Even though some people are raising concerns about certain aspects of Pi Network, the development team is still making significant progress and announcements regarding its Know Your Customer (KYC) process.
In their most recent update, they shared the number of users who have completed verification and successfully moved to the Mainnet.
Millions and Millions
The Pi Network team recently announced on X that over 18.1 million users have completed the verification process, known as Know-Your-Customer. Plus, more than 16.7 million Pi Network users, called Pioneers, have now been successfully moved to the Mainnet.
The Pi Network team consistently emphasizes that each account should be held by a unique individual – this is a fundamental principle of the project. They believe this ensures the network’s health because rewards are distributed fairly, payments go to genuine users, and applications can be confident in authentic user activity. Essentially, it’s about maintaining a system based on real people, not fake accounts.
There’s a slight issue, though. Some users are still showing as “Tentative KYC” and haven’t been fully verified. While many have complained on X—some for months or even years—the team assures us this doesn’t necessarily mean their verification has been denied.
Pioneers are being asked to complete a few extra verification steps to confirm they are real people. This is a safety measure to block bots and fake accounts, keep our users safe, and ensure the network stays healthy for the long term.
Pi Network has recently added AI technology to help speed up how transactions are processed and approved, and to reduce delays. However, the team still believes human review is important and will continue to use it as part of the verification process.
PI Returns to Top 50
The price of the token has been unstable over the last few months. Every time it’s tried to increase significantly, it’s been stopped and has fallen back to where it began.
The token recently faced strong selling, dropping below $0.17 yesterday and causing it to fall out of the top 50 cryptocurrencies by market capitalization after a 6% loss over the week. However, it has recovered a bit in the last day. While the weekly performance is still down, a broader downturn in the market has helped it climb back into the top 50, with a market cap of $1.8 billion.
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2026-05-13 09:50