This is really cruel 😂 The Pi coin project is about to open the network, but it has been delayed for 6 years. To be honest, it is quite outrageous.
It claims that ordinary people can mine with their mobile phones, but it has attracted 50 million registrations and 18 million people have done KYC certification.
In Taiwan, you can even use Pi coins to buy milk tea and pay rent.
But have you noticed that the more you think about it, the more wrong it is.
The total supply is 100 billion coins, which is a market value of 100 billion US dollars at 1 US dollar, which is more than one-third of the market value of Ethereum.
But now only 2 billion coins have completed the main network migration. What are the plans for the remaining 98 billion coins? When will they be released? No one can tell.
The funniest thing is that a project that claims to be decentralized must rely on a mobile app to mine.
The main network launch time has been changed again and again in the past six years, and KYC requires your ID card, facial recognition, and address proof, which is more troublesome than applying for a bank card.
The 80 so-called mainnet applications are basically virtual, without even a decent application scenario.
The answer will be revealed on February 20.
Either it really becomes a popular version of the blockchain world, or it is a large-scale capital pool in a high-tech coat.
Anyway, it has been so many years, and these few days are not a big deal, so let's wait and see.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.