Pi Network continues to face significant issues, including a sharp decline in prices and criticism over its centralized structure. The project is drawing dissatisfaction from the community due to a lack of transparency and functionality.
Market Status of Pi Network
The price of Pi Network has fallen by 85% from its peak of $2.85 to the current level of $0.40. Investors are expressing their dissatisfaction with the slow growth of the network and delays in listings on major exchanges. There are many concerns about the slow adoption of this cryptocurrency in the market.
Centralization Issues
The main problem of Pi Network is its centralized governance structure. Despite claims of decentralization, the Core Team retains control over all key protocol upgrades and network migrations. This contradicts the goals of decentralization and hinders listings on platforms like Binance and Coinbase.
Lack of Utility and Communication Problems
Another problem is the lack of real use cases for the tokens, even after the official mainnet launch. The community demands transparent explanations from the Core Team regarding development schedules and updates. Community members are voicing dissatisfaction over insufficient information, calling for clearer accountability from leadership.
To achieve listings on major exchanges, Pi Network needs to address centralization issues, complete mainnet migration, and provide real utility for investors.
