Pi Mainnet Accelerates with Significant KYC Progress: Dr. Nicholas Addresses User Concerns
Dr. Nicholas has highlighted the significant acceleration achieved in the Pi Mainnet. Over the past 10 days, a large number of individuals who previously received KYC requests have successfully passed the verification, while those who were initially unsuccessful have also started receiving KYC invitations. The Mainnet listing currently displays 5 green, 6 green, and 7 green, with the eagerly awaited addition of the 8th green.
However, some users have not yet received their KYC invitations or have faced challenges in successfully completing the process. This may raise questions and concerns regarding the delays and reasons behind them. Addressing these concerns, Dr. Nicholas provided clarification during his recent speech. He explained that the KYC system underwent updates recently, addressing key issues that had been causing bottlenecks in the process. Consequently, those who had previously received but failed to pass the KYC requests are gradually seeing resolutions. It is an incremental process, and invitations are being sent out to individuals who are yet to receive their KYC requests. The team is receiving and processing these invitations on a daily basis.
Currently, the average processing time from receiving the KYC to successful verification is approximately 5 to 10 minutes. Dr. Nicholas anticipates significant improvements to the Mainnet in the third quarter, ensuring that two-thirds of the total for September and October will receive and successfully pass their KYC. Dr. Nicholas is well aware that time is running short.
Despite some pioneers expressing dissatisfaction with the speed of KYC processing and even questioning its usefulness, Dr. Nicholas emphasizes that KYC is a technology with a completely independent research and development background. Its innovation lies in its ability to simultaneously process over 230 different types of KYC, a unique achievement by Dr. Nicholas himself.
The Mainnet is expected to launch in October, with Dr. Nicholas announcing a new KYC algorithm, enabling another round of large-scale KYC verification. The subsequent 80% of the article primarily focuses on the KYC processing aspects.
Firstly, there is a change in the processing status for previously received KYC requests, transitioning from “provisionally approved” to full approval, indicating that once KYC is fully approved, individuals can proceed to the mapping phase.
Secondly, for users who have not yet received their KYC, a new pop-up prompt will appear, allowing them to confirm and receive their KYC after clicking the confirmation button.
Lastly, for those who have received but failed to pass the KYC, a new pop-up prompt will also appear, guiding them to continue the learning process and complete their KYC verification. These changes clearly demonstrate Dr. Nicholas’ commitment to driving project progress and gradually achieving the goal of openness.
In the current situation, there is no need for excessive worry. If one truly desires to achieve profitability and a better quality of life, it is crucial to closely align with the overall trend. Deviating from this trend and pursuing individual efforts often yield limited results. Therefore, making the right choices and doing the right things becomes paramount. Choosing Web3 will be an important step towards transformation and success.
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