Is the Pi Network Dream Over? Core Team’s Anniversary Post Met With Fury From Pioneers
The group behind the controversial venture posted a celebratory message a couple of days in the past, marking the first anniversary of the Open Network’s launch.
However, many customers questioned the venture’s precise use case as soon as once more and lashed out at the lack of migration progress.
Open Network Celebrates 1st Birthday
In its weblog publish, the group began by outlining a few of the achievements reached even earlier than the official launch of the Open Network on February 20, 2025.
“Prior to Open Network, the Pi neighborhood collectively constructed out the ecosystem over six years to make sure Pi’s readiness and sustainable utility. This developmental interval allowed Pi to create actual apps and utilities for Pioneers to have interaction with, and confirm the identities of thousands and thousands of Pioneers to arrange the community for real-world property and manufacturing processes.”
They defined that the predominant thought of Pi is to be a freely accessible, permitting “anybody to mine with out technical or monetary limitations.” The group added that this design allowed extensive distribution and inclusivity, and in addition enabled the community and all individuals to “afford the endurance to have interaction in the tough work crucial to ascertain a totally purposeful ecosystem predicated on utility.”
The publish doubled down on the community’s progress, which aligns with the group’s long-term imaginative and prescient and technique – to create an inclusive, utility-driven, and widely-adopted cryptocurrency that’s broadly accessible.
Pioneers Lash Out
Perhaps it was a few of these claims that triggered a big backlash from quite a few Pioneers on X beneath the Core Team’s publish. YouLong/PiNetwork – a well-liked Pioneer with 27,000 followers, raised a couple of legitimate questions on the community’s state and the efficiency of the underlying token:
“What motive is there to rejoice? To rejoice the proven fact that compliant customers haven’t migrated? Or to rejoice the regular decline in coin costs over the previous yr since its launch? Please method the real considerations of long-time miners with objectivity.”
It’s price noting that the PI token has been in a free-fall state for practically a yr. It peaked at $2.99 on February 26 final yr, however has plunged by 94.5% since then and now sits inches above $0.16.
Other customers echoed the earlier assertion, with one adding, “We are uninterested in ready for the second migration,” whereas others said they’ve been ready for 5 – 6 years for that coin migration.
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