After all these years of development, Pi Network has finally arrived at a critical point in its lifecycle—but there’s still no full launch. Even with the technical groundwork for much of the network now complete, users are becoming increasingly frustrated with delayed KYC verifications, token migrations, and release of long-promised rewards.

Delays May Be Strategic, Not Technical

In the opinion of crypto analyst Dr Altcoin , these delays may be not merely technical setbacks—these may be a part of well-thought-out strategy on the part of the Pi Core Team (PCT) to protect the future of the network. He believes Pi is yet to be in its “price discovery” phase, and the present trading range of $0.40 to $0.50 means that the market still hasn’t made up its mind regarding a set value.

Question asked: Why are there delays in KYC approvals, migration, referral, and validation rewards?

My Answer: The groundwork for Pi Network is largely complete—why it took over 6 years to get to this point is another story. However, the project is still not mature enough to…

— Dr Altcoin (@Dr_Picoin) July 12, 2025



Dr Altcoin explains that the PCT can wait for Pi to get to a price more aligned with $10 before enabling complete peer-to-peer trades and greater usability. Why? To prevent bulk selling. Dumping all coins at once before the environment is conducive might overwhelm the market, cause the price to plummet, and destroy long-term community confidence.

Most of the holders are waiting for upcoming rewards or KYC validation. Once all those tokens were released simultaneously, there would be a huge dump after that. By doing this, the team is providing the value of Pi with more time to consolidate—and letting the ecosystem settle before it needs to deal with actual volume.

Dr Altcoin also proposes the team can consider longer-term token locking or burning mechanisms to decrease supply and increase value. Although these actions might infuriate some users in the short term, they might stabilize and promote growth of Pi in the long term.

The message is unmistakable: Pi Network is playing the long game. If the plan holds water, it could usher in a more robust token economy and maybe, just maybe, the financial boon many early adopters are dreaming of.

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