Step-by-step guide on how to complete your KYC on the Pi Network
In this article, we’ll show you how to go about your KYC on the Pi Network. The things to expect, documents you’re required to provide, how to know if your application is successful and how to be a validator.
Disclaimer: The opinions expressed in this article are those of the author. They do not reflect the opinions or views of Pi Bible and the Pi Core Team.
Introduction
People can say a lot of things about the Pi Network.
However, no one can say the Pi Core Team (PCT) hasn’t been thorough in all they do.
Starting from their processes, to their product design, down to the community they created etc. Everything has been close to perfect so far.
Most importantly, their resourcefulness is evident in their KYC solution.
The PCT developed one of the largest scalable KYC solutions in the world using community members, and it supports every country on the Pi Network.
Also, they made sure Pioneers did not pay a dime in fiat to get verified.
Which, in my opinion, is an outstanding feat.
Considering the fact that there are 33 million+ members on the network
One of the major reasons for KYC is to separate fake accounts from real accounts and to build a complete blockchain ecosystem.
In addition, remember that the enclosed mainnet period is a buffer for all Pioneer to do their KYC.
This way, you can migrate your Pi tokens to your wallet in the mainnet phase.
At this point, I want to believe you’ve completed your mainnet checklist. If you haven’t, you can read a guide on how to do it here.
Without further ado, let’s jump right in.
What is KYC?
For those that are not familiar with the term, KYC means Know Your Customer or Client.
This check is often mandatory and it is used to identify and verify the identity of any customer or client before they open an account.
In other words, Pi carries out this verification to ensure all pioneers are who they claim to be.
Is Pi’s KYC Safe?
To some, especially core crypto faithfuls, they believe PI’s KYC protocol breaches the principle of anonymity of all crypto.
However, the case is a little different for Pi.
First, the Pi Core Team has to ensure that every Pi mined goes to the genuine users.
Without KYC, identity theft will be rampant and the real Pioneers will be left in the lurch.
Also, the Core Team has mechanisms in place to ensure the Pioneers’ data are kept safe and does not fall into the hands of 3rd party agents or people with malicious intentions.
How to complete your KYC
Check for KYC eligibility
The first step is to check if you are eligible for KYC.
If you’re lucky, you will get a KYC notification like this.
If you get this notification,
- Tap “Open Pi Browser” to start
However, if you don’t get this notification, there are other ways for you to check if you’re eligible.
- From your home screen, navigate to your Pi Browser
- Tap “kyc.pi“
If you are eligible, you’ll see a page requesting permissions like this,
- Tap allow
If you don’t get the above notification, you’ll get the one below.
However, if you aren’t eligible, kindly exercise patience, as you’ll get a slot as soon as possible.
Now that you have been selected, a hearty congratulations to you.
You’re almost at the promise land, so let me help you get there.
Validate your identity
On the KYC welcome page;
- Select the country on your ID to start,
- In the next section, you can either search and add your country of location or tap the dropdown and scroll to the country on your ID.
After choosing your country, you need to select your ID type.
Note: The ID type on the dropdown varies for each country. For this guide, the types of ID presented here are peculiar to Nigeria, Africa.
- In this regard, tap the dropdown and choose the appropriate ID you want to KYC with.
Data collection during KYC
- Next, tap the two checkboxes to give Pi Network consent to collect your data and to confirm your age.
- When you tap the first checkbox — i.e. the consent checkbox — a data collection consent page will pop up.
I advise you read everything carefully.
- Once you’re satisfied with the terms and conditions, tap “I agree“
- Next, tap the following checkbox to confirm you’re above 18 years, as stated on your ID
- If you want to read more about the KYC process, tap on “Learn more” A popup will appear providing more information about the vision of Pi Network.
- If you are satisfied with the terms and conditions, proceed by tapping “Let’s go“
The estimated completion time for the entire KYC process is 5 minutes.
In addition, you’ll pay 1 Pi as a fee for using the KYC solution. This charge will apply when you move your Pi to mainnet.
What you need for KYC
Some documents you’ll need are:
- A picture of your means of identification.
- You’ll have to fill out a form that matches the information on your ID.
- You’ll have to confirm your identity matches what’s on your ID card.
Follow the next prompt. It will lead you to a page where you’ll have to take a portrait picture of your ID
Ensure you follow the rules on how to take the ideal ID picture. A bad picture may negatively affect your verification.
- To proceed, tap “I’m ready“
After tapping “I’m ready” you have to set permission requirements to allow Pi Browser access pictures and record video on your phones.
- Tap “Allow” When the Pi Browser prompt asks for permission to take pictures and record video on your mobile.
Take a photo of your ID
This is a very important phase of your KYC process, so make sure it’s perfect.
- Tap the “Add front photo” button to take a picture of the front page of your ID.
Note: To verify some IDs, you need to take a front and back photo of it. While for some, you just have to take a front photo only. This largely depends on the kind of ID you are submitting.
Fill out your personal details
On this page, you’ll have to enter your personal details, like your name, address, date of birth and other vital details as seen on your ID.
Ensure you enter each data in the exact language that’s on your ID.
- Make sure you fill out the details correctly and tap “Next step”
Liveness Check
The next step is to perform a liveness check.
This requires you take a live video of yourself, to confirm your identity matches what is on your ID.
- Once you tap “I’m ready,” follow the instructions on the screen, stay in a well-lit place and ensure your face is fully visible.
The next page will take you to the liveness text.
- Tap “Start recording,”
Note that the app will not record any audio during this process.
Once you start recording, the app will automatically take your video and it’ll take you to a confirmation page.
On this page, you have to go through — and confirm — every detail you entered previously.
When you are sure everything is correct
- Tap “Next“
Application review
The next phase allows you to review your entire application.
Pi Network’s KYC machine automation will automatically match the data you entered with that on your ID.
However, if the machine can’t detect your data, Pi Network will share some details with crowd-sourced validators from the Pi community to process such data.
Don’t worry, your data is in safe hands.
The crowd-sourced validators can either see your face, or some parts of your ID, as the text will be censured or obscured.
At no point in time will they — the validators — see both.
Nevertheless, the Pi Core Team can see both data as they use it to improve the overall performance of the KYC solution.
If you are satisfied with the data you’ve entered
- Tap the pop-up button “Yes, Data is accurate”
Completing the process
Once you do this, you’ll see a page congratulating you on successfully submitting your KYC application.
- Tap “See status” to know if the process was successful or if you need to re-edit your information and resend.
When you tap “See status,” navigate to the next page where you’ll see your application is under review
Note: just like we stated earlier, you have to pay 1 Pi when your tokens enter your wallet in mainnet.
- Tap “Submit and pay“
If your KYC is successful, you’ll get a notification screen like this
Becoming a Validator
- If you wish to become a validator — i.e. validate the identity of other Pioneers in your region — tap “Become a validator.”
Before you become a validator, you’ll undergo a quick training.
For security purposes, we won’t be posting the training here.
After the training, you’ll have to pass a quiz to ensure you know what it takes to be a validator.
Note that you can only validate applications from your country of residence alone.
When all these are done, tap “Get started” to start validating others.
Final notes
Passing KYC is just as essential as completing your mainnet checklist. Without these, you can’t migrate your hard-earned tokens to mainnet, which will deprive you from bartering — exchanging goods and services for Pi — on the network.
Most importantly, if you don’t pass KYC, you won’t enjoy the perks other Pioneers will get when the PCT lifts the mainnet firewall.
Editors Note:
Getting your Pi will also allow you to purchase goods and services on the Pi Bible marketplace. Keep in mind that Pi Bible works in line with the vision and rules that guide the Pi Network, so we don’t exchange Pi for Fiat.
Pi Network KYC FAQs
KYC or “Know Your Customer” is a procedure to first identify and then verify user identities. Pi Network utilizes a proprietary KYC solution to scalably verify the identity of millions of Pioneers all over the world to onboard them to the Mainnet blockchain and ecosystem.
Not only is KYC important for the integrity of the network and compliance, but also it makes sure that it is fair for all human Pioneers who have been honestly mining in their own accounts. Achieving this goal is critical because real verified humans on Pi will contribute to the robustness of the network while encouraging the development of various apps for a utility-based ecosystem.
Over the past year, the Pi KYC software has been continuously updated to allow more and more Pioneers to apply, address many different corner cases in the application process, and verify identities of millions of Pioneers to prepare them for their Mainnet migration, while safeguarding the integrity of the network. The KYC progress of the whole network will remain a top priority of the community including the Core Team, Validators and Pioneers, and one of the two primary goals of the Enclosed Network period in the Mainnet Phase.
In the recent celebration of Pi Day, a major software update in the KYC app was also released and introduced in the Pi Day 2023 announcement. We’re providing the following FAQs to elaborate on the Pi Day KYC announcement and overall assist Pioneers on their KYC journey.
KYC FAQs
Do you still need to get a KYC slot randomly assigned by the system?
No, anyone except the two scenarios below should be able to visit the KYC app via Pi Browser and start your KYC application without waiting for an invitation. The invitation-based KYC slots assignment was only used in the past, and the process has been updated to allow anyone to start.
Newly created accounts will not be able to immediately apply for KYC verification, until after mining for 30 days (no need to be consecutive). This helps the network prioritize KYC validation resources for more committed human Pioneers who also have mined enough balance to make sense to go through KYC and migrate to Mainnet.
A very small proportion of accounts, identified by the algorithms as highly likely fake accounts or accounts that have violations, will not be eligible to KYC. If such account owners think that there is a mistake by the algorithms, they should submit their username for further investigation and potential proof of otherwise by filling in this form here: https://minepi.com/kyc-application-access. Depending on what we receive, we can investigate further.
When a KYC slot is opened up for you, will you still get the "KYC slot" popup notification when you start a new mining session?
The KYC popup notification should not be used as the only means by which Pioneers know whether they are eligible to start KYC application or not, although they will likely get a “KYC slot” popup. Pioneers should directly check their KYC eligibility on the KYC app in the Pi Browser (KYC.PI). You can simply open the Pi Browser and navigate to the KYC application. Please use the popup notification as a reminder rather than an invitation.
Now that Pi KYC is open for all, how can I apply for KYC?
Downloading the Pi Browser is required to apply for KYC. You can access KYC through the Pi KYC app in the Pi Browser. Make sure to have your relevant identification documents ready!
Pioneers are encouraged to directly check your KYC eligibility on the KYC app in the Pi Browser.
KYC Tentative Approval: What does it mean? What is necessary to pass? How long will that take?
The Tentative KYC program, which does not apply to the majority of the network, requires additional verification checks before the Pioneer can fully pass KYC. Tentative KYC approval does not equal full KYC approval, and thus will not yet unlock functionalities (e.g. becoming a Validator, or migrating to the Mainnet) requiring full KYC approval until the additional checks confirm its full KYC approval. However, tentative KYC approval gets the account much closer to full approval.
The reason for the selective Tentative KYC program is to ensure the integrity of the network—cautiously allowing as many real human Pioneers as possible to pass KYC, while catching and preventing as many fake and bot accounts as possible. Not only is this important for the network, but it’s also fair for all human Pioneers who have been honestly mining in their own accounts.
The specific additional verification steps may vary depending on the individual case, and the time it takes to complete them can vary, as well. Factors that can impact the timing include the volume of KYC applications being processed, availability of human validators of the region, complexity of the application, and types of additional checks applied to the tentative KYC case.
When the KYC status is "Tentative approval," how long will it take for it to be final "KYC passed"?
The duration of the Tentative Approval status is on a case-by-case basis and depends on the extent and types of additional verifications needed. One of the priorities of Q2 2023 for the KYC app is to iterate and apply such additional checks on the tentative KYC cases.
When KYC status is "Tentative approval," can migration to Mainnet happen?
No, you need to fully pass the KYC to be able to migrate to the Mainnet.
When KYC is submitted, what screens can you get in the KYC app?
After submitting the KYC application, the Pioneer can expect to see a few different screens in the KYC app. Pioneers may see a screen indicating that the application is “review in progress”. If the KYC application is approved tentatively (meaning it was accepted by Validators pending additional checks), the Pioneer may see a “tentative approval” screen.
If the additional checks further confirm the authenticity of the data and account, a Pioneer will see the “KYC passed” screen. For the majority of applications that are outside of the Tentative KYC program, they will directly see the “KYC passed” screen without the additional checks, if they are accepted
As per previous announcements, a submitted KYC application may be approved within 15 minutes if everything is submitted correctly and no name appeal is made. Is this still the case?
Yes, this is still the case as long as Pioneers have completed the required fields correctly and the availability of the human Validators is abundant in the country or region.
When will it be possible for KYC Validators to review name change appeals?
For Pioneers who appealed to change their account name (for small name updates), their appeals are either resolved by only machine automation or require the help from human validators to resolve. The first case has already been in place unblocking such applications to proceed in their KYC process. For the second case, human validators will likely be able to review name change appeals in Q2 this year, after the priorities of additional checks on tentative KYC applications and validators performance analysis.
My KYC is approved but not reflected in Mainnet Checklist Step 6. When can I proceed and start migration?
The Core Team is aware of this issue affecting some users and are working on resolving the data synchronization issue on the Mainnet Checklist in Q2 this year. In general, always rely on the Pi KYC app for the most accurate KYC status.
Overall, why is Pi Network requiring KYC before Mainnet Migration?
The vision of Pi Network is to build an inclusive and the most widely-distributed digital currency and ecosystem for all Pioneers. Pi Network’s mining mechanism is social-network based and relies on contributions of real Pioneers. Therefore, Pi has a strict policy of one account per person.
This requires a high degree of accuracy to establish that members in the network are genuine human beings, preventing individuals from being able to hoard Pi by creating fake accounts unfairly. KYC thus helps ensure the true humanness of the network in addition to compliance with anti-money laundering and anti-terrorism regulations.
Only people who passed the Pi KYC can migrate to the Pi Mainnet. The current Enclosed Mainnet period gives the community time to KYC and migrate to the Mainnet blockchain—a identity-verified, compliant and utilities-driven ecosystem where Pioneers can begin to use Pi for real goods and services.
Немного о насущем !
Монета Pi-Network не торгуется и ничего не стоит на данный момент и вывести её невозможно, сейчас мы находимся на 2 фазе с 14 марта 2020 года, с началом 3 фазы будет выход на биржу и фин рынки с запуском валюты, которая в свою очередь приобретет рыночную ценность, по которой вы и сможете продать свои Pi монеты.Выход на биржу планируется в этом году, точной даты выхода нет! Все, что вы сейчас можете найти на бирже: фьючерсы, CFD, или фейк, но никак не сама валюта, торговля фьючерсами запрещена политикой проекта.
Через Yoti будете проходить KYC, KYC это идентификация, верификация личности, с целью проверки данных вашего аккаунта на правдивость и подлинность.KYC нужен для того чтобы вы могли претендовать на монеты Pi-Network. Yoti — сторонний провайдер KYC, которому Pi Network разрешает запускать процесс проверки личности (KYC).Yoti далеко не последнее место занимает на рынке в своей нише, не стоит переживать за свои данные, доступ к данным есть только у вас! Скачайте заранее Yoti с Плей маркета или APP-Store установите, сфотографируйтесь, загрузите документы которые имеются Загранпаспорт, ID паспорт, В/У международного класса и ждите приглашение в приложение Pi.Приглашение приходит рандомно! Как придёт приглашение KYC, нужно обязательно активировать, нажав на кнопку CHECK DOCUMENTS, далее выбираете страну, документ который загрузили в Yoti и после перекинет на Yoti для дальнейшего прохождения KYC. И если не нажмёте CHECK DOCUMENTS и выйдете с приложения, то приглашение пропадёт и придётся ждать новое. Подтвердить свою личность нужно в течении 48 часов!Участвовать в проекте Pi-Network можно с 13 лет, при наличии загран паспорта. Yoti паспорт РФ не принимает, в будущем будет альтернативный способ прохождение KYC и по РФ паспорту! Номер и фейсбук нужен для входа в свой аккаунт и смены пароля, одной из двух верификации будет достаточно.
Верификация номера, включите роуминг, почистите кеш, проверьте баланс, отправьте на номер Бельгии, Израиль, Польша. Верификация номера вручную: Нажмите ниже — мануал. Отправте обычное СМС на номер Бельгии, Израиль, Польша. В процессе из приложения не выходить, чтобы код не обновился. Дождитесь доставки смс и под кодом в приложении нажми I have sent the message.Добавлять людей в круг безопасности нужно исключительно тех людей, кому вы доверяете из своего круга общения, эти люди будут подтверждать ваши транзакции, а вы их. Они же будут служить вашими ключами для восстановления аккаунта если вы его потеряли.
Уважаемые пионеры, в чате запрещено размещать номера телефонов, адреса кошельков, размещать ссылки, флаги, общаться на другом языке, ссоры, конфликты, не приветствуются, уважайте участников чата, спасибо за понимание! Все ответы на часто задаваемые вопросы, вы можете найти в шапке чата (Mods FAQ)
Pi Network KYC Walk-Through Guide
Do you need help with the Pi Network KYC process? Check out this helpful guide from YouTube.
Pi Network KYC Help
The KYC process for Pi Network is one of the most important steps in the progression to the Pi Open Mainnet. According to several reports, the delays to the upgrade to the Open Mainnet have been caused by the incredible amount of KYC necessary to onboard Pi Network users.
There are over 38 million Pi users—affectionately known as Pioneers—across over one hundred different countries. The massive user base has caused the Pi Core team to take several innovative steps to accelerate the KYC progress, including bringing in new artificial intelligence software.
YouTube Wes Spencer gives a full in-depth walkthrough of the whole process. Spencer’s over 15-minute video will take you from start to finish and give helpful hints about navigating the sensitive process.
Remember: One mishap could set your account back!
Here are some of the things reviewed in Spencer’s video:
- Getting Started and How to Get Selected for Pi KYC
- Document preference: National Driver’s License vs. Passport?
- Basic Information Check and Review
- How to Do the Identity Confirmation and Liveness Check
- Data protection
What is Pi Network:
Pi Network is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution. The project was founded by a team of Stanford University Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Network has evolved over the years and has organized a hackathon, built a couple of working Pi blockchain apps, and is now in the final stages of transition to public mainnet.
Where to find Pi Network:
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Embracing Decentralized Governance
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The proposed governance framework draws inspiration from battle-tested blockchain models, notably Ethereum's proven governance ethos, which has been pivotal in driving protocol maintenance, development, and adoption. Building upon Ethereum's success, Polygon seeks to extend this ethos to create a flourishing community.
The Three Governance Pillars
The governance framework revolves around three main pillars: Protocol Governance, System Smart Contracts Governance, and Community Treasury Governance. Each pillar is designed to address specific aspects of the Polygon ecosystem and ensure scalable, efficient decision-making.
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System Smart Contracts Governance introduces the concept of an Ecosystem Council, responsible for upgrading protocol components implemented as smart contracts. The council will operate under a community-governed framework, ensuring transparent and secure decision-making.
The Community Treasury Governance seeks to establish a self-sustainable ecosystem fund to support ongoing growth and development. The proposed roadmap involves the creation of an independent Community Treasury Board to provide ecosystem support and funding for promising projects. Subsequently, the governance will evolve towards increased community-driven decision-making over the Treasury.
As Polygon moves towards 2.0, the project embraces the principles of decentralization and community-driven development. Stakeholders are encouraged to participate in discussions through community calls, forums, and an interactive governance vision board, shaping the future of the Polygon ecosystem.
What is Polygon:
Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.