I think the pi network are taking too long to launch the mainnet and most especially validate most of their users in queue for the kyc process.
Unlike before, the pi network hype had really gone down because of their delay.
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I can't seem to understand the reason why anyone will lose the pi they have mined before despite the delay in kyc. Maybe they need to reach out to the pi team for assistance to restore their mined coins otherwise it will seen like a huge waste of time mining pi to end up losing them.
Nowadays, it doesn't take too long for good project to list on reputable and top exchange like Binance and coinbase, the delay in going to mainnet and listing on big exchange has nothing to do with how good the project is bur how serious.
It could be possible from the team plans to reduce holders naturally some project owners uses that media to reduce their project total supply in order for the coin to have a good value. When projects decides to swap token you would see that not everyone will meet up to get their token swapped so at this point the project owners has every right possible to burn those people token. In essence there was an announcement about the numbers of days and duration for everyone to pass their kyc if they couldn't meet up to pass kyc i don't think the team are to hold responsible knowing too well they are looking for other means to reduce the total supply of the coin.