Pi Network Announces Token Lockup Feature
Pi Network announced on August 2 that users can lock up Pi tokens to receive mining boosts of up to 200%. The feature applies to both pre-migration and post-migration users.
Post-migration lockups happen through the Pi Wallet, affecting Pi already on-chain. Pre-migration lockups, managed in the Pi app, adjust future transfer balances and reward rates. All lockups are binding and cannot be reversed once confirmed.
The announcement quickly drew criticism from the Pi Network community on X. Many users objected to the timing, pointing to unresolved migration and verification problems that limit access to Pi tokens.
Pi Network Users Cite KYC and Migration Delays
Community members highlighted persistent KYC delays and stalled Mainnet migration. Some users said they had completed verification more than a year ago but still could not migrate their Pi tokens. This has left large token balances locked in pending states.
One user wrote on X:
“We’ve done KYC months ago and still can’t migrate. Why lock tokens we can’t move?”
Others noted that without migration, the lockup option holds little value.
Reports show that the migration queue remains long, with users awaiting confirmation despite completing all required steps. The lack of clear updates from the Pi Network Core Team has intensified complaints.
Pi Ecosystem Tools Remain Incomplete
Concerns extend beyond migration. Several Pi Network ecosystem features remain unfinished, including Pi Domains and Pi App Studio, which were previewed earlier but have yet to be fully released.
Users said the delays limit the practical use of Pi tokens. Many also cited ongoing technical bugs and demanded clearer updates from the Pi Network Core Team regarding progress on its roadmap.
The lack of active tools within the Pi Network ecosystem has fueled skepticism about locking up tokens for extended durations without access to functional services.
Pi Coin Price Decline Adds to Tensions
The backlash comes as Pi coin dropped 11% on Saturday, reaching an all-time low. The token has fallen nearly 90% since February, based on recent price data.
Market pressure is expected to increase as 160 million Pi tokens are scheduled to unlock in August, the largest single monthly release in Pi Network’s history. This supply increase could further impact prices already under strain.
Earlier this week, Pi Network introduced its lowest-ever mining rate. This change is part of its emission model, designed to slow new token output and focus on longer-term activity within the Pi Network.