- Pi Network reported 18.1M KYC approvals and 16.72M Mainnet migrations, but many Pioneers still face tentative KYC delays.
- PI trades near $0.17 as 174M tokens may unlock before month-end, keeping traders cautious despite KYC progress.
Pi Network has reported a new Know Your Customer milestone, with more than 18.1 million users now fully verified through its native KYC system. The update places identity checks back at the center of the project’s progress, even as many Pioneers continue to question long delays, tentative approvals, and weak PI price action.
The network also said more than 16.72 million users have completed the Mainnet migration. In April alone, Pi recorded over 100,000 KYC approvals and 30,000 Mainnet migrations. These figures show that verification continues, although the pace has not ended complaints from users still waiting for final approval.
— Pi Network (@PiCoreTeam) May 12, 2026
Pi Network built its KYC model around a “one person, one account” system. The process aims to block bots, duplicate users, and fake accounts before balances move to Mainnet. The project says this structure helps protect fairness across the ecosystem, especially as millions of users wait to access their migrated coins.
However, the latest update drew a sharp response from parts of the community. Several Pioneers said they have remained in Tentative KYC status for months, despite submitting documents and completing earlier checks. Some users also questioned why a large network with millions of verified accounts still has unresolved cases after years of development.
Pi Network has tried to clarify the meaning of Tentative KYC. The team said the status does not mean rejection. Instead, it means an account needs more review before full approval.
Pi Network’s KYC Progress Meets User Frustration
The Pi Core Team says its KYC process combines human reviewers with AI-assisted fraud detection. According to the team, more than 1 million people have helped process about 526 million verification tasks. Each application also goes through roughly 30 checks before approval.
That strict process remains central to Pi Network’s defense of the delays. The team says easy approvals could allow duplicate accounts to reach Mainnet, distort rewards, and weaken trust in apps that rely on verified users. It argues that stronger checks support a fairer network, even when the process takes longer for some accounts.
Pi Network also said a system upgrade launched in October 2025 helped move more than 3.36 million Pioneers from Tentative status to full KYC approval. The team has advised users to complete available liveness checks, review their submitted details, and continue mining activity, which may trigger further system checks.
The project has also tested AI tools and palm print checks as part of broader verification upgrades. These tools could support liveness checks, account recovery, password resets, and other safety processes.
Most recently, Pi Network founders Chengdiao Fan and Nicolas Kokkalis said AI could make human identity verification more important for crypto utility.
The KYC update comes as PI continues to face market pressure. PI coin traded near $0.17, down over 8% in the past week and far below its February 2025 high of $2.99.
Token supply also remains a concern. Recent reports said that about 174 million previously locked PI tokens could enter circulation before the end of May. That expected unlock may add selling pressure if demand fails to improve.
Pi Network has also continued technical work, including its mainnet v21 upgrade and a testnet RPC server for developers. The next focus sits on Protocol 23, with May 15 set as the deadline for mainnet nodes to complete the upgrade.
