- Pi Network now allows users with partial KYC to activate Mainnet wallets instantly.
- Users can obtain wallets through simple KYC verification with Banxa and third-party services to ease platform activation which then accelerates expansion.
- The system update expands Pi’s ecosystem and simultaneously improves utility that enhances user engagement.
Pi Network rolled out a significant update that enables Mainnet wallet access to enhance user control as part of its user participation expansion drive. Those who completed partial or full KYC verification processes can directly activate their Mainnet wallet without performing a complete balance migration.
The new system provides simplified entry requirements which enhances multiple interaction possibilities throughout the entire platform network. The enhanced access mechanisms create an operational advancement which create benefits toward wider new user adoption and regulatory compliance.
Mainnet Wallet Access No Longer Tied to Migration
The main update eliminates the requirement for users to transfer their entire Pi balance. The Mainnet wallet activation requirement previously demanded complete transfer of all existing Pi balance. Ecosystem participants no longer need to perform a full balance transfer to access various network functions according to the new process.
Through its flexibility, users can access existing applications while making decentralized applications transactions and peer-to-peer transactions and accessing Pi Domains features.Thus,the growing number of users accessing wallets will create rising network utility. With simplified entry barriers the network maintains its Know Your Customer standards which promotes real-time participation from users.
Under these new rules wallet activation does not affect user eligibility for migration nor the eventual requirement to migrate completely. Through this update users gain quick access to functional tools that enable additional Mainnet participants regardless of verification status.
New Users Can Now Access Wallets via Third-Party Verification
Newcomers can access wallets through third-party KYC providers which include Banxa as one such platform. The network enables new users to get wallets and access applications by offering alternative identity verification solutions through third-party KYC providers.
The verification process allows users to begin working with supported applications and engage with domain services and commerce platforms operating within Mainnet. Through this option more users can enter the platform by accessing support for consistent onboarding processes that allow individuals to explore decentralized project functionality.
