Old cryptocurrency people inherently think pi is cx 😂

Today, the announcement of the launch of (π)pi coin on the cryptocurrency exchange has aroused heated discussions among media people and cryptocurrency practitioners. In the subconscious of many cryptocurrency people, participating in pi coin is a pyramid scheme. How to judge whether pi coin belongs to pyramid scheme? What are the legal risks of participating in pi coin? I will share my views with you through this article.

I. my country's Determination of the Crime of Organizing and Leading MLM Activities
Article 224 of my country's Criminal Law stipulates that whoever organizes or leads pyramid schemes under the guise of business activities such as selling goods and providing services, requires participants to pay fees or purchase goods and services to obtain membership, and forms levels in a certain order, directly or indirectly uses the number of people developed as the basis for remuneration or rebates, induces or coerces participants to continue to develop others to participate, defrauds property, and disrupts the economic and social order, shall be guilty of organizing and leading pyramid schemes.