Why Pi Network Created KYB (Know Your Business) Ethos

A Safety-First Ecosystem

By implementing these standards, Pi Network enhances ecosystem security, legitimacy, and longevity, establishing a verified foundation for future integrations with KYB verified businesses.

Safety

KYB verified businesses and partners interface with real KYC verified Pioneers, and vice versa.

Scam Prevention

Only KYB verified businesses will be able to have Pi Wallets on the Pi Mainnet to facilitate their operations. Refrain from interacting with non-KYB verified businesses that claim to have Pi Mainnet Wallet.

Compliance

KYB requires proper licenses for businesses’ respective geolocations, supporting the survival and longevity of the Pi project.

Platform Level Utility

A KYC’ed and KYB’ed network provides Pi with a collective resource for other services to integrate, and provides for platform-level utility now and in the future.