Pi Network users report widespread technical problems preventing them from transferring their mined Pi Coins to the blockchain's mainnet. The issues come just days before a critical deadline that could result in significant loss of holdings.
Users have only four days remaining to complete the necessary migration process. The Pi Network has set March 14, 2025, at 8:00 AM UTC as the final deadline for completing Know Your Customer (KYC) verification and mainnet migration.
Failure to meet this deadline will result in forfeiture of most Pi holdings. Only coins mined within the past six months will be exempt from this rule. The network has extended its Grace Period multiple times to accommodate legitimate users.
"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," Pi Network stated in a blog post.
Despite these extensions, numerous users—known as Pioneers—report persistent issues preventing successful transfers. Jaro Giesbrecht, one such user, expressed frustration on social media platform X.
"The Pi network has done nothing to help solve this problem. It is a very common problem," Giesbrecht wrote. He argued that the deadline should be postponed until all user issues are resolved. He suggested that proceeding with the current deadline would undermine the entire process and raise questions about the project's legitimacy.
The complaints appear widespread across social media. One user described the process as "a joke," noting that about 80% of their balance shows as unverified despite their security circle completing KYC verification. They received no response to a support ticket opened weeks ago.
Others report that the final step in the mainnet checklist—"Migrate to Mainnet"—remains unresolved. This has left their Pi balances in limbo with the deadline fast approaching.
Pi Coin has suffered significant market losses amid these technical problems. The cryptocurrency has dropped 16.3% over the past week. It experienced a 12.2% decline in the last 24 hours alone, trading at $1.40 at press time.
Some community members remain optimistic about March 14, widely recognized as Pi Day. They anticipate a potential price surge despite recent market struggles. "As long as we don't break $1.2 support, I'm bullish. PI day is approaching, and hopefully, we will see a pump," one analyst wrote.
Beyond price concerns, Pi Network users continue advocating for Binance to list Pi Coin. The community vote concluded on February 27 with 86% in favor of listing. Binance has introduced "Vote to List" and "Vote to Delist" features but retains final decision-making authority.
Frustrated by the lack of response from Binance, Pioneers have flooded the exchange with negative reviews on Google Play Store. Similar rating declines occurred on Bybit, whose CEO previously called Pi Network a scam.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.