Pi Network Scandal: Have 70 Million Users Been Deceived?

Question

A shocking twist has shaken the Pi Network community. While the project just announced a massive $100 million fund to support DApp development, many of the 70 million global users called "Pioneers" now feel betrayed after years of dedication and waiting. 🔥 What Just Happened? On May 14, 2025, Pi Network’s Core Team revealed “Pi Network Ventures,” a $100 million investment fund aimed at supporting developers building decentralized applications (DApps) on its platform. Instead of excitement, this announcement triggered massive backlash. Many long-term Pioneers argue that they haven’t even earned 1,000 Pi due to referral and ambassador rewards being disregarded. And now, they’re being told that the future of Pi depends on a developer ecosystem funded by their own time and trust. 📉 Price Drop Reflects Trust Crisis The announcement initially caused a small price pump only to be followed by a brutal drop back to $0.80. Many believe this reflects a loss of trust, not just in Pi’s price, but in the project’s credibility overall. More than 70 million users across 200+ countries helped turn Pi Network into a global phenomenon not through VC funding, but through belief in the vision. And now, they feel abandoned. 🤐 Unkept Promises and Lack of Transparency Since 2021, the Pi community has faced endless delays: from KYC verification issues to constantly postponed Open Network launches. The Core Team promised 100 active DApps before mainnet launch but most of them still don’t exist. Now, Pioneers are asking: Where did the ad revenue go? What happened to the hackathon funds? Why the silence? Dr. Altcoin, a respected crypto analyst, said: “Pioneers aren't just users they're the reason Pi exists. The Core Team’s silence says more than words ever could.” ⚠️ Conclusion The Pi Network scandal highlights one painful truth: without transparency and respect for the community, even the largest user base can't guarantee long-term success. If the Core Team doesn't rebuild trust, Pi’s most valuable asset its people may walk away.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risks. Always do your own research (DYOR) before making financial decisions.

AllIn,JustDoIt · Accepted Answer

Every day, liquidity increases by tens of millions! When it rises, it's tens of millions a day! Just asking, who is pumping this coin in? The old lady controls a Wallet of 89 billion! Miners around the world are working hard to build up popularity! As a result, they are restricted in various ways by the Nicholas couple! Not even one can be obtained! They are constantly cashing out.

GateUser-b6eee121 · Answer

Just go for it💪

GateUser-b6eee121 · Answer

Just go for it💪

GateUser-2d2da21e · Answer

There are no signs of the fourth one withdrawing, and it is still extremely centralized.

BuyOnDips · Answer

Are you stupid? The PI not being listed on the exchange is because it was begged to be listed. There's always some hype, and when there's favorable information, the market maker will pump it for a while and then play people for suckers after harvesting you. After the harvesting is done, it will naturally drop in price. It's not that the project itself is garbage. Look at how Ethereum is a bull coin. I got liquidated on the contract yesterday, and it kept falling, causing me to get liquidated. So at this point, should I say that Ethereum is a garbage coin? Stupid bird.

BrokenBridgeMysterious · Answer

Currently it is a completely centralized project, the fourth one wants to take power.

GateUser-150719e0 · Answer

pi
A completely centralized project, all of it is a scam.

President · Answer

Too lazy to read