UNVERIFIED PI AMOUNTS CLARIFICATION
I’m reposting again as someone reported my post which was later delisted:
I wanted to put this into my own words and it’s as best as one can put it:
“Everything apart from the base rate goes into unverified.
There's nothing we can do to convert unverified Pi. That system has not been deployed yet. Wait for information from
#PiCoreTeam At the end of the grace period, the coins you got from referrals whose personal checklist timer expired, will be burned. Everyone will lose some Pi.”
To confirm this, the last few days I’ve been keeping track of my transferable balance. Every day my transferable balance goes up a little over 0.1 Pi which makes sense since the base rate is 0.0047 Pi/hour * 24 hours = 0.1128 Pi.
This means all the extra Pi you earn from bonuses such as Lockup rate or referrals or security circle is not being updated. When the KYC window closes in the next couple days, the system will likely globally update everyone’s transferable amount based on the number of KYC users that you referred.
Don’t panic, we will have the solution to all our questions answered by
#PiNetwork .
#PiNetworkkyc verification is all you need to worry about, don’t fixate on the amount of Pi still in the unverified as it’s “broken” for everyone.
Hope this explanation helps.
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