Pi Network’s (PI) core team have recently released a statement outlining their position in user growth, which is closely related to the KYC process. Right now, the mobile mining network has beyond 18 million Pioneers who have successfully completed the personal verification procedure, opening up all of their mined Pi Coins for eventual migration to Pi Wallet.
“1 million verified users on Pi is not the same as 1 million users on other networks”, – read the statement, carrying on to say that Pi Network’s core team was among the first ones to implement verified identities for transactions, a trait said to be needed for a sustainable real-world economy.
Pi’s Mainnet Migration Reveals Two Sides Of KYC Policy
The measure on mainnet transactions is applied to reduce spam & increase trust, notes the team: “If those identities aren’t clear, it becomes difficult to trust that the transfer is valid or that it went to the right person.” Notably, this contrasts to the regular decentralized finance (DeFi) participant belief in concealed identities.
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On the other hand, thousands of merchants supported by Pi Network’s Know Your Business (KYB) model make the KYC-abundant transactions a key part of the routine, as it can introduce a credit score & trust rating among the merchant and the customer – a blockchain feature that completely erases the need for external feedback.
Meanwhile, Pi Network’s native coin Pi is priced at $0.167, capped between the narrow range of $0.16 to $0.17 for the past week. With roughly 18 million out of 70 million Pioneers gone through KYC, the mobile mining crypto’s price movement depends on adoption as much as the community size. With the Double Pi Day coming up, Pioneers are looking forward to another major listing.
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Pi Network now has over 18 million identity-verified users. The team emphasized that verified (KYC’d) users are much more valuable than regular accounts on other networks because real identity = real trust and real utility.
It’s the visible proof that a user has completed KYC. The Core Team is highlighting this as a major strength — it reduces spam, builds trust, and makes Pi more ready for real-world payments and adoption.
Pi2Day (June 28) is one of Pi’s biggest annual events. The community is hoping for major exchange listings or big announcements around that date. Combined with 18M+ verified users, many believe this could create strong momentum.
It’s very possible. 18 million verified humans is a massive trust advantage most other projects don’t have. If Pi2Day brings new listings or major utility updates, it could spark real buying pressure and price momentum.
Watch for continued KYC progress, any official Pi2Day announcements, and whether more verified users actually start using Pi for payments or DeFi. Strong fundamentals + listings = the best combination for price movement.
