A major controversy is rippling through the Pi Network ecosystem, rattling the confidence of its 70 million global users — known as Pioneers — after years of support and anticipation. Despite a recent announcement of a $100 million fund aimed at ecosystem development, the community response has been one of frustration and disappointment.



The Announcement That Sparked Outrage


On May 14, 2025, the Pi Core Team revealed “Pi Network Ventures,” a $100 million initiative to back developers creating decentralized apps (DApps) within the Pi ecosystem.


Rather than excitement, the news triggered backlash. Many Pioneers voiced concerns that the Core Team was prioritizing external growth over the needs and promises made to early supporters.



Frustration Over Broken Promises


At the heart of the uproar is a growing sense of betrayal. Foundational incentives — like referral and ambassador rewards — that originally fueled Pi’s viral growth have been neglected. Many long-time users claim they haven’t even received 1,000 Pi despite years of active participation. Now, they're being told the network’s success depends on developers, seemingly forgetting the unpaid efforts of its vast community.



Market Sentiment Takes a Hit


In the wake of the announcement, Pi’s token price briefly surged before falling sharply to $0.80. This wasn’t just market noise — it reflected a deeper erosion of trust in both the token and its leadership.



Years of Delays and Disillusionment


Since launching in 2021, Pi Network has been plagued by persistent delays and unfulfilled promises:



  • KYC verification remains slow and inconsistent.


  • The Open Mainnet has faced multiple postponements.


  • A promise of 100 functional DApps before Mainnet remains unmet.


A lack of clarity and shifting timelines have only deepened the skepticism among dedicated users.



Community Speaks Out


One crypto analyst captured the prevailing sentiment:



“Pioneers aren’t just users — they built Pi. And now, they feel ignored.”


Much of the frustration stems not just from technical delays, but from a perceived lack of communication, transparency, and accountability from the Core Team.



Conclusion: Rebuilding Trust Is Critical


The Pi Network situation highlights a hard truth in blockchain: user numbers alone can't sustain a project. Without transparency, follow-through, and genuine engagement, even the most loyal communities can lose faith.


If the Pi Core Team hopes to retain its greatest asset — the Pioneers — it must urgently deliver on its promises, rebuild trust, and reconnect with the people who helped build its foundation.


Always DYOR (Do Your Own Research).

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