Hello Pi Friends👋
To answer this frequent question. First we need to understand why KYC verification is very important in acquiring Pi Network Cryptocurrency. You can read it here WHAT IS KYC to have a deeper understanding of KYC process.
The only reason why we “Pioneers” have to go through KYC verification process is to prevent bad actors from abusing this awesome project. As we all know people will do anything to get ahead and take advantage of the system for their own selfish gain. Like creating multiple accounts or bots that mines Pi and then transfer all mined Pi to their main account once mainnet is launced. This is cheating and against Pi Network (OPOA) policy - One Person - One Account Policy. KYC verification process will prevent this kind of behavior, KYC is a very smart idea from the Pi Network developers.
Your mined Pi is yours forever
Your earned Pi is forever yours knowing that you are going to pass KYC? The only amount of Pi you will not be able to claim if your team does not KYC are from your Pi referral bonus you accumulated through your earning team members and SC if they don’t KYC. If you have 10 members in your earning team and 100% security circles the bonus from these roles, you will not be able to claim if they don’t pass the KYC process.
see below 👇👇👇
Available balance for transfer (IAT)
Available Balance means a subset of your total balance mined by you only, excluding all the referral bonuses and security circle rewards which will become available later when your earning team and security circle members pass KYC.
To summarize this: You will only be able to claim the bonus from your referrals and security circles if they pass KYC.
This is the example of your ET and SC bonus
As Pi Network Ambassador in order for you to get the bonus make sure to remind people in your earning team to complete and pass KYC.