# Unlisted on Major Exchanges: As of now, Pi Network tokens (Pi) are not listed on any major cryptocurrency exchanges, making it difficult to trade or determine their value.

2. Lack of Transparency: Some critics argue that the network lacks transparency regarding its development roadmap and goals.

3. No Blockchain: While Pi claims to be a decentralized network, its actual blockchain has not been fully released yet, raising questions about its technical legitimacy.

4. Monetization through Ads: The app displays ads, which could suggest it is more focused on generating revenue from users rather than creating a functional cryptocurrency.

Pi Network isn't necessarily a scam, but it also hasn't proven itself as a fully-fledged, functional cryptocurrency yet. The value of its tokens remains speculative until it is listed on exchanges and the blockchain becomes fully operational.

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