Pi Network has undergone a long development journey with many significant contributions, but the ecosystem is still not ready for large-scale DApp use and complete peer-to-peer transactions.

Delays in KYC approval, conversion, and token rewards stem from a strategy to protect the value of Pi and avoid market risks, indicating that the development team is focused on long-term goals.

MAIN CONTENT

  • Pi Network has nearly completed the entire technical platform but is not yet capable of large-scale DApp operations.

  • The development team is delaying important steps to control prices and avoid mass sell-offs.

  • The long-term strategy aims to stabilize the price of Pi above $10 and develop a sustainable ecosystem.

What causes the delay of Pi Network?

Cryptocurrency analyst Dr. Altcoin asserts that the core team of Pi Network has completed most of the technical work over more than six years, but the network is not yet capable of handling large-scale peer-to-peer transactions and DApps.

In addition, Pi Coin is in the price discovery phase, with fluctuations from $3 down to $0.40, and has not found a stable market price.

'The Pi Core Team focuses on stabilizing the price of Pi above $10 before expanding peer-to-peer transactions to avoid market collapse.'
Dr. Altcoin, Cryptocurrency Analyst, 2024

Keeping the price of Pi high before expanding its use is a crucial solution to maintain the health of this cryptocurrency market, reflecting the strategic thinking and expertise of the development team.

Why has the project team delayed KYC approval and token conversion?

Delaying KYC approval and token movement is a way to control the amount of tokens released to the market, avoiding a situation where many sell off at once, thereby protecting the community and the value of Pi.

By delaying, the development team is 'buying time' to help the token value recover, reinforcing the trust of investors and loyal users.

'Locking tokens or burning a portion can be seen as a long-term tactic to increase prices and reduce market pressure.'
Dr. Altcoin, Cryptocurrency Analyst, 2024

What is Pi Network's long-term strategy?

Dr. Altcoin observes that Pi Network is pursuing a long-term development strategy. If successful, the network will support true peer-to-peer transactions, a stronger token price, and provide long-term holders with opportunities for financial freedom.

This reflects a deep vision and a desire to build a sustainable ecosystem instead of seeking short-term gains.

Some practical examples of the impact of the price delay strategy

When other cryptocurrency projects unlock tokens too quickly, prices often drop sharply, causing a loss of investor confidence. For Pi Network, the control policies from the development team demonstrate a systematic approach to avoid similar situations. A 2023 report from Coin Metrics shows that tightening the token supply can help stabilize the price and create long-term development pathways.

Frequently Asked Questions

  • Why does Pi Network not allow peer-to-peer transactions right now?
    Pi Network is waiting for the token price to stabilize in the market to avoid price collapse when expanding transactions, based on the development team's expert analysis.

  • Is the delay in KYC approval due to technical issues?
    No, this is a strategy to control the circulating token supply to protect the price and the user community.

  • Does Pi Network plan to burn tokens to increase their price?
    According to experts, token burning or long-term locking can be applied as a tool to enhance token value.

  • When will Pi Network support large-scale DApps?
    Only when the platform is complete and the token price is stable above the target level will the network be ready for expanded DApp operations.

  • What should users do while waiting?
    Prioritize holding tokens long-term and monitor official information to avoid risks of panic selling or unverified rumors.

Source: https://tintucbitcoin.com/nguyen-nhan-pi-network-cham-kyc-thuong/

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