Despite attracting millions of users since its launch in 2019, Pi Network’s token remains without significant market value. Its blockchain operates under the control of developers, and despite recent attempts at opening its mainnet, it has faced technical hurdles and growing concerns regarding transparency and decentralization. While initial enthusiasm for the project surged after a partial opening of its mainnet, concerns about centralization, opaque token distribution, and suspicious wallet activity have emerged. However, users remain drawn to Pi Network’s mobile accessibility, lack of fees, gamification, and strong community identity, despite these challenges.