Piscam

MOD – FAQ & PI 2025 – 25 General Questions and Answers about the Pi Project
Q: How many people have actually received PI tokens?
A: Only around 15% ~ 12 million accounts are able to sell Pi, most of which belong to phone farming operations.
Q: After 6 years, how many people have not received any PI tokens from the project?
A: 53 out of 65 million accounts haven’t received any Pi tokens due to Nicolas and Cfan intentionally blocking step 9. They won’t be able to sell Pi for at least the next 5 years.
Q: When will the 50+ million accounts blocked by Nicolas receive their PI tokens?
A: At least not before 2030. Nicolas is blocking them to offload billions of Pi into the market.
Q: Step 9 in Mainnet says Pi will be moved to the wallet 14 days after KYC, but millions haven’t received anything since 2022?
A: This is a tactic by Nicolas to limit the circulating supply and force users to buy Pi on exchanges to KYC through Banxa.
Q: Why does Nicolas still have the ability to revoke Pi from users' wallets even though Pi is listed on exchanges?
A: Because Pi is currently in the open network stage, not open mainnet.
Q: How many Pi tokens can Nicolas fully control?
A: 35 billion Pi. 20 billion are held by the team across 10,000 wallets, and 15 billion are labeled for the ecosystem – none of which require KYC. Nicolas can sell them at any time.
Q: Why do orange-labeled accounts fail KYC repeatedly despite multiple attempts?
A: The auxiliary verification system doesn’t work. Even after hundreds of tries, they still can't pass.
Q: Is it true some users from 2019 still haven't received KYC slots?
A: Yes. If they changed phones without logging out, they lost access to KYC.
Q: Why do some people using the Clone App Pro manage to KYC hundreds of fake Pi accounts?
A: Because Clone App Pro can change the device ID and IMEI.
Q: Is Pi's KYC process as effective as Nicolas claims?
A: No. The AI-based KYC system has been bypassed. Many use fake/Photoshopped documents, and a single face can KYC thousands of fake accounts successfully.
Q: What if Pi Network adopted a POH system like LayerEdge?
A: With Level 2 KYC like on exchanges, it would only take 10 days to verify 55 million accounts.
Q: Did the 100 Dapps that Nicolas promised for 2024 ever launch?
A: No. It was all a scam. As of April 2025, no Dapps have been released.
Q: On April 25, 2025, Nicolas posted that thousands of stores now accept Pi payments. Is this true?
A: No. That post is completely fake. These stores are virtual and no one can actually use Pi there due to legal issues. Using Pi for payments could result in arrest and prison.
Q: I saw users on social media trading goods with Pi. Is that real?
A: No. These are staged posts to gain followers or promote referral codes.
Q: What is the Pi advertising network that Nicolas talked about?
A: Nicolas turned 65 million users into an ad platform to earn revenue from ad views.
Q: Is auctioning .pi domains with major brand names a violation of intellectual property rights?
A: Yes. Without brand permission, you could be sued and fined.
Q: Did the project team use internal wallets to bid on Pi domains?
A: Yes. Domains like amazon.pi and samsung.pi were won by anonymous internal wallets with tens of thousands of Pi, untraceable on the explorer.
Q: Did Nicolas hire KOLs (influencers) to promote Pi on social media?
A: Yes. They post claims like "Pi = $314" or "Pi will replace Bitcoin" to exploit people's greed.
Q: Why are Pi Core Team posts on platform X vague and without clear timelines?
A: To keep users engaged and watching ads in the Pi app.
Q: Why hasn’t Nicolas hosted AMAs or posted on his personal page for years?
A: Because he's afraid of being exposed, which could collapse the project.
Q: Why have exchanges like Binance, Coinbase, and Bybit refused to list Pi?
A: Because they recognize Pi as a scam project.
Q: Have investors made profits by investing in Pi?
A: No. Their assets could lose 100–1000x if all tokens are unlocked. Currently, 1.7 billion Pi tokens are unlocked, but only 1/10 are circulating. Full circulation would crash the price.
Q: How much ad revenue has been made in the last 6 years, and how was it used?
A: Nicolas has made $300–500 million from ads, which was used to create fake liquidity for Pi.
Q: Is it true that 80%+ of Pi miners come from poor countries like Africa, Laos, Cambodia, and Vietnam?
A: Yes. Developed countries have very few participants, allowing Nicolas to easily exploit the poor’s desire to get rich quickly.
Q: What is the future of Pi… the vision for 2030?
A:
Nicolas will continue blocking over 50 million accounts from receiving Pi.
He’ll keep posting misleading promises.
He’ll dump all the Pi he holds.
Millions will continue watching ads daily.
The vision of Pi becoming a global currency (as stated in the whitepaper) will completely fail.
Conclusion:
This is a perfectly designed Ponzi scheme spanning many years, with the main purpose of profiting from users watching ads and forcing them to buy Pi. Nicolas is the only one benefiting from this project.
#piscam

Please answer the question first. Why is it that out of 10 people mining Pi, only 1.5 people can sell Pi??

The reason is very simple: Nicolas intentionally did this so that he and the cfan can dump pi. Nicolas holds 20 billion pi and evenly distributes it to 10,000 wallets. Every day, he will secretly dump 1 wallet to take 3 million dollars; he needs to dump for about 8-10 years to empty it.
He is blocking those 55 million accounts with the purpose of creating pi scarcity. People without pi will have to buy pi from Nicolas, jumping in to provide liquidity for him. Only when he has dumped almost everything will he allow the pi holders to dump. So at least for another 5 to 10 years, those 55 million accounts will still be stuck with KYC!!

⚠️ WARNING: 85% of Pioneers (~55M users mining Pi) CANNOT TRANSACT PI AFTER 6 YEARS.
(Out of every 10 people mining Pi, 8.5 cannot trade or use Pi after six years of mining.)

The following accurate data is taken from the Explorer and some official information published by the Pi Network project:
1. The total number of Pi miners is 65M+.
2. The total number of users who have completed KYC is 19M/65M, of which 9M/19M have been stuck in the KYC process since 2022 and have not been invited to complete KYC again. Some accounts have undergone live verification and repeated the process 5 to 10 times but still have not passed step 9.
3. The total number of accounts that have not received a KYC invitation after 6 years is approximately 55M users.
4. The total number of users with Pi transferred to their wallets is 10M. Among them, 6M have less than 1 Pi, coming from phone farm accounts. Based on my assumption, when they received Pi in their wallets, they immediately sold it via OTC.
This data is truly unusual.
Questions:
1. Why, after 6 years, can only 15% of participants buy and sell Pi?
2. Is the development team deliberately blocking KYC?
If so, that means some participants who joined Pi from 2019 to 2025 will not receive any tokens at all!
If they complete KYC in 2025 and receive their Pi in 2025 (due to the 3-year lock-up period), they will only be able to use Pi in 2028—after 10 years.
While exchange users only need 5 minutes to complete KYC and then buy Pi, 85% of Pi miners still haven't received a KYC slot even after 6 years.
What on earth is going on?
What are your thoughts on this issue?

#pinetwork #piscam

The main reasons for the refusal to list Pi are:
1. The project has existed for 6 years, but after 6 years, 85% of miners have not received Pi tokens. Nicolas has intentionally made miners stuck at item number 9 or made it so they could not receive KYC slots mysteriously for 6 years.
2. Pi has made false announcements. In 2024, Nicolas claimed that there were 100 Dapps ready for the open mainnet, but currently, he is resorting to domain name auctions to hide the fact that there are not many Dapps as announced.

The pi network community, mostly older people or those who have never participated in the market, was scammed by the couple Nicolas and Cfan, causing heavy losses.
With the cunning trick of nicolas and cfan, they manipulated users' psychology by saying that pi is a global currency, many people fell into the trap! They borrowed money from investment banks at a price of $3/pi. Currently, the price has dropped nearly 80%, if they borrow $40k, they are losing $32k ~ 800 million VND.

Exposing the Sophisticated Hoax of Pi Network: 'Mining Project' or a Professional Scam Model?
For over 6 years, Pi Network – a self-proclaimed cryptocurrency mining revolution through mobile phones – has attracted more than 65 million participants worldwide. However, behind the technological facade and vibrant community lies a series of signs indicating a sophisticated, organized, and clearly purposeful scam model from the founders.

According to on-chain data, there are currently up to 55 million Pi Network members who have not received Pi tokens due to Nicolas using tactics to block KYC and intentionally causing a backlog at step 9 for many years. Even nearly 10 million KYC accounts from 2022 are still stuck at step 9 despite having followed all the necessary steps correctly; many of them have successfully guided their subordinates through KYC, but when it comes to their turn, they are stuck at step 9.

🔶 Understanding the Basics of Pi Network

🔷Launched in 2019, Pi Network presents itself as a revolutionary cryptocurrency that aims to make digital currency accessible to everyone. Unlike traditional mining, which demands significant resources, Pi allows users to mine coins on their mobile devices without draining battery life. This unique approach has garnered millions of users worldwide, prompting questions about its legitimacy and potential as a viable investment.
🔶 The Mechanics of Mining Pi
The mining process of Pi Network is designed to be user-friendly. Participants can earn Pi coins simply by pressing a button on their app once every 24 hours. This method promotes a sense of community and encourages users to invite friends to join, thereby increasing their mining rate. However, critics argue that this low barrier to entry could lead to a lack of genuine engagement and investment in the project’s future.
🔶 Examining the Claims
Proponents of Pi Network claim it could become a significant player in the cryptocurrency space, especially as it transitions from a testing phase to a more robust platform. They highlight the network's rapidly growing user base, which reportedly exceeds 50 million. The vision is to create a decentralized digital currency that can be used in everyday transactions. However, the current lack of a fully operational mainnet raises concerns about the project's long-term viability.
🔶 The Skeptic’s Perspective
Skeptics often classify Pi Network as a potential scam. The primary concern revolves around the app's inability to provide real monetary value at this stage. Critics argue that without a tangible use case or market value, the coins earned through the app may eventually be worthless. Moreover, the reliance on user growth to increase mining rewards can create a pyramid-like structure, where new users are essential for existing users to see any return.
🔶 Investigating the Business Model
The Pi Network’s business model relies heavily on its community. The project incentivizes users to spread the word, leading to a potentially unsustainable growth pattern. This model raises red flags; if user engagement declines or if the network fails to launch a successful mainnet, the entire ecosystem may collapse. Investors should be cautious, as the success of Pi Network is highly contingent on continued user participation and belief in the project.
🔶 Navigating the Risks
Investing in cryptocurrencies, including Pi Network, inherently comes with risks. Potential investors must be wary of any project that promises high returns with little to no effort. The Pi Network's approach, while innovative, lacks the historical performance and reliability found in established cryptocurrencies. Users should thoroughly research and understand the implications of participating in such a network before committing time or resources.
🔶 The Community Factor
One of the most appealing aspects of Pi Network is its community-driven approach. Users can engage in discussions, share experiences, and foster a sense of belonging within the network. This community aspect can be a double-edged sword; while it may enhance user experience, it can also contribute to a cult-like mentality, where critical thinking is overshadowed by group enthusiasm.
🔶 Future Prospects
As Pi Network continues to develop, many are watching closely to see if it can deliver on its promises. The transition to a functional blockchain and the launch of a marketplace for transactions will be crucial. If successful, it could redefine how people interact with cryptocurrency. However, without a clear roadmap and tangible outcomes, the project remains shrouded in uncertainty.
🔶 Conclusion: To Invest or Not?
In the end, whether Pi Network is a scam or a legitimate opportunity largely depends on individual perspectives and risk tolerance. While its innovative approach to cryptocurrency mining is intriguing, the lack of a proven business model and market value raises significant concerns. Potential users and investors should proceed with caution, conducting thorough research and being prepared for the possibility that the coins they earn may never hold real-world value. The ultimate takeaway is to remain skeptical and informed in the ever-evolving landscape of cryptocurrency.#BinanceLabsInvestsLombard #UptoberBTC70K? #PiScam