Pi Network has introduced a major update to its Know Your Customer (KYC) process. The network has added a new feature that allows users to sync their KYC status with the mining app in case of discrepancies.
This update comes as excitement builds around the upcoming Pi2Day. Pioneers are eagerly anticipating a major announcement, with speculation ranging from the listing of Pi Network on Binance to the launch of new ecosystem applications.
Pi Network Introduces New KYC Feature
The new KYC feature is enabled via the 'Sync Status on Mining App' button. This feature solves a long-standing data synchronization problem that the Pi Core Team has been working hard to solve.
“Purpose of the new button: Allow Pioneers to sync their KYC status between PiApp and PiBrowser. If your KYC status in the KYC app shows as 'KYC Passed' but your mining app does not reflect that, use this button to sync the status. It is beneficial for a lot of users to complete KYC if there are any sync issues,” one user posted.
After starting the process, the user's KYC status will be "Provisional Approval". This means that the KYC process is still under review and requires further checks before final approval.
This new feature coincides with the heightened anticipation surrounding Pi2Day. Pi2Day is held on June 28 every year. It is based on Pi Day (March 14), which doubles the value of Pi from 3.14 to 6.28.
This is an important event for the Pi Network community focusing on the progress and development of the network. With less than 10 days to go until Pi2Day, the Pi community is increasingly optimistic about a breakthrough.
A poll conducted by Pioneer on X (formerly Twitter) shows that over 40% of respondents believe that Pi Coin (PI) will be listed on Binance on Pi2Day. PI users have been waiting for this since the Open Network launched.
Despite a community vote in which 86% of users supported listing Pi on Binance, the exchange has yet to make any moves to add PI to its platform. If this happens, it could significantly boost the token’s liquidity and market presence. In addition to the Binance listing rumors, there are also rumors that new ecosystem applications will be launched on Pi2Day.