PI Network’s Token Lockup Plan Sparks Community Outcry Amid Liquidity Concerns

PI Network's controversial token lockup proposal has triggered significant backlash from its user base. The August 2 initiative promises mining boosts of up to 200% for participants who immobilize their Pi coins—a strategy intended to stabilize the ecosystem but widely criticized as poorly timed given current challenges.

Community members across social media platforms have voiced strong objections, pointing to the token's depreciating value, persistent KYC verification delays, and slow mainnet migration progress. The lockup's binding nature—with no option for early withdrawal—has raised suspicions about potential artificial scarcity tactics before establishing genuine utility.

The complex two-tiered lockup mechanism, which treats pre-migration and mainnet-bound PI differently, has added to user frustration. While the development team positions this as ecosystem reinforcement, many community members interpret it as premature capital capture during ongoing liquidity constraints.