随着核心团队控制828亿个硬币，PI网络[PI]面临着关于权力下放的辩论

尽管该项目旨在提供更容易获得的采矿经验，但最近的报告显示，核心团队控制着828亿个硬币。

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

移动优先的加密货币项目PI Network [PI]一直是持续辩论的主题，在很大程度上围绕着该项目的权力下放主张。

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着手通过其应用程序提供更容易获得的采矿体验，还旨在向更广泛的受众介绍加密货币。

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

但是，最近的报告显示，PI网络的核心团队控制着代币总供应的很大一部分。

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.

据报道，在流通的1000亿PI硬币中，核心团队持有828亿，这是一种控制水平，引起了PI社区和加密分析师的关注。

Pi Network’s tokenomics and implications for decentralization

PI Network的令牌学及其对权力下放的影响

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的总供应量为1000亿，该金额旨在平衡采矿奖励，生态系统增长和开发人员的激励措施。

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.

虽然分配了650亿个硬币供社区成员开采，但为生态系统开发保留了另外200亿个硬币，并为开发人员的激励措施预留了150亿。

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，来自链分析公司Tokenview的数据表明，总硬币供应的很大一部分仍在核心团队的控制之下。

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.

根据Tokenview的说法，有628亿枚PI硬币在与核心团队直接相关的六个钱包中举行。此外，与PI开发相关的大约10,000个钱包中，另外有200亿个硬币分散了。

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.

这种令牌浓度与比特币[BTC]或以太坊[ETH]等领先的加密货币形成鲜明对比，后者在数千个验证器之间分配控制。

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的少量验证者和核心团队的广泛代币持有物具有集中化的风险，尤其是考虑到滥用或腐败的潜力。

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网络中有限的验证器分布也引起了人们的关注。目前，网络在全球仅使用43个节点和三个主动验证器运行。

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

相比之下，以太坊和比特币具有数千个独立节点，对于分散的安全性和决策至关重要。

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.

有了如此少量的验证器，人们对PI网络是否可以充当分散的区块链有疑问，尤其是与领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.

引起怀疑的另一个方面是PI网络源代码和链上数据的可用性有限。这种缺乏透明度使外部分析师很难评估网络的完整性。

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，据报道，PI Network的KYC流程是使用AI自动化的，这引起了渴望了解其数据如何存储和保护的用户之间的隐私问题。

Pi coin price analysis: Market volatility and future trends

PI硬币价格分析：市场波动和未来趋势

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于2025年2月推出其主网以来，Pi Coin的价格经历了相当大的波动性。在2025年2月26日，在经历了急需的更正之前，它的历史高度为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.

截至撰写本文时，Pi Coin的交易价格为1.71美元，反映出其高峰下降了45％。尽管经济低迷，Pi Coin的市值仍达到122.6亿美元，使其成为发稿时第11大加密货币。

Source: CoinMarketCap

资料来源：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.

看着更广泛的市场变动，看来投资者的情绪好坏参半，一些用户对代币迁移到主网的延迟感到沮丧。

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

许多用户还报告了很难转移其采矿的PI硬币，而一些用户则表示延长了其代币的停工期。

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

这些未解决的问题，加上对项目治理的怀疑，使一些人质疑PI网络是否真正致力于权力下放。

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.

流行的加密货币论坛上的一些用户甚至已经将该项目标记为过度集中式，并以代币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，人们对擦除的交易和未实现的承诺引起了人们的关注，这对项目的未来产生了怀疑。

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.

尽管面临这些挑战，但PI网络仍有大量的用户群，这对于项目的恢复至关重要。但是，该项目的代币价格仍然受到猜测的严重影响，并且对该项目的长期可持续性感到担忧。

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

最终，只有时间才能证明PI网络是否可以克服这些挑战并实现加密货币市场的可持续增长。