What is the role of KYC in Pi Network, and why is it important?

What is the role of KYC in Pi Network, and why is it important?

Blog Article

Know Your Customer (KYC) verification is a critical part of the Pi Network's strategy to prevent fraud and ensure that real individuals, not bots, are participating in the ecosystem. Users who pass KYC verification will be able to transfer their Pi tokens and access the full functionality of the mainnet once it launches. This step is designed to maintain the integrity of the Pi Network and prevent malicious actors from gaming the system. As KYC rolls out to more users, this could potentially influence the PI price by increasing trust and security in the network.