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#PiCoin was launched on the #OKPlatform with 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 #Liquidity in the market.

This #PiCoinLaunch is tied to what is considered the largest suspected #PyramidScheme among #ChineseUsers, yet they are not even allowed to participate. This restriction is baffling—if an account is verified as belonging to a #MainlandChina user, they cannot access the #TradingInterface or make any transactions at all.

I believe the ban on #ChineseTransactions is primarily an attempt to evade #RegulatoryCrackdowns on #CryptoTrading, particularly targeting #EarlyMiners who hold large amounts of #PiCoin.