Thereâs been a lot of confusion and misinformation circulating about unverified balances in the Pi Network. Letâs set the record straight and ensure everyone understands how this works.
What Are Unverified Balances? Unverified balances are bonuses earned through your referral team and security circle contributions. These bonuses are held in a pending state until the respective members of your team complete their Know Your Customer (KYC) process. This ensures that all rewards are distributed fairly and only to verified, real users.
Why Is KYC Important? 1. Preventing Fraud: KYC ensures that bots or multiple accounts do not unfairly claim rewards. 2. Legal Compliance: As Pi Network moves toward mainstream adoption, KYC is mandatory for regulatory compliance. 3. Fair Distribution: Your referral bonuses depend on your team membersâ successful KYC completion, ensuring only active, verified contributors are rewarded.
Will You Lose Your Unverified Balance? No, you wonât lose your personal mined Pi or verified bonuses. However: - If a team member fails to complete their KYC, the portion of your unverified balance attributed to them will not become transferable. - The Pi Network considers inactive or unverified accounts as potential bots, which is why their contributions remain unverified until they pass KYC.
For example: - If you have 5 team members and 3 complete KYC, you will receive the unverified balance from those 3 members, while the contributions from the remaining 2 will stay locked unless they verify later.
Final Thoughts The unverified balance system is not a trap or a lossâitâs a safeguard to ensure fairness and security within the network. Rest assured that any verified contributions will become yours as long as your team completes their KYC process.
Letâs continue building a secure and inclusive ecosystem together! đ
