A significant controversy has erupted within the Pi Network community, shaking the trust of its 70 million global users — known as Pioneers — after years of loyalty and anticipation. While the network recently unveiled a $100 million fund aimed at fostering ecosystem growth, many long-time supporters are voicing frustration and disappointment.

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The Announcement That Sparked Controversy

On May 14, 2025, the Pi Network Core Team introduced “Pi Network Ventures,” a $100 million investment initiative designed to support developers building decentralized applications (DApps) on the Pi platform.

While such a fund would typically spark optimism, the reaction from the community was far from celebratory. Instead, the announcement triggered widespread backlash, as many Pioneers questioned the Core Team’s priorities and commitment to their longstanding contributors.

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Community Frustration Runs Deep

A central point of contention is the perceived neglect of referral and ambassador rewards — core incentives that fueled Pi Network’s early growth. Numerous users report they have yet to receive even 1,000 Pi, despite years of engagement. Now, they are being told the project’s success hinges on external developer contributions — funded, in part, by the goodwill and unpaid efforts of the community.

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Market Reaction: Trust in Decline

Following the announcement, Pi’s price experienced a brief spike before retreating sharply to $0.80, a decline widely interpreted as a loss of trust in both the token and the leadership. The sentiment reflects more than just price volatility — it signals a crisis in confidence.

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Years of Promises, Little Progress

Since its inception in 2021, Pi Network has struggled with repeated delays and operational bottlenecks:

KYC verification remains a slow and inconsistent process for many users.

The Open Mainnet launch has been postponed multiple times.

The Core Team previously committed to launching 100 active DApps before mainnet, a target that remains largely unmet.

This lack of transparency and shifting timelines have only fueled growing skepticism.

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Community Voices and Concerns

A prominent crypto analyst summarized the mood succinctly:

> “Pioneers aren’t just users — they’re the backbone of Pi. The Core Team’s silence speaks louder than any update.”

Indeed, much of the criticism stems not just from technical delays, but from a broader breakdown in communication and transparency.

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Conclusion: Trust Must Be Earned Again

The unfolding situation around Pi Network underscores a fundamental truth in blockchain: a large user base is not enough to sustain a project without transparency, trust, and community alignment.

Unless the Core Team takes meaningful steps to address concerns, deliver on long-promised features, and re-engage its base with clarity and respect, Pi’s greatest asset — its people — may ultimately turn away.

DYOR (Do Your Own Research).

#PiCoreTeam #PiNetworkMainnet #EthereumSecurityInitiative #BinanceHODLerNXPC