Pi Network Surpasses a Critical Milestone
Pi Network has surpassed a critical milestone by enabling partially KYC-verified users to activate their mainnet wallets. Without waiting for the complete migration process, these Pioneers can now directly transact on the network. This new approach is expected to increase participation in community activities such as .pi domain auctions and boost local peer-to-peer trading. The modifications implemented are seen as a pivotal moment for Pi Network’s scalability.
Flexibility in Main Wallet Access on Pi Network
Previously, accessing the mainnet required completing a lengthy migration process. Post identity verifications and technical approvals, wallets would be activated. Now, merely passing any stage of identity verification is considered sufficient. Consequently, thousands of users have started spending their Pi coins, testing applications, and providing simultaneous feedback without staying on the waiting list.
However, KYC rules have not been relaxed. Only the conditions for opening a wallet have been redefined. The Pi Core team continues to cross-check various identity databases to prevent fraudulent accounts. This approach maintains the security standard, increases the user base, and reinforces the trust of the cryptocurrency community.
Third-Party Integrations Foster Ecosystem Growth
Perhaps the most notable aspect of the update is allowing even those who have never mined on Pi Network to acquire a mainnet wallet through third-party services. Platforms like Banxa that have received KYB approval integrate new users into the system within minutes through quick identity scans. Thus, Pi coin shakes off the tag of being a network solely for early joiners, accelerating its global expansion.
Developers also find a promising scenario. A broader user base increases in-app payment traffic and provides real-time test data. The Pi Core team is considering delegating KYC processes to reliable solution partners to improve scalability. This model aims to increase transaction volume on the mainnet while accelerating the adoption of altcoins.
