Ways to Avoid Fraud in the Pi Network.
First, users should take special care that if the Pi Network mainnet is not launched, its coins cannot be bought or sold from any exchange.
To earn Pi Coin, you have to download its application and sign in, only then coin’s can be earned.
As we have been informed it is not yet live on the mainnet.Hence, buying or selling through any social media account or post can be a scam in such a situation you should be alert.
The Pi team has announced that its mainnet will launch on June 28, 2024 hence, it's not possible to buy and sell the Pi coin before launch. It can be used for mining only through its official app.
Pi Network has made 10 million verified accounts
Pi Network also made the milestone of more than 10 million users KYC on its network app a few days ago about which the team associated with Pi Network said that there are 10 million more users on the app. All of them have completed their KYC process and verified their identity.
The team had also said in a post that if more than 15 million users on the network get KYC, its tokens will become tradable. However, Pi Network works on the “Stellar Consensus Protocol” mechanism, which gives users an advantage based on their contributions to the network.
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