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#PiCoinwas launched on the#OKPlatformwith an opening price of $2. However, the price quickly plummeted, dropping directly to $1, cutting its value in half. The biggest issue now is that it restricts users in our country from trading, leading to a lack of buyers and extremely poor#Liquidityin the market.

This#PiCoinLaunchis tied to what is considered the largest suspected#PyramidSchemeamong #ChineseUsers, yet they are not even allowed to participate. This restriction is baffling—if an account is verified as belonging to a#MainlandChinauser, they cannot access the#TradingInterfaceor make any transactions at all.

I believe the ban on#ChineseTransactionsis primarily an attempt to evade#RegulatoryCrackdownson #CryptoTrading, particularly targeting#EarlyMinerswho hold large amounts of #PiCoin.