Pi Network Tests Palm Print KYC as 189M Token Unlock Nears

Coinfomania
PI-5,91%

Pi Network has started testing a new palm print check inside its KYC system. The update comes as the network prepares for its biggest token unlock of the year. Around 189 million PI tokens are set to unlock in February. This creates pressure on supply and price. With that, the team is trying to strengthen identity checks before more users enter the mainnet.

Palm Print KYC Enters Beta

The new feature uses palm print patterns to confirm user identity. It adds another way to prove that a real person is behind an account. First, Pi Network is giving this option to new users who apply for KYC. Later, it will roll out to early users who already passed checks.

The goal is to stop fake accounts and speed up approvals. Palm print scans act as a liveness test. They work alongside face scans and ID checks. Supporters say this makes it harder to cheat the system. Pi Network also says the method protects privacy because it doesn’t rely only on face data.

Migration Push and Validator Rewards

This test follows a large migration update in January. Pi unblocked about 2.5 million users who were stuck due to regional or security checks. These users can now move their balances to mainnet if they stay active and finish the checklist. The Pi network also plans to pay KYC validators soon. Rewards are expected by the end of March. Testing for this system is still ongoing. Validators review user applications and help filter out bad actors. With more users joining, Pi needs more reviewers to keep things moving.

Token Unlock Adds Pressure

February will see the largest monthly unlock so far. About 189 million PI tokens will enter circulation. January already released around 134 million. Many users link these unlocks to recent price weakness. More tokens mean more supply. That often leads to selling pressure.

Community posts describe this month as a “stress test.” Pi now has over 16 million users migrated to mainnet. Around 3 million more are in progress. Supporters say strong identity checks are needed before more supply hits the market. They argue that trust matters more than speed right now.

What This Means for the Pi Network

The timing of the palm print test is not random. Pi is trying to show that growth comes with tighter rules. More users and more tokens need stronger controls. Palm print KYC fits that story. Still, not everyone is convinced. Some users worry about delays and data use. While others say the project must move faster toward open mainnet and real utility.

Currently, Pi Network wants to meet the token unlock with better security. It wants fewer bots and more real people. Whether this helps price or adoption is still unknown. But the network is choosing to focus on trust as supply rises.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Pi Network’s First Big Post–Pi Day Announcement Leaves Pioneers Unimpressed

It has been two weeks since the conclusion of the much-anticipated Pi Day (March 14), in which the Core Team behind Pi Network announced some major updates and progress on key infrastructure developments. One of those garnered the community’s attention, as many of them have been waiting for a

CryptoPotato1h ago

Pi Network Launches Second Phase Migration: Referral Rewards Unlocked, Mainnet Progress Accelerated

Pi Network will advance the mainnet's second phase migration after Pi Day in 2026, with over 119,000 users participating. This upgrade allows users who have completed KYC verification to transfer referral rewards, accelerating identity verification. The system calculates mining and referral data one by one to ensure fair distribution. Users must enable two-factor authentication to transfer assets. The platform is also expanding application scenarios, shifting its focus from user growth to ecosystem development.

GateNews5h ago

Pi Network's second migration accelerates + exchange reserves hit new highs, exposing the logic behind the pressure on PI prices.

The Pi Network ecosystem has entered a critical stage of advancement, with over 119,000 users completing the second migration, marking progress in the mainnet expansion. Despite increased user activity, the number of PI on trading platforms has risen, and holders tend to circulate in the market, causing price pressure. The current price is about $0.18, down 94% from its peak. Future trends will depend on application implementation and real demand.

GateNews5h ago

Pi Network completes second migration, PI reserves increase by 79.5% raising market awareness.

Pi Network announced on March 27 that more than 119,000 users have completed the second migration, successfully transferring mining rewards to the mainnet. On-chain data shows that Pi’s reserves on centralized exchanges reached 472 million coins, up 79.5%, and potential supply pressure may affect the token’s price movement. Pi Network also launched the Pi Launchpad and the Pi App Studio, marking the development of its ecosystem.

MarketWhisper7h ago

Is Pi Coin repeating the same model that led to the previous 76% surge?

The price of Pi Coin (PI) is currently hovering around 0.188 USD after several sessions of sideways accumulation in a compressed range. However, the 8-hour chart is reflecting a similar cash flow structure to the period before the market experienced a strong increase of 76% earlier this month. In the period from February 28 to March 4, gi

TapChiBitcoin7h ago

Pi DEX integrates DeFi, establishing a dual-track asset trading mechanism for Pi coins.

Pi Network expands token trading channels through Pi DEX (decentralized exchange), strengthening the liquidity and market demand for Pi coins. Pi DEX pairs Pi coins with all other tokens, offering users a dual-track asset acquisition mechanism, including participation in practical applications and market trading. The platform's launch marks Pi Network's transition toward a mature blockchain network, but market evaluations remain cautious. In the future, Pi Network plans to further expand support for financial applications.

MarketWhisper12h ago
Comment
0/400
No comments