Pi Network Deadline on March 14: Concerns over Binance Listing and KYC Migration Chaos
KYC deadline exacerbates migration confusion; doubts about Binance listing
Even more uncertain is the upcoming deadline on March 14 (8 AM UTC).
Users who have not passed KYC by then will face the risk of losing most of their PI assets, except for the recently mined tokens. Despite the Pi Core team's provision of a 'grace period', countless users have reported that they are still unable to complete the verification. This KYC bottleneck is creating real chaos.
Cryptocurrency analysts are calling for the Pi Network to extend the deadline until these technical issues are resolved. Some critics have gone further, accusing the Pi Network of ignoring user issues and questioning the legitimacy of the project. The lack of clear answers only adds to the overall uncertainty.
Another major uncertainty is the unconfirmed Binance listing. Will the largest cryptocurrency exchange, Binance, list PI? A user survey conducted in February showed that Binance users strongly support the listing of PI, raising hopes that Binance might list it on March 14 (the anniversary of Pi Network).
As of the time of writing, the trading price of PI is $1.38, reflecting a decrease of 1.42% in the past 24 hours. According to CoinMarketCap, the market capitalization of PI is $10 billion, ranking it as the 11th largest digital asset.