Important Warning for Pi Network Users: KYC Deadline Extends to March 14

Pi Network has just announced an extension of the time to complete the KYC process (Xác Real Name Tính) to March 14, warning that customers who do not complete it will risk losing their mined tokens. This is an important announcement for the entire Pioneers community, especially since the project has been controversial around the progress of the transition to the mainnet and issues related to user authentication.

1. Details of the KYC Process and New Deadlines Previously, the project had planned a "Grace Period" starting in February, but now it has been extended to mid-March to give users more time to complete the necessary procedures. According to the announcement from the development team, this is the last chance for Pioneers to complete the validation process to protect the majority of their Pi tokens, except for tokens mined in the last 6 months before being transferred to the mainnet. If the KYC is not completed by the new deadline, users may lose most of the tokens mined on their mobile devices. This has generated mixed opinions in the community: one section welcomes the extension period, while others argue that this is just a promise of delay that has been repeated throughout the project's development.
2. Upgrades in the authentication process To address some of the bottlenecks, the Pi Network team has revamped the KYC process with the following changes: Modification of name and phone number: Users are allowed to change personal information in a limited way. Specifically, if the Pi account name does not match the verified one, the user can resubmit the profile with the correct information or change the account name, although this may result in the loss of part of the balance on the mobile device. Phone Number Change Limit: Only allow maximum two-digit modification of the phone number. This measure aims to prevent taking advantage of the system to transfer accounts or attacks from hackers, ensuring security and compliance with the project's policies. For Pioneers whose applications have been rejected due to mismatches, only those who have appealed once are allowed to resubmit. This is a move to strike a balance between allowing users to correct mistakes and preventing fraudulent behavior.
3. Community Reaction and Concern The extension of the deadline and the improvement of the KYC process have divided the Pi Network community. Some Pioneers are relieved to have more time to adjust their personal information, while others see it as a sign of ongoing delays, casting doubt on the project's progress. Many argue that, although these improvements can help reduce the rejection rate due to misinformation, the inconsistency in the progress of authentication and mainnet transfer is still a cause for users to wonder about the transparency and efficiency of the Pi Network ecosystem.
4. Tips for Users With the latest announcement, Pi Network recommends all Pioneers: Complete KYC before March 14: This is the last chance to preserve the maximum number of mined tokens. Double-check personal information: If there is a mismatch between the account name and the information in the KYC profile, quickly adjust or appeal according to the instructions of the development team. Pay attention to phone number change limits: If you encounter an error in your phone number, you can only change up to two digits to avoid policy violations. These steps will help users avoid the risk of losing tokens and ensure that they can continue to participate in the Pi Network ecosystem as the project transitions to the mainnet phase. Conclude Pi Network is in a critical phase with many changes and improvements to ensure the security and efficiency of the ecosystem. The extension of the KYC deadline to March 14 along with improved measures has created more opportunities for users to adjust their personal information, but at the same time raised many questions about the actual progress of the project. Users need to keep a close eye on official announcements and complete the necessary procedures to protect their assets.