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. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Why Pi Network Coin Price is Dropping , 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. 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According to Dr. Altcoin, the Pi Core Team (PCT) has completed the network’s foundation but is delaying full DApp and peer-to-peer functionality because the ecosystem isn’t ready for large-scale use and Pi Coin hasn’t reached its target “price discovery phase” of over $10. What is the long-term vision for Pi Network? Dr. Altcoin believes the long-term plan aims for Pi Network to achieve real peer-to-peer utility, stronger prices, and potentially help loyal holders achieve financial freedom. Future strategies might include long-term token locking or burning. Is Pi coin a good investment? If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
