Pi Network's KYC verification is a step towards the formal mainnet. However, with only four days left until the KYC deadline on March 14th, the platform is facing immense pressure. A large number of users have not completed KYC verification, which means that without verification, 80% of Pi coins may face the risk of being frozen or disappearing. This situation has significantly reduced the trust of users in the platform, leading to unstable market sentiment. In particular, the price of Pi coins has recently experienced a 16% sharp decline, further intensifying people's doubts about the project, with some investors even speculating on the risk of Pi Network's collapse.
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Pi Network's KYC verification is a step towards the formal mainnet. However, with only four days left until the KYC deadline on March 14th, the platform is facing immense pressure. A large number of users have not completed KYC verification, which means that without verification, 80% of Pi coins may face the risk of being frozen or disappearing. This situation has significantly reduced the trust of users in the platform, leading to unstable market sentiment. In particular, the price of Pi coins has recently experienced a 16% sharp decline, further intensifying people's doubts about the project, with some investors even speculating on the risk of Pi Network's collapse.