Feed-Me-Creativity01
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UNVERFIED PI WILL NOT BE BURNED!!!
According to Pi Network's White Paper, Unverfied Balance will not be burned. It will be redirected back into the mining pool!!
Read the below quote:
New Whitepaper chapters
The Effect of KYC on Mainnet rewards
"If Pioneers do not pass KYC in time, it delays the Mainnet transfer of their balances and the balances of other Pioneers who have them on their Security Circles and Referral Teams. Without balances on the Mainnet, Pioneers are not able to use payments in Pi apps, thereby undermining the growth of our utility-based ecosystem. A six-month window creates a sense of urgency for Pioneers while giving them adequate time to retrieve their mined Pi. The KYC verification process will generally take into account Pioneers’ likelihood of being real human beings based on Pi’s machine-automated prediction mechanisms run over the last three years. Newly created accounts will not be able to immediately apply for KYC verification, until after 30 days. This helps the network limit the ability of bots and fake accounts to spam and abuse our KYC process and prioritize KYC validation resources for real human Pioneers.
Finally, the lost Pi of the Pioneers who delay KYC verification beyond six months will not be transferred to the Mainnet and will not be accounted for in the calculation of the systemwide base mining rate (B) beyond the rolling six-month KYC grace period. Pioneers will, therefore, need to claim their Pi in time, or their lost Pi will be reallocated to B for mining in the same year by other verified Pioneers who can make full contributions to the network."
The Pi that can not be verified because the referral team or security circle didn't verify their KYC will not be burned!!!
#PiNetworkMainnet #PiNetworkkyc #PiNetwork
According to Pi Network's White Paper, Unverfied Balance will not be burned. It will be redirected back into the mining pool!!
Read the below quote:
New Whitepaper chapters
The Effect of KYC on Mainnet rewards
"If Pioneers do not pass KYC in time, it delays the Mainnet transfer of their balances and the balances of other Pioneers who have them on their Security Circles and Referral Teams. Without balances on the Mainnet, Pioneers are not able to use payments in Pi apps, thereby undermining the growth of our utility-based ecosystem. A six-month window creates a sense of urgency for Pioneers while giving them adequate time to retrieve their mined Pi. The KYC verification process will generally take into account Pioneers’ likelihood of being real human beings based on Pi’s machine-automated prediction mechanisms run over the last three years. Newly created accounts will not be able to immediately apply for KYC verification, until after 30 days. This helps the network limit the ability of bots and fake accounts to spam and abuse our KYC process and prioritize KYC validation resources for real human Pioneers.
Finally, the lost Pi of the Pioneers who delay KYC verification beyond six months will not be transferred to the Mainnet and will not be accounted for in the calculation of the systemwide base mining rate (B) beyond the rolling six-month KYC grace period. Pioneers will, therefore, need to claim their Pi in time, or their lost Pi will be reallocated to B for mining in the same year by other verified Pioneers who can make full contributions to the network."
The Pi that can not be verified because the referral team or security circle didn't verify their KYC will not be burned!!!
#PiNetworkMainnet #PiNetworkkyc #PiNetwork
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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