Is Pi Network the Biggest Soft Scam in Crypto?
Since 2019, Pi Network has been telling people they can earn free crypto just by using their phones. Millions joined, tapping every day, hoping their Pi coins would one day be worth something. But so far, there’s no real exchange, no clear product, and very little transparency.
What’s really going on:
It creates fake scarcity to make users feel Pi is valuable
Uses a pyramid-like referral system to grow quickly
Keeps users in a closed system with no real market use
Collects user data with unclear privacy rules
Founders own over 25% of all Pi—ready to cash out once it’s tradable
In the end, millions may have just wasted their time on empty promises.
Could Pi Network be crypto’s biggest digital illusion?