pidaoswap

The world of Pi Network has been a hotbed of activity lately, but not all of it is positive. There's a storm brewing, and it's centered around the Know Your Business (KYB) processes. 🌩️

## 💥 Pi Network Faces Criticism for KYB Delays
Pi Network is currently facing a wave of criticism. Decentralized exchange PiDaoSwap has thrown the spotlight on the prolonged delays in the KYB review process. It's like a never - ending wait for them. 🤦‍♂️
### PiDaoSwap's Agonizing Wait
PiDaoSwap submitted a KYB application, and as of now, 15 days have passed, yet the PiCoreTeam (PCT) has not issued an approval. To build within the Pi Network, projects need to go through this KYB application process to pass the PCT's due diligence. Once approved, they get access to developer support, funding, and other perks in the Pi ecosystem. But for PiDaoSwap, this wait has been described as "agonizing." They're in a state of limbo, unable to start full development on the Pi mainnet because of the delay. It's like being stuck at a red light that just won't turn green. 🔴
### Launching NFTs on Binance Smart Chain (BSC)
In response to this delay, PiDaoSwap has decided to take matters into their own hands. They've announced that they will launch non - fungible tokens (NFTs) on Binance Smart Chain (BSC) while they wait for the KYB approval from Pi Network. Binance, on the other hand, has been focusing on BSC projects and has excluded Pi Network in its Vote To List initiative. PiDaoSwap's statement, "We have chosen to launch community NFTs on BSC as an interim solution rather than continuing to wait idly," shows their frustration and the need to move forward somehow. It's like finding a detour when the main road is blocked. 🛣️

## 😡 PiCoreTeam Catching Backlash In Recent Weeks
The PiCoreTeam has been on the receiving end of a lot of backlash in recent weeks. Thought leaders within the Pi ecosystem have not been shy about expressing their concerns. Dr Altcoin, an active member of the ecosystem, has been particularly vocal. He's taken aim at the PCT over the KYB approval delays. He points out that PiDaoSwap's situation is not an isolated one. Apparently, several centralized exchanges are also waiting for KYB approvals. It's like a domino effect, with the delays causing frustration and setbacks across the Pi Network ecosystem. 🍀

*Disclaimer: The information provided in this article is for general informational purposes only. The Pi Network is still in development, and the cryptocurrency space is highly volatile and speculative. The delays and issues described here are based on reports and statements within the community, and the situation may change. Before making any decisions related to Pi Network, such as investing time or resources, you should conduct thorough research, consider your own risk tolerance, and consult a qualified financial advisor if necessary.*

**#PiNetwork #PiDaoSwap #NFTs💌🖼️🇩🇪 #BinanceChain **