Pi Network Community Outraged After Core Team Announced Pi Network Ventures Fund Worth $100 Million

Recently, Pi Network – a blockchain project that was once expected to change the way cryptocurrency mining works – has once again become the center of harsh criticism from its own community. The reason stems from the announcement by the (Core Team) of the Pi Network Ventures Fund worth 100 million USD aimed at developing decentralized applications (DApps) on the Pi platform. However, instead of receiving support, this move has been called "betrayal" by many long-term users. Pioneers Feel Betrayed According to an analysis by Dr. Altcoin – an analyst specializing in Pi Network – more than 94% of users (Pioneers) have never earned up to 1,000 Pi due to not being fully credited for referral rewards and ambassador roles. Over the years, they have dedicated time, effort, and even trust to help the project grow. However, they are now being informed that the applications they have long been looking forward to will be developed with new funding – rather than the accumulated results from their contributions. The disappointment deepens when recalling the prolonged delays since 2021. Issues such as delays in KYC verification, postponement of the mainnet launch (Open Mainnet), and vague explanations have caused the community to lose patience. One of the conditions set by the Core Team for launching the mainnet is to have 100 active DApps, but so far, most are still missing. This raises the question: Where have the previous advertising revenues and the results of hackathon competitions gone? Trust Wavers Due to Lack of Transparency Shortly after the announcement of the Ventures fund, the price of Pi briefly surged. However, when detailed information was revealed, the market immediately reacted negatively: the price of Pi plummeted to 0.80 USD, reflecting deep disappointment among investors and users. Pi Network currently has over 70 million users in more than 200 countries - a huge number built not by large investment capital, but by trust, perseverance, and the continuous contributions of the community. Therefore, when they feel abandoned, they cannot remain silent. Dr Altcoin shares: "Pioneers are not just users – we are the reason Pi Network exists. The silence of the Core Team at this moment speaks volumes." What Future Awaits for Pi Network Without the Community? If Pi Network continues to delay, lacks transparency, and becomes disconnected from users – who were once the core of the project's value – then this platform may collapse from within. The community's patience is running thin, and if the Core Team does not act promptly to restore trust, the future of Pi Network will be very uncertain.