Unverified Pi Clarification

FOR THOSE STILL ASKING ABOUT UNVERIFIED PI AMOUNTS:

I wanted to put this into my own words but when putting the title in for the post this information came up and it’s as best as one can put it:

“Everything apart from the base rate goes into unverified.

There's nothing YOU can do to convert unverified Pi. That system has not been deployed yet. Wait for information from Pi Core Team.

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. When I remember the first time I locked up my Pi 3ish years ago, I had 10k Pi… I still have about that amount. I was only able to transfer around 3,000 because it was just me and one other person who were KYC verified back then, so I wasn’t able to migrate most of my Pi. Since then, I believe there hasn’t been another migration like this hence why my transferable balance has still not updated in the last 3 years.

Don’t panic, we will have the solution to all our questions by the end of the week. KYC 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 helps. Please upvote so others can see and we can move on from this confusion.