After the much-anticipated exchange listing, no one seems to have gotten richer, but the Pi core team. Here’s why:
The Lock-In Dilemma
To send Pi to an exchange, users must first commit to locking up a portion of their Pi for a set period. The problem? Many had no clue what they were agreeing to. Some locked up huge amounts, while others chose long durations—simply because they didn’t understand the implications. In my case I locked for 3 years that means I have to wait until 5/2025 to receive Pi mainnet.
The KYC Struggle
Passing KYC (Know Your Customer) in Pi Network isn’t easy. You need to invite five friends to join, but most users say 90% of their referrals turned out to be invalid. No valid referrals, no KYC approval—leaving countless users stuck.
Uncertain Numbers
Every day, users have to diligently tap their app to mine Pi, watching their balance grow. But here’s the catch: the number displayed isn’t necessarily what they’ll get. The final amount is decided by the Pi Core Team—with no clear rules on how.
Despite all the hype and hard work, the dream of getting rich with Pi remains just that—a dream.
And you, do you still believe in Pi dream?