Why Pi Network Is Delaying KYC Approvals and Rewards
The post Why Pi Network Is Delaying KYC Approvals and Rewards appeared first on Coinpedia Fintech News
After years of waiting, Pi Network has come a long way, but the journey isn’t over yet. While the foundation is mostly complete, the ecosystem still isn’t ready to fully support large-scale DApp use or economic activity. At the same time, many users are frustrated by delays in KYC approvals, migrations, and promised rewards.
Meanwhile, crypto analyst Dr Altcoin believes these delays might be part of a bigger plan to protect Pi’s future.
Real Reason for the Hold-Up
According to Dr Altcoin, the Pi Core Team (PCT) has finished most of the groundwork needed to run the network. It took them over six years to reach this point, but the project is not yet fully ready to handle large-scale DApps or true peer-to-peer transactions at a larger scale.
Another important factor is the so-called “price discovery phase.” Right now, Pi Coin is still finding its true market price. The price has fallen from around $3 down to as low as $0.40.
Meanwhile, Dr Altcoin says the Pi Core Team wants to see Pi trading above $10 before allowing full peer-to-peer use. Until that happens, they’re holding off to avoid a market crash.
Strategic Delay to Prevent Mass Selling
It’s no secret that many people are holding onto Pi just because of pending rewards, KYC approvals, and migration. If all those coins were released today, a huge number of users might immediately sell, causing a big drop in price and weakening the community.
By delaying these, the team is buying time for Pi’s value to grow stronger. Dr Altcoin even hints that long-term token locking or burning some coins might be used in the future to push the price up.
Playing the Long Game
However, Dr Altcoin suggests that he’s focusing on the long run, believing Pi’s big promise will be worth it. If the plan works, the network could reach real peer-to-peer utility, stronger prices, and maybe help loyal holders achieve financial freedom.