- Pi Network is faced with criticism of its community for the KYB delays.
- Pi took a sharp drop today and made a return by trading at $ 0.59.
PI Network is gradually turning into a controversial issue in the crypto industry. The reputation it has built for the last few years is due to its network delays. Large crypto exchanges, project lack transparency and network problems, as they were far from listing PI money.
One of the most important problems related to the recent PI network is the delay of processing business information (PUK) demands. PI Networking KYB approval is required to officially start any project network. Since these demands face processing delays, developers choose other platforms.
Pidaoswap post In the official X account, which expresses the impatience of Pi Network on KYB delays. 15 working days ago presented a KYB application and no progress was made in the process. Since the basic framework of Pidaoswap was completely developed, the team decided to choose Binance Smart Chain as a temporary solution.
PI Network (PI) Market price returns after a sharp drop
The Pi mine market price is traded at $ 0.66 at the press time after reaching a $ 0.407 at the earliest in the early hours today. The price took a sharp drop a few hours ago, but it made a return in a few hours and increased above $ 0.6. While the market value stopped around 4.45 billion dollars, the 24 -hour transaction volume increased by 91%.
Pi mine was in a downward price movement as he continued to encounter criticisms that the price of money, networks and problems. Some of the pioneers reported KYC problems and pi mine loss losses. The team did not deal with these problems and made announcements of events such as Pifest.
Large crypto exchanges such as Binance and Coinbase did not make any announcements about the pi mine list. The lack of transparency, when combined with network problems, pushes the pi coin money market price even further down. Until the nuclear team of the project stands out and relieves the concerns of the community, the project has no hope of healing.
Crypto news emphasized today:
Us SN declares that the dollar -supported stablecoins are not securities
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