(1/8) Nicolas: It is very important that all pioneers, including older ones, read this.
Remember that the original plan for last year's hackathon was for the community to create the KYC solution themselves, without the involvement of the core team,
#PiNetwork #PiNews
Remember that the original plan for last year's hackathon was for the community to create the KYC solution themselves, without the involvement of the core team,
#PiNetwork #PiNews
(2/8) But it turns out that due to complex legal constraints and strict requirements to avoid charging pioneers any fiat cost, we need to step up and build KYC solutions ourselves and support all countries and regions, not just Populous countries and regions.
(3/8) We end up with the world's only scalable KYC solution that scales to almost every country or region in the world and that can be used without any fiat currency cost,
(4/8) Using only the internal currency and the network's own members, very proud of what our community and all pioneering validators and chat moderators have accomplished. Are we doing it now? No, we still have a long way to go,
(5/8) Since nearly half of the network's miners have not been invited to KYC, we are working hard to get this done. Building a KYC solution is the sole focus of other teams or companies, while for Pi Network it's just a stepping stone,
(6/8) is one of many things needed for a complete blockchain ecosystem. Also, our KYC solution is also distinguishing between real and fake accounts, which is a difficult task,
(7/8) Because we don't want to misclassify any real pioneers as fake accounts based on other signals from the past few years. So the algorithm is slowly but surely improving.
(8/8) The closed mainnet period acts as a buffer during the time it takes for the network to complete its KYC. So, if you haven't been invited or approved, know it's a matter of time. . . . Thank you for your understanding and patience as we are all together.
This article is from the KYC chat room, sent a message at 6:47 pm on September 10th
Pioneers, please read the content carefully, Pi Network is not built in a day, it takes countless days and nights to become the world's top blockchain public chain.
Keep mining!⛏️⛏️💰💰
Pioneers, please read the content carefully, Pi Network is not built in a day, it takes countless days and nights to become the world's top blockchain public chain.
Keep mining!⛏️⛏️💰💰
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