When asked if they would like to see $Pi listed on Binance, the responses from Pi Network community members were surprising—most expressed opposition. Behind this is a deep dissatisfaction with the current state of the project and concerns about future development.
Users indicated that one of the biggest issues that must be resolved before listing on Binance is the KYC (Know Your Customer) process. This system, intended to verify user identity and unlock tokens, has become a pain point for users. Many users complain that they have been waiting for years, and even after completing all the steps, they still have not passed KYC. One user helplessly said, 'I’m still waiting for my KYC to be approved... It’s been four months.'
The problem lies in the design of the system. Even if one person completes KYC, if others in their 'security circle' have not passed, their Pi tokens will still be locked. The insufficient number of users participating in the Pi verification program has caused the entire process to come to a standstill. What further frustrates users is that some suspect Pi Network may be deliberately delaying things to keep the tokens locked. Some users have reported that after questioning the delays, they were even silenced by moderators.
Aside from the KYC issue, users are also concerned about the wallet system. Some users have reported that after the mainnet migration, their Pi coin balances cannot be loaded. This has raised doubts about the stability and security of the wallet system.
The Pi Network team has set a deadline for users—March 14, 2025—requiring users to complete KYC and transfer their tokens to the mainnet by then, otherwise they will lose access to Pi. This deadline has placed immense pressure on users, especially those who have not yet passed KYC. Additionally, market reactions have intensified users' concerns, with Pi's price dropping more than 10% in the past week.
On the other hand, some users who have already completed KYC are angry about new coins like Bondex being listed on Binance. They feel that Pi Network, as an earlier project, has still not been considered for listing, which they find unfair.
The journey of Pi Network's listing on Binance is filled with user skepticism and dissatisfaction. To address these issues, the Pi Network team needs to take effective measures to improve the KYC process, upgrade the wallet system, and enhance communication with users. Only then can they rebuild user trust and promote the healthy development of the project.
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