The Pi Network is heading into one of its most pivotal moments yet as it prepares to showcase its vision at TOKEN2049 in Singapore on October 1–2. With founder Chengdiao Fan set to deliver a keynote, the event is widely seen as an opportunity for the Pi Core team to rebuild community trust, present a clear roadmap, and demonstrate real-world utility for the Pi coin.
For many in the Pi community, expectations are high. Popular members like Dr. Altcoin have emphasized that TOKEN2049 is not just another appearance, it is a defining moment where the core team must address four pressing issues: blockchain upgrades, roadmap clarity, Pi App Studio adoption, and transparency around Pi Ventures.
Protocol Upgrade to Version 23
The Pi blockchain recently advanced from version 19 to 22 on Testnet1, but community members are urging the Core team to accelerate the shift to protocol version 23. The upgrade promises stronger scalability, improved consensus, and better interoperability, all of which are essential for moving closer to a secure and functional mainnet. For Pi’s 100 million-strong user base, this upgrade could mark a turning point in technical maturity.
Roadmap and Exchange Listing Uncertainty
Since launching in 2019, Pi Network has promised a decentralized ecosystem where Pi coins could be used in payments, transfers, and dApps. Yet six years later, the mainnet launch remains in limbo, and the Pi token has not been listed on major exchanges like Binance, Coinbase, or Kraken.
The lack of a transparent roadmap has frustrated the community, especially as Pi’s price lingers around $0.35, nearly 90% below its $3.00 peak. A clear set of milestones from the team could provide much-needed confidence.
Pi App Studio: Stalled Momentum?
At the Pi2Day 2025 event, the team unveiled Pi App Studio, a no-code AI-powered platform for building apps within the Pi Browser. While its launch generated enthusiasm, with nearly 7,900 dApps built in the initial weeks, progress updates have since stalled.
Community developers, including notable figures like Woody Lightyear, have voiced concerns about technical barriers and lack of communication. TOKEN2049 may be the right moment to reignite momentum around the App Studio.
Transparency on Pi Ventures’ $100M Fund
To boost adoption, the Pi Core team launched the $100 million Pi Ventures fund, denominated in both Pi and USD. While it was pitched as a catalyst for utility, details on capital allocation and supported projects remain scarce. Dr. Altcoin and others have stressed that case studies and progress disclosures are essential to prevent another wave of community disappointment, especially after setbacks during previous conferences.
A Make-or-Break Moment
For Pi Network, TOKEN2049 could define its future trajectory. If Chengdiao Fan and the Core team deliver clarity on upgrades, adoption tools, and funding transparency, Pi could regain investor confidence and stabilize its value. If not, skepticism may deepen, leaving the Pi coin vulnerable to further declines.
With millions of holders watching closely, all eyes will be on Singapore to see if Pi Network can finally turn vision into reality.
