Pi Network completes the first round of KYC reward distribution, with over 1 million validators helping power the mainnet launch

PI6,95%

Gate News message: Pi Network has completed the first round of KYC verifier reward disbursements, marking a key step forward in its mainnet rollout. More than 1 million verifiers have completed over 526 million identity verification tasks, helping the system confirm around 18 million global identities, demonstrating Pi Network’s ability to build a network with real users rather than machines.

The total reward pool exceeds 26 million Pi Coin, including approximately 16.5 million Pi Coin contributed by users and an additional 10 million Pi Coin provided by the Foundation. Each successful verification earns about 0.05 Pi Coin, which is higher than baseline mining rewards. Only users who complete at least 50 valid tasks and bind a mainnet wallet can claim the rewards; the rewards are sent directly to the blockchain wallet, enabling automated disbursement and transparent tracking.

The participation of more than a million verifiers not only supports the network’s normal operation, but also reflects the efficiency of human-machine collaboration. AI tools provide assistance for identity review, but the final decision is still made by humans, ensuring the accuracy and reliability of processing large volumes of data. This model not only applies to KYC verification, but may also be expanded in the future to application scenarios such as AI training and data validation, providing a foundation for digital labor.

Pi Network states that it will continue optimizing the verifier performance measurement mechanism, and plans to launch a new round of reward distribution in the future to attract more users to join the verifier ranks. As the network gradually enters the open network stage, the role of verifiers will become even more critical, and the level of activity and accuracy of users’ contributions will directly affect the overall ecosystem’s healthy operation.

This update shows that Pi Network is steadily transforming its massive user base into an active, efficient ecosystem, laying a solid foundation for mainnet functionality to come online and for future digital asset applications.

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 Requires Mainnet Upgrade to v22.1 by April 27 or Risk Disconnection

Pi Network announced a mandatory upgrade to Protocol version 22.1, requiring completion by April 27, 2026, to maintain network connection. The upgrade is seen positively for enhancing security and performance, with next version expected by May 11, 2026.

GateNews7h ago

Pi Network V23 Upgrade to Launch Smart Contracts, DApp Ecosystem, and DEX Next Month

Pi Network will launch its V23 upgrade next month, featuring smart contracts, a DApp ecosystem, and a decentralized exchange. With over 18 million KYC-verified users, this upgrade moves Pi towards practical applications and utility in its ecosystem.

GateNews04-16 05:41

Pi Network Agreement 23 Targets the Institutional Market, Smart Contracts, and RWA Tokenization to Launch in Early May

Pi Network officially went live with Protocol 23 on May 18, bringing smart contracts, real-world asset tokenization, and the AI App Studio, enabling Pi to transform from a payment token into a programmable blockchain infrastructure. The protocol covers four major functions, similar to Ethereum, and is expected to attract institutional investors. The upgraded node milestones signal market confidence and may affect Pi’s price performance.

MarketWhisper04-15 03:02

Pi Network 18 million users complete KYC, and 26.5 million PI are issued to verifiers

Pi Network distributes 26.5 million PI tokens to more than 1 million community members who have completed KYC verification, to accelerate user identity verification and strengthen the decentralized model. 18 million already-verified users have laid the groundwork for the ecosystem’s development, but the key lies in how to convert these users into active participants. With the protocol upgrade, Pi Network is moving toward the open network phase, and smart contract support signals richer application scenarios.

MarketWhisper04-14 05:07

Pi Network price hits a new 7-week low as a wave of 60 million token unlocks comes in

Pi Network's native token PI fell to $0.165 in April, hitting a 7-week low and leaving market sentiment weak. The unlock peak will release more than 60 million PI, adding downward pressure. Despite the core team recently publishing technical updates, it failed to improve market confidence and instead drew community criticism due to KYC access issues and the ongoing slide in price. Increased future supply could further drive prices lower.

MarketWhisper04-14 02:50

Pi Network Distributes 26.5M PI to 1M KYC Validators

Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators. These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that

Coinfomania04-13 13:30
Comment
0/400
GateUser-ff9d885avip
· 04-07 10:58
Is having a billion useful? Guarding a bunch of beauties and not letting anyone touch them—what's the point😂
View OriginalReply0
KunlunWarGodvip
· 04-07 09:06
A validator with 1 million, and I'm still at 9 yellow so far. This isn't working well.
View OriginalReply0