The history of Web3 should recognize an important contribution from Pi Network: making blockchain and cryptocurrency more accessible to millions of ordinary people.
When Pi Network launched in 2019, many people still believed cryptocurrency was only for programmers, investors, or those who could afford expensive mining equipment.
Pi helped change that perception.
With a smartphone, users could begin exploring cryptocurrency, blockchain wallets, private keys, consensus mechanisms, peer-to-peer transactions, and the decentralized economy.
From drivers and small business owners to office workers and older adults, many people discovered Web3 for the first time through Pi Network.
Pi did not invent blockchain or cross-border payment technology. But it played a meaningful role in introducing these ideas to a wider global community.
That contribution deserves recognition.
BUT A REVOLUTION CANNOT STOP AT ATTRACTING USERS.
After building a large community, Pi Network faced more difficult challenges.
KYC processes took longer than many users expected.
Mainnet migrations happened in multiple stages.
Referral rewards depended on the verification status of invited users.
Many Pioneers continued waiting for access to their eligible balances and rewards.
On February 20, 2025, Pi Network officially launched its Open Network.
Since then, the project has continued developing its infrastructure, applications, and ecosystem.
These developments also deserve recognition.
However, a large community does not automatically prove that a cross-border payment system has achieved widespread real-world adoption or that a sustainable decentralized economy has been established.
Such achievements must be demonstrated through actual usage, accessibility, economic activity, and measurable benefits for users.
THIS IS ALSO A LESSON FOR THE ENTIRE MOBILE MINING INDUSTRY.
Pi Network inspired many people to explore mobile cryptocurrency projects.
But newer projects should not simply copy the methods used to attract users, encourage referrals, and maintain daily engagement.
They should also learn the importance of responsibility toward their communities.
Who are the Core Team members?
Which company operates the project?
Where is the actual blockchain and working product?
When will KYC be completed?
When will mining and referral rewards be confirmed and distributed?
Will legitimate contributions be protected?
These are reasonable questions.
KYCFIRST DOES NOT DENY PI NETWORK’S CONTRIBUTIONS.
We believe the positive achievements of any blockchain project should be acknowledged fairly.
But appreciation does not mean users must accept endless waiting.
A project can succeed in inspiring millions of people while still needing to improve how it fulfills its commitments to them.
History may remember Pi Network for helping millions of people enter the world of Web3.
But long-term trust will depend on real-world value, transparency, and how the project treats the community that helped it grow.
THAT IS ALSO THE SPIRIT OF KYCFIRST.
KYC FIRST.
PAY REWARDS MONTHLY.
PROTECT VALID WORK.
FAIRNESS FIRST.
#KYCFIRST #PiNetwork #Web3 #MobileMining #CryptoTransparency
