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Expanding Accessibility to Pi Mainnet Ecosystem Through New Wallet Activation Opportunities
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Home » Blog » Expanding Accessibility to Pi Mainnet Ecosystem Through New Wallet Activation Opportunities
Inclusivity is a core part of Pi’s vision, and Pi’s Mainnet ecosystem has just been made much more accessible to identity-verified individuals, including fully and tentatively KYC’d Pioneers.
The new Mainnet wallet activation feature enables identity-verified Pioneers, including those who are fully KYC’d and most who are tentatively KYC’d, to be able to activate their wallet on the Pi Mainnet blockchain. This unblocks their participation in, and broadens the inclusion of, the Pi Mainnet ecosystem.
Mainnet Wallet Activation
Though Mainnet migration is ongoing and the network is committed to speeding up and completing migrations, migration takes more time because, in addition to the identity verification, complex processes and analyses need to run and users need to take actions to ensure the right amount of Pi is securely distributed to real Pioneers who did not cheat. The decoupling of Mainnet migrations from the ability to have a Mainnet wallet helps expand access to engage with the Pi Mainnet ecosystem to millions, while it still ensures that all participants in the Pi Mainnet have verified their identity through KYC or KYB.
Eligible Pioneers can go to the Pi Wallet app in the Pi Browser to get started.
Furthermore, people who are not yet Pi users (non-users) can access the Pi Mainnet blockchain and ecosystem in a much simpler manner via another new feature released today. This feature is available in supported regions through third-party services that integrate with Pi. Non-users can now easily obtain a wallet on the Pi Mainnet blockchain after passing similar KYC requirements on those third-party services to participate in the Pi Mainnet ecosystem. Important note for Pioneers: Passing third-party KYC will only enable Mainnet wallet creation, and it will NOT have an impact on Pioneers’ Mainnet migration for the reasons mentioned above.
Note: Pi is exploring the expansion of KYC authority—the ability to perform KYC for Pioneers—to third-parties that meet the same and equivalent standard. However, third-party services may not have the same scalability or wide geolocation coverage as Pi Network based on their own business considerations. So, any third-party services that Pi is experimenting with are in a pilot beta phase. The first such third-party service, an onramp, has recently integrated with Pi after passing KYB requirements. This service has its own geolocation restrictions and is not available to all countries and regions. While the integration has been tested and is ready for Pioneers to start using, being in the beta testing phase means that the integration may require further iterations and improvements in order to scale to handle Pi’s tens of millions of users, and may be paused or adjusted in the future. Pioneers can provide feedback about the service through Pi’s official communication channels and apps. We invite other onramps to apply for KYB verification as well.
Before this feature, the only way for non-users to participate in the Pi Mainnet ecosystem was to start from scratch to mine the minimum 30 mining sessions after registering an account, pass Pi KYC, and complete Mainnet migration steps to migrate, which can overall take a long time. This feature largely reduces the steps and time required for non-users to receive Mainnet wallets and interact directly with Pi utilities, which in turn onboards more people into the Pi Mainnet ecosystem sooner—while still upholding our network security and KYC standards.
Also, unlike non-users—who only transact Pi on centralized exchanges, do not actually possess Pi on the Mainnet blockchain, and cannot directly participate and contribute to the Pi Mainnet ecosystem—the non-users onboarded through this feature will own a Mainnet wallet on the Pi Mainnet blockchain. Therefore, they are able to participate directly in Pi apps, Pi local commerce, and events such as the .pi Domain Auction, expanding the potential contributions to our ecosystem from non-users.
In addition, this feature signifies a new change for more openness, where Pi is authorizing the first third-party to perform KYC for Pioneers outside the native Pi KYC solution, after KYB verification and the validation of the standards of the third-party service’s KYC procedure. This expansion of KYC authority to this third-party service for wallet creation is also part of the effort to improve the accessibility and inclusivity of the Pi Mainnet overall. The third-party service is Banxa, the onramp mentioned earlier, and it is listed as a KYB’d service on the official Pi webpage.
