The five-year "pie-in-the-sky" drama of Pi Network has yet to come to an end. The 65 million miners worldwide have worked hard to mine, but in reality, the users who can access the mainnet are far from half. Despite nearly 20 million accounts verified through KYC, only 10 million can actually enter the mainnet, a process as tedious as opening a bank account.
What’s even more concerning is that the team has particularly restricted KYC certification for major Chinese investors, clearly worried that these big players might crash the market. The so-called "mainnet mapping" in August this year is essentially just putting a blockchain facade on a worthless coin. The 68,000 Pi coins that everyone has worked so hard to mine are now worth even less than "digital funeral money", essentially having no real value.
After five years, they are still playing the "closed network" game, claiming it's to prevent dumping, but in reality, it's just stalling for time. The market is now flooded with various scams related to Pi coin futures, as if exchanges are truly charitable institutions. My advice is to quickly uninstall that mining app and spend your time in more practical places, like cutting deals on Pinduoduo, where you can at least gain some tangible benefits.
When will this "pie-in-the-sky" game finally stop? Everyone needs to stay alert and not be blinded by empty promises from shorts.
Finally, I recommend a recent meme with great potential - Trump's dog 𝑪𝒐 𝒏 𝒂𝒏, which has maintained a market cap of around 15 million consistently, very stable. Additionally, the project team is about to burn their chips, so it’s a good time to build a position.