Post
林峰队长
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Today, the whole network is talking about pi because it is scheduled to be listed on OK Exchange.
This project is very old, starting in 2017 or 2018. It is one of the longest-running unissued projects in the currency circle. Initially, pi was just a "harvesting vegetables" game similar to QQ Farm. Because the threshold was extremely low, it attracted a large number of middle-aged and elderly users. Users get tokens by clicking and pulling people every day, but the project did not even have a wallet function in the early days, which led many people in the circle not to regard it as a serious blockchain project, and even regarded it as a "ground-based pyramid scheme."
Pi is often mentioned in some domestic reports on virtual currency scams. However, since it has never issued a coin or publicly raised funds, it has not been banned. Instead, it has many offline stores in third- and fourth-tier cities, and claims to have 60 million users, of which 19 million have completed KYC certification.
The timing of pi's listing is very interesting. Its opponent ip mainly attracts elite groups, and the consensus is concentrated in Europe and the United States, while pi's users are mostly middle-aged and elderly people in the sinking market, and the consensus mainly comes from China. The over-the-counter price of IP is about 3.5 US dollars, with a total market value of 3.5 billion US dollars; the over-the-counter price of PI is about 2 US dollars, but the total amount is as high as 100 billion, and the market value far exceeds IP. However, most users of PI are currently unable to withdraw coins. They need to complete KYC and main network mapping first. This process may take several months or even longer. This may be a means for the project party to control the initial circulation.
The market value of PI is already very high. There may be funds to protect the market in the short term, but the long-term risks are very high. If you already hold PI, it is recommended to sell it as soon as possible; if you have not participated yet, it is best not to enter the market. Although there are many users in the sinking market, the funds are limited, and the project's attractiveness and narrative ability are insufficient. The current high market value poses a great risk. #pi
This project is very old, starting in 2017 or 2018. It is one of the longest-running unissued projects in the currency circle. Initially, pi was just a "harvesting vegetables" game similar to QQ Farm. Because the threshold was extremely low, it attracted a large number of middle-aged and elderly users. Users get tokens by clicking and pulling people every day, but the project did not even have a wallet function in the early days, which led many people in the circle not to regard it as a serious blockchain project, and even regarded it as a "ground-based pyramid scheme."
Pi is often mentioned in some domestic reports on virtual currency scams. However, since it has never issued a coin or publicly raised funds, it has not been banned. Instead, it has many offline stores in third- and fourth-tier cities, and claims to have 60 million users, of which 19 million have completed KYC certification.
The timing of pi's listing is very interesting. Its opponent ip mainly attracts elite groups, and the consensus is concentrated in Europe and the United States, while pi's users are mostly middle-aged and elderly people in the sinking market, and the consensus mainly comes from China. The over-the-counter price of IP is about 3.5 US dollars, with a total market value of 3.5 billion US dollars; the over-the-counter price of PI is about 2 US dollars, but the total amount is as high as 100 billion, and the market value far exceeds IP. However, most users of PI are currently unable to withdraw coins. They need to complete KYC and main network mapping first. This process may take several months or even longer. This may be a means for the project party to control the initial circulation.
The market value of PI is already very high. There may be funds to protect the market in the short term, but the long-term risks are very high. If you already hold PI, it is recommended to sell it as soon as possible; if you have not participated yet, it is best not to enter the market. Although there are many users in the sinking market, the funds are limited, and the project's attractiveness and narrative ability are insufficient. The current high market value poses a great risk. #pi
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