With the March 14, 2025, deadline fast approaching, Pi Network users—known as Pioneers—are facing mounting challenges in migrating their mined Pi Coins (PI) to the Mainnet. What once appeared to be a seamless transition has instead become a frustrating ordeal, marked by technical glitches, unresponsive support, and growing fears of financial loss.
Launched in 2019, Pi Network gained widespread popularity by offering users the ability to mine cryptocurrency using their smartphones with minimal effort. Its accessibility attracted millions worldwide, fueling enthusiasm for what was envisioned as a groundbreaking project. However, the long-awaited transition to Mainnet has proven far more complex than expected. Pioneers are required to complete Know Your Customer (KYC) verification and adhere to a detailed migration checklist, yet many report encountering unexplained delays that put their holdings at risk.
What was once a celebrated initiative is now a source of frustration. With only days left until the 8:00 AM UTC cutoff, users are voicing their discontent, accusing the Pi Network team of mismanagement and questioning the project’s legitimacy. Social media platforms are flooded with complaints, with many users alleging that their migration requests have been stuck in limbo despite following all necessary steps.
“I have completed the Mainnet checklist. I have been waiting weeks to migrate to Mainnet. I have tried everything to solve this problem. The Pi Network has done nothing to help. This is a very common issue, and they have done nothing to fix it,” one user expressed on X, echoing the frustration felt by many Pioneers.
In response to the outcry, the Pi Network team introduced a grace period to provide additional time for migration. However, this extension—now in its final phase—has failed to alleviate concerns. While technical upgrades last year were reported to have doubled migration speeds, the sheer volume of users still awaiting approval suggests that these improvements have not been sufficient. With over 60 million users and only 10 million successfully migrated, the system appears overwhelmed, leaving latecomers scrambling to secure their balances before the deadline.
For many, the stakes are incredibly high. Pioneers who fail to migrate by March 14 risk losing most of their Pi holdings, with only coins mined in the last six months remaining accessible. For early adopters who have spent years mining, this could result in a significant financial setback. The looming deadline, which coincides with Pi Day—a symbolic date for the project—has only heightened the sense of urgency and frustration within the community.
Crypto analysts are closely monitoring the situation, with some urging the Pi Network team to extend the deadline until the technical issues are fully resolved. On social media, users are demanding accountability, while critics argue that the project’s repeated delays and lack of transparency raise serious concerns about its long-term viability.
The migration challenges have also taken a toll on Pi Coin’s market value. The cryptocurrency has dropped 18% this week, reaching $1.43 according to CoinMarketCap. With this level acting as a crucial support, Pi now faces resistance at the 50-day EMA of $1.74. Analysts warn that if the price falls below $1.43, it could slide further to $1.20 or even $0.99, raising alarm among investors who were hoping for a price rebound around Pi Day.
Adding to the uncertainty, the long-anticipated listing on Binance remains unconfirmed despite an 86% community vote in favor of the move in February. The continued silence from major exchanges has sparked further backlash, with Pioneers flooding review platforms with one-star ratings for Binance and Bybit. Bybit’s CEO has even gone so far as to dismiss Pi as a scam, further shaking confidence in the project’s future.
As the deadline looms, Pioneers find themselves in an increasingly precarious position, torn between their hopes for Pi’s potential and the harsh reality of its ongoing technical and organizational struggles. Whether the Pi Network team will take action to address these mounting concerns remains to be seen, but for now, frustration and uncertainty continue to overshadow what was once an eagerly anticipated milestone.
By Alejandro Silva Ramírez, Crypto Analyst & Columnist