Pi Coin has been surrounded by controversy and skepticism for years, and recent developments suggest the project may not fulfill its promises. Many early supporters had high hopes for it to revolutionize digital currency, but concerns are mounting due to its lack of a solid blockchain foundation and reliance on ad-based revenue models.
Key Issues with Pi Coin:
No True Blockchain Support – Rather than developing its own blockchain, it is reported to rely on the Stellar network.
Ad-Based Monetization – Users were incentivized to watch ads instead of participating in actual mining.
Delayed & Unclear Mainnet Launch – The project has repeatedly delayed its transition to an open network.
Absence on Major Exchanges – Despite years of hype, Pi Coin is still not listed on prominent exchanges like Binance.
If these latest developments are accurate, they could confirm fears that Pi Coin was never a legitimate cryptocurrency but instead a marketing gimmick. Many users are now questioning whether their years of investment in time and hope were in vain.