Grace Interval, was set for January 31 however was not too long ago moved to February 28. One cause behind the fixed extensions might be the problems that some customers expertise when attempting to abide by the foundations.

Pi Community issued key steerage to these battling the procedures previously few months. Final yr, as an illustration, it urged these to affix a devoted Telegram chat “the place there shall be mods to reply your questions.”

The workforce not too long ago launched two extra updates “which will assist unblock your KYC utility in case you take motion.” The builders stated customers whose Pi account title and KYC title don’t match would usually have their functions rejected attributable to their failure to show their possession of the account by means of KYC verification.

Nevertheless, there’s a answer to this drawback. Pi Community revealed that these customers ought to enchantment for an opportunity to resubmit their utility with corrected particulars or replace their Pi account title to their KYC’s title with a penalty of forfeiting a part of their Cell Steadiness.

“Eligible Pioneers embody these whose KYC functions had been rejected attributable to title mismatches. Nevertheless, Pioneers are eligible provided that they’ve appealed precisely one time attributable to this rejection cause, and that single enchantment was denied,” the workforce added.

Moreover, Pi Community stated it’s capable of assist customers who’ve made small typos when including their telephone numbers to their Pi account. It enabled folks to edit as much as two digits of their account telephone quantity.

“Permitting solely as much as two digits to alter is to verify the telephone quantity change is not going to be exploited by coverage violators reminiscent of account transfers and gross sales or hackers taking up somebody’s account,” the announcement reads.

The Reputation Goes up

Regardless of the controversy surrounding Pi Community and the frustration throughout its group, the undertaking retains growing its reputation worldwide. As CryptoPotato reported, the undertaking’s utility surpassed the key milestone of 100 million downloads in December final yr.

Pi Community is especially well-known in Asia, with South Korea, Vietnam, India, China, Singapore, and others turning into strongholds.

Not way back, Wu Blockchain revealed that the variety of Pi Community customers in South Korea had crossed 1.3 million, exceeding the native shopper base of main crypto exchanges like Binance and Coinbase.

Final week, Pi Information posted photographs from a Megha Occasion in India, throughout which native supporters gathered to debate the undertaking.

Pi Community has over 3.6 million followers on X. As compared, Ripple – the entity behind the cryptocurrency XRP – is trailing behind with 3 million subscribers.

The submit Pi Community Introduces 2 Key Updates to Enhance KYC Course of appeared first on CryptoPotato.

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