Pi Network Claims 18 Million Verified Real Users, Is It True?
Pi Network (PI) introduced it has surpassed 18 million identity-verified customers, positioning the determine as a structural benefit over networks that measure development by pockets depend alone.
The put up from the Pi Core Team argued that verified identities are essential for any switch of worth.
How Pi Verified 18 Million Identities
Pi’s in-app KYC system pairs human reviewers with AI-assisted fraud detection. More than 1 million validators processed 526 million verification duties to substantiate roughly 18 million distinctive identities.
Each submission handed via roughly 30 particular person checks earlier than approval.
The community not too long ago accomplished its first validator reward distribution, paying out 26.5 million PI to members. Validators earned about 0.05 PI per activity, roughly 22 occasions the usual mining price.
PI traded close to $0.17 as of this writing, up 3.43% on the day, with a market cap of $1.75 billion in keeping with CoinGecko information.
Backlogs and Tentative KYC Remain Pain Points
Despite the milestone, a big variety of Pioneers stay caught in limbo. Nearly 44 million customers have held a “tentative” KYC standing at numerous factors, that means their verification requires additional review earlier than full Mainnet entry.
“At this price, it’s going to be 10 years earlier than some individuals see their Pi,” one pioneer remarked.
Some customers report ready over two years with out decision. Others confronted shedding collected cash when a KYC deadline passed earlier than their purposes cleared.
Pi launched a FastTrack option and automated review system that absolutely verified a further 3.36 million Pioneers.
“If eligible, customers will see this selection instantly inside the Pi Wallet app, permitting them to start KYC and, as soon as verified, achieve speedy entry to the Pi Mainnet pockets and its utilities,” the workforce wrote in a weblog.
However, with over 16 million Mainnet migrations accomplished to this point, a niche stays between verified and absolutely migrated accounts.
Whether Pi’s identity-first strategy interprets into sustained real-world adoption could depend upon how shortly it clears the backlog of verifications that continues to frustrate its most loyal customers.
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