Pi Network (PI) has raised many questions about its legitimacy. The biggest concerns are the lack of public audits, unclear funding, and repeated delays in launching the mainnet or listing Pi coin on major exchanges. Critics also point out that the project feels too centralized, with the core team reportedly holding most of the tokens.
The referral-based growth model also worries some observers, as it resembles pyramid schemes where users are rewarded for bringing others in. Many users have reported technical issues like lost balances and wallet problems after migration. The mandatory KYC process also brings up privacy concerns, and with no major exchange listings, some analysts have even warned that Pi Network could be a scam.
Why Pi Coin May Not Be a Scam
Dr. Altcoin, a well-known crypto analyst, believes the Pi Network is misunderstood. He agrees that the team’s lack of communication and repeated delays can make the project look suspicious, but he does not think it’s a scam. In fact, he sees it as one of the most promising projects in the Web3 space.
Question asked: Is Pi Network a scam?My Answer: While the Pi Core Team’s lack of communication and repeated delays can sometimes make the project appear suspicious, I firmly believe Pi Network is not a scam. In fact, it’s one of the most promising and revolutionary projects in…
— Dr Altcoin (@Dr_Picoin) July 17, 2025
According to Dr. Altcoin, Pi Network is doing what most early-stage crypto projects don’t. Every user must pass KYC, and businesses in the ecosystem must go through KYB checks. He says this high level of compliance is rare and shows how serious the team is about building something real.
Even though Pi coin is not yet listed on top exchanges, it still ranks among the top 30 most talked-about cryptocurrencies. Peer-to-peer trades suggest the PI price is around $0.45.
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Dr. Altcoin believes that once the AI App Studio goes live and the $100 million Pi Network Ventures fund starts supporting developers, the true value of the Pi coin will begin to shine. In his view, Pi Network is slow but serious, and definitely not a scam.
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The post Is Pi Coin Really a Scam? Here’s What One Top Analyst Thinks appeared first on CaptainAltcoin.
