The post Did Pi Network Mislead Its 70M Users? Pioneers Speak Out appeared first on Coinpedia Fintech News
The Pi Network Core Team is facing heavy criticism from its own community after announcing Pi Network Ventures, a $100 million fund to build decentralized applications (DApps) on its platform. Rather than celebrating, many long-time Pioneers are calling the move a betrayal.
Pioneers Feel Betrayed by Ventures Fund
According to Pi analyst Dr Altcoin, over 94% of Pioneers never even earned 1,000 Pi due to uncredited referral and ambassador bonuses. Now, they’re being told that the very apps they were promised years ago will be built using funds generated from their time, effort, and belief.
The disappointment runs deep. Since 2021, users have endured delays in KYC verification, repeated postponements of the Open Network, and vague justifications. One major condition for mainnet launch was 100 live DApps—yet most are still missing. Pioneers now question where previous ad revenue and hackathon results have gone.
Delays and Lack of Transparency Shake Trust
The Core Team’s latest announcement briefly pushed Pi’s value higher. But once details dropped, the token fell sharply to $0.80, signaling market disappointment and shaken trust.
More than 70 million users across 200 countries helped grow Pi Network into a global phenomenon, not because of funding, but because of belief in the project. Now, many feel sidelined.
Dr Altcoin stated, “Pioneers are not just users—we are the reason Pi exists. This silence from the Core Team speaks volumes.”
As frustration mounts, one thing is clear: without transparency and delivery, Pi risks losing the very foundation that made it possible—its community.
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