Developers Ditch Pi Network Over KYB Delays, Crypto Community Reacts!

Pi Network, once a rising star in the crypto world, is now facing growing criticism from its own community and developers. The project that once promised big things is starting to feel more like a letdown, especially for early supporters who believed in its long-term vision.

The main issue? Long delays in approving “Know Your Business” (KYB) applications, which are required for projects to officially launch on the Pi mainnet. These delays have left many developers stuck, and some are now turning to other blockchains to keep their work moving forward.

It’s starting to feel like a breaking point. Here’s a closer look at what’s happening behind the scenes, and why many believe Pi Network could be heading into dangerous territory.

PiDaoSwap Chooses Binance Smart Chain – For Now

One clear example of the problem is PiDaoSwap, a decentralized exchange that waited over two weeks for KYB approval from the PiCoreTeam (PCT). Tired of waiting, the team decided to move ahead by launching their NFT project on Binance Smart Chain (BSC). They described the delay as “agonizing” and said they didn’t want to waste more time sitting idle.

While PiDaoSwap made it clear they still want to build on the Pi Network eventually, they’re using BSC as a temporary solution. Their decision also points to a bigger issue: Binance continues to leave Pi Network out of its “Vote to List” campaigns, focusing instead on more active BSC projects.

Community Voices Raise Concerns

The PiCoreTeam is also facing criticism from well-known community members. Dr. Altcoin, a respected figure in the Pi ecosystem, didn’t hold back. He said that PiDaoSwap’s struggle isn’t unique—other centralized exchanges (CEXs) are also stuck waiting for KYB approvals. These delays, he claims, are holding back Pi Coin from getting listed on major platforms like Bybit.

Dr. Altcoin also accused the PCT of not being clear about key token features like locking and burning. This lack of transparency, he warned, could be another reason why major listings and partnerships are being delayed.

Also Read: Ripple Lawsuit News: Ex-SEC Lawyer Reacts to Unusual XRP Filing by $10M Fined Stock Dealer

Pi Coin Price Drops as Confidence Falls

With all this uncertainty, Pi Coin’s price has taken another hit. It dropped 20% in just 24 hours, falling to $0.44 and slipping out of the top 30 crypto rankings. Investor confidence is quickly fading, and many now fear the price could crash further to as low as $0.10.

Even though there have been a few positive developments, overall sentiment around Pi Coin is turning sharply negative. Hopes that the token could reach $1 are looking less realistic by the day.

There may still be some hope

Despite the growing frustration, the PiCoreTeam is pushing forward with some initiatives. One of them is a domain auction, which has already received over 200,000 bids. This shows there’s still interest in the project, even if tensions are rising.

Many in the community still believe Pi Network could turn things around – if the PCT can speed up approvals and secure a major exchange listing.