Standard KYC to Implement Fast Track KYC AI Eligibility System
AI Integration in KYC: Pi Network is incorporating AI into its Standard Know Your Customer (KYC) process to expedite identity verification and alleviate migration bottlenecks for users transitioning to Mainnet, building on the success of its Fast Track KYC system.
Validator Rewards and Distribution: The Pi team is implementing a fair distribution model for validator rewards, with the system set to launch by the end of Q1 2026, while also urging users with Tentatively KYC’d statuses to complete necessary checks.
Token Value Decline: The PI token has recently experienced a 4.8% drop in value, falling below its 30-day moving average, contributing to a total weekly loss of over 10%.
Lawsuit Against SocialChain: Pi Network's parent company, SocialChain Inc., is facing a lawsuit from a user claiming unauthorized transfer of tokens and financial losses due to a significant drop in token value.
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