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Jakarta, Pintu News – According to Coinpedia, Pi Network is facing various challenges, ranging from KYC issues to declining user interest, which has caused market sentiment to weaken.
Once seen as a revolutionary crypto project, Pi is now struggling to maintain its momentum.
To make matters worse, the price has dropped below the all-important $1 mark from its all-time high of $3, leaving many pioneers wondering – can Pi still deliver on its promise?
Although Pi Network has launched various projects such as PiDaoSwap and the .pi domain to expand its ecosystem, concerns regarding its network structure continue to rise.
Read also: Pi Coin drops 3%, how much is Pi Network to Rupiah today (3/25/25)?
New debates have emerged regarding the existence of SuperNodes, with many questioning whether the Pi Network is truly decentralized or just a centrally controlled system.
Pi Network claims to be a community-driven project, yet their core team (PCT) has full control over the SuperNodes in charge of validating transactions. Unlike Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- or Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- which rely on thousands of independent nodes, the Pi network is very tightly managed.
Initially, there were only three SuperNodes, all operated by PCTs in Canada and Finland. While this number has now increased to 42 according to data from Piscan.io, the issue of transparency is still in the spotlight.
The development team has not provided a complete list of SuperNodes or explained in detail the selection process, leaving many Pioneers confused and questioning the system.
As Pi prices continued to fall and the issue of decentralization remained unanswered, frustration among Pioneers grew. Many of them felt that they were not really involved in participation or reward sharing.
A post on Reddit asking, “What is a SuperNode?” was only vaguely answered by the team, explaining its technical functions without providing clarity on how users can become one of them.
Meanwhile, Pioneers who have been running nodes for months report no progress or rewards, reinforcing the doubts.
Some are even concerned that only those with insider connections or sophisticated hardware can make the cut, contrary to Pi Network’s promise to make crypto more inclusive and accessible to everyone.
If participation is restricted, is Pi Network truly decentralized?
Meanwhile, the Pi Network Core team stated that they are working behind the scenes to increase the value of Pi. They blamed the price drop on Pioneer selling more than buying, and claimed that increased demand would help the price go back up.
Crypto analyst Justin Bons, Founder & CIO of Cyber Capital, has publicly called Pi Network a scam. He highlighted various flaws in the technology, tokenomics, and centralization aspects of the project.
Read also: Why Pi Network is not yet listed on Binance & Bybit? This is the reason behind it!
According to him, Pi relies heavily on Stellar’s proprietary technology and has no real potential to develop into a true decentralized finance DEFI->Current DEFI PriceRp 0Market Cap-Trading Volume-Circulating Supply- system. Bons also criticized its mining model, which he believes is similar to a Ponzi scheme.
For Pi Network to regain trust, the core team (PCT) must take these concerns seriously-including making the SuperNode selection process more transparent, publishing the list of approved nodes, and ensuring a fair distribution of rewards for participants.
Until these things are done, doubts will continue to loom over Pi Network’s vision, and its token price will likely continue to be depressed.
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