As we recently completed the initial free 100K KYC for selected Pioneers and in celebration of the upcoming Pi Day, today we announce another free 100K KYC slots (200K in total) for the community through the existing automatic selection process with the same criteria, i.e. past and future potential contributions to Pi, including Node, Platform, community and engagement etc. Read more above.
Pi Day Celebration: Additional 100K Free KYC
As part of the Pi Day celebration news, we are announcing today another free 100K KYC slots for the community. Since our announcement of the initial 100,000 free KYC slots, we have completed all of them for selected Pioneers all over the world based on their past and future contributions to Pi, including Node, Platform, community and engagement etc.. Today we are offering an additional 100,000 free KYC slots that sums up to 200,000 in total for the community, to continue the flow of KYC’ed members to support our Testnet, build our ecosystem and bootstrap the Pi economy.
In the meantime, the Core Team has started working technically and logistically on the community-driven KYC solutions proposed in the Brainstorm app for the mass majority of Pioneers, in the hope to achieve low-to-no cost KYC solutions for all real human Pioneers. So if you have not received a KYC slot yet, please be patient.
Reminder: All Pi KYC processes will only be initiated from this App, and Pioneers will be notified within this app if they are selected for a free KYC slot. Beware of any scams that claim to give or sell Pi KYC opportunities outside of our app.
An updated version of our previous announcement about KYC for complete context
Why do we need KYC?
The vision of Pi Network is to build an inclusive and most widely-distributed digital currency and economy for all people around the world. The mining mechanism of Pi Network is social-network based, and the mining rate halves as the social network size grows by 10x. So Pi has a strict policy of one account per person. This requires a high degree of accuracy to establish that members in the network are genuine human beings, in order to prevent individuals being able to hoard Pi through creating fake accounts unfairly. In addition to various layers of technical solutions to detecting, preventing and excluding fake accounts to enforce the one account per person policy, KYC provides an extra defence to ensure the true humanness of the network. The KYC process of Pi Network does not just fulfill regulatory requirements, but is important to guarding Pi’s mining mechanism and the purpose of the project.
How is the current KYC conducted?
Current Pi KYC is conducted by a third-party KYC provider. Even though the current required documents in some countries are limited to only passports, such identity verification solutions provide the level of authenticity that we’re looking for right now, while preserving people’s privacy. Member privacy is a guiding principle of Pi Network. Pi Network does not care as much about the content of the data you submit during KYC as the authenticity of your identity (i.e. that you are a real human being and not a bot). Pi Network deeply respects member privacy and aims to minimize intrusions on member privacy while keeping the currency safe.
We recognize and hear that obtaining passports is difficult for some Pioneers, and we have been proposing in the Brainstorm app and trying to organize the community to develop a decentralized, reliable, low- to no-cost KYC process customized for the Pi community that does not necessarily require passports. The ultimate goal is to enable every real Pioneer in the network to pass KYC or prove their humanness eventually for the Mainnet. For more details on the initial designs of such KYC solutions, please visit the Brainstorm app at the bottom of the home screen.
What does KYC right now enable Pioneers to do?
Currently, we mostly use KYC to enable Pioneers to run certain versions of nodes, be a developer of Pi Apps on our platform, spend Pi in Pi Apps, which are pillars of building Pi’s economic ecosystem. Eventually, every Pi member will need to pass KYC in order to migrate their Pi to the Pi Mainnet.
KYC does not exempt Pioneers from complying with Pi policies and from prohibited behavior, including selling Pi to exchange with other currencies, selling Pi accounts to others, using any automated scripts in their accounts, and creating fake accounts. Even if a Pioneer passed KYC, the prohibited behavior may cause the KYC’ed account to be frozen, revoked, burnt or banned before the Mainnet. Thus, please do not participate in any prohibited activities. Being a real human following Pi’s policies is the best strategy to secure your Pi.
What are the selection criteria and process for the additional 100K free KYC slots?
The selection criteria as previously announced will be meritocratic, based on Pioneer’s previous contributions to Pi including the length of time being a Pioneer, the amount of time and reliability of Nodes, engagement, growing the community, fostering constructive conversations, and future potential contributions including Pi Node and Testnet, Pi Apps Platform, bootstrapping Pi’s peer-to-peer economy and building the ecosystem. The consideration for future potential contribution means there will be both recent and senior Pioneers being selected, but in aggregate the distribution will have more senior Pioneers than Pioneers who recently joined.
We also take into account the probability of being or associating with fake account creation. We actually also invite to KYC some of these accounts that we suspect to be "fake" or “running automated scripts”, so that we can further study their practices and evaluate them. These accounts will obviously be excluded from transferring their Pi to the Mainnet if we confirm our suspicions.
We will continue using the same KYC selection process where our system automatically selects Pioneers probabilistically based on the above criteria on a daily basis. The selected Pioneers will be notified by a popup prompt inside this app. On the in-app prompt, the Pioneer will be asked to confirm if they have the right identity documents given their country of issuance. If so, they proceed to conduct the KYC in the third-party app. If not, it does not mean they will not be selected again. If someone has been prompted by the system to pass KYC this time, there is a chance they may be selected again for the additional 100K free slots later, but it’s not guaranteed. Falsely claiming to have a certain document not only will lead to a KYC failure right now, but also reduce this person’s chance of being selected in the future to pass it again.
If someone is selected and has the right documents, they have the next 48 hours to pass the KYC. After 48 hours, if the Pioneer has not used this slot, this free KYC opportunity will roll over to other Pioneers. The reason for the 48-hour period for Pioneers who already confirmed they have the right document is because we want to ensure each day we complete a targeted number of KYCs, having an even allocation of KYC slots each day and avoiding peaks of traffic for us and for our third-party provider.
All in all, the total 200K free KYC is only the beginning of our enrollment of Pioneers for identification verification that enables more Pioneers to build Pi’s decentralized network and bootstrap Pi’s economy, and again, you can always wait for future opportunities and future KYC solutions as mentioned above.
Why is KYC free for the 200K Pioneers?
Because it is a relatively small group and the 200K Pioneers will be working to bootstrap our economy and build our Testnet. KYC is costly because it is currently performed by a third-party app that charges on a per KYC check basis. While the Core Team can potentially cover the cost for a small fraction of Pi’s global community, it cannot cover the KYC costs for our millions of current and future Pioneers before we find the low- to no-cost solution. The Core Team will not profit from the identity verification KYC processes for Pioneers to go to the Mainnet. For the large mass of Pioneers, the future KYC will either be at cost for Pioneers (i.e. whatever the third-party KYC provider charges) or a decentralized, low- to no-cost KYC process, customized for the Pi community. Our aspiration is to create a free KYC option. Although we cannot yet promise we will achieve this goal, we can promise that we will try our best.
作为Pi日庆祝新闻的一部分，我们今天宣布另一个免费的100K KYC插槽为社区。自我们宣布首批10万个免费KYC插槽以来，我们已经为全球各地入选的先进者完成了所有的插槽，基于他们过去和未来对Pi的贡献，包括节点、平台、社区和参与等。今天，我们为社区提供了额外的10万个免费KYC插槽，总计20万个，以继续KYC 'ed会员的流动，以支持我们的测试网，建立我们的生态系统和引导Pi经济。
提醒:所有Pi KYC进程将仅从本应用程序启动，先锋将在本应用程序内得到通知，如果他们被选择为免费KYC插槽。当心任何声称在我们的应用程序之外提供或出售Pi KYC机会的骗局。
目前Pi KYC是由第三方KYC提供商进行的。尽管一些国家目前要求的文件仅限于护照，但这种身份验证解决方案提供了我们现在所寻求的真实性，同时又保护了人们的隐私。会员隐私是Pi网络的指导原则。Pi Network并不像关心你在KYC期间提交的数据内容那样关心你的身份的真实性(即你是一个真实的人，而不是一个机器人)。Pi网络高度尊重会员隐私，在保证货币安全的同时，尽量减少对会员隐私的侵犯。