๐จ Pi Network Scandal: Have 70 Million Users Been Deceived?
A shocking twist has rocked the Pi Network community. While the Core Team just announced a $100 million fund to support DApp development, many of the platformโs 70 million โPioneersโ are calling foul โ and questioning everything theyโve built.
๐ฅ What Just Happened?
On May 14, 2025, Pi Network unveiled โPi Network Venturesโ โ a $100M investment fund to back developers building on Pi.
But instead of celebration, outrage erupted.
Many long-term users claim theyโve barely earned 1,000 Pi, with referral rewards and ambassador bonuses ignored or removed. After years of mining, theyโre now being told the future of Pi depends on apps built by outsiders โ funded by the communityโs time, belief, and effort.
๐ Trust Crisis Reflected in Price
The announcement sparked a brief pump โ only to crash back down to $0.80. To many, this wasnโt just a price drop โ it was a collapse in trust.
Piโs global rise wasnโt powered by VCs or marketing โ it was fueled by belief. And now, many of those believers feel used and forgotten.
๐ค Unkept Promises. Zero Transparency.
โข KYC delays since 2021
โข Repeated Open Mainnet postponements
โข Promised โ100+ DApps before launchโ โ still missing
โข Hackathon results? Never fully published
โข Ad revenue? Unexplained.
โข Communication? Dead silence.
โPioneers arenโt just users โ theyโre the foundation of Pi,โ
โ Dr. Altcoin, crypto analyst
โAnd right now, theyโre being treated like liabilities, not partners.โ
โ ๏ธ Bottom Line
Without transparency, there is no trust.
And without its people, Pi Network is just code and hype.
If the Core Team doesnโt course-correct fast, the biggest user-driven project in crypto history might become its biggest disappointment.
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