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

PI-1,27%

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.

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