🛑
Since its launch in 2019, Pi Network has attracted millions of users around the world with a simple and charming promise: "Mine a digital currency for free from your phone, and it will one day be of great value." But over time, the features of a project that could be recorded as the largest soft scam in the history of digital currencies, and perhaps in the entire history of the Internet, began to unfold.
1. The psychological illusion behind "free"
Pi Network relied on a strong psychological principle: free scarcity. The user enters the app daily, presses the mining button, and receives "coins" without paying anything. This feeling of owning something rare for free made millions of people commit daily to running the app, while in reality, they are not obtaining any tangible real value.
2. Disguised pyramid marketing
To speed up mining, users are asked to invite their friends. The more referrals, the faster the mining. This pattern made the project spread like wildfire, but at its core, it is very close to pyramid marketing models that focus on expansion rather than real value or product.
3. No value, no transparency, no product
Despite millions of users, Pi Network has not listed the currency on any real trading platform for a long time, and all that has been offered is fake "experimental stores" within the network, in a closed environment (Closed Mainnet). No transparency has been provided regarding the source code or economic value or a clear plan for the real offering.
4. Massive collection of user data
The app requests broad permissions such as:
Access to contacts
Geographic location knowledge
Phone usage tracking
All this without actual clarification on how the data is used or protected. If this data is exploited or sold, it alone constitutes a dangerous exploitation of millions of people.
5. The great liquidation deception: Who buys Pi?
One of the most dangerous points is that the founding team retains a huge percentage of the coins (estimated to exceed 20-25%). When the market opens, users will be allowed to buy Pi with dollars or other currencies, under the pretext that the currency has become "valuable."
But in reality:
Demand will come from ordinary people aspiring for profit.
And the massive supply will come from the same team that received the coins for free, and will sell them for real money.
This clever plan allows them to liquidate billions of coins they own and achieve massive profits from the pockets of simple users, while the value of the currency later collapses due to excessive inflation in supply.
6. Millions wasted their time for "nothing"
For years, people have invested their time, effort, and even relationships in promoting Pi Network, hoping for a future wealth opportunity. The result so far: no real possibility of sale, no tangible profits, no clear project. Just promises that renew every year.
-
Summary
Pi Network is not just a questionable currency, but a project built on psychological exploitation, personal data, the efforts of millions, and an economic plan that opens the door to liquidating a massive digital wealth for the benefit of one party at the expense of everyone.
If these steps are implemented as planned, Pi Network could be recorded as the largest soft scam in history in terms of the number of those affected.
Let us know your opinion if you want us to continue revealing the secrets of other currencies
Please share to raise awareness
