Are Dreams of the Pi Network Fading? Backlash from Pioneers Marks Anniversary Celebration
The Pi Network's core team faced criticism from users following their anniversary post, questioning the project's progress and utility.
The team behind the Pi Network, a controversial project, shared a celebratory message recently to mark the inaugural anniversary of the Open Network launch. However, this announcement was met with skepticism and frustration from many users who questioned the project’s practical applications and pointed out the slow progress on migration.
Open Network Celebrates Its First Anniversary
In their blog post, the team highlighted achievements that occurred prior to the official launch set for February 20, 2025. They claimed, > “Before the Open Network, the Pi community collectively built out the ecosystem over six years to ensure Pi’s readiness and sustainable utility. This developmental period allowed Pi to create real apps and utilities for Pioneers to engage with, verifying the identities of millions to prepare the network for real-world assets and production processes.”
They emphasized that the main goal of Pi is to provide accessibility for everyone, allowing users to mine without any technical or financial obstacles. This design fosters broad distribution and participation, encouraging active engagement towards establishing a fully functional ecosystem centered on utility.
The post reiterated the network’s advancements in line with the team’s strategic vision — to create a well-used, utility-driven cryptocurrency accessible to a wide audience.
Pioneers Voice Their Concerns
These claims prompted significant backlash from many Pioneers on the platform X, with users expressing their discontent under the Core Team’s post. A prominent Pioneer named YouLong/PiNetwork, who has a following of 27,000, raised critical inquiries regarding the network’s status and the performance of the underlying token:
“What reason is there to celebrate? Should we celebrate the lack of migration of compliant users? Or the 94.5% decline in coin prices since its launch? Please take the genuine concerns of long-time miners seriously.”
Currently, the PI token is in rapid decline, crashing from a peak of $2.99 on February 26 of last year to just above $0.16. Other users echoed similar sentiments, with one stating, “We are tired of waiting for the second migration,” and others mentioning that they’ve been anticipating migration for five to six years.
