The launch of Pi Coin is imminent, be careful not to fall into the 'lock-in period' trap! In fact, you may not even pass KYC!
Pi Coin is set to go live on many exchanges on February 20! However, despite everyone's excitement, there are actually quite a few controversies, with some people believing that Pi Coin is a scam.
Today, I want to talk to you about a pitfall that many people have overlooked. Remember when Pi Coin conducted KYC verification? There was a lock-in mechanism, and many people didn't understand what this was all about. Without realizing it, they locked their mining acceleration rates, with some locked for a year and others even for three years!
Now, this is a problem; those who have already transferred Pi Coin to their wallets must keep these coins in their wallets for the entire locked period and can't move them at all. During this time, these Pi Coins cannot be traded or exchanged, they are essentially 'frozen'.
Honestly, this situation is quite frustrating. I believe that before investing in Pi Coin, everyone should really study it carefully and not just rush in blindly. After all, true value relies on our own judgment and understanding. Don't end up losing money and falling into a big pit instead!