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Pi Network’s core team has released a statement describing its approach to user growth, linking it directly to the KYC process. The mobile mining network says it now has more than 18 million Pioneers who have completed personal verification, which unlocks their mined Pi Coins for eventual migration to Pi Wallet.
The team argues that Pi’s user metrics differ from those used by many other networks. While Pi reports over 18 million identity-verified users, it emphasizes that “1 million verified users on Pi” is not equivalent to “1 million users on other networks,” because many networks measure growth by accounts rather than verified identities.
According to the team, mainnet transaction measures are intended to reduce spam and increase trust. It says that if identities are not clear, it becomes harder to trust that transfers are valid and that they reached the intended recipient. The statement also contrasts this approach with the common DeFi view that concealed identities are preferable.
At the same time, Pi’s KYB (Know Your Business) model is described as supporting KYC-abundant transactions as part of routine activity. The team says this can introduce a credit score and trust rating for both merchants and customers, positioning it as a blockchain feature that reduces reliance on external feedback.
In the statement’s market context, Pi’s native coin (PI) is cited as priced at $0.167, trading within a narrow $0.16 to $0.17 range over the past week. The content notes that with roughly 18 million out of 70 million Pioneers having completed KYC, price movement is presented as depending on adoption as much as community size.
The content also points to the upcoming Double Pi Day event, with Pioneers expecting another major listing. It frames the combination of 18M+ verified users and a high-profile event as a potential catalyst for momentum.
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