Pi Network Marks First Anniversary of Open Mainnet with 17.7M Verified Users, Faces Community Scrutiny Over Rewards
Pi Network's Open Network milestone marks one year since its launch on February 20, 2025, with the project reporting over 17.7 million verified users and more than 9 billion Pi migrated to mainnet wallets. The Pi Core Team highlights ecosystem gains in KYC compliance, mainnet migration, and developer activity, while some community members voice frustrations over delayed validator rewards and account locks.
The LAYER 1 blockchain, focused on mobile mining, allocates its 100 billion token supply with 65% for community mining, 20% for the core team, and smaller portions for foundation reserves and liquidity. Critics label Pi a "failed project" amid ongoing usability challenges, though developers maintain their six-year buildout created real applications for Pioneer engagement.
