#pi #Validator Eagerly waiting for pi validation reward 😝❓ | gulabsingh78 on Binance Square

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#pi #Validator Eagerly waiting for pi validation reward 😝❓

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Pi Coin’s legitimacy is a hotly debated topic, and there’s no definitive consensus yet—it’s a mixed bag of promise and skepticism. Launched in 2019 by Stanford grads, Pi Network aims to make crypto accessible by letting users “mine” coins on their phones with a simple daily tap, no heavy hardware required. As of March 23, 2025, it boasts over 60 million users, and its Open Mainnet launched in February 2025, finally allowing Pi to be traded on exchanges like OKX and Bitget. This move has given it some credibility—legit projects tend to hit these milestones. Plus, its Stellar Consensus Protocol and massive community suggest it’s not just vaporware. But here’s the rub: skepticism runs deep. Critics point to its long pre-mainnet phase—years of users mining with no tangible value until recently. The referral system, where you earn more by inviting others, smells like a pyramid scheme to some, though there’s no hard proof it’s structured that way. Transparency’s another issue—the code isn’t fully open-source, and details on funding and token utility were vague for ages, fueling scam accusations. Privacy concerns linger too; the KYC process collects personal data, which clashes with crypto’s usual anonymity ethos, and there’s no clear audit proving that data’s safe. On the flip side, Pi’s not asking for upfront cash like classic scams, and its user base keeps growing despite the doubts. Post-launch, its price has been volatile—starting at $0.30-$0.50, dipping 60%, then rebounding to around $1.29 by February 2025, per some reports. That’s real market activity, not just hype. Still, with a potential supply of 100 billion coins, inflation could tank its value long-term unless demand spikes hard. Exchanges like Bybit rejecting it (CEO Ben Zhou’s called it out) doesn’t help the optics. So, is it legit? It’s not an outright scam—no one’s lost money they invested, just time and maybe data. But it’s not fully proven either. The mainnet’s live, trading’s happening, and the team’s still pushing forward.

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Pi Coin has indeed sparked a lot of buzz on Binance Square lately, and it’s not hard to see why. Its unique approach—mobile mining accessible to anyone with a smartphone—sets it apart from the energy-intensive mining of coins like Bitcoin or Ethereum. People are drawn to the idea of a crypto that doesn’t require fancy hardware or technical know-how, especially with its massive claimed user base of over 60 million "miners." That kind of community hype naturally fuels discussion. On Binance Square, the chatter seems amplified because Pi’s still in a speculative phase. It’s not fully tradeable yet, with its Open Mainnet launch only happening in February 2025. This keeps the conversation alive—people are debating its potential value (some say $33-$40, others dream of $100+), its legitimacy (scam or game-changer?), and whether Binance will list it after that community vote in February showed 86% support. Compare that to established coins like Bitcoin, which hit $69,000 and has a clear market presence—there’s less mystery to unpack there. The controversy helps too. Critics on Binance Square call out Pi’s slow progress, centralized control, and KYC data collection, while supporters highlight its accessibility and long-term vision. Posts like “Pi Coin vs. Bitcoin” or “Is Pi a Scam?” pop up constantly, driving engagement. Other cryptos, like Solana or BNB, get talked about, but they’re already in the game—Pi’s the shiny new question mark everyone’s trying to figure out. That uncertainty, paired with its grassroots appeal, keeps it dominating the conversation.

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#pi #Pidomain As earlier discussed there is list of few bidders on pi domain auction ....

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The Pi Network has introduced the .pi domain, a unique top-level domain (TLD) designed to enhance the Pi ecosystem by allowing users to create personalized digital identities within the network. This initiative aims to foster a decentralized web environment, enabling businesses, developers, and individuals to establish a distinctive online presence tailored to their needs. Key Features of .pi Domains: Integration with Pi Ecosystem: .pi domains facilitate seamless access to Pi-based websites, applications, and services, promoting broader adoption and engagement within the community. Decentralized Web Identity: Operating within a Web3 framework, these domains offer users a decentralized digital identity, aligning with the principles of blockchain technology. Blockchain-Based Acquisition: The process of obtaining a .pi domain leverages blockchain technology, ensuring transparency and security. All transactions related to domain acquisition are conducted exclusively using the Pi cryptocurrency, reinforcing its utility within the network. .pi Domain Auction Details: To distribute these domains, the Pi Network has organized a .pi Domain Auction with the following specifics: Eligibility: Open to all members of the Pi community and individuals who have acquired Pi through centralized exchanges. Duration: The auction commenced on Pi Day, March 14, 2025, and will conclude on Pi2Day, June 28, 2025. Notably, individual domain auctions will extend if new bids are placed within 24 hours prior to their scheduled end, ensuring fair opportunity for all participants. Participation Process: Access the auction platform via the Pi Browser at https://domains.pinet.com. Search for your desired .pi domain. Place a bid, with a minimum starting bid set at 10 Pi. The highest bidder secures the domain, subject to potential future annual registration and maintenance fees, akin to traditional domain practices. This initiative not only enriches the Pi Network's ecosystem but also exemplifies the practical application of blockchain technology in domain management.

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#pi #Pidomain as of now after pi domain bid initiated on 6th anniversary of pi, every major companies are bidding for domain name, it gives a great energy and hope to see the pi ecosystem growth. if you are a pioneer and have a active wallet you just login and type the name of any good company, you will see the bidding. 🎉👏👏👌

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