all this is true

MOD – FAQ & PI 2025 – 25 General Questions and Answers about the Pi Project
Q: How many people have actually received PI tokens?
A: Only around 15% ~ 12 million accounts are able to sell Pi, most of which belong to phone farming operations.
Q: After 6 years, how many people have not received any PI tokens from the project?
A: 53 out of 65 million accounts haven’t received any Pi tokens due to Nicolas and Cfan intentionally blocking step 9. They won’t be able to sell Pi for at least the next 5 years.
Q: When will the 50+ million accounts blocked by Nicolas receive their PI tokens?
A: At least not before 2030. Nicolas is blocking them to offload billions of Pi into the market.
Q: Step 9 in Mainnet says Pi will be moved to the wallet 14 days after KYC, but millions haven’t received anything since 2022?
A: This is a tactic by Nicolas to limit the circulating supply and force users to buy Pi on exchanges to KYC through Banxa.
Q: Why does Nicolas still have the ability to revoke Pi from users' wallets even though Pi is listed on exchanges?
A: Because Pi is currently in the open network stage, not open mainnet.
Q: How many Pi tokens can Nicolas fully control?
A: 35 billion Pi. 20 billion are held by the team across 10,000 wallets, and 15 billion are labeled for the ecosystem – none of which require KYC. Nicolas can sell them at any time.
Q: Why do orange-labeled accounts fail KYC repeatedly despite multiple attempts?
A: The auxiliary verification system doesn’t work. Even after hundreds of tries, they still can't pass.
Q: Is it true some users from 2019 still haven't received KYC slots?
A: Yes. If they changed phones without logging out, they lost access to KYC.
Q: Why do some people using the Clone App Pro manage to KYC hundreds of fake Pi accounts?
A: Because Clone App Pro can change the device ID and IMEI.
Q: Is Pi's KYC process as effective as Nicolas claims?
A: No. The AI-based KYC system has been bypassed. Many use fake/Photoshopped documents, and a single face can KYC thousands of fake accounts successfully.
Q: What if Pi Network adopted a POH system like LayerEdge?
A: With Level 2 KYC like on exchanges, it would only take 10 days to verify 55 million accounts.
Q: Did the 100 Dapps that Nicolas promised for 2024 ever launch?
A: No. It was all a scam. As of April 2025, no Dapps have been released.
Q: On April 25, 2025, Nicolas posted that thousands of stores now accept Pi payments. Is this true?
A: No. That post is completely fake. These stores are virtual and no one can actually use Pi there due to legal issues. Using Pi for payments could result in arrest and prison.
Q: I saw users on social media trading goods with Pi. Is that real?
A: No. These are staged posts to gain followers or promote referral codes.
Q: What is the Pi advertising network that Nicolas talked about?
A: Nicolas turned 65 million users into an ad platform to earn revenue from ad views.
Q: Is auctioning .pi domains with major brand names a violation of intellectual property rights?
A: Yes. Without brand permission, you could be sued and fined.
Q: Did the project team use internal wallets to bid on Pi domains?
A: Yes. Domains like amazon.pi and samsung.pi were won by anonymous internal wallets with tens of thousands of Pi, untraceable on the explorer.
Q: Did Nicolas hire KOLs (influencers) to promote Pi on social media?
A: Yes. They post claims like "Pi = $314" or "Pi will replace Bitcoin" to exploit people's greed.
Q: Why are Pi Core Team posts on platform X vague and without clear timelines?
A: To keep users engaged and watching ads in the Pi app.
Q: Why hasn’t Nicolas hosted AMAs or posted on his personal page for years?
A: Because he's afraid of being exposed, which could collapse the project.
Q: Why have exchanges like Binance, Coinbase, and Bybit refused to list Pi?
A: Because they recognize Pi as a scam project.
Q: Have investors made profits by investing in Pi?
A: No. Their assets could lose 100–1000x if all tokens are unlocked. Currently, 1.7 billion Pi tokens are unlocked, but only 1/10 are circulating. Full circulation would crash the price.
Q: How much ad revenue has been made in the last 6 years, and how was it used?
A: Nicolas has made $300–500 million from ads, which was used to create fake liquidity for Pi.
Q: Is it true that 80%+ of Pi miners come from poor countries like Africa, Laos, Cambodia, and Vietnam?
A: Yes. Developed countries have very few participants, allowing Nicolas to easily exploit the poor’s desire to get rich quickly.
Q: What is the future of Pi… the vision for 2030?
A:
Nicolas will continue blocking over 50 million accounts from receiving Pi.
He’ll keep posting misleading promises.
He’ll dump all the Pi he holds.
Millions will continue watching ads daily.
The vision of Pi becoming a global currency (as stated in the whitepaper) will completely fail.
Conclusion:
This is a perfectly designed Ponzi scheme spanning many years, with the main purpose of profiting from users watching ads and forcing them to buy Pi. Nicolas is the only one benefiting from this project.
#piscam