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.
Pi NetWork is Scam? The Pi Network, launched in 2019, claims to offer easy cryptocurrency mining via smartphones, boasting over 60 million users. However, many argue it’s a scam. Critics point to its lack of transparency—no detailed whitepaper or open-source code exists, raising doubts about its blockchain legitimacy.
The referral-based reward system resembles a pyramid scheme, incentivizing recruitment over utility. Despite its mainnet launch in February 2025, Pi coins remain unlisted on major exchanges, and their value is speculative, with no real-world use established. Reports, including a 2023 Chinese police warning, highlight data leaks and exploitation, particularly targeting vulnerable groups like the elderly. While it requires no financial investment, users invest time and personal data, potentially for nothing.
Pi Network Price: A Rollercoaster Ride in 2025 As of March 14, 2025, the Pi Network (PI) price has been a topic of intense speculation and volatility. Launched on its Open Mainnet on February 20, 2025, Pi Coin started strong, peaking at $3.41 on Bitget, but soon faced a 62.63% crash to $0.737 as early miners cashed out. Despite this, the price rebounded, doubling in four days to around $1.65-$1.79, according to recent data from CoinGecko and Bitget. With a circulating supply of 7.1 billion and a market cap of approximately $11.73 billion, Pi ranks among the top cryptocurrencies. However, its trading volume dropped 22.2% recently, signaling fluctuating interest. Analysts predict potential growth, with some speculating a rise to $500 by 2030 if real-world adoption expands. Yet, without a Binance listing and with regulatory hurdles looming, Pi’s future remains uncertain but promising.
just checking the Blockchain we can see where it went. other than it have no use? do you know his name and adress?😁
krishnasampath
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My pi balance was just unlocked and with in fraction of seconds the Total balance was transferred to another wallet which was not done by me Now I have a doubt that it's a pi team problem or else my WALLET was hacked? From my side i didn't tell my passphrase to anyone
My pi balance was just unlocked and with in fraction of seconds the Total balance was transferred to another wallet which was not done by me Now I have a doubt that it's a pi team problem or else my WALLET was hacked? From my side i didn't tell my passphrase to anyone
🚀 Pi Network: The Road to Mainnet Just Got More Exciting!
💡 Breaking News for All Pioneers! The Pi Network team has dropped a major update on their KYC process and the much-anticipated Mainnet launch. If you're part of this movement, buckle up because things are moving fast! 🔍 KYC Progress: 18 Million and Counting! Pi Network has successfully verified over 18 million pioneers through KYC, and the momentum is only increasing. Right now, around 200,000 pioneers are getting verified daily—that’s massive! 🎉 However, to ensure no true pioneers are left behind, the KYC grace period deadline has been extended once again. Originally set for November 30, then moved to December 31, the new deadline is March 14. ⏳ Why does this matter? Pi Network wants to eliminate bots and ensure that only real pioneers receive their rightful Pi coins. 💎 🌐 Open Network Launch: When Will It Happen? 🚨 New Timeline Alert! Pi Network’s Open Network launch was expected this month, but the team has adjusted their plans. Now, the launch is likely to happen in the first quarter of next year. This shift in timeline might be why the Pi Coin IoU token (listed on HTX) recently dropped from $100 in October to $44 now. 📉 But don't worry—once the mainnet is live, things could turn around! 💡 The Journey So Far Pi Network started in 2018 and has been operating in an enclosed mainnet since December 2021. During this phase: ✅ Pioneers kept mining Pi.
✅ Developers worked on building dApps.
✅ Pi coins couldn’t be traded—but that’s about to change after the mainnet launch! 🚀 📊 Challenges & The Road Ahead Even though 15 million pioneers have completed KYC, only 8 million have migrated to the mainnet—short of the 10 million goal. 👀 Another key factor? The ecosystem needs at least 100 dApps at launch, but so far, there are 80. Will everything be ready by March next year? Only time will tell! 🔥 Pi Network’s Rising Popularity Despite delays, Pi Network’s growth is unstoppable: 📌 100M+ downloads of the Pi app!
📌 Strong user bases in China, South Korea, Vietnam, Singapore, India, and Japan!
📌 In South Korea alone, there are 1.34M Pi users, more than Binance or Coinbase! 😲 ⚠️ Stay Safe, Pioneers! With the mainnet launch coming soon, scammers are lurking! 😡 The Pi Network team urges pioneers to follow ONLY official sources and use the Pi Wallet inside the Pi Browser to keep their Pi safe.
💬 What do you think about these updates? Drop your thoughts below! ⬇️
🔹 Stay motivated. Stay patient. The future of Pi is almost here! 🚀