Pi Network (PI) Node Runner John Lang Expresses Optimism Despite Barrage of Criticisms

While the PiCoreTeam (PCT) has endured a barrage of criticisms, Pi Network node runner John Lang has expressed optimism over the future of Pi Network.

The Pi Network core team (PCT) has come under fire from community members for its handling of several projects and the recent downturn in the token price has led to further frustration among investors.

However, Pi Network node runner John Lang is still optimistic about the future of the project. In a recent post on X, Lang highlighted several initiatives by the PCT and urged investors not to sell their Pi tokens in the face of extended bearish sentiments.

Lang: Trust The Process, Never Sell Your Pi Cheap

After a torrid week that saw the Pi Network token price tumble to $0.58, node runner John Lang is kindling bullish sentiments for Pi Coin holders. According to a post on X, the price correction is only a small blip in the grand scheme of things for Pi.

His optimism stems from a series of behind-the-scenes activities by the PiCoreTeam which he says will usher a range of positives for the network. Per Lang, Pi community members should be patient with the PCT in view of the mountain of work before the development team.

“Guys, be patient with the PiCoreTeam. They keep working, building meticulously behind the scenes. Their task is not easy and there are so much things to do.”

His comments come on the heels of scathing criticism against the PCT revolving around delays for KYB approvals for community projects. Things reached a head after PiDaoSwap launched NFTs on BSC as a temporary fix to the lengthy delays by the PCT.

Furthermore, Lang wants investors not to capitulate despite the pervading bearish conditions. Pi price has slipped 13% and is in free fall toward $0.3 with all eyes on the PCT for a short-term fix.

“Just trust the process and whatever the market condition is, never sell your Pi cheap,” said Lang.

Pi Network Technical Conditions For Ecosystem Developers

In a recent update, the PCT has released technical conditions for developers keen on building applications on the Pi Network. The conditions focus on a mobile-first strategy spelling out development language and framework while rolling out a software development kit.

Per the announcement, developers must pass KYC certification, and apps on the network must indicate a way of value exchange. The PCT’s pragmatic suggestions include apps for virtual goods, service decentralized applications (DApps), and mini-game platforms.

The PCT has released an update on Pi domain auctions, noting that bids have surpassed the 200,000 mark confirming rising on-chain metrics. Despite the rising PCT activity, market analyst Dr Altcoin has urged the PCT to burn billions of Pi Coins in its foundation wallets.

The pseudonymous Satoshi Nakamoto has urged community members to help stabilize the Pi price via a decentralized strategy. Nakamoto proposes a community-driven liquidity pool (CDLP) powered by investors committing to purchase a fixed amount of Pi each month.