Crucial Warning Regarding All Pi Community (PI) Customers

TL;DR

• Pi Community prolonged its KYC deadline to March 14, warning that customers who miss it might lose a few of their mined tokens.

• The crew launched updates permitting minor title and cellphone quantity corrections to enhance the KYC course of, although restrictions on repeated appeals stay.

The Essential Steering

Regardless of launching its Open Community, which made the PI token publicly accessible, Pi Community stays fairly controversial. For example, 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 typical, the extension sparked combined reactions throughout the group, with some members appreciating the extra time whereas others have been annoyed and described the venture as a rip-off. 

Most lately, Pi Community’s crew advised customers to go 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 likelihood for any Pioneer to finish the required steps to keep away from shedding their previous cell balances. 

Not too long ago, the crew assured that this is able to be the final deadline extension. Nevertheless, some group members discover this difficult to imagine, given Pi Community’s behavior of prolonging such growth for years. 

Further Recommendation

Moreover giving extra time to customers, the crew behind the venture additionally issued some key updates to enhance the KYC course of.

Final month, it said folks whose Pi account title and KYC title don’t match would normally have their functions rejected because of their failure to show their possession. To repair the issue, customers ought to resubmit their functions with corrected particulars or replace their Pi account title with a penalty of forfeiting a part of their Cellular Stability. 

“Eligible Pioneers embrace these whose KYC functions have been rejected because of title mismatches. Nevertheless, Pioneers are eligible provided that they’ve appealed precisely one time because of this rejection motive, and that single enchantment was denied,” the crew said on the time.

Moreover, Pi Community allowed individuals who have made minor typos when placing their cellphone numbers into their Pi account to edit as much as two digits. 

“Permitting solely as much as two digits to alter is to ensure the cellphone quantity change won’t be exploited by coverage violators similar to account transfers and gross sales or hackers taking up somebody’s account,” the disclosure reads.