The Pi Network, once hailed as a game-changer in the crypto world, is now under fire from its own community. Early adopters, known as Pioneers, are expressing growing frustration over the hurdles they face in transferring their mined Pi Coins (PI) to the Mainnet before the looming March 14 deadline.
The network has set 8:00 AM UTC as the final cutoff for users to complete their Know Your Customer (KYC) verification and migrate their Pi balances. Those who fail to do so risk losing the majority of their holdings, except for coins mined in the last six months. While the Pi Network team has introduced a Grace Period to help ease the transition, many users continue to report technical difficulties preventing them from finalizing their migration.
Pioneers Express Frustration Over Migration Issues
Social media platforms and community forums have been flooded with complaints from Pi users struggling with the verification and migration process. Many claim their KYC verification is still pending, despite submitting their documents weeks or even months ago. Others report app glitches, failed transactions, and unresponsive customer support, further fueling frustration.
“I completed my KYC over a month ago, but I still can’t transfer my Pi to the Mainnet. If they don’t extend the deadline, I will lose almost everything I mined for years,” one user wrote on X (formerly Twitter).
Crypto analysts and blockchain experts have also weighed in, calling for an extension of the deadline until all technical issues are resolved. Some have gone further, raising concerns about the transparency of the Pi Network team and questioning the project’s long-term sustainability.
Pi Coin’s Price Plunges Amid Uncertainty
As migration troubles continue, Pi Coin’s market performance has taken a hit. Over the past week, the cryptocurrency has plunged 16.3%, with investors growing anxious over whether the network can successfully transition to the open market.
Some traders believe the price drop is a direct reflection of diminished confidence in Pi’s future. Others speculate that the mass migration deadline could lead to increased sell pressure, further dragging down its value.
With just days left until the March 14 deadline, the Pi Network team faces mounting pressure to address user concerns, fix technical bugs, and restore confidence in the project. Whether they will extend the deadline or stick to the original plan remains to be seen—but one thing is clear: Pioneers aren’t staying silent.
Stay tuned for further updates on Pi Network’s migration crisis and its impact on Pi Coin’s future!
