Pi Network Faces KYC and Migration Challenges as Deadline Approaches

Pi Network users struggle to migrate their tokens to the Mainnet before the March 14 deadline due to KYC verification issues. Community frustration grows as technical problems persist, impacting token value and trust.

Pi Network Users Face KYC Roadblocks Amid Looming Migration Deadline

The Pi Network project is encountering growing concerns as thousands of users face major hurdles in transferring their tokens to the Mainnet before the March 14 deadline. The mandatory Know Your Customer (KYC) verification process has caused a wave of frustration, as those failing to complete migration risk losing a large portion of their accumulated tokens. Although the project introduced a grace period, technical problems have hindered many users from finalizing the process.

Community Frustration Grows Over Unresolved Issues

Numerous users report that, despite following the required KYC steps, their balances remain unverified. Many have submitted support requests but received no response from Pi Network’s support team. The lack of communication has triggered harsh criticism, with some questioning the project’s reliability.

Pi Coin’s Price Decline Reflects Market Concern

The market response has been immediate and negative. Over the past week, Pi Coin has lost over 16% of its value, breaking below a crucial $1.43 support level. Analysts warn that if the price fails to recover, it could plunge to $1.20 or even $0.99.

For Pi Coin to reverse the bearish trend, it must reclaim the $1.74 resistance level. However, the uncertainty surrounding KYC verification failures and migration bottlenecks has kept investors cautious, further increasing selling pressure.

Binance Listing Uncertainty Deepens Doubts

The situation has been worsened by the uncertainty over a Binance listing. While a large majority of the Pi Network community has voted in favor of listing Pi Coin, Binance has remained silent on the matter. This lack of confirmation has fueled speculation, especially after Bybit’s CEO publicly called Pi Network a scam.

The Road Ahead: Can Pi Network Rebuild Trust?

With the March 14 deadline rapidly approaching and no clear communication from the project team, the pressure is mounting. If technical issues persist and KYC verifications remain stalled, confidence in Pi Network could suffer long-term damage.

Once seen as a viral crypto project, Pi Network now faces a crucial test that could determine its future. Whether the team resolves the existing problems in time or not remains a key question for its millions of users.

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