Pi Network’s $100M Ventures Fund Sparks Outcry Among Pioneers
Pi Network’s Core Team faces growing backlash from its 70 million Pioneers after announcing Pi Network Ventures. The $100 million fund, intended to boost decentralized app development, has drawn accusations of betrayal rather than support.
Long-term users point to unresolved issues—unpaid referral rewards, ongoing KYC delays, and repeated Open Network launch postponements—as proof of broken commitments. Dr. Altcoin’s research shows 94% of Pioneers failed to accumulate 1,000 Pi due to these systemic flaws, fueling anger over what many see as exploitation of their unpaid efforts.