First of all, KYC has three meanings.
1. Guarantee community value
In the blockchain field, all aspects of digital asset circulation need a real-name registration system, which is the general trend. Choosing real participants in the community through the real-name registration system and avoiding the generation of false big data will definitely enhance the value of the community.
2. Respond to the regulatory level
The blockchain field is chaotic, and the regulatory authorities will not always ignore it, and they will inevitably formulate rules for supervision. Pi network is legal and compliant. For the healthier development of Pi network, when supervision is needed, PI will not face the supervision risk brought by too many false users.
3. Protect personal assets
Property rights must be bound and managed by law, and also protected by law. Only by adopting the real-name registration system can we ensure the inviolability of assets.
Therefore, from the perspective of community value, blockchain supervision and asset protection, choosing KYC real-name authentication is the only way for the healthy development of blockchain network. When digging pi coins, one account per person is enough. Because even if more accounts are opened, KYC can only authenticate one account when authenticating its real name.
Second, what is KYC certification?
KYC is the abbreviation of English Know Your Customer, which translates to know your customer. This is a review of account holders to ensure the legitimacy of the source of funds, and it is also the institutional basis for preventing money laundering and corruption.
KYC is like the loading of personal user profile information, such as real name, telephone number, ID number, property status and so on. Just like when we open an account in a bank, we need to fill in a lot of personal information. This is KYC, and the bank is learning about its customers. KYC is necessary for enterprises to manage and protect their own and users' property safety and meet the regulatory requirements of government departments.
Third, there is a charge for Pi currency authentication.
There is no charge, and there is no official charge reminder at present.