Discussion over Potential Pi Network Listing on Binance Sparks Strong Opposition from Network Pioneers, Who Emphatically Deny Any Collaboration
Updated Poll Results: Pi Network Users on Binance Listing
ThePiNetwork community recently sparked discussions with a poll asking, "Want $Pi on Binance?" The overwhelming response? A majority of users are not feeling it, largely due to unresolved network concerns.
The Real Reasons Behind the Refusal for Binance Listing
One of the main roadblocks in the Pi Network's path to Binance lies in the KYC (Know Your Customer) process. Users are criticizing the system as it currently stands, citing long wait times, and in some cases, years of delay without approval, even after completing the necessary steps. One user summarized their situation as, "Still waiting...4 months and counting."
The KYC system is designed to verify users' identities to unlock their tokens. However, a software bug means that users' Pi stays locked if others in their "security circle" fail the KYC as well. This multi-approval system is stagnant due to a low number of participants in the Pi Validation Program.
Some users suspect that Pi Network may intentionally be keeping tokens locked, while others have faced consequences like muting from moderators after questioning the delay. Notable losses include a user who lamented a loss of 2,500 PI.
Moreover, there are complaints about the wallet system. Users have shared experiences of their Pi coin balances failing to load post-mainnet migration.
In an attempt to alleviate these issues, the Pi Network team set a deadline of March 14, 2025, for users to complete KYC and transfer their tokens to mainnet. Failure to do so results in losing access to their Pi. Unfortunately, the price of Pi has dropped by over 10% in the past week, currently trading at $0.6526, as per CoinMarketCap.
On a positive note, users who have completed their KYC are upset that other new coins like Bondex are being listed on Binance but not Pi.
Simultaneously, Pi Network users are experiencing difficulties with migration issues, such as errors with 2FA and email confirmations, which have prevented some users from completing the migration process. In addition, concerns have surfaced about the role of human validators and potential changes to AI automation in the KYC process.
While these issues persist, they have contributed to a negative perception of the Pi Network among users, potentially deterring exchanges like Binance from listing the Pi coin.
For more insights, read "Pi Network Users Slam Migration Issues: KYC, 2FA, Balances" and stay updated on Pi Network's journey towards Binance.
technology-related concerns are causing delays in the Pi Network's push for a Binance listing, as users grapple with issues such as the KYC system, wallet malfunctions, and migration problems.
the Pi Network's KYC process, which is designed to be technology-based, has been criticized by users for its long wait times and inconsistent approvals, contributing to a negative perception of the network among potential exchange partners like Binance.
