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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network co-founder announces the activation of Protocol 23, introducing smart contract functionality for the first time
Pi Network co-founder Dr. Chengdiao Fan and Nicolas Kokkalis announced at the Consensus 2026 conference held in Miami on May 6 and 7 that Protocol 23 will be activated on May 11, a major upgrade introducing the first full smart contract capabilities for the Pi blockchain.
MarketWhisper38m ago
Pi Network Hits 421,000 Active Nodes Ahead of Protocol 23 Smart Contract Launch
According to Pi Core Team, Pi Network's mainnet reached 421,000 active nodes on May 3, with over 10 billion PI tokens migrated to mainnet. The network is preparing for Protocol 23 launch, which will activate full smart contract functionality for the first time, enabling developers to build DeFi
GateNews05-03 15:11
Pi Network Token Reclaims $2 Billion Market Cap After 11% Weekly Gain on April 29
According to CoinGecko data, Pi Network's token (PI) reclaimed a $2 billion market capitalization on April 29, following an 11% gain over the past week. The token touched a monthly high near $0.20 before consolidating slightly as traders took profits at the resistance level.
The network completed i
GateNews04-29 17:01
Pi Network: 1 Million KYC Users Complete 526 Million AI Verification Tasks
According to an article published on April 28 on the official Pi Network website, Pi Network announced that its decentralized workforce infrastructure has been completed by more than 1 million KYC identity-verified users with over 526 million verification tasks. The tasks are part of Pi’s native KYC system, and contributors are compensated with Pi tokens.
MarketWhisper04-29 01:59
Pi Network Breaks Year-Long Resistance as Analyst Maps 1,400% Rally to $2.80
Gate News message, April 28 — Pi Network has broken through a resistance level that held for over a year, reigniting interest in the cryptocurrency ahead of Consensus 2026 in Miami, where the project's founders are scheduled to speak. With 10.2 billion tokens in circulation and a market cap of $1.91
GateNews04-28 07:41
