Pi Network Update: Team Launches Faster KYC Solution Amid Rising Complaints On Token Claim Delays

Pi Network introduced a new Fast Track KYC feature in an effort to address the problem of slow verification times that impact token claims. Many community members are hoping that this update will speed up their access to Pi tokens as they await the next stage of the mainnet migration.

Pi Network Rolls Out Faster KYC Process

In a recent blog post, the Pi Core team announced a new “Fast Track KYC” feature, built using more AI in the KYC flow. In the past, Pioneers had to complete a minimum of 30 mining sessions in order to be qualified to submit a KYC application. For new users eager to access the mainnet ecosystem, this process resulted in protracted delays.

Pi Network would enable early verification and mainnet wallet activation for even new users and non-users with Fast Track KYC.

Once approved, participants can engage with Pi apps, local commerce, and ecosystem events immediately. However, until users finish the standard migration checklist, which still requires full KYC, balances won’t be moved to the mainnet.

Importantly, Fast Track KYC is an internal solution built into the Pi Wallet app. This provides users with a secure, independent pathway that does not rely solely on third-party services like Banxa. Pi Core Team emphasized that the new system does not compromise quality. Applications will be rejected if they fail to meet normal KYC standards.

The community has received the update well, although slow migration timelines continue to worry many Pioneers. Some users interpret Fast Track KYC as an indication that the eagerly anticipated migration is about to happen. This gives fresh hope that pending tokens will soon be unlocked.

As CoinGape previously reported, the Pi Core Team made a mainnet migration hint, reminding members to double-check step three of the Mainnet checklist.

Ecosystem Developments Boost Confidence

Beyond KYC improvements, the project is building on its network framework. Pi Network recently integrated Stellar’s Protocol v23 on its testnet, confirming block validation at height 20,824,824. While only a testnet upgrade, the development demonstrates Pi’s ongoing blockchain optimization.

The team has also stepped up its visibility. The project was named a Gold sponsor at the TOKEN2049 event in Singapore. Its co-founder, Chengdiao Fan, is scheduled to deliver a keynote speech on October 1. With community members demanding greater openness from the Core Team, the event is anticipated to offer more details about the project’s roadmap.

Pi Coin is also making strides on the trading front. OKX introduced a PI/USDC pair, providing Pi’s global community with simpler liquidity options. In the meantime, Onramp Money shared that Pi Network would be fully supported in over 60 countries via its platform.

The recent developments have led to modest gains for the token price, which is currently trading at approximately $0.36. The network hopes to broaden its reach with this new feature, as over 14.8 million users have already undergone KYC verification and moved to the Mainnet.