The Core Team has reminded users about a crucial deadline that has now passed. The community is eager for updates regarding the nodes they’ve been working on.

We also examine the criticism the project has faced alongside the recent surge in the price of the PI token.

Pi Network’s Recent Deadline

Last week, the team behind Pi Network announced important updates regarding its node ecosystem, marking this as a key element of their infrastructure. The deadline for compliance was set for February 15, and non-compliance could lead to disconnection from the network. With no recent updates from the team concerning the compliance status of the nodes, many users are left anxious about future developments.

Growing Criticism

Critique of the Core Team intensified, with users unhappy about perceived opaqueness and a lack of timely implementation of KYC solutions. After seven years without substantial migration progress for PI coins, users expressed their frustration, urging the team to expedite developments rather than indulge in ‘superficial distractions.’

One user, known as pinetworkmembers, raised concerns about the drastic drop of the PI token to new lows, citing the team’s failure to provide a ‘functioning mainnet’ and a lack of utility beyond the app’s mobile mining feature.

PI’s Recovery

Despite the market’s recent downturn, the PI token showed remarkable resilience, soaring above $0.20 during the subsequent days. Analysts have projected a potential 500% increase for PI, fostering optimism among users amidst recent turmoil.

PiScan data indicates a decrease in average unlocked coins per day, which could alleviate immediate selling pressure and stabilize the market.

Pi Token Unlock Schedule. Source: PiScan