picoinsell

Pi Network’s native cryptocurrency, $PI, has seen a major decline, falling from its all-time high of $2.20 to $0.87. 📉 If you managed to sell your mined $PI between $1.50 and $2.00, you likely made a smart move! 💰
🔍 Key Concerns About $PI's Future:
1️⃣ Massive Token Supply – With a total supply of 100 billion $PI, concerns are growing about whether the token can ever recover. A supply this large tends to drive prices lower over time.
2️⃣ Questionable KYC Process – Pi Network's KYC approval system raised red flags. Reports suggest that users with large PI holdings were unable to get KYC approval, preventing them from migrating their tokens to the Pi mainnet. Meanwhile, users with under 300 PI were prioritized. This selective process has led to speculation that the Pi team may have benefited at the expense of retail investors. 🤔
3️⃣ Inflationary Tokenomics – The token’s model suggests continuous supply increases, which could lead to even further price drops. Some analysts predict that $PI may lose another zero, making it even less valuable in the long run.
🚀 Will $PI Bounce Back? While the Pi community remains hopeful, the project faces major hurdles. Without significant real-world adoption, stronger demand, and a more transparent KYC process, $PI's price may struggle to recover.
💭 What’s your take on Pi Network’s future? Comment below and let’s discuss! 👇🔽

$BTC $SOL $PEPE

#PiCoreTeam #picoin #PICoinScam #picoincrashonlaunch #picoinsell

The crypto world is buzzing with anticipation over the potential listing of Pi Coin on Binance. However, as of now, Binance has not provided any official confirmation or date for when Pi Coin might be available on their platform. Several important aspects must be considered before Pi Coin makes its debut on major exchanges like Binance.

Key Factors Affecting Pi Coin's Listing:

1. Development Stage: The Pi Network is still in its developmental phase, with the full launch of its mainnet pending. A stable and secure platform is essential before a listing can occur.

2. Regulatory Compliance: Binance, like all large exchanges, adheres to stringent regulatory frameworks. Pi Network must align with these legal standards to even be considered for listing.

3. Community Strength: A solid, engaged user base plays a critical role. Pi Network’s rapidly growing community could serve as a favorable factor in securing a listing.

4. Technical Capabilities: Pi’s blockchain must demonstrate that it is scalable and technically equipped to support the volume and activity generated by a Binance listing.

What Must Happen Before a Binance Listing?

1. Application Submission: The Pi Network team would need to formally apply for listing, providing Binance with comprehensive details on the project.

2. Binance’s Due Diligence: Binance conducts a meticulous review process that examines the Pi Network's technology, team, and overall project integrity.

3. Official Announcement: Should Pi Network satisfy all criteria, Binance will make an official announcement regarding the listing.

Conclusion: While no official date for Pi Coin’s listing has been announced, the project’s ongoing progress and its large, enthusiastic community signal positive momentum. For now, it's a waiting game, so stay tuned to official channels for updates on Pi Coin's potential listing on Binance.
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Selling Pi coins in OTC (Over-The-Counter) markets can be a complex process because, as of now, Pi Network’s Pi coins are still in their enclosed mainnet phase. This means Pi coins are not yet listed on exchanges for public trading, and there are restrictions on transactions outside the Pi ecosystem. However, if you're considering OTC options, here are some general steps to take once the Pi Network allows it:
1. Wait for Official Listing or Open Mainnet
Pi Mainnet Launch: Pi Network plans to move to an open mainnet, where Pi coins can be transferred and traded freely on the blockchain. Once this happens, it’s safer to engage in trades.
Official Exchanges: When Pi is listed on crypto exchanges, many traders will prefer using regulated exchanges due to higher transparency and security.
2. Understand OTC Marketplaces
OTC markets allow peer-to-peer (P2P) trading without going through centralized exchanges. Traders typically deal directly with buyers/sellers. To engage in OTC selling:
Join OTC Platforms: Find Pi Network-friendly OTC platforms where crypto assets can be traded.
Community Groups: Some Pi Network users are creating P2P trading groups through social media platforms like Telegram or Discord, but be cautious of scams.
3. Find a Reputable OTC Broker
An OTC broker facilitates trades between buyers and sellers. Brokers typically cater to high-volume transactions but might help with smaller trades if the market for Pi coins becomes available.
Ensure Credibility: Always verify the legitimacy of any broker or OTC service provider.
4. Trade Safely
When trading in OTC markets, it’s essential to follow these precautions:
Use Escrow Services: Use trusted escrow services to ensure funds are secure during the transaction. This minimizes the risk of scams.
Verify Legal Aspects: Ensure that the sale of Pi coins complies with any regional regulations. Cryptocurrency laws vary widely depending on jurisdiction.
Avoid Scams: Until Pi coins are officially tradable, there are risks of scams where people falsely offer to buy/sell Pi coins.
5. Agree on the Terms
If you find a potential buyer:
Set the Price: Negotiate the price based on supply, demand, and market trends.
Determine the Payment Method: Choose the most secure and convenient payment option, such as bank transfers, crypto payments, or PayPal.
6. Transfer Coins Securely
Once an agreement is reached, ensure that Pi coins are transferred in accordance with Pi Network’s guidelines to avoid violating network policies.
Important Note: Selling Pi coins on the black market or violating Pi Network’s terms before the open mainnet could lead to losing access to your coins or legal action. Stay updated with official announcements from the Pi Network team.
Would you like updates on the Pi Network's progress, or further details on OTC trading?
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #CanaryLitecoinETF #picoinsell

Introduction
The Pi Network has been making significant strides in its journey towards becoming a fully operational decentralized network. As we approach the year 2024, the Pi Core Team is diligently working to achieve several critical milestones. In this article, we'll explore the recent updates, the roadmap, and the conditions necessary for the Pi Network to transition to the Open Network phase.

Recent Progress:
Since Pi2Day (June 28th, 2022), the Pi Core Team has made substantial progress in building the necessary infrastructure and components for the Mainnet migration. Let's delve into the key areas of development:
1. Mainnet Preparation
The Pi Core Team has been actively working on the technical and product aspects required for the Mainnet launch. This includes:
- Technology: The team is finalizing technical preparations, ensuring that the network is robust, secure, and scalable.
- Product: Improvements to the Pi Network mobile mining app are underway. The onboarding experience for new users will be streamlined, featuring a simplified registration process and a more user-friendly interface⁴.
2. Network KYC and Migration
The success of the Pi Network relies on achieving critical mass in network KYC (Know Your Customer) verification and seamless migration to the Mainnet. Here are the specific targets:
- KYC Verification: The goal is to have 15 million Pioneers pass KYC, including both fully and tentatively verified accounts.
- Migration: At least 10 million Pioneers should migrate to the Mainnet, ensuring a robust user base for the Pi ecosystem.
3. Utility Creation
The Pi Network aims to create a vibrant ecosystem with real-world utility. To achieve this, the following targets have been set:
- Real Pi Apps: The network aims to have 100 real Pi apps that meet specific criteria:
- These apps must be on the Mainnet or Mainnet-ready.
- They should comply with Pi platform policies.
- Each app should address a genuine need and bring utility to the Pi ecosystem.
- Clones of existing apps won't count; distinct applications are essential¹.
Conditions for Open Network in 2024
The transition to the Open Network phase is contingent upon meeting the following three essential conditions:
1. Preparation Work: The Pi Core Team must complete all preparation work related to technology, product, business, and legal aspects. The V2 Roadmap outlines most technical and product milestones, while business and legal work remains ongoing.
2. Network KYC and Migration Goals: Achieving the specified targets for KYC verification and Pioneer migration is crucial. These goals ensure a strong foundation for the Pi ecosystem.
3. Utility Milestones: The creation of real Pi apps that enhance utility within the ecosystem is vital. These apps should solve real-world problems and contribute to Pi's vision of inclusivity and peer-to-peer interaction¹.
Conclusion
As we look ahead to 2024, the Pi Network community, developers, and the Core Team continue their collective efforts. The journey towards an open, decentralized network remains exciting, and Pi's vision of empowering users worldwide through cryptocurrency and utility is gradually becoming a reality.
Stay tuned for further updates as the Pi Network progresses towards its Open Network phase! 🚀🌟
References:
1. [Pi Network Blog: 2024 Update](https://minepi.com/blog/mainnet2024/)
2. [CoinCodex: Pi Network Launch Date & News](https://coincodex.com/article/32026/pi-network-launch-date/)
3. [Pi Network Blog: 2022 End of Year Updates](https://minepi.com/blog/tech-product-update-2022-h2/)
4. [BSC.News: Pi Network 2023 Roadmap](https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality)
Disclaimer: The information provided in this article is based on publicly available sources and official announcements. Readers are encouraged to verify details directly from the Pi Network's official channels.
#PiNetworkMainnet #picoinsell #picoinsell
Source: Conversation with Copilot, 12/07/2024
(1) Pi 2022 End of Year Updates | Pi Network. https://minepi.com/blog/tech-product-update-2022-h2/.
(2) 2024 Update | Pi Network. https://minepi.com/blog/mainnet2024/.
(3) Pi 2022 End of Year Updates | Pi Network. https://bing.com/search?q=PI+network+updates.
(4) What Is Pi Network? Launch Date & News | CoinCodex. https://coincodex.com/article/32026/pi-network-launch-date/.
(5) Pi Network 2023 Roadmap: Speculation or Reality? - bsc.news. https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality.