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Pi Network’s Lockup Plan Faces Backlash as Community Reacts to 200% Mining Bonus During Crypto Slump
Pi Network’s Lockup Plan Faces Backlash as Community Reacts to 200% Mining Bonus During Crypto Slump
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network is under fire after rolling out a voluntary token lockup program that promises mining bonuses of up to 200%. The timing of the launch, amid a broader crypto market downturn, has amplified frustrations over delayed technical milestones and the project's limited utility.
Participants can lock tokens either before mainnet migration via the Pi app or after migration through Pi Wallet. However, the community has criticized the MOVE as poorly timed, given current liquidity challenges and declining token prices. Complaints about lack of transparency and an unclear roadmap have also intensified, with growing scrutiny directed at Pi's Core Team.
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