⚠️ WARNING: 85% of Pioneers (~55M users mining Pi) CANNOT TRANSACT PI AFTER 6 YEARS.
(Out of every 10 people mining Pi, 8.5 cannot trade or use Pi after six years of mining.)
The following accurate data is taken from the Explorer and some official information published by the Pi Network project:
1. The total number of Pi miners is 65M+.
2. The total number of users who have completed KYC is 19M/65M, of which 9M/19M have been stuck in the KYC process since 2022 and have not been invited to complete KYC again. Some accounts have undergone live verification and repeated the process 5 to 10 times but still have not passed step 9.
3. The total number of accounts that have not received a KYC invitation after 6 years is approximately 55M users.
4. The total number of users with Pi transferred to their wallets is 10M. Among them, 6M have less than 1 Pi, coming from phone farm accounts. Based on my assumption, when they received Pi in their wallets, they immediately sold it via OTC.
This data is truly unusual.
Questions:
1. Why, after 6 years, can only 15% of participants buy and sell Pi?
2. Is the development team deliberately blocking KYC?
If so, that means some participants who joined Pi from 2019 to 2025 will not receive any tokens at all!
If they complete KYC in 2025 and receive their Pi in 2025 (due to the 3-year lock-up period), they will only be able to use Pi in 2028—after 10 years.
While exchange users only need 5 minutes to complete KYC and then buy Pi, 85% of Pi miners still haven't received a KYC slot even after 6 years.
What on earth is going on?
What are your thoughts on this issue?