Pi NetWork Unverified Coins

In the Pi Network, "unverified coins" refer to Pi coins mined by users that are not yet transferable to the Mainnet blockchain due to incomplete Know Your Customer (KYC) verification by members of their referral or security circle. Here's a breakdown based on available information:

Pi Network operates a system where your total mined balance is split into categories: unverified balance, transferable balance, and migrated balance. The unverified balance consists of coins earned through mining alongside team members (referrals or security circle) who haven’t completed KYC. For these coins to become transferable, those team members must verify their identities. The transferable balance includes coins you’ve mined individually or with KYC-verified team members, which can move to the Mainnet once you complete your own KYC and migration process. Migrated coins are those already on the Mainnet, accessible via your Pi Wallet.

As of March 14, 2025 (today’s date), the Pi Network’s grace period ends at 8:00 AM UTC. Users who haven’t completed KYC and Mainnet migration risk losing most of their unverified coins, except those mined in the last six months before migration. This deadline has sparked frustration, with some users reporting that despite their team completing KYC, their unverified balances haven’t updated. The Pi Core Team has stated that unverified coins tied to non-KYC’d members may gradually become transferable during future migrations, but no clear timeline exists post-grace period.

Critics argue this system incentivizes recruitment over utility, fueling scam allegations. While the network claims over 60 million users and launched its Mainnet in February 2025, delays in fully opening it and the lack of trading on major exchanges keep unverified coins’ fate uncertain. If your team hasn’t completed KYC, those coins may be lost unless a second migration occurs—speculated, but unconfirmed, for after the open Mainnet phase.