The Pi Network app achieves a milestone with over 10 million verified users completing KYC, despite ongoing limitations on token utility.

Users generate Pi tokens through app interaction, yet they remain non-transferable and non-exchangeable for fiat currency, raising scepticism about their value proposition.

Criticism from AIMultiple highlights concerns over Pi's lack of exchangeability, prompting questions about the token's intrinsic worth.

The Pi team plans to address these concerns by setting milestones for token tradability, aiming to launch a mainnet upon reaching 15 million verified users.

Despite optimism, debates persist within the cryptocurrency community regarding the network's potential benefits until tangible value is established for Pi tokens.