Pi Network Users Urged to Verify KYB List Before Engaging in Mainnet Transactions

As the Pi Network ecosystem expands and adoption of its native currency, Pi Coin, accelerates worldwide, the Pi Core Team is urging all Pioneers to prioritize security when conducting transactions. A key aspect of this guidance involves consistently verifying the official Know Your Business (KYB) list before engaging with any business that claims to operate on the Pi Mainnet.

This measure, the team emphasizes, is designed to protect users from potential scams, impersonations, or unauthorized commercial entities. In a fast-evolving digital currency landscape, due diligence and vigilance are no longer optional—they are essential.

The Rise of Pi Mainnet and the KYB Framework

The launch of the Pi Mainnet marked a pivotal step for the Pi Network project, transitioning from testnet experimentation to real-world utility. With over 60 million Pioneers around the globe, the excitement surrounding peer-to-peer transactions using Pi has grown rapidly. As more vendors and service providers begin accepting Pi as a method of payment, the risk of encountering fraudulent or unverified operations has likewise increased.

To mitigate this, the Pi Core Team introduced the KYB verification system. Much like the familiar KYC (Know Your Customer) process used to verify individual users, KYB applies similar scrutiny to business entities. Only businesses that undergo and pass this vetting process are officially recognized as Pi-verified.

What Is KYB and Why Does It Matter?

KYB, or "Know Your Business," is a standardized process that verifies the authenticity and legitimacy of a commercial enterprise. In the context of Pi Network, the KYB protocol ensures that businesses claiming to accept Pi for goods or services are:

• Legally registered and operating within their jurisdiction.

• Verified by the Pi Core Team through documentation and due diligence.

• Compliant with Pi Network’s policies for safe and ethical transactions.

Failure to verify a business before transacting could result in serious consequences. These include the loss of Pi coins, the inability to retrieve products or services, or even becoming entangled in fraudulent schemes.

The Official KYB List: Your First Line of Defense

Pioneers are strongly advised to consult the official KYB directory, accessible via the Pi Browser or the official Pi Network app. This list includes the names, business categories, geographic locations, and contact information of all Pi-verified merchants.

Here’s how to verify a business:

1. Open the Pi Browser.

2. Navigate to the KYB section or search "KYB Directory" in the search bar.

3. Enter the business name or region to locate its verification status.

4. Ensure the business name matches exactly, as impersonators may use similar branding.

If a business is not listed, it is not verified—regardless of what it claims.

Scams and Misuse on the Rise: Real-World Cases

Since the soft launch of the Pi Mainnet in late 2024, a small but growing number of scams have been reported within the community. In some cases, fake vendors have set up social media pages and Telegram channels, claiming to offer discounted goods in exchange for Pi Coin. Victims have reported paying Pi for electronics, clothing, or services that were never delivered.

Other fraudulent schemes involve impersonating verified businesses or using near-identical logos to confuse unsuspecting Pioneers. In many of these cases, victims failed to check the KYB list before sending funds, highlighting the importance of this crucial step.

According to Pi Core Team statements, enforcement measures are underway to address these issues, including permanent bans and community warnings. However, prevention remains the most effective tool.

Community Responsibility: Shared Vigilance in the Pi Economy

As Pi Network moves toward Open Mainnet, community integrity becomes a collective responsibility. By taking simple actions—like checking the KYB list, reporting suspicious activity, and encouraging others to do the same—Pioneers help create a safe, trusted, and transparent economic environment.

Here are recommended best practices:

• Never send Pi to an unverified business.

• Report any suspicious activity directly via the Pi Network Help Center or official community channels.

• Educate fellow Pioneers about the importance of KYB verification.

• Bookmark the official KYB directory for easy future reference.

Even one wrong transaction can undermine trust in the ecosystem. By practicing caution, the community protects not only its individual members but the broader reputation of Pi Network as a secure and forward-thinking platform.

The Core Team’s Vision for KYB

According to recent statements by Pi Core Team leaders, KYB verification is not merely a security measure—it is foundational to the ecosystem’s structure. KYB-approved businesses will be first in line for major future features, including:

• Integration with the Pi Commerce API, allowing seamless checkout using Pi Coin.

• Access to marketing resources and visibility within the Pi Browser and app.

• Eligibility for community-led endorsements and trust badges.

This vetting system also aligns with evolving global compliance standards. As cryptocurrency regulations tighten around the world, especially for commercial use, KYB ensures that Pi Network remains a compliant, scalable, and ethical project.

The Future of Decentralized Commerce on Pi

The Pi Core Team envisions a decentralized global marketplace where individuals and businesses can interact without traditional intermediaries. However, this vision can only be realized with a secure infrastructure in place—and that begins with trust.

By upholding the KYB standard, Pi Network can continue to grow responsibly. For businesses, it signals an opportunity to gain early access to a robust and innovative payment system. For users, it ensures protection in every transaction.

📣Always refer to our verified KYB list when engaging with businesses claiming to be on Pi Mainnet. This ensures your interactions are secure and trustworthy. Stay informed and protect your interests! 🔒✨

BUY & HOLD $PI pic.twitter.com/XaeNEqXIWp

— open mainnet (@openmainnet) June 12, 2025

As the utility of Pi Coin expands to sectors like retail, hospitality, transportation, and even healthcare, the role of KYB will become increasingly critical. Pioneers who master these tools now will be better equipped to thrive in the fully realized Pi economy.

Final Thoughts

In the rapidly advancing world of digital currencies, security is not optional—it is essential. As Pi Network continues to grow and onboard real-world use cases, Pioneers are reminded that due diligence is a personal responsibility.

Before sending any Pi Coin or engaging with any service claiming to be Mainnet-integrated, always consult the official KYB list. This small step could protect you from significant losses, strengthen the ecosystem, and ensure that the world of decentralized commerce remains open, honest, and secure for all.

Stay informed. Stay vigilant. Stay Pi-smart.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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