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FAQs

Why is the KYC process so problematic, and what specific technical issues are causing delays in token access?

The KYC process faces issues like unclear documents, mismatched information, failed facial verification, and pending manual reviews. Technical snags include 2FA email errors, wallet sync issues causing zero balances, and general system delays, all contributing to stalled migrations.

Is Pi Network’s ecosystem truly decentralized, or does the Core Team exert centralized control over token distribution?

Concerns about decentralization stem from the Pi Core Team controlling an estimated 82.8% of the total 100 billion Pi supply across six main wallets and thousands of unlisted wallets. This high concentration raises questions about the project’s adherence to decentralized principles.

How effective are Pi Network’s recent updates, like Pi App Studio and staking, in driving real-world adoption?

While Pi App Studio enables no-code AI app creation and staking supports app discovery, their effectiveness in driving real-world adoption is still debated. Many users remain frustrated by token access limitations, which may hinder the practical utility of these ecosystem advancements.

The post Pi Network News: 370M Pi Tokens Hit Exchanges as Users Remain Locked Out appeared first on Coinpedia.org.

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