TL;DR
- Pi Community launched a brand new answer that would velocity up the verification course of.
- PI reportedly made its debut on the Solana blockchain. Nevertheless, the token’s worth stays in pink territory for the day and much away from its peak ranges noticed earlier this yr.
The New Function
The group behind Pi Community unveiled Quick Observe KYC – a brand new characteristic designed by way of additional integration of AI within the Know-Your-Buyer course of. Pioneers and non-users are allowed to finish it to take part within the Mainnet ecosystem “sooner than ever earlier than.”
“This replace builds on Pi’s enlargement of pockets activation eligibility – the place KYC’d people can now activate wallets even earlier than finishing Mainnet migration – and continues the community’s mission to extend accessibility whereas sustaining sturdy safety requirements,” the announcement reads.
With a Mainnet pockets activated, new Pioneers can have interaction with numerous Pi Community-related purposes, native commerce, and ecosystem occasions. Nonetheless, Quick Observe KYC doesn’t allow Mainnet migration, and mined balances is not going to be transferred till the consumer is absolutely eligible and completes the necessary guidelines.
Nonetheless, the newly launched characteristic marks a major milestone for Pi Community because it permits fast pockets activation to verified customers. Thus, the venture’s third-party supplier, Banxa, is now not the one answer that gives onboarding choices.
Quick Observe KYC helps Pi Community’s final objective of making a utility-driven digital ecosystem powered by verified actual customers.
“By enabling new Pioneers to take part earlier, this characteristic expands the flexibility to have interaction a bigger verified viewers, which helps builders and accelerates the use and testing of ecosystem apps,” the group added.
How Does it Work?
New customers of Pi Community are required to finish at the very least 30 mining periods earlier than being allowed to submit a normal KYC software. The group admitted that this created a “pure delay” between becoming a member of the community and interacting with the Mainnet ecosystem.
Quick Observe KYC removes that barrier and permits customers with fewer than 30 mining periods to cross an early id verification course of and activate their Mainnet pockets.
“If eligible, customers will see this feature straight inside the Pi Pockets app, permitting them to start KYC and, as soon as verified, achieve instant entry to the Pi Mainnet pockets and its utilities,” the disclosure says.
PI and Solana?
The updates surrounding the controversial crypto venture don’t finish right here. Earlier at present (September 19), the X consumer MOON JEFF claimed that PI has formally made its debut on the Solana blockchain.
“With Solana’s lightning-fast transactions and scalable ecosystem, this marks a historic milestone for Pi Community,” he stated.
PI’s worth didn’t capitalize on the excellent news, charting a minor decline of 0.5% on a 24-hour scale. At the moment, it trades at round $0.35, representing a major 90% decline from its all-time excessive of $3 reached at first of 2025.
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