Pi network not really decentralized? 82.8 billion PI coins stir debate – BitRss

• Pi Network’s 82.8 billion holdings sparked concerns over centralization, transparency, and validator control.
• Despite reaching a $12.26 billion market cap, PI faced growing skepticism amid governance and migration delays.

Pi Network [PI], a mobile-first cryptocurrency project, has been at the center of a growing debate about its decentralization.

While the project aims to provide a more accessible mining experience, recent reports reveal that the core team controls 82.8 billion coins. 

This revelation has sparked concerns about the true nature of Pi Network’s decentralization and the network’s long-term sustainability.

Coupled with concerns over validator distribution and transparency, the project now faces mounting skepticism from its community and crypto analysts.

Pi network’s tokenomics and centralization concerns

Pi Network’s total supply is capped at 100 billion, structured to balance mining rewards, ecosystem growth, and developer incentives. 

While 65 billion coins are allocated for community mining, 20 billion are reserved for ecosystem development, and 15 b…