I. pi coin kyc certification refers to the authentication of pi coin community members, and also for global pi coin users. According to pinetwork, kyc authentication is free of charge. But for now, only selected pioneers can get kyc certification for free. The main reason is that pinetwork's kyc program is not yet complete.

Two, KYC, is the English KnowYourCustomer abbreviation, this vocabulary with the translation of the direct translation of the meaning of the raw: know your customers. The translation of the meaning of the word is very direct. But it lacks some poetry. Professional interpretation of KYC means: is a financial institutions, banks, exchanges and other businesses must carry out an operational rule.

Three, KYC in Qi's view is more like a user's personal profile information contained in the record, such as real name, telephone, document number, appearance characteristics, property status, social relations and so on. In fact, you go to the bank to open an account, you need to fill out a lot of detailed personal information, which is KYC. or you go to open an Alipay, WeChat Pay, also need to real-name authentication (fill in the real name, cell phone number and ID card number), these are the KYC. KYC for business management, to protect their own and the user's property security, as well as to meet the requirements of the government departments of the regulatory requirements, are very necessary.

Four, we all know that cryptocurrencies have decentralized characteristics. It also has a certain anonymity characteristic, which is somehow contrary to KYC. Moreover, cryptocurrencies were previously not subject to government regulation and laws, so the requirements of KYC were not so strict on exchanges in the past. However, in the past few years, there have been frequent frauds and thefts in cryptocurrency transactions, as well as illegal elements using cryptocurrencies for fundraising, money laundering, drug trafficking and other illegal behaviors, so KYC has gradually become a rule that cryptocurrency exchanges have to implement under the impetus of governments and financial regulators in various countries.

Fifth, to protect the value of the community, the blockchain field, digital asset circulation in all aspects of the real name system is required, this is the general trend. Through the real name system, the real participants of the community are selected to avoid the generation of false big data, which will certainly significantly increase the value of blockchain coins. Responding to the regulatory level, the blockchain field is relatively chaotic, the regulator will not always be indifferent, and will inevitably formulate rules to regulate. The Babbitt community is legally compliant, and in order for the community to develop more healthily, it will fully cooperate when it needs to be regulated. Protection of personal assets, property rights are bound by the law and regulated, and by the same token, protected by the law. Only by adopting a real-name system can we ensure that assets are not infringed upon.

So, from the three aspects of community value, blockchain regulation and asset protection, the choice of KYC real-name authentication is a must for the healthy development of the community. Develop the community, real name first, hand in hand *** build valuable community.