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The market doesn’t care about your hopes, your ‘gut feelings,’ or the hype you saw on Twitter. The intelligent players understand human psychology—they know you’ll chase green candles, panic sell at the bottom, and fall for every ‘next big thing’ that’s already overpriced. They bait you with FOMO, trap you with fake rallies, and unload their bags right before the crash.
Losing money isn’t just a setback—it’s a wake-up call. Either learn the game, control your emotions, and think like a predator… or keep donating your hard-earned cash to those who already know what they’re doing."
Bybit’s Irony: Calling PI a Scam While Suffering a Massive Hack
In a twist that has many in the crypto community scratching their heads, Bybit’s CEO Ben Zhou recently slammed Pi Network—dismissing its PI token as a scam based on alleged security and legitimacy concerns. Zhou’s remarks pointed to a 2023 Chinese police warning and his own experience in forex trading to justify distancing Bybit from PI.
However, irony struck hard as Bybit itself was hit by a significant security breach, resulting in millions lost. While Zhou’s strong stance was meant to shield the exchange from questionable projects, the hack has raised serious questions about Bybit’s own security protocols and risk management.
This contradiction has fueled debate across the industry: How can an exchange confidently label a project as a scam when it struggles to safeguard its own funds? The incident underscores the importance of robust security measures—even for major players—and serves as a reminder that in crypto, no one is immune to risk.
Stay tuned as this situation unfolds, and remember to always conduct your own research before making any investment decisions. What are your thoughts on Bybit’s conflicting track record? Share your insights below!
Pi Network Update: Listings, Controversies & What You Need to Know
Pi Network’s Open Mainnet launch on February 20, 2025, has set the crypto community abuzz—with PI now listed on a dozen major CEXs such as OKX, Bitget, MEXC, Gate.io, and more. Here’s the rundown on the current situation:
• Widespread Exchange Listings: The PI token is now available on multiple prominent platforms. Token allocations and liquidity pools have been set up as part of the launch rollout, giving pioneers—those who mined PI over the past six years—a chance to trade their tokens in the open market.
• Bybit’s Rejection & Controversy: In a bold move, Bybit’s CEO Ben Zhou publicly dismissed PI as a scam, citing a 2023 warning from Chinese authorities alleging that the project targeted elderly users and leaked personal data. Zhou clarified that Bybit never received a listing proposal from Pi Network, contrasting with the proactive offers received by other exchanges.
• Price Volatility & Market Sentiment: Following its debut, PI experienced significant price swings. While some platforms initially saw trading at high valuations, intense sell-offs and liquidity challenges quickly drove the price downward. This volatility reflects both the high expectations and the uncertainties surrounding PI’s real-world utility.
• What Does This Mean for Binance? Binance is currently gauging community sentiment through a poll on whether to list PI. With authentic facts on one side—solid listings on numerous exchanges and a clear tokenomics model—and controversies on the other (questions raised by Bybit’s stance), the decision ultimately rests on how the community values PI’s potential versus its risks.
Stay tuned for further updates as market conditions evolve and community feedback shapes the next steps. Your vote in Binance’s poll is crucial—help decide if PI should join our ecosystem!
Always do your own research before investing. This update is for informational purposes only.
Feel free to share your thoughts and join the discussion below!
Pi Network's Open Mainnet Launch: Navigating the Path Forward
On February 20, 2025, Pi Network transitioned to its open mainnet, enabling external transactions and paving the way for exchange listings.
Price Dynamics: Initial Surge and Subsequent Volatility
Following the mainnet launch, Pi Coin experienced significant price fluctuations. The token initially surged by over 40%, reaching speculative IOU prices between $50 and $70, before dropping to around $2. This volatility reflects the market's adjustment to the newly tradable asset.
Expert Analyses: Understanding the Decline
Cryptocurrency analyst Kim Wong described Pi Network's trading performance post-launch as "disappointing," citing lower-than-expected trading activity and volumes. Despite the initial hype, the lack of substantial capital inflows has contributed to the price decline. However, Wong suggests that the entry of larger investors could potentially drive the price upward in the future.
Future Outlook: Factors Influencing Pi Coin's Trajectory
Exchange Listings: The potential inclusion of Pi Coin on major exchanges like Binance and OKX could enhance liquidity and market reach, potentially stabilizing the price.
Adoption and Utility: The development of decentralized applications (DApps) and real-world use cases for Pi Coin will be crucial in determining its long-term value. Increased utility could drive demand and positively impact the price.
Regulatory Environment: Navigating global regulatory landscapes will be essential for Pi Network's sustained growth and legitimacy. Clear and favorable regulations could bolster investor confidence.
Conclusion
While the open mainnet launch marks a significant milestone for Pi Network, the subsequent price volatility underscores the challenges inherent in transitioning to an open market. The future trajectory of Pi Coin will depend on successful exchange listings, real-world adoption, and a favorable regulatory environment. Stakeholders are advised to stay informed and exercise due diligence as the network continues to evolve.
Pi Network's Open Mainnet Launch: A New Era Begins
On February 20, 2025, Pi Network transitioned to its open mainnet, marking a significant milestone in its evolution. This development enables external transactions and paves the way for exchange listings, enhancing Pi's accessibility and utility.
Price Dynamics: Initial Surge Followed by Volatility
Following the mainnet launch, Pi Coin experienced notable price fluctuations. The token initially surged by 10% but subsequently faced a 25% decline, raising concerns about market readiness. Such volatility is not uncommon in the crypto space, especially during pivotal events like mainnet transitions.
Exchange Listings: Expanding Market Reach
The open mainnet has facilitated Pi Coin's listing on several cryptocurrency exchanges, including Bitget and OKX. These listings are crucial for liquidity and market penetration, providing users with avenues to trade Pi Coin and integrate it into diverse financial activities.
Community Engagement and Future Outlook
The transition to an open mainnet is expected to invigorate the Pi Network community and attract developers to build decentralized applications (DApps) on its platform. Active community participation and developer interest are pivotal for the network's growth and sustainability.
Looking ahead, Pi Coin's trajectory will depend on several factors:
Exchange Listings: Potential inclusion on major platforms like Binance and Coinbase could significantly impact liquidity and market perception.
Adoption and Utility: Real-world applications and acceptance of Pi Coin in various sectors will be instrumental in determining its long-term value.
Regulatory Environment: Navigating the evolving regulatory landscape will be essential for Pi Network's sustained growth and legitimacy.
While the open mainnet launch represents a pivotal advancement, stakeholders should remain informed and exercise due diligence, as the cryptocurrency market is inherently volatile and influenced by a multitude of factors.