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The Pi Network faces mounting pressure as users scramble to complete KYC and mainnet migration before the impending March 14 deadline.
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With unresolved technical issues plaguing many users, calls for an extension of the deadline are echoing throughout the Pioneer community.
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“The end of the Grace Period is inevitable to make sure the network can move on,” stated the Pi team in a recent blog.
Pi Network users must complete KYC and mainnet migration by March 14, 2025, or risk losing access to their Pi Coins amid ongoing technical issues.
Pi Network Sets Critical Deadline for KYC and Migration Process
The Pi Network has established an essential deadline for its users, known as Pioneers, to complete their KYC (Know Your Customer) verification and migrate their coins to the mainnet. Pioneers are required to finalize these steps by 8:00 AM UTC on March 14, 2025. Failure to comply can lead to the loss of the majority of their holdings, though coins mined within the last six months are exempt from this rule.
The Grace Period, previously extended multiple times, was intended to provide users ample time to verify their accounts and transition smoothly. The Pi team emphasized that these extensions aimed to assist legitimate users in transitioning their balances without issue.
“The end of the Grace Period is inevitable to make sure the network can move on in its new phase without large sums of unverified and unclaimed mobile balances,” stated a blog from the Pi team.
Despite this urgency, Pioneers have reported a myriad of issues hindering their ability to transfer PI to the Mainnet. Jaro Giesbrecht, a user of the network, expressed his frustration on X (formerly Twitter), mentioning he had completed all requirements but remained stuck in the process.
“The Pi network has done nothing to help solve this problem. It is a very common problem,” Giesbrecht complained, stressing that the deadline should be postponed until all technical issues are resolved. This sentiment resonates with many within the community as they voice concerns about the project’s credibility.
The situation appears critical, with numerous Pioneers sharing similar grievances online. One user remarked, “The whole process is a joke. ~80% of my balance shows as unverified, despite my security circle completing KYC.” Many claim they are receiving no responses from support tickets opened weeks ago, leaving them perplexed about the future of their assets.
Compounding these frustrations is the unresolved status of Step 9 on the Mainnet checklist, which involves the migration process—it remains hanging for many users.
Fluctuating Market Sentiment: Pi Coin Experiences Declines Amid Listing Speculations
As the critical deadline approaches, the community is abuzz with mixed emotions surrounding the Pi Coin’s potential for price appreciation, significantly on Pi Day (March 14), a date recognized for celebration and awareness of the cryptocurrency.
“Provided we maintain above the $1.2 support level, I’m optimistic for a price surge as Pi Day nears,” shared one market analyst.
However, recent trading data reveals a concerning trend; Pi Coin has seen a considerable decline of 16.3% over the past week. Within just 24 hours before this report, the token plunged a staggering 12.2%, dropping to trading levels of approximately $1.40.
The ongoing volatility in the price contributes to a growing anxiety among Pioneers, especially concerning the prospective listing of Pi Coin on major exchanges like Binance. While hopes persist within the community, the lack of official communications from Binance complicates the future.
Despite numerous community-led efforts to promote Pi Coin’s listing, including a significant 86% vote in favor of the listing that concluded on February 27, Binance has yet to respond to these pleas. This silence has spurred outrage among stakeholders, leading to a wave of one-star reviews flooding Binance on Google Play Store with many users feeling unheard and frustrated.
Conclusion
The impending March 14 deadline for KYC and mainnet migration pressures Pi Network users to act swiftly while combating numerous technical challenges. The community’s growing outcry emphasizes the need for prompt resolutions from the Pi team, as the future viability of their investments hangs in the balance. As Pi Day approaches, Pioneers are not only watching market movements closely but also advocating for concrete steps towards the successful transition of their assets.
