• PI community customers report shedding tokens after KYC verification and migration delays.
• PI tokens have exceeded 55% since March as journey errors promote group mistrust.
• The shortage of clear communication and auditing methods threatens the expansion of the person base of PI networks.

PI networks are strongly monitoring the shopper (KYC) verification course of (once more) as many customers report persistent difficulties, delays, and in some circumstances complete lack of PI tokens. This isn’t the primary time that occurred, as many X customers have reported points prior to now few days or so.

These points increase issues about platform transparency and person reliability, and related points have occurred just a few years in the past. For instance, within the 2023 Reddit dialogue, individuals complain concerning the finish of a submission that takes years.

What occurred in the course of the mainnet migration course of for a PI community

The PI Community launched MainNet Migration Roadmap on April 18th, with studies of a scarcity of particular timelines, error reporting mechanisms, and a system of inconsistencies in rewards. This merely provides a number of gas to the fireplace of distrust.

Issues acquired worse when the PI community set a decent deadline in mid-March, and customers needed to full KYC verification and migrate the PI stability. Those that missed the deadline confiscated a lot of the tokens and solely stored cash mined six months earlier than the transition.

As such, many customers specific their dissatisfaction with the KYC course of, citing long-term verification instances, software errors, and lack of clear communication from the PI community workforce. Some reported functions that had been reviewing for a very long time with out updates, whereas others confronted technical points in the course of the migration.

How KYC and Migration Points Reached PI Costs

Naturally, all this mixed hit the worth of Pi Cryptocurrency. Following the March deadline, Pi costs skilled a noticeable drop, exceeding 55% from an all-time excessive. Over the previous seven days, it has declined by about 2.8%, however over the previous 30 days the decline is nearly 23%.

Definitely, most cryptocurrencies ravaged it in March as a result of Trump administration’s tariff coverage, however PI has been steadily declining since its inception in March. On the time of writing, the cryptocurrency priced round $0.6164, and by late February it was practically $3.

The PI Community’s decentralized and user-friendly cryptocurrency promise has attracted over 100 million app downloads, however the ongoing KYC problem is at all times there. This might probably block many of those customers, however it nonetheless must be displayed precisely.