Kraken has just launched the very first perpetual future for the Pi Network Pi token, offering a new powerful way for merchants to expose themselves to the asset. Despite the buzz surrounding these major exchange beginnings, the PI price has dropped 3.5% in the last 24 hours, now negotiating $ 0.7821, highlighting increasing concerns concerning its volatility and centralization.
Kraken offers a 20x lever effect for American merchants
With new perpetual term contracts, Kraken Pro users can now go for a long time or short of pi with a lever effect up to 20x. The contract supports more than 360 markets and accepts more than 40 different guarantee options. This decision facilitates that American merchants never have access to PI term contracts without additional regulation or obstacle to the platform.
Unlike traditional term contracts, perpetual contracts do not express, allowing traders to hold their positions indefinitely – although financing costs can be applied according to market conditions. This list is considered to be a potential signal of the growing institutional interest for PI, despite its absence of high -level exchanges like Binance and Coinbase.
Centralization and confidentiality problems increase red flags
Despite development efforts, Pi Network continues to deal with criticism of its tokens distribution and confidentiality practices. Currently, around 60% of the total PI supply is still controlled by the main team.
Dr. Altcoin, a leading supporter of the project, expressed serious concerns about the lack of transparency of the PI Core team, in particular with regard to the collection of user and used data. It warns that this data could potentially be used for:
- AI training
- Identity flight
- Monitoring of the real world movements of users
Without appropriate disclosure, he thinks that user confidence and data confidentiality remain at serious risk.
New updates of the Pi network ecosystem
In the midst of these controversies, Pi Network introduced several improvements in ecosystems, in particular:
- Five new community applications integrated into the PE Mainnet ecosystem interface
- A simplified account recovery process, aimed at stimulating accessibility and user participation
These updates reflect continuous efforts to improve the usefulness of PI and ecosystem commitment, although questions remain on transparency and market preparation.
Final reflections
The Network PI list on the Kraken term platform marks an important step, giving the project more visibility and market tools for merchants. However, the price crisis, transparency concerns and centralized tokens assets can continue to weigh on feeling. As institutional attention increases, the next movements of the PI Core team – in particular with regard to communication and decentralization – will be closely monitored.
