My personal logic share regarding some domestic KOLs' FUD on $Pi:

1. The so-called CX coin scam: if you download the Pi APP, you will know that Pi is mined for free, and you only need to check in once every 24 hours to mine automatically. They haven't collected a dime in six years.

2. The so-called advertising fees: First, ads can be canceled in your personal profile; just click a button, and after you check in, ads won’t appear.
Most ads are for some foreign games, and the majority of Pi's user base in China consists of the elderly, as people commonly refer to them. For advertisers, Pi users do not bring any effective revenue; are advertisers fools? Of course, a few people might accidentally click to download, but even if they download, the elderly wouldn't know. Are you going to let an old lady play games? That’s ridiculous.

3. The social impact of scams after trading, etc.:
(1) I am clear about how much circulation there is domestically. Domestic users basically have no coins; no coins mean no opportunity to be scammed. Moreover, they are all mined for free; even if scammed, it would just be at a low price, which is very unlikely, almost zero.

(2) They won’t operate to buy coins. Knowing it's mined for free, they will likely wait for their coins to unlock. Only a very few people will buy because buying requires finding someone who knows how to operate an exchange, which is actually quite troublesome. Even if they have someone around who can operate, it’s usually someone they know well, who knows where they live, and some probably even know their parents. Therefore, if someone who knows how to operate wants to scam them into buying, it comes with high costs; they know each other well, so even if they want to scam, they wouldn't dare, significantly reducing the probability of being scammed, almost to zero.

(3) I am very clear about the economic conditions in the country in recent years. The overall environment is poor, and the common people have little money. Currently, the funding schemes are becoming fewer. The majority of the money from the groups that were easily scammed in the initial popular years has already been taken away, and this easily scammed group is mostly in debt with various loans. Therefore, even if they believe in Pi and want to buy it, they don’t have the money to do so. Understand? Only a few people have money, and most wealthy people do not believe in Pi, let alone persist in mining for years.

Therefore, the probability of being scammed is extremely low, and I do not believe it will cause any social problems.
On the contrary, if some people exchange Pi for some money, it will gradually promote consumption.

3. Saying okx is ugly and that they list any garbage: Okx dares to lead in listing Pi's spot trading in such a harsh political environment; since a domestic exchange dares to do so, I personally speculate that it has domestic backing, otherwise, Okex wouldn’t have this courage.

Listing Pi on okx is absolutely not for the traffic; I have observed that in the past year, Okex's listings are basically just following Binance's lead, casually listing a couple of coins. They are in the position of dragon 2, earning more than Binance. They have never listed coins for traffic because I personally think that Okex's coin listing research team is much stronger than Binance's. They just don't want to be too aggressive; Okex doesn’t need to take such a big risk for the traffic of one Pi. Of course, this is just my personal speculation.

This is an article I wrote in advance on the first day $Pi went live on Okex. Today, domestic deposits and withdrawals were prohibited, but I want to post it; otherwise, it would be a waste of effort. I have never written anything this seriously even during my college entrance examination; this is purely my personal thinking.

Curse casually, the more scolding, the more excited I become~