The Pi Network project is approaching a critical phase of its development following six years of work, yet the full launch is still pending.
Critical Point in Pi Network Development
Users of Pi Network are becoming increasingly frustrated with delays in KYC verification and token migration. Despite completing much of the technical foundation of the network, the wait for promised rewards continues.
Strategy, Not Technical Issues
According to crypto analyst Dr Altcoin, these delays may not just be technical setbacks but part of a strategic approach by the Pi Core Team to protect the network's future. He believes the current trading range of $0.40 to $0.50 indicates that the market has not settled on a price. Dr Altcoin suggests that the team may be waiting for the price to rise to a more stable level to prevent bulk selling.
User Perspectives and Expectations
Before fully enabling functionality, the team might consider token locking or burning mechanisms to reduce supply. Although such measures might frustrate users temporarily, they could foster long-term growth of the token and strengthen the ecosystem.
Pi Network appears to be playing the long game, which could result in a more robust token economy and potentially financial gains for early adopters.
