The Pi Network is a mobile-based cryptocurrency project that is having many problems with its mainnet migration process, which is making a lot of users unhappy. Even though the project promised smooth transitions, many users say they are stuck in the last stages of migration, which has caused a lot of frustration and calls for more transparency from the Pi Core Team.
Migration Problems: Users are Stuck
A lot of Pi Network users have gone to social media sites like Reddit and X (formerly Twitter) to voice their worries about the migration process being stuck. Even though they did everything they needed to do, like Know Your Customer (KYC) verification and two-factor authentication (2FA), many people still can’t get to their mined Pi coins.
Someone on Reddit said, “When will my Pi finally move to my wallet?” pointing out the long wait, even though all requirements were met. Others said the same, with some stuck for over ten months, even though friends who completed KYC simultaneously moved their coins.
These problems point to possible backend issues or missed steps in the migration process, like not getting 2FA or email confirmations. Some users think that the Pi Core Team might be doing mass updates on balances, which could cause problems temporarily.
The second phase of migration makes things even more confusing.
Reports of a second migration phase have made things even more complicated. People who have already moved their data are now seeing new items on the checklist in the Pi app, which means they need to do more. Some people think this is a good thing because it shows progress, but others are confused and angry that the Pi Core Team hasn’t made things clear.
“PI NETWORK 2ND MIGRATION HAS BEGUN!” said a popular parody account of Dr. Nicolas Kokkalis, the founder of Pi Network. It told users to do more things. The Pi Core Team hasn’t officially confirmed this second migration phase, though, so users are still unsure.
Effect on the Market and Future Prospects
The problems with migration that are still going on have had a real effect on Pi’s market performance. The price of the token has gone down; it is now trading at about $0.64, which is almost 80% less than its all-time high of $3 in February. Technical indicators point to a bearish trend, and analysts say that if the migration problems don’t get better, prices could drop even more.
Also, a big event for unlocking tokens is coming up in June, when more than 280 million PI tokens will be released. This influx could make selling pressure worse, especially if user confidence keeps dropping because migration problems haven’t been fixed.
People in the community want openness
The Pi Network community is getting louder in its calls for the Pi Core Team to be open and give updates on time. Some users are still patient because they know how hard it is to move so many people at once, but others are getting more and more frustrated with the lack of clear communication and long delays.
As the project moves forward, the Pi Core Team’s ability to listen to users and respond to their concerns will be very important for keeping trust and making sure the network is successful in the long run.
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