Pi Network has introduced a new automated process designed to resolve tentative KYC statuses for an estimated 3 million participants, known as Pioneers.
This update allows affected users to complete additional liveness verification steps directly within the Pi app, potentially clearing the path for full account activation and participation in the network’s ecosystem.
The initiative targets Pioneers who have previously received tentative KYC approvals but require further checks to meet compliance standards.
By submitting the requested liveness verifications—typically involving real-time facial recognition or similar biometric confirmations—users can expedite the unblocking of their accounts.
Pi Network emphasized the urgency, urging eligible Pioneers to act promptly to avoid any delays in accessing features like wallet migrations or future mainnet interactions.
This move comes as Pi Network continues its preparations for broader mainnet rollout, including alignment with international standards such as ISO 20022 for enhanced interoperability in financial systems.
With over 50 million registered users globally, the project aims to democratize cryptocurrency access through mobile mining, though it remains in a semi-enclosed phase with ongoing testing and refinements.
Market Reaction: Pi IOU Price Bucks Downward Trend in Crypto Market
The announcement appears to have injected optimism into the Pi community, reflected in the token’s IOU (I Owe You) trading prices on various platforms. Since the update was shared on October 28, 2025, Pi’s IOU value has risen approximately 3.1%, climbing from around $0.257 to a current level of about $0.265 USD.
This modest gain stands in contrast to the broader cryptocurrency market, which has seen declines over the past 24 hours amid general volatility.
For comparison, here’s a snapshot of price changes for popular coins since roughly the time of the announcement (based on 24-hour data as of October 29, 2025):
| Coin | Current Price (USD) | 24-Hour Change |
|——|———————|—————-|
| Bitcoin (BTC) | $114,289 | -1.2% |
| Ethereum (ETH) | $4,120 | -2.1% |
| BNB | $1,131 | -2.2% |
| Solana (SOL) | $200.39 | 0% (flat) |
| XRP | $2.62 | -0.7% |
While major assets like BTC and ETH have dipped due to factors such as ETF inflow slowdowns and macroeconomic pressures, Pi’s IOU has shown resilience, possibly driven by renewed community engagement and speculation around impending mainnet advancements.
However, IOU prices represent pre-mainnet trading and may not directly correlate with official token values post-launch, carrying inherent risks for traders.
Pi Network’s focus on compliance and user onboarding could position it for stronger adoption in the coming months, especially as it navigates regulatory hurdles and expands its decentralized app ecosystem.
Pioneers are advised to monitor the app for personalized instructions and complete verifications to stay ahead.
