Pi Network, a Web3 app ecosystem and developer platform with a community of tens of millions of humans mining and using Pi cryptocurrency, announced today that 10 million Pioneers have completed identity verification through its native Know Your Customer (KYC) solution, Pi KYC. The milestone was reached soon after a community challenge announced on PiDay, March 14.
Pi KYC is a unique and proprietary approach that combines machine automation and crowdsourced, hyperlocal human verification to accomplish secure, accurate and efficient KYC. It was born out of a lack of scalability, financial accessibility and global reach from other third-party market solutions.
