- Pi Network requires users to complete KYC verification and Mainnet migration by March 14, 2025, to retain their Pi holdings.
- Users face technical challenges in completing the migration process, with approximately 80% unable to verify their balances.
- Speculations about a potential Binance listing have arisen, but no official confirmation has been made.
Pi Network has announced that users must finalize their Know Your Customer (KYC) verification and migrate to the Mainnet by 8:00 AM UTC on March 14, 2025. This deadline, marking the network’s sixth anniversary, is crucial for users to retain their Pi holdings. Failure to comply will result in the forfeiture of most previously mined Pi, except for tokens mined within the last six months before migration.
The decision to extend the Grace Period reflects Pi Network’s commitment to inclusivity and network integrity. The extension aims to re engage early adopters who became inactive before the Open Network launch and to ensure fair access for all genuine users to complete KYC and secure their Mainnet migration. This move also strengthens the network by eliminating unverified mobile balances and preventing fraud.
User Challenges: Technical Issues Impede Migration
Users who maintained the Pioneer status experienced technical problems to finish their KYC alongside migration processes, even after the time extension. The Pi Network app, together with unverified balance issues and delayed functionality, have proved to be obstacles for advancement.
The inability to verify balances has been experienced by 80 percent of users who face frustration while maintaining uncertainty about their conditions within the community.
The price of Pi Coin has become unstable since its announcement.
The deadline development has brought significant variations in the cost of Pi Coin. During the previous week, Pi Coin dropped by 16.3% as its valuation decreased by 12.2% within one day, causing the market price to reach $1.38.
The market instability makes Pioneers apprehensive about the upcoming exchange listing of Pi Coin, especially on Binance. The Binance listing has generated substantial expectations among the community who seek confirmation of the official announcement.
Numerous people speculate that Binance will eventually add Pi Network’s native token to its exchange offerings. Binance established a new voting system that lets its users check new tokens with small crypto investments beginning at 0.01 BNB. Sources indicate that Binance’s marketing group is organizing a large-scale promotional effort because Pi may soon secure a position on the exchange.
Sources suggest Binance along with Pi Network have reached an accord about organizing a special occasion. Such a turn of events would represent the long-awaited breakthrough opportunity for Pi Network users.
