Pi Network Users Unite Against Listing on Binance, Why?

Jakarta, Pintu News – An account that specifically shares news and updates about Pi Network recently held a poll on the X platform with the question, “Would you like to see $Pi listed on Binance?”

However, most of the responses received were negative.

Pi Network Listing on Binance? Not Yet, Not Until this Issue is Resolved

While some Pi users are excited about the possibility of Pi being listed on Binance, many are voicing disappointment and frustration. According to some users, the listing process should be delayed until the ongoing KYC (Know Your Customer) issues are fully resolved.

Read also: Pi Network Edges Up Today — But Could a Month-Long Investor Exodus Trigger a Massive Crash?

Currently, many users are unable to transfer their Pi because members in their security circle have not passed KYC, even though they have actually completed the process. This is a common bug that many in the community are complaining about and would like to see fixed before Pi is listed on any exchanges.

Users also note that the delay in the KYC process is partly due to fewer people joining the Pi Validation Program, which actually requires multiple validators for each KYC process.

One user said that his friends have been doing KYC for years, but have yet to be approved. As a result, 75% of his Pi was locked.

He tried joining the validation program, but eventually gave up because the waiting time was too long. In his opinion, the system is legitimate, but it is not yet efficient.

Is Pi Intentionally Slowing Down this Process?

One user even suggested that Pi may have deliberately delayed the KYC process to keep user tokens locked. When the user questioned this, he was mute by the moderators, who he then accused of not giving room for criticism.

There were also claims that Pi unfairly locked their tokens, despite them being early miners. One user claimed to have lost 2,500 Pi just for missing a certain time limit.

Security Issues in Pi

Additionally, users highlighted that Pi’s wallet system needed a major update. There were reports that users’ tokens were being locked without their consent.

Some users even warned Binance to be careful, as they feared the project might disappear once people started buying Pi.

While new projects like Bondex have been successfully listed on Binance, some users are confused as to why Pi, which has a large community, has not been listed.

Read also: Major Shakeup Rocks Ethereum Foundation — What It Means for Your Crypto Holdings

Will Pi Hit an All-Time Low?

The Pi Network team has set a deadline of March 14, 2025 for users to complete the KYC process and migrate their balances to the Mainnet.

If this is not done, users risk losing a significant portion of their Pi balance. This has led to many complaints from the community, including about the lack of transparency, wallet security issues, and poor community management.

Currently, the price of the Pi coin has dropped by more than 13% in the past week and is trading at $0.6449.

In the next 30 days, an additional 275 million tokens worth approximately $176 million will be unlocked, which is feared to further push the price of Pi downward.

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Reference:

• Coinpedia. Pi Network Users Unite Against Binance Listing, Say It Shouldn’t Happen. Accessed on June 4, 2025