PiNetworker

Pi Network official reminder in the APP to confirm wallet address

Migration is coming soon?

Did you receive the reminder? How far along is the mainnet listing?

#PiNetwork #Pi网络 #主网清单 #钱包迁移

The Pi coin has collapsed, those who are dreaming of getting rich quick should reconsider!

I wonder how many people are still speaking up for the Pi coin? In February 2025, the PRC police froze 18,000 related accounts and arrested 37 core promoters, with the amount involved exceeding 23 billion yuan!

The founder of Pi coin, Nicolas, actually left the team a long time ago, and the photo on the official website is an old picture from his academic event in 2015... Even more absurdly, the technical white paper of Pi coin is plagiarized from public chains like Cardano and Polkadot, and even the key chapters were generated using AI.

Pi coin has constructed a four-layer harvesting pyramid, with the top layer being those fraudsters touted as Stanford PhDs, the middle layer consisting of million-dollar team leaders who earn commissions of up to 32% by developing downlines, and some even earn 800,000 a month! The bottom layer consists of middle-aged and elderly groups who have been brainwashed, mortgaging their properties and investing their retirement savings just to acquire others' Pi coin accounts, ultimately losing everything.

From a technical perspective, Pi coin is a complete sham chain. Its transaction processing capacity is only 7 transactions per second, which is less than one-tenth of Bitcoin's. Furthermore, 73% of the nodes are actually controlled by the same IP range.......#pi #加密市场反弹

How to identify the next Pi coin: first, check if the code is open source; second, look for a technical audit report; third, see if there are real on-chain activities. Six major characteristics of pyramid schemes: emphasizing zero-cost wealth, requiring the development of downlines, promoting secret national support, silencing skeptics in the community, using overseas servers to evade supervision, and having a vague background of the founder.

There are no free lunches; true wealth can only be obtained through your own efforts and wisdom! Beware of scams, join the discussion group!币安王牌KOL聊天室，点击进群

Pi coin plummets 65%, China issues urgent warning! It was suspected of fraud, but the truth is confusing

Pi Network's mainnet was officially launched on February 20, but the highly anticipated crypto project has attracted widespread attention due to a 65% plunge. Currently, Pi coin is trading at only $0.65, and many investors have questioned its legitimacy and future prospects. Initially, Pi Network claimed to be an innovative blockchain that aims to popularize cryptocurrency through mobile phone mining, but there are doubts behind it.

One of the main problems with Pi coin is its referral mining mechanism, which is similar to a pyramid structure (MLM) and encourages users to increase mining income by recruiting downlines. This model has triggered a warning from the Hunan Provincial Public Security Bureau, which has classified it as a scam. In addition, Pi coin has also made the news for defrauding the elderly. Scammers used false promises of getting rich overnight to induce the elderly to download the app, resulting in the leakage of personal information, further exacerbating the controversy of the project.

In 2021, Pi Network suffered a large-scale data leak involving the personal information of about 10,000 Vietnamese citizens. Although Pi Network denied responsibility, the incident undoubtedly dealt a devastating blow to its image.