Pi Network urges users to complete KYC by Jan 31 to avoid losing mined coins; 50% still pending verification.
The Pi Network core team is sounding the alarm—get your KYC done by January 31, 2025, or risk losing most of your hard-earned Pi coins. In a January 5 update, they reminded users to complete the Know Your Customer (KYC) process and migrate to the Mainnet ASAP. This isn’t just paperwork—it’s your ticket to keeping your Pi stash safe.
KYC verifies user identities to prevent fraud and block fake accounts. If you miss the deadline, most of your mined Pi coins will be locked away for good. The clock is ticking, and Pi’s 100+ million users need to act fast. As of August, only 13 million users were verified, leaving nearly half of Pioneers in danger of losing their coins.
Meanwhile, the team has paved the way to hurry things along for 1.2 million stuck KYC applications. Plus they are also calling on verified users to become validators themselves and help move things along.
With less than a month left, the message from the team is loud and clear: Don’t wait! Secure your spot in the Mainnet and protect the value of your Pi coins. The deadline’s tight, so jump on this now, Pioneers, or risk being left behind!
Also Read: SUI Skyrockets 30%—Could $8 Be Next?