Do you know what are the biggest challenges facing PI Network?

#Pi Network faces several significant challenges as it aims to establish itself as a legitimate cryptocurrency and ecosystem:

1. Mainnet Launch & Decentralization

The project has been in development since 2019, but its full open mainnet has yet to launch. Many users are still in the “enclosed mainnet” phase, limiting real-world transactions.

Achieving true decentralization requires distributing nodes widely and ensuring the security of the network, which remains a work in progress.

2. KYC Bottlenecks & User Frustration

A major issue is the slow Know-Your-Customer (KYC) verification process. Many users are stuck in a queue, unable to migrate their mined Pi to the mainnet.

This delay creates frustration and doubts about the project’s scalability.

3. Regulatory Compliance & Legal Risks

Governments worldwide are increasingly scrutinizing cryptocurrencies. Pi Network must ensure compliance with regulations (e.g., anti-money laundering laws) to avoid potential bans or legal hurdles.

Some critics claim it could face classification as a security rather than a utility token, leading to further legal complications.

4. Utility & Real-World Adoption

The network's success depends on real businesses accepting Pi as payment. Right now, adoption is limited to a few experimental marketplaces and merchant integrations.

Without widespread utility, many users may lose interest, seeing Pi as a valueless token rather than a viable currency.

5. Skepticism & Scams

The long timeline and lack of liquidity (since Pi is not yet tradable on major exchanges) fuel skepticism. Some users believe it may never deliver on its promises.

Scams exploiting Pi’s name (fake exchanges, phishing attempts, etc.) also damage its credibility.

6. Competition with Established Cryptos

Pi competes with well-established blockchains like Bitcoin, Ethereum, and Solana, which have active ecosystems and strong developer communities.

Attracting developers to build on Pi’s blockchain is crucial but challenging in a competitive Web3 landscape.

7. Economic Model & Token Value

The Pi mining model, based on mobile app engagement, is unique but raises questions about long-term sustainability.

When Pi becomes tradable, its value will depend on supply, demand, and whether businesses and users see real utility in it.