The latest Update of the PI network on its auction. Pi Domain aroused criticism from its users. While the PI Core team presented a new application to manage domain offers, with features such as monitoring of statistics and e-mail alerts, many in the community believe that it is not the major progress they were waiting for, in particular before the PI2day 2025.
No major update?
Pioneers, which supports and uses the PI network, had hoped for stronger announcements that could help the Pi token to gain real value. Instead, many see this update of the domain auction as disappointing and disconnected with what users really want. However, Pi Network failed to impress the cryptographic community, and now they doubt the future of Pi, which seems dark and dark. Users also see a severe bloodbath to Pi Price if they will not offer new announcements.
The auction sees a low interest in the middle of a price accident
Since the start of the auction three months ago, around 3 million Pi tokens (worth 1.8 million dollars) have been spent on domain offers, according to Piscan. But this is small compared to the daily PI negotiation volume of more than $ 100 million. The update did not do much to increase interest or price. PI is now negotiated at around $ 0.60, down 35% last week and 60% for the month.
The first hopes that companies would rush to buy areas. Even the founder of PI, Nicolas Kokkalis, once compared to ordinary internet fields, but this excitement was not manifested in real number.
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Calls for real updates become stronger
Users are now requiring more significant progress. Many are always stuck in the KYC process (knowing your customer), and only six companies have finished KYB (know your business). The 100 million dollars venture capital fund launched last month, has not yet announced to start-up investments.
A frustrated user wrote on X: “Super, but when will you correct KYC’s delays and will you deliver real tools?”
More pressure on the upcoming team
The team is now faced with additional pressure. More than 248 million Pi tokens will unlock next month, which could lead to even more sales. Without clear steps such as exchange lists, ecosystem tools and faster KYC treatment, the network risks losing the confidence of its community.
For the moment, the update of the domain .PI is considered too little, too late.
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