TL;DR
- Pi Community now permits customers to enchantment identify mismatches and allows minor telephone quantity corrections to help customers in passing KYC verifications.
- Regardless of the fixed delays and deadline extensions, the venture surpassed 100M downloads, with South Korea, India, and different Asian nations rising as robust neighborhood bases.
Options for Struggling Customers
The controversial cryptocurrency venture Pi Community has been round for nearly six years, however the neighborhood remains to be awaiting the launch of its native token or open mainnet. The staff has beforehand claimed that main milestones will happen as soon as 15 million customers cross crucial Know-Your-Buyer (KYC) verifications and migrate to the mainnet.
The method deadline, often known as the Grace Interval, was set for January 31 however was not too long ago moved to February 28. One cause behind the fixed extensions may very well be the problems that some customers expertise when making an attempt to abide by the principles.
Pi Community issued key steerage to these fighting the procedures prior to now few months. Final yr, as an illustration, it urged these to affix a devoted Telegram chat “the place there will likely be mods to reply your questions.”
The staff not too long ago launched two further updates “that will assist unblock your KYC software in case you take motion.” The builders stated customers whose Pi account identify and KYC identify don’t match would usually have their purposes rejected because of their failure to show their possession of the account by KYC verification.
Nevertheless, there’s a resolution to this drawback. Pi Community revealed that these customers ought to enchantment for an opportunity to resubmit their software with corrected particulars or replace their Pi account identify to their KYC’s identify with a penalty of forfeiting a part of their Cell Stability.
“Eligible Pioneers embrace these whose KYC purposes had been rejected because of identify mismatches. Nevertheless, Pioneers are eligible provided that they’ve appealed precisely one time because of this rejection cause, and that single enchantment was denied,” the staff added.
Moreover, Pi Community stated it’s in a position to assist customers who’ve made small typos when including their telephone numbers to their Pi account. It enabled individuals to edit as much as two digits of their account telephone quantity.
“Permitting solely as much as two digits to alter is to ensure the telephone quantity change won’t be exploited by coverage violators comparable to account transfers and gross sales or hackers taking up somebody’s account,” the announcement reads.
The Reputation Goes up
Regardless of the controversy surrounding Pi Community and the frustration throughout its neighborhood, the venture retains rising its recognition worldwide. As CryptoPotato reported, the venture’s software surpassed the most important milestone of 100 million downloads in December final yr.
Pi Community is especially well-known in Asia, with South Korea, Vietnam, India, China, Singapore, and others turning into strongholds.
Not way back, Wu Blockchain revealed that the variety of Pi Community customers in South Korea had crossed 1.3 million, exceeding the native consumer base of main crypto exchanges like Binance and Coinbase.
Final week, Pi Information posted images from a Megha Occasion in India, throughout which native supporters gathered to debate the venture.
Pi Community has over 3.6 million followers on X. Compared, Ripple – the entity behind the cryptocurrency XRP – is trailing behind with 3 million subscribers.
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