

Some Pioneers Express Disappointment over Wait for Pi Network KYC



The Pi Network's KYC delay has undoubtedly stirred emotions among its user base. While many express concerns, others remain hopeful.
The Pi Network KYC system has become a topic of considerable debate and concern among its users, or "Pioneers," as they are commonly referred to.
A recent tweet/post from Pi News Media unveiled many concerns and comments from these Pioneers about the delay in the KYC (Know Your Customer) approval process, which is reportedly an essential step toward the launch of the Open Mainnet.
The Pi Core team has reportedly maintained that the milestone of open mainnet launch would only be realized once a significant number of users have successfully undergone the KYC verification while they also focus on developing its ecosystem. Naturally, this claim places a lot of importance on KYC.
What Pioneers Are Saying
Some comments on Pi News Media's tweet are explicit – there appears to be growing disappointment among the Pioneers. The primary grievance revolves around the prolonged wait for KYC approval and the unavailability for every Pioneer in the industry.

One user stated that those patiently waiting for the Pi Network's KYC approval might be wasting their time. Another user was more direct, labeling the KYC strategy “meaningless.”


A resounding demand echoed in the comments was for the mobile mining blockchain to make KYC available to every miner on the platform, given its significance.

Some Optimism from the Community
Despite some disappointment and frustration, not all hope is lost among the Pioneers. Large portions of the community remains hopeful, expressing their optimism that the mass KYC target will indeed be achieved.
Their stance highlights the faith many still have in the Pi Network and its vision.
What Next for Pi Network KYC?
The Pi Network's KYC timeline and reported difficulties have undoubtedly stirred emotions among its user base. While many express concerns, others cling to hope. It remains to be seen how the Pi Core team addresses these concerns and whether they can expedite the KYC process to ensure a smooth transition to the Open Mainnet.
What is Pi Network:
Pi Network is a mobile mining blockchain with an application that lets people earn Pi coins by doing simple tasks on their phones. However, the project remains in its development stage with delivery of an open mainnet still a matter of speculation, with no launch date confirmed.
With this in mind, the protocol remains in its testnet stage and will apparently go live when many users (Pioneers) complete the mandatory KYC procedure while the core team works on developing its ecosystem.
Pi Network is also reported to be under investigation by authorities in Vietnam and users should exercise a high degree of caution when interacting with the project and ensure they have conducted sufficient research before doing so.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Do Kwon Faces Extradition to the United States Over Terra Crypto Collapse

The decision, yet to be officially announced, follows the US Securities and Exchange Commission's (SEC) charges against Kwon for alleged crypto asset securities fraud.
Montenegro's Justice Minister is reportedly inclined to extradite Do Kwon, the founder of Terraform Labs, to the United States, according to a recent report from The Wall Street Journal.
Do Kwon, a key figure in the Terra blockchain ecosystem, is wanted by the United States and South Korea for his alleged involvement in the downfall of Terra's digital assets.
The decision follows Kwon's arrest in Montenegro last March. The collapse, which occurred in May 2022, triggered a broader market downturn affecting major players in the cryptocurrency space.
Legal Maneuvers and Extradition Talks
Kwon, who initially agreed to be extradited to South Korea, now faces the possibility of extradition to the United States. Montenegro's Justice Minister has privately communicated the decision to send Kwon to the US to answer charges related to financial crimes.
The specific charges include commodities fraud, securities fraud, wire fraud, and conspiracy to defraud and engage in market manipulation during Kwon's tenure at Terra.
Despite Kwon's earlier agreement for extradition to South Korea, the final decision rests with Justice Minister Milovic. The minister may await the outcome of a potential last-ditch appeal by Kwon against the court ruling.
Milovic emphasized that the decision would be made public "in a timely manner," leaving room for speculation on the intricate legal proceedings.
SEC Charges and Market Impact
The United States Securities and Exchange Commission (SEC) had previously charged Kwon with defrauding investors in crypto schemes in February. The legal action marked a pivotal moment, linking Kwon to allegations of orchestrating a multibillion-dollar crypto asset securities fraud.
In May 2022, Terraform Labs' collapse had a significant impact on the broader cryptocurrency market, impacting major platforms like Voyager Digital, BlockFi, Celsius Network, and FTX.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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