Pi Network’s $100M Ventures Fund Sparks Outcry Among Pioneers Over Unfulfilled Promises

Pi Network’s Core Team is facing significant backlash from its 70 million-member community after unveiling Pi Network Ventures, a $100 million fund designed to support decentralized applications on its platform. Long-time supporters, known as Pioneers, are voicing feelings of betrayal, citing unmet commitments and persistent delays.

The discontent stems from claims that 94% of Pioneers failed to earn substantial Pi rewards due to uncredited referral bonuses. The Ventures Fund, initially promoted as a driver of ecosystem growth, is now viewed as profiting from years of unpaid user participation. Key grievances include unresolved KYC verifications, repeated delays in launching the Open Network, and the lack of promised DApps.

Market analysts highlight the irony: a project built on community trust is now struggling to maintain it. The absence of functional DApps contradicts prior assurances that 100 live applications were required before mainnet activation. With credibility at stake, disillusioned users are calling for greater accountability from PI Network.