Standard KYC to use Fast Track KYC AI eligibility system

Pi Network is set to incorporate artificial intelligence (AI) into its Standard Know Your Customer (KYC) process. This technology has already undergone successful testing within its Fast Track KYC system, which was launched in September.

The Pi development team stated in a blog post that the integration of AI into the KYC process is intended to expedite identity verification and alleviate migration bottlenecks for the millions of users preparing for the Mainnet.

Given that the Standard KYC mechanism serves as the primary gateway for Pioneers to migrate their accounts to Mainnet, the Pi Core Team is leveraging AI to enhance the system's capacity to process applications. The goal is to reduce the backlog of KYC submissions awaiting human review by half.

Standard KYC Adopts Fast Track KYC AI Eligibility System

Previously, under the Standard KYC model, users were required to complete at least 30 mining sessions before they could submit a Standard KYC application. The introduction of the Fast Track KYC system in September removed this prerequisite, enabling early identity verification for users with fewer than 30 mining sessions, including individuals who were not yet active Pioneers.

Pioneers who meet the eligibility criteria for Fast Track KYC will see the option directly within the Pi Wallet app. Upon approval, they can then activate their Mainnet wallet. Following several months of evaluation, Pi Network has decided to integrate the AI technology underpinning the Fast Track KYC system into the broader Standard KYC workflow for migration purposes.

According to the project's developers, AI will improve the system's capacity by addressing shortages of validators in specific regions. These shortages had previously slowed down migration in markets where fewer participants were available to process data.

Furthermore, the AI integration will reduce the workload on human validators and minimize the amount of information they need to review. Sensitive data was already redacted prior to this update, and the new process will display even less, yet accurate, information.

"Since the AI reviews are purposefully set to be very conservative to prevent false positives, any unsure cases are still further routed to human validators for further verification and determination, and for reducing the AI’s false negatives, or cases that should be passed but were rejected by AI," the team wrote in a blog post.

Human validators will continue to play a role in reviewing complex or uncertain cases. However, the automated reviews are expected to free up a segment of the human workforce for new services within the ecosystem, such as providing feedback for AI models and contributing to their training.

Pi Network Schedules Rewards for Validators

In a recent blog update, the Pi team announced that the distribution of rewards for the validator community is currently underway. The initial payment cycle necessitates a comprehensive audit and assessment of task data that has been generated since 2021.

Engineers are in the process of reviewing hundreds of millions of validation tasks performed across various stages of the system's development. This includes tasks from beta periods, testing phases, bootstrapping phases, and the current scaled environment. They are also factoring in discrepancies related to task type, quality, and outcome.

The developers have indicated that the validator reward program will feature a fair distribution model that acknowledges differences in work volume and quality. Validators are required to establish an architecture capable of delivering rewards to Pioneers and supporting future reward cycles. The distribution system is slated to go live by the end of the first quarter of 2026.

The project is requesting approximately three million individuals with Tentatively KYC'd statuses to complete the required liveness checks within the app. To date, 17.5 million Pioneers have successfully passed KYC, and 15.7 million have migrated to the Mainnet.

PI Price Declines 4.8% in 24 Hours Amidst Lawsuit

The PI token recently fell below its 30-day simple moving average of $0.232 and is now approaching a double-top neckline at $0.204. Over the past 24 hours, the coin has experienced a decline of nearly 5%, bringing its total weekly losses to 10.71%.

Adding to recent market pressures, Pi Network's parent company, SocialChain Inc., is facing a lawsuit filed by Arizona resident Harro Moen in the US District Court for the Northern District of California in late October. A hearing for this case is scheduled for December 23.

Moen's lawsuit alleges an unauthorized transfer of approximately 5,137 Pi tokens from his wallet. The plaintiff further claims to have incurred significant financial losses due to the "collapse in token value," stating that when PI dropped from its perceived "real value" of $307.49 to $1.67, he experienced a loss of nearly $2 million.