If the Pi community had read the white paper carefully, everyone would have understood that the listing of the currency on exchanges is forthcoming and that activating wallets and linking them to external systems is a core part of the roadmap. The paper clarified that anyone can enter the ecosystem and create a wallet even without mining, provided they pass the KYC (Know Your Customer) process.
Three essential phases in the Pi project:
1. Testnet: This phase tested the infrastructure, mining, and applications.
2. Enclosed Mainnet: This allowed for testing the ecosystem within the network, with restricted transfers.
3. Open Mainnet: This is the current phase, where restrictions have been lifted, and Pi can be linked to other networks and wallets, and listed on exchanges.
Community issue:
Some content creators exploited people's ignorance and promoted rumors such as:
The currency will not be listed on exchanges.
The price of Pi will exceed thousands of dollars.
Pi will become an alternative currency for countries.
Their goal was to harvest referrals and collective mining for personal benefit, even though the system only grants referral rewards if both parties are active in mining and completed KYC.
Summary:
The team adhered to what was stated in the white paper, but some distorted the truth with misinformation. Therefore, instead of attacking the project, we should hold accountable those who deceived people for personal gain.
