TL;DR
- Pi Network introduces Fast Track KYC to speed up the verification process – finally!
- Despite the excitement, PI token has made its way to the Solana blockchain but seems to have missed the memo about rising in price.
The New Feature
The brilliant minds behind Pi Network have, at long last, bestowed upon us the Fast Track KYC – an ingenious little update that leverages the ever-growing powers of AI. The feature promises to allow Pioneers (yes, even those who have not yet seen the light of Pi) to complete KYC and enter the Mainnet ecosystem at lightning speed.
“This update builds on Pi’s expansion of wallet activation eligibility – where KYC’d individuals can now activate wallets even before completing Mainnet migration – and continues the network’s mission to increase accessibility while maintaining strong security standards,” the announcement reads.
Now, don’t get too excited – activating a Mainnet wallet doesn’t mean you’re off the hook for waiting for your mined balances to appear. They’re still not going anywhere until you complete all the necessary hoops (because, you know, security). Still, the idea of activating wallets faster than a speeding bullet is undeniably a step in the right direction. So, hats off to Pi for that!
In a move that finally gives Banxa some competition, Fast Track KYC lets verified users join the party earlier. This should, in theory, help Pi Network’s mission of creating a utility-driven digital ecosystem, powered by *real* users (how novel!).
“By enabling new Pioneers to participate earlier, this feature expands the ability to engage a larger verified audience, which supports developers and accelerates the use and testing of ecosystem apps,” the team added.
How Does it Work?
New to Pi Network? You’ll have to complete at least 30 mining sessions before you even think about submitting a standard KYC application. While this caused a rather annoying “natural delay” for many, Fast Track KYC swoops in like a white knight, allowing users to bypass this tedious process (or at least part of it) and activate their Mainnet wallet with fewer than 30 sessions.
“If eligible, users will see this option directly within the Pi Wallet app, allowing them to begin KYC and, once verified, gain immediate access to the Pi Mainnet wallet and its utilities,” the disclosure says.
PI and Solana?
And now, for the part of the update that’s sure to get your attention (if not your wallet): PI has reportedly joined forces with Solana. Yes, you heard that right – it’s on the Solana blockchain, a move that’s supposed to make everything faster. But here’s the catch: PI’s price didn’t quite mirror the excitement. It’s still on a minor decline (just 0.5% in the last 24 hours, nothing major – sarcasm intended), sitting at around $0.35, down a rather staggering 90% from its peak of $3 in early 2025.
“With Solana’s lightning-fast transactions and scalable ecosystem, this marks a historic milestone for Pi Network,” said the ever-optimistic X user MOON JEFF.
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2025-09-20 02:00