raziq_bill
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Risk-taker in the crypto revolution. 💼
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the government need safe crypto with KYC. not like btc take transaction from 30min -24h. government needs a legal crypto for future not for trade and don’t post idiot post about Pi
Ceo_crypto25
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Pi Network: A Revolutionary Crypto or the Next Big Scam?
Pi Network, a cryptocurrency project promising an accessible, mobile-first mining experience, has captivated millions worldwide. But beneath its appealing "mine crypto on your phone" pitch, controversy brews. With critics labeling it a pyramid scheme and even top crypto executives calling it a scam, is Pi Network the future of digital money—or just another cleverly disguised fraud?
The Bybit CEO Calls Out Pi Network
The most damning accusation against Pi Network came from Ben Zhou, CEO of Bybit, one of the world’s leading crypto exchanges. In February 2025, Zhou openly called Pi Network a scam, referencing a 2023 warning from Chinese authorities. The report claimed that Pi Network was being used to target elderly individuals, leading to lost pensions and stolen personal data.
Zhou made his stance clear:
"Yes, I still think you are a scam, and no, Bybit will not list scam."
The reaction was swift. Pi Network supporters called his statement misinformation, arguing that the police warning referred to fraudsters impersonating Pi Network, not the project itself. Pi Network’s team quickly denied any wrongdoing, stating:
"Pi Network is not affiliated with, did not authorize, and did not engage in any activity related to the police warning."
But the controversy didn’t stop there.
A Pyramid Scheme in Disguise?
Many critics believe Pi Network operates like a pyramid scheme. Here’s why:
Referral-Based Growth – Users earn more Pi by inviting others to join, a classic hallmark of multi-level marketing (MLM) structures. The more people you recruit, the more rewards you get.No Real-World Utility – Despite its massive user base, Pi has yet to provide any real use case or tangible value beyond being mined on an app.Locked-Up Tokens – Pi Network incentivizes users to lock their tokens for long periods in exchange for higher mining rates. This is similar to projects like Hex, whose founder faced legal action for defrauding investors.No Open Mainnet – Years after launching, Pi’s blockchain remains closed, preventing users from withdrawing their coins freely. Unlike Bitcoin or Ethereum, which are fully decentralized, Pi Network still controls its entire ecosystem.
Sounds familiar? That’s because many failed crypto projects have followed the same playbook before collapsing.
The Price Surge & Collapse
Despite the controversy, trading for Pi Network IOUs (a token that represents future PI coins) went live on several exchanges. The price action? A rollercoaster.
Pi launched on OKX at $0.67,Surged to $2,Then crashed by 65% in days, stabilizing around $0.69.
This extreme volatility raised concerns:
If Pi Network’s real tokens aren’t tradeable, then what exactly are people buying?Who controls this supply and demand?Could this be an engineered pump-and-dump?
Some crypto exchanges, like OKX, Bitget, and Gate.io, still list PI trading pairs, pulling in millions in trading volume. However, Bybit and Binance have kept their distance, wary of potential legal and reputational risks.
The Never-Ending Mainnet Delay
Pi Network was launched in 2019, yet five years later, it still hasn't fully opened its mainnet. The project remains in what it calls a "Closed Mainnet" phase, restricting transactions to its internal ecosystem.
According to Pi Network, the delay is due to:
KYC (Know Your Customer) Verification – The team claims they are working to verify millions of users to prevent fake accounts from manipulating the system.Ecosystem Development – They say they are building utility for Pi coins before allowing free trading.Security Enhancements – The project insists it is taking a slow and steady approach to ensure stability.While these explanations sound reasonable, critics argue that the real reason for the delay is to keep users engaged without allowing them to cash out. This prevents a massive sell-off that could crash the token’s value.
After all, if people can't sell their Pi, does it really have value?
What If Pi Network Fails?
If Pi Network never opens its mainnet or fails to achieve true decentralization, the consequences could be severe:
Millions of users would be left with worthless digital coins they can't trade.Legal scrutiny could increase, as regulators might label it an unregistered security or pyramid scheme.Trust in future mobile mining projects would be damaged, making innovation in this space harder.
However, if Pi Network does succeed in launching an open mainnet, gaining exchange listings, and developing a real-world economy, it could prove its critics wrong. The project’s loyal supporters believe that patience will reward early adopters with a revolutionary new cryptocurrency.
Should You Trust Pi Network?
At this point, Pi Network is a high-risk project with an uncertain future. If you're already mining Pi, it's best to stay informed and cautious. If you're considering investing in Pi once it's listed on exchanges, remember:
✔️ Do your own research (DYOR) – Don't trust hype or rumors.
✔️ Be skeptical of “get rich quick” narratives – If something sounds too good to be true, it probably is.
✔️ Watch for regulatory updates – Governments are cracking down on crypto projects with unclear legal structures.
For now, Pi Network remains a mystery—a potential breakthrough or a looming disaster.
Will it revolutionize crypto? Or will it be another cautionary tale? The answer may come sooner than we think. $ETH
The Bybit CEO Calls Out Pi Network
The most damning accusation against Pi Network came from Ben Zhou, CEO of Bybit, one of the world’s leading crypto exchanges. In February 2025, Zhou openly called Pi Network a scam, referencing a 2023 warning from Chinese authorities. The report claimed that Pi Network was being used to target elderly individuals, leading to lost pensions and stolen personal data.
Zhou made his stance clear:
"Yes, I still think you are a scam, and no, Bybit will not list scam."
The reaction was swift. Pi Network supporters called his statement misinformation, arguing that the police warning referred to fraudsters impersonating Pi Network, not the project itself. Pi Network’s team quickly denied any wrongdoing, stating:
"Pi Network is not affiliated with, did not authorize, and did not engage in any activity related to the police warning."
But the controversy didn’t stop there.
A Pyramid Scheme in Disguise?
Many critics believe Pi Network operates like a pyramid scheme. Here’s why:
Referral-Based Growth – Users earn more Pi by inviting others to join, a classic hallmark of multi-level marketing (MLM) structures. The more people you recruit, the more rewards you get.No Real-World Utility – Despite its massive user base, Pi has yet to provide any real use case or tangible value beyond being mined on an app.Locked-Up Tokens – Pi Network incentivizes users to lock their tokens for long periods in exchange for higher mining rates. This is similar to projects like Hex, whose founder faced legal action for defrauding investors.No Open Mainnet – Years after launching, Pi’s blockchain remains closed, preventing users from withdrawing their coins freely. Unlike Bitcoin or Ethereum, which are fully decentralized, Pi Network still controls its entire ecosystem.
Sounds familiar? That’s because many failed crypto projects have followed the same playbook before collapsing.
The Price Surge & Collapse
Despite the controversy, trading for Pi Network IOUs (a token that represents future PI coins) went live on several exchanges. The price action? A rollercoaster.
Pi launched on OKX at $0.67,Surged to $2,Then crashed by 65% in days, stabilizing around $0.69.
This extreme volatility raised concerns:
If Pi Network’s real tokens aren’t tradeable, then what exactly are people buying?Who controls this supply and demand?Could this be an engineered pump-and-dump?
Some crypto exchanges, like OKX, Bitget, and Gate.io, still list PI trading pairs, pulling in millions in trading volume. However, Bybit and Binance have kept their distance, wary of potential legal and reputational risks.
The Never-Ending Mainnet Delay
Pi Network was launched in 2019, yet five years later, it still hasn't fully opened its mainnet. The project remains in what it calls a "Closed Mainnet" phase, restricting transactions to its internal ecosystem.
According to Pi Network, the delay is due to:
KYC (Know Your Customer) Verification – The team claims they are working to verify millions of users to prevent fake accounts from manipulating the system.Ecosystem Development – They say they are building utility for Pi coins before allowing free trading.Security Enhancements – The project insists it is taking a slow and steady approach to ensure stability.While these explanations sound reasonable, critics argue that the real reason for the delay is to keep users engaged without allowing them to cash out. This prevents a massive sell-off that could crash the token’s value.
After all, if people can't sell their Pi, does it really have value?
What If Pi Network Fails?
If Pi Network never opens its mainnet or fails to achieve true decentralization, the consequences could be severe:
Millions of users would be left with worthless digital coins they can't trade.Legal scrutiny could increase, as regulators might label it an unregistered security or pyramid scheme.Trust in future mobile mining projects would be damaged, making innovation in this space harder.
However, if Pi Network does succeed in launching an open mainnet, gaining exchange listings, and developing a real-world economy, it could prove its critics wrong. The project’s loyal supporters believe that patience will reward early adopters with a revolutionary new cryptocurrency.
Should You Trust Pi Network?
At this point, Pi Network is a high-risk project with an uncertain future. If you're already mining Pi, it's best to stay informed and cautious. If you're considering investing in Pi once it's listed on exchanges, remember:
✔️ Do your own research (DYOR) – Don't trust hype or rumors.
✔️ Be skeptical of “get rich quick” narratives – If something sounds too good to be true, it probably is.
✔️ Watch for regulatory updates – Governments are cracking down on crypto projects with unclear legal structures.
For now, Pi Network remains a mystery—a potential breakthrough or a looming disaster.
Will it revolutionize crypto? Or will it be another cautionary tale? The answer may come sooner than we think. $ETH
Vote to list Pi on Binance #pi #PiCoreTeam
Binance Square Official
--
We want to hear from you!
We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
T&Cs and Disclaimers
We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
T&Cs and Disclaimers
yes +
Binance Square Official
--
We want to hear from you!
We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
T&Cs and Disclaimers
We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
T&Cs and Disclaimers
bro change you page name or you will ban coming soon ✌️
Pi Network Tokenomics: Understanding the Economic Model
Introduction to Pi Network
Pi Network is a blockchain-based digital currency project that aims to create a decentralized cryptocurrency accessible to everyday users through mobile mining. Unlike Bitcoin and other cryptocurrencies that require energy-intensive Proof-of-Work (PoW) mining, Pi Network uses a novel consensus mechanism called the Stellar Consensus Protocol (SCP) to validate transactions.
Pi Network Tokenomics Overview
Pi Network's tokenomics is designed to balance scarcity, fairness, and usability while maintaining a sustainable economy for its users. The tokenomics structure revolves around three key areas: supply, mining, and distribution.
1. Pi Coin Supply Model
Unlike Bitcoin, which has a fixed supply of 21 million BTC, Pi Network has a flexible but controlled supply model. The total supply of Pi Coins is not publicly capped but follows a predefined issuance model:
Mining Rewards: New Pi coins are minted through mobile mining, where users contribute to the network by logging in daily and verifying their identity.Ecosystem Growth: The supply is adjusted based on network adoption, ensuring a gradual release of tokens.Mainnet Migration: During the transition from testnet to mainnet, a portion of the mined Pi is locked for KYC-approved users.
2. Mining & Reward Mechanism
Pi Network has a tiered mining system that gradually reduces rewards over time to encourage early adoption and prevent inflation. The mining rate follows a halving mechanism similar to Bitcoin:
Base Mining Rate (BMR): Initially, users mined Pi at a high rate, but as the number of users grew, the rewards were reduced.Halving Events: The mining rate is cut in half once the network reaches certain milestones (e.g., 1 million, 10 million, and 100 million users).Referral & Security Rewards: Users can increase their mining rate by referring others and verifying transactions.
3. Distribution & Utility
The distribution of Pi Coins is structured to ensure a fair and decentralized allocation:
Community (80%+): Majority of the supply is allocated to users who mine Pi.Core Team & Development (10-20%): A portion is reserved for the Pi Network's core team to fund development.Ecosystem Growth: Pi is used within the network for transactions, payments, and smart contract execution.
4. Pi Coin Utility & Use Cases
Pi Network aims to create a real-world utility for its cryptocurrency. Some of its potential use cases include:
Peer-to-Peer (P2P) Transactions: Users can send and receive Pi within the network.Marketplace Payments: Businesses and individuals can trade goods and services using Pi.Decentralized Applications (dApps): Pi Network plans to support dApps for various use cases, including finance, gaming, and social networking.
5. Future Prospects & Exchange Listing
Pi Network is currently in its enclosed mainnet phase, meaning it is not yet publicly tradable on major exchanges. However, once the network fully transitions to an open mainnet, Pi could be listed on crypto exchanges, making it available for trading.
Conclusion
Pi Network's tokenomics is designed to ensure a sustainable and inclusive digital economy. While it remains in development, its unique mining model and distribution strategy aim to create a cryptocurrency that is both accessible and valuable in the long run. However, users should remain cautious and stay updated with official announcements regarding Pi’s mainnet launch and exchange listing.
Pi Network is a blockchain-based digital currency project that aims to create a decentralized cryptocurrency accessible to everyday users through mobile mining. Unlike Bitcoin and other cryptocurrencies that require energy-intensive Proof-of-Work (PoW) mining, Pi Network uses a novel consensus mechanism called the Stellar Consensus Protocol (SCP) to validate transactions.
Pi Network Tokenomics Overview
Pi Network's tokenomics is designed to balance scarcity, fairness, and usability while maintaining a sustainable economy for its users. The tokenomics structure revolves around three key areas: supply, mining, and distribution.
1. Pi Coin Supply Model
Unlike Bitcoin, which has a fixed supply of 21 million BTC, Pi Network has a flexible but controlled supply model. The total supply of Pi Coins is not publicly capped but follows a predefined issuance model:
Mining Rewards: New Pi coins are minted through mobile mining, where users contribute to the network by logging in daily and verifying their identity.Ecosystem Growth: The supply is adjusted based on network adoption, ensuring a gradual release of tokens.Mainnet Migration: During the transition from testnet to mainnet, a portion of the mined Pi is locked for KYC-approved users.
2. Mining & Reward Mechanism
Pi Network has a tiered mining system that gradually reduces rewards over time to encourage early adoption and prevent inflation. The mining rate follows a halving mechanism similar to Bitcoin:
Base Mining Rate (BMR): Initially, users mined Pi at a high rate, but as the number of users grew, the rewards were reduced.Halving Events: The mining rate is cut in half once the network reaches certain milestones (e.g., 1 million, 10 million, and 100 million users).Referral & Security Rewards: Users can increase their mining rate by referring others and verifying transactions.
3. Distribution & Utility
The distribution of Pi Coins is structured to ensure a fair and decentralized allocation:
Community (80%+): Majority of the supply is allocated to users who mine Pi.Core Team & Development (10-20%): A portion is reserved for the Pi Network's core team to fund development.Ecosystem Growth: Pi is used within the network for transactions, payments, and smart contract execution.
4. Pi Coin Utility & Use Cases
Pi Network aims to create a real-world utility for its cryptocurrency. Some of its potential use cases include:
Peer-to-Peer (P2P) Transactions: Users can send and receive Pi within the network.Marketplace Payments: Businesses and individuals can trade goods and services using Pi.Decentralized Applications (dApps): Pi Network plans to support dApps for various use cases, including finance, gaming, and social networking.
5. Future Prospects & Exchange Listing
Pi Network is currently in its enclosed mainnet phase, meaning it is not yet publicly tradable on major exchanges. However, once the network fully transitions to an open mainnet, Pi could be listed on crypto exchanges, making it available for trading.
Conclusion
Pi Network's tokenomics is designed to ensure a sustainable and inclusive digital economy. While it remains in development, its unique mining model and distribution strategy aim to create a cryptocurrency that is both accessible and valuable in the long run. However, users should remain cautious and stay updated with official announcements regarding Pi’s mainnet launch and exchange listing.
he don't know even how much is his income from his coins 😂
Crypto Solutions
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Donald Trump learns that he made several Billion Dollars with his Memecoin launch & says “it’s peanuts” Imagine what will happen to #PIECE at 1 Billion 🫵🔥🔥🔥
inshallah 🙂
Coinpedia
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Is Pi Coin the Next Bitcoin? Mainnet Launch to Expected By the End of Q1!
The post Is Pi Coin the Next Bitcoin? Mainnet Launch To Expected By The End Of Q1! appeared first on Coinpedia Fintech News
Pi coin, often called the “next Bitcoin,” is back in the spotlight as anticipation builds around the Pi Network’s mainnet launch. However, the launch is expected in the first quarter of this year, but the price of the Pi coin has recently seen a price surge of 2% in the past few hours, leaving investors curious about its future.
Pi Network To Go Live By Q1 End
Since its launch in 2018, Pi Network has become a prominent name in the crypto world. With over 50 million users and 100 million downloads of the Pi Browser, it aims to make cryptocurrency accessible to everyone.
Unlike traditional mining, Pi coins can be mined using a simple tap-to-earn process via a smartphone.
For years, pioneers have been mining Pi coins, accumulating millions of tokens. However, these tokens hold no real value, as the network has operated in an enclosed mainnet since 2021.
Perhaps the earlier announcement from Pi Developers has promised that the public mainnet launch will take place by the end of the first quarter. However, similar promises were made in the past, which were not fulfilled.
The Grace Period requires both KYC and Mainnet migration to be completed by January 31, 2025 to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Make sure to stay within the deadline!…
— Pi Network (@PiCoreTeam) January 5, 2025
They aim to launch the mainnet only after 10 million pioneers complete the required KYC (Know Your Customer) verification. Delays in the verification process have pushed back earlier deadlines, with the latest set for January 31.
Pi’s Vision to Outperform Bitcoin
Pi Network aims to be better than Bitcoin by solving common issues. Its easy mining process and the introduction of decentralized apps (dApps) are key parts of its plan.
When the mainnet goes live, around 80 dApps are expected to launch. Additionally, over 27,000 shops have already agreed to accept Pi coins as payment.
However, a challenge lies in the differing goals between the developers and users. While the team sees Pi as a global currency, many pioneers see it as an opportunity to make quick profits. This divide could impact the coin’s price and stability once it becomes publicly tradable.
Pi Coin Price Analysis
As of now, Pi coin is trading at approximately $42.5, marking a rise of nearly 2% in the last 24 hours, with a market cap of $2.89 billion. However, its 24-hour trading volume has dropped by 13%, currently standing at around $236K, according to CoinMarketCap
Pi coin, often called the “next Bitcoin,” is back in the spotlight as anticipation builds around the Pi Network’s mainnet launch. However, the launch is expected in the first quarter of this year, but the price of the Pi coin has recently seen a price surge of 2% in the past few hours, leaving investors curious about its future.
Pi Network To Go Live By Q1 End
Since its launch in 2018, Pi Network has become a prominent name in the crypto world. With over 50 million users and 100 million downloads of the Pi Browser, it aims to make cryptocurrency accessible to everyone.
Unlike traditional mining, Pi coins can be mined using a simple tap-to-earn process via a smartphone.
For years, pioneers have been mining Pi coins, accumulating millions of tokens. However, these tokens hold no real value, as the network has operated in an enclosed mainnet since 2021.
Perhaps the earlier announcement from Pi Developers has promised that the public mainnet launch will take place by the end of the first quarter. However, similar promises were made in the past, which were not fulfilled.
The Grace Period requires both KYC and Mainnet migration to be completed by January 31, 2025 to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Make sure to stay within the deadline!…
— Pi Network (@PiCoreTeam) January 5, 2025
They aim to launch the mainnet only after 10 million pioneers complete the required KYC (Know Your Customer) verification. Delays in the verification process have pushed back earlier deadlines, with the latest set for January 31.
Pi’s Vision to Outperform Bitcoin
Pi Network aims to be better than Bitcoin by solving common issues. Its easy mining process and the introduction of decentralized apps (dApps) are key parts of its plan.
When the mainnet goes live, around 80 dApps are expected to launch. Additionally, over 27,000 shops have already agreed to accept Pi coins as payment.
However, a challenge lies in the differing goals between the developers and users. While the team sees Pi as a global currency, many pioneers see it as an opportunity to make quick profits. This divide could impact the coin’s price and stability once it becomes publicly tradable.
Pi Coin Price Analysis
As of now, Pi coin is trading at approximately $42.5, marking a rise of nearly 2% in the last 24 hours, with a market cap of $2.89 billion. However, its 24-hour trading volume has dropped by 13%, currently standing at around $236K, according to CoinMarketCap
1 Pi = 314159$
Pioneers who have rejected KYC applications due to differences in their Pi account name and their real name in ID documents can now either spend Pi to update their name or appeal to resubmit their KYC application. Complete this action today if needed!
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