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. Nonetheless, the token’s value stays in pink territory for the day and much away from its peak ranges noticed earlier this 12 months.
The New Characteristic
The crew behind Pi Community unveiled Quick Observe KYC – a brand new function 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 varied 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 function marks a major milestone for Pi Community because it permits fast pockets activation to verified customers. Thus, the mission’s third-party supplier, Banxa, is now not the one answer that provides onboarding choices.
Quick Observe KYC helps Pi Community’s final aim of making a utility-driven digital ecosystem powered by verified actual customers.
“By enabling new Pioneers to take part earlier, this function expands the flexibility to interact a bigger verified viewers, which helps builders and accelerates the use and testing of ecosystem apps,” the crew added.
How Does it Work?
New customers of Pi Community are required to finish no less than 30 mining classes earlier than being allowed to submit a regular KYC software. The crew 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 classes to move an early id verification course of and activate their Mainnet pockets.
“If eligible, customers will see this selection immediately throughout the Pi Pockets app, permitting them to start KYC and, as soon as verified, achieve quick entry to the Pi Mainnet pockets and its utilities,” the disclosure says.
PI and Solana?
The updates surrounding the controversial crypto mission don’t finish right here. Earlier in the present day (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 mentioned.
PI’s value didn’t capitalize on the excellent news, charting a minor decline of 0.5% on a 24-hour scale. Presently, 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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