Pi Network's $100M Fund Sparks Controversy, Shaking the Trust of 70M Users

A significant controversy has erupted within the Pi Network community, shaking the trust of its 70 million global users — known as Pioneers — after years of loyalty and anticipation.

A significant controversy has erupted within the Pi Network community, shaking the trust of its 70 million global users — known as Pioneers — after years of loyalty and anticipation.

While the network recently unveiled a $100 million fund aimed at fostering ecosystem growth, many long-time supporters are voicing frustration and disappointment.

Here's a breakdown of the community unrest and its potential impact:

Announcing Pi Network Ventures: A $100 Million Investment Fund for DApps

On May 14, the Pi Network Core Team introduced “Pi Network Ventures,” a $100 million investment initiative to support developers building decentralized applications (DApps) on the Pi platform. The fund will invest in promising DApp projects and provide them with the resources they need to succeed.

The announcement was met with a mixed reaction from the community, with some expressing skepticism and others voicing their support.

However, many Pioneers were left feeling disappointed and frustrated by the lack of progress on core features and the minimal compensation offered for their referral and ambassador efforts.

Community Unrest: A Deeper Look

At the heart of the community unrest is a feeling that the Core Team is not prioritizing the needs of its long-term contributors.

Many Pioneers have yet to receive even 1,000 Pi despite years of engagement, while the project’s success is being attributed to external developer contributions, which are being funded in part by the goodwill and unpaid efforts of the community.

Following the announcement, Pi’s price briefly spiked before sharply retreating to $0.80, a decline widely interpreted as a loss of trust in both the token and the leadership.

The sentiment reflects more than just price volatility — it signals a crisis in confidence.

Years of Promises, Little Progress

Since its inception in 2021, Pi Network has struggled with:

• KYC verification remaining a slow and inconsistent process for many users.

• The Open Mainnet launch being postponed multiple times.

• • The Core Team previously committing to launching 100 active DApps before mainnet, a target that remains largely unmet.

This lack of transparency and shifting timelines have only fueled growing skepticism.

A prominent crypto analyst summarized the mood succinctly: “Pioneers aren’t just users — they’re the backbone of Pi. The Core Team’s silence speaks louder than any update.”

Indeed, much of the criticism stems not just from technical delays, but from a broader breakdown in communication and transparency.

What Needs to Happen Next

Unless the Core Team takes meaningful steps to address concerns, deliver on long-promised features, and re-engage its base with clarity and respect, Pi’s greatest asset — its people — may ultimately turn away.

DYOR (Do Your Own Research).

#PiCoreTeam #PiNetworkMainnet #EthereumSecurityInitiative #BinanceHODLerNXPC