The main reasons for the refusal to list Pi are:
1. The project has existed for 6 years, but after 6 years, 85% of miners have not received Pi tokens. Nicolas has intentionally made miners stuck at item number 9 or made it so they could not receive KYC slots mysteriously for 6 years.
2. Pi has made false announcements. In 2024, Nicolas claimed that there were 100 Dapps ready for the open mainnet, but currently, he is resorting to domain name auctions to hide the fact that there are not many Dapps as announced.
3. Many fake accounts passed KYC, even if 10 million accounts have Pi in the current wallets, up to half could be fake accounts.
4. Using tactics to freeze KYC, intentionally not inviting KYC to prevent users from receiving Pi in their wallets to manipulate the price of Pi.
5. Using advertising revenue over 6 years thanks to Pi holders watching ads to create fake liquidity. Inflating prices causes severe consequences for investors.
6. Using fake liquidity to secretly sell Pi, as you know, 85% of miners have not been able to sell Pi after 6 years. Taking this opportunity, Nicolas will secretly dump one Pi wallet each day from the 10k wallets he holds, each containing 2 million Pi through fake accounts that Nicolas creates.
7. The Dev wallet's percentage of total supply is not disclosed. The validating node is completely managed by Nicolas.
8. Hiring KOLs to create fake FOMO effects leads to people having a false perception of the project, inciting the community to attack the exchange.
9. 85% of current miners cannot sell Pi, with millions of accounts stuck at item number 9 since 2022. Even if they are not KYC'd by 2025, by 2030 they also cannot sell Pi because their Pi is locked for 3 years!
👉 In summary, the tactic is to deliberately block KYC or cause item number 9 to be stuck for 85% of miners so that many do not have Pi, then hire KOLs to create fake effects. Then use fake liquidity to support the price of Pi, after which many people buy in. Nicolas will then sell Pi through fake accounts, earning millions of dollars every day!
🆘️🆘️ VERY LUCKY BINANCE HAS STOPPED THIS SCAM - THANK YOU BINANCE FOR PROTECTING USERS 🆘️🆘️