隨著核心團隊控制828億個硬幣，PI網絡[PI]面臨著關於權力下放的辯論

儘管該項目旨在提供更容易獲得的採礦經驗，但最近的報告顯示，核心團隊控制著828億個硬幣。

A mobile-first cryptocurrency project, Pi Network [PI], has been the subject of ongoing debate, largely revolving around the project’s claims of decentralization.

移動優先的加密貨幣項目PI Network [PI]一直是持續辯論的主題，在很大程度上圍繞著該項目的權力下放主張。

Having set out to provide a more accessible mining experience through its app, Pi Network has also aimed to introduce cryptocurrency to a broader audience.

PI Network著手通過其應用程序提供更容易獲得的採礦體驗，還旨在向更廣泛的受眾介紹加密貨幣。

However, recent reports have revealed that the core team at Pi Network controls a significant portion of the total coin supply.

但是，最近的報告顯示，PI網絡的核心團隊控制著代幣總供應的很大一部分。

Out of the 100 billion Pi coins in circulation, the core team reportedly holds 82.8 billion, a level of control that has sparked concerns among members of the Pi community and crypto analysts.

據報導，在流通的1000億PI硬幣中，核心團隊持有828億，這是一種控制水平，引起了PI社區和加密分析師的關注。

Pi Network’s tokenomics and implications for decentralization

PI Network的令牌學及其對權力下放的影響

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

PI Network的總供應量為1000億，該金額旨在平衡採礦獎勵，生態系統增長和開發人員的激勵措施。

While 65 billion coins are allocated for community members to mine, another 20 billion are reserved for ecosystem development, and 15 billion are set aside for developer incentives.

雖然分配了650億個硬幣供社區成員開採，但為生態系統開發保留了另外200億個硬幣，並為開發人員的激勵措施預留了150億。

However, data from on-chain analytics firm Tokenview shows that a significant portion of the total coin supply remains under the control of the core team.

但是，來自鏈分析公司Tokenview的數據表明，總硬幣供應的很大一部分仍在核心團隊的控制之下。

According to Tokenview, 62.8 billion PI coins are held in six wallets that are directly linked to the core team. Additionally, another 20 billion coins are dispersed across around 10,000 wallets associated with Pi’s development.

根據Tokenview的說法，有628億枚PI硬幣在與核心團隊直接相關的六個錢包中舉行。此外，與PI開發相關的大約10,000個錢包中，另外有200億個硬幣分散了。

This level of token concentration is in stark contrast to leading cryptocurrencies like Bitcoin [BTC] or Ethereum [ETH], which distribute control among thousands of validators.

這種令牌濃度與比特幣[BTC]或以太坊[ETH]等領先的加密貨幣形成鮮明對比，後者在數千個驗證器之間分配控制。

In comparison, Pi Network’s small number of validators and the core team’s extensive token holdings present a risk of centralization, especially given the potential for misuse or corruption.

相比之下，PI Network的少量驗證者和核心團隊的廣泛代幣持有物具有集中化的風險，尤其是考慮到濫用或腐敗的潛力。

Moreover, the limited validator distribution within the Pi Network also raises concerns. At present, the network operates with just 43 nodes and three active validators globally.

此外，PI網絡中有限的驗證器分佈也引起了人們的關注。目前，網絡在全球僅使用43個節點和三個主動驗證器運行。

In contrast, Ethereum and Bitcoin have thousands of independent nodes, crucial for decentralized security and decision-making.

相比之下，以太坊和比特幣具有數千個獨立節點，對於分散的安全性和決策至關重要。

With such a small number of validators, there are doubts over whether Pi Network can function as a decentralized blockchain, especially in comparison to the leading smart contract platforms.

有瞭如此少量的驗證器，人們對PI網絡是否可以充當分散的區塊鏈有疑問，尤其是與領先的智能合同平台相比。

Another aspect that has sparked skepticism is the limited availability of Pi Network’s source code and on-chain data. This lack of transparency makes it difficult for external analysts to assess the integrity of the network.

引起懷疑的另一個方面是PI網絡源代碼和鏈上數據的可用性有限。這種缺乏透明度使外部分析師很難評估網絡的完整性。

Furthermore, Pi Network’s KYC process is reportedly automated using AI, raising privacy concerns among users who are keen to understand how their data is being stored and protected.

此外，據報導，PI Network的KYC流程是使用AI自動化的，這引起了渴望了解其數據如何存儲和保護的用戶之間的隱私問題。

Pi coin price analysis: Market volatility and future trends

PI硬幣價格分析：市場波動和未來趨勢

Since Pi Network launched its mainnet in February 2025, Pi Coin’s price has experienced considerable volatility. It surged to an all-time high of $2.99 on the 26th of February 2025 before experiencing a sharp correction.

自PI Network於2025年2月推出其主網以來，Pi Coin的價格經歷了相當大的波動性。在2025年2月26日，在經歷了急需的更正之前，它的歷史高度為2.99美元。

As of writing, Pi Coin was trading at $1.71, reflecting a 45% decline from its peak. Despite this downturn, Pi Coin’s market capitalization has reached $12.26 billion, making it the 11th largest cryptocurrency at press time.

截至撰寫本文時，Pi Coin的交易價格為1.71美元，反映出其高峰下降了45％。儘管經濟低迷，Pi Coin的市值仍達到122.6億美元，使其成為發稿時第11大加密貨幣。

Source: CoinMarketCap

資料來源：CoinMarketCap

Looking at the broader market movements, it appears that investor sentiment is mixed, with some users expressing frustration over delays in token migration to the mainnet.

看著更廣泛的市場變動，看來投資者的情緒好壞參半，一些用戶對代幣遷移到主網的延遲感到沮喪。

Many users have also reported difficulties in transferring their mined Pi coins, while some allege extended lockout periods for their tokens.

許多用戶還報告了很難轉移其採礦的PI硬幣，而一些用戶則表示延長了其代幣的停工期。

These unresolved issues, combined with skepticism over the project’s governance, have led some to question whether Pi Network is truly committed to decentralization.

這些未解決的問題，加上對項目治理的懷疑，使一些人質疑PI網絡是否真正致力於權力下放。

Some users on a popular cryptocurrency forum have even gone as far as to label the project as overly centralized, citing inconsistencies in token distribution and governance.

流行的加密貨幣論壇上的一些用戶甚至已經將該項目標記為過度集中式，並以代幣的分配和治理不一致​​。

Additionally, concerns have emerged regarding erased transactions and unfulfilled promises, which have contributed to skepticism over the project’s future.

此外，人們對擦除的交易和未實現的承諾引起了人們的關注，這對項目的未來產生了懷疑。

Despite these challenges, Pi Network has a large user base, which could be crucial for the project’s recovery. However, the project’s token price remains heavily influenced by speculation, and there are concerns over the project’s long-term sustainability.

儘管面臨這些挑戰，但PI網絡仍有大量的用戶群，這對於項目的恢復至關重要。但是，該項目的代幣價格仍然受到猜測的嚴重影響，並且對該項目的長期可持續性感到擔憂。

Ultimately, only time will tell if Pi Network can overcome these challenges and achieve sustainable growth in the cryptocurrency market.

最終，只有時間才能證明PI網絡是否可以克服這些挑戰並實現加密貨幣市場的可持續增長。