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As the clock ticks toward the March 14, 2025, deadline, Pi Network users, known as Pioneers, are grappling with hurdles in transferring their mined Pi Coins (PI) to the Mainnet.
The Pi Network, launched in 2019, gained massive popularity by allowing users to mine cryptocurrency on their smartphones with minimal effort.
Its promise of accessibility drew millions worldwide, but the transition to Mainnet—a critical step for Pi to become a fully functional blockchain—has proven far more challenging than anticipated.
Notably, Pioneers must complete Know Your Customer (KYC) verification and follow a Mainnet checklist to migrate their balances, yet many report that the process is stalling, leaving their coins at risk.
However, what was once a celebrated mobile mining project has now become a source of frustration for many, with technical glitches and unresponsive support threatening to erase years of effort.
With only days remaining until the 8:00 AM UTC cutoff, the community is voicing growing discontent, accusing the Pi Network team of mismanagement and raising questions about the project’s legitimacy.
The technical woes plaguing the Pi Network migration process
For numerous users, the migration process has hit a wall. Despite completing KYC and adhering to the checklist, some Pioneers find that their balances remain unverified or stuck at the final migration step.
Social media platforms like X are buzzing with complaints, with users describing the system as “broken” and support as “nonexistent.”
One user lamented waiting weeks for resolution, a sentiment echoed across the community as the deadline looms.
I have completed the mainnet checklist. I have been waiting weeks to migrate to mainnet. I have tried everything to solve this problem. The Pi network has done nothing to help solve this problem. It is a very common problem. Pi has done nothing to help fix this and other…
The Pi Network team introduced a Grace Period to give users extra time, but this extension—now in its final iteration—hasn’t quelled the chaos.
While technical upgrades last year reportedly doubled migration speeds, current issues suggest those improvements haven’t scaled to meet demand.
With over 60 million users, of whom more than 10 million have migrated, the system appears overwhelmed, leaving latecomers scrambling to secure their holdings.
Pi Coin holders fear losing their holdings
The stakes couldn’t be higher for Pioneers. Failure to migrate by March 14 means losing most of their Pi Coins, except for those mined in the six months before migration.
For early adopters who’ve mined for years, this could mean a devastating loss. The looming cutoff, coinciding with Pi Day—a symbolic date for the project—has only heightened the urgency and frustration.
Crypto analysts are watching closely, with some urging the Pi Network team to push the deadline further until the glitches are resolved.
While posts on X reveal a mix of desperation and defiance as users demand accountability, the lack of clear communication from the Pi Network team has fueled speculation that the project may not deliver on its lofty promises, with critics pointing to past delays and unfulfilled expectations.
Pi Coin has taken a beating amid the migration problems
The turmoil isn’t just technical—it’s also financial. Pi Coin has taken a beating, dropping 18% this week to $1.43, according to CoinMarketCap.
With $1.43 acting as an important support level, it now faces resistance at the 50-day EMA of $1.74.
Analysts warn that a break below the $1.43 support could see Pi slide further to $1.20 or even $0.99, a grim prospect for investors banking on a Pi Day rebound.
Adding to the uncertainty, hopes of a Binance listing—backed by an 86% community vote in February—remain unconfirmed.
This silence has sparked a backlash, with Pioneers flooding review platforms with one-star ratings for Binance and Bybit.
Bybit’s CEO has even dismissed Pi as a scam.
Notably, the absence of major exchange support has left many questioning whether Pi can regain momentum amid the current crisis.
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