told VnExpress that Pi Network’s KYC checks are performed with a third party, Including Vietnamese identity cards like those in question are Not compatible with the Program.
But, Vo did signify an older version of this app was harmonious with all the cards at the same point.
“To do KYC verification on Pi Network, Vietnamese would have to use their passports. Just some users that used earlier versions of Pi could perform KYC verification using their driver permits, but so far the machine has to accept civic identity cards,” Vo said.
An independent research into Pi Network’s sensed worth was recently ran by Cem Dilmegani, a technology entrepreneur and founder of AIMultiple. Written weeks before the recent data leak, the review concluded that Pi Network bore the hallmarks of a multilevel marketing scheme, or an affiliate marketing program.
The Pi app allegedly needs users log in each day and click a button to receive their PI coins. No blockchain consensus algorithm, like proof-of-work or proof-of-stake, can be employed in the app, and users can gain greater mining rates by referring other people. The PI token isn’t yet traded on exchanges and has no dollar value.
The app reportedly sells information for advertising revenue from the moment its usage begins. Given that advertisement space could sell for a higher value with private user info contained, many are led to speculate that the Pi app is designed simply to siphon personally identifying data from its users.
Cointelegraph achieved to some Pi Network spokesperson for remark. Justin Wu, of Pi Network’s marketing and expansion group, reiterated the app’s KYC was carried out with a third party, which no Vietnamese identification cards were stored on Pi Network’s servers. Wu added that an internal check did not discover any signs of a data leak. Wu stated Pi Network’s referral program was like others in the cryptocurrency space, and is simply supposed to incentivize the participation of family and friends.
A 17GB private data leak allegedly sprung from the Pi Network mobile app.