E don happen for crypto world as Pi Network, dat decentralized project wey dey run for mobile, don finally pay out first rewards to dem wey help verify users. After dem do over 526 million KYC checks, di network don start to settle accounts for validators wey dey work since 2021.
For those wey no sabi, KYC na “Know Your Customer” process wey companies dey use to confirm say person na real person. For Pi Network, dis one na important step to make sure say no fake accounts dey inside dia system. Validators na di people wey dey check di documents wey users submit—like passport or driver license—to confirm say dem na real.
Di payment na small milestone for Pi Network, wey still dey in mainnet enclosed phase. Dis mean say users fit only transact with verified people inside di network. Di KYC process don help reduce fake accounts and improve security, according to di network developers.
Rewards for validators dey based on how many checks dem complete. Di more KYC checks wey person verify, di more Pi tokens dem go collect. Dis system dey encourage people to help verify users and make di network stronger.
Pi Network don face some criticism over di years because of di slow pace of mainnet launch and KYC process. But dis first reward payment show say di network dey make progress. Validators wey don receive dia rewards dey happy say dia work don finally pay off.
Di network still get millions of users wey dey wait for dia own KYC verification. With 526 million checks wey don complete, di process dey move forward, but many users still dey queue. Di developers say dem dey work to speed up di verification process.
For now, Pi tokens no dey trade for major exchanges. Di value dey determined by peer-to-peer transactions inside di network. Di KYC rewards na part of di plan to build real economic activity before full mainnet launch.
As di network dey grow, di role of validators go remain important. Dem na di gatekeepers wey dey ensure say only verified users dey participate. With dis first payment, Pi Network don show say dem dey serious about rewarding dem wey dey help build di ecosystem.
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