Pi Network, a mobile-based cryptocurrency project, continues to attract a large user base despite facing significant criticism over its operations and structure. Launched in 2019, Pi Network allows users to "mine" Pi coins via a smartphone app, utilizing the Stellar Consensus Protocol instead of traditional proof-of-work methods. However, critics have raised concerns about its centralized control, opaque tokenomics, and reliance on referral-based growth, likening it to multi-level marketing schemes. Despite these issues, Pi Network maintains a strong following, with millions of users engaging daily. The project finally launched its mainnet in February 2025, but faced setbacks with migration delays and limited exchange listings. Pi's price briefly surged to $3 before falling to around $0.34. The network's appeal lies in its low entry barrier and mobile-first design, which attracts non-technical users. As Pi Network navigates these challenges, its ability to deliver on promises of decentralization and utility remains under scrutiny.