Topic: Any news on the PI Network? (Read 216 times)

There are some unpopular websites who are continuously posting articles regarding Pi Network, and because of this, I'm already thinking that they paid these websites just to promote the project where in fact, it's been years since this project has been introduced to the public and yet, there is no Mainnet launching whatever.

People are hoping that the coin that they're "MINING" for free on their phone would give them huge money. TBH, there's no free money at all, and if there is at least you need to spend a few bucks in order to get a token worth hundreds of dollars (airdrops). Mining with your phone, and do nothing? Does that even exist at all? Nah, I don't think so. The last project that did the same thing was Electroneum way back in 2018, but it wasn't sustainable at all hence, they stopped the free money through mining on their app.

Is this a scam? Well, many are saying that it's a scam (including me), but it will not be a scam unless it will become one. After all, the project isn't asking for money from investors. What they're asking only is personal information to continue mining on their app (KYC). The project has been full of hype ever since 2021, and it has been until now. Well, the token isn't up until now, and I don't think that it will, but this is the project that I will avoid for sure.

I had same opinion until recently but then I came across WhatsApp status stating they are willing to buy Pi, not the company thought but se middlemen were offering $0.20 per Pi but they need KYC to be completed which we are unable to do at the moment. Whether they are really working towards development which is highly unlikely because we have not seen any progress or someone is scamming people staying they will buy Pi from them at higher price like $1 and these people are buying it from the miners who did it through mobile.

It has been all along like that because the posts on their pages were clickbaits and some false proclaimed adaptations which clearly not true because they are just simply luring their victims with those false stories and their progress is not real. now their investors are seeing their motive all along and if they can't still wake up to this kind of scenario, then there will be no helping them in the future. They will just gonna wait for nothing and their main persons are living their lives to the fullest with the money they spent on this scam coin.

Good thing that you've come to realize that. I still see a lot of people that can't accept that they've spent a lot of time on it doing all of the required process and requirements and then, there's no progress at all anymore. That's why if these people will just realize that they can use their time from committing into this project, they'd be better doing it with some other projects that are legitimate and tradable into exchanges unlike this one, you should be done with all of it.

I too gave up when they asked for KYC. KYC could be mandatory to centralized exchange and gambling site for regulatory measures. But I see no reason for a new crypto to ask for KYC. There are reasoning that they wanted to limit multiple accounts but they could have done it by limiting mining on one account at an IP. It's not the first that that a coin has tried to airdrop users through virtual mining but the problem with pi is they don't even have a real blockchain ever after all these years. There are fake success stories and scam marketplace going all over social media that too tarnishes its image.

A few years back, I also participated in mining of PI coins, when its app was launched on mobile and managed to accumulate  few hundereds of PI coins, later the team also introduced very challenging KYC process, it became apparent to me resized  that the team might not be fully committed to ensure the success of the project not serious to make it a success. As a result, I stopped mining and ceased my involvement with the project, including keeping up with its updates.

What's actually happening to PI network?  I'm yet to see anyone cashout major from this particular project except for those running the P2P PI network. They buy in huge quantities at low price and sell them in significant figures for the purpose of stacking huge profits. It's never a relevant points to me because embracing the drastic huge tasks, there's one thing I dislikes about this project is the slow rate of mining. The PI network hyped have been reduced, this is simply because there'd limited information to give out regarding this projects.

I am not the miner of Pi Network coins but better if you hold many Pi coins sell or trade to some one buy with excited price than holding or expecting Pi coins will raise consensus price. Its crazy with Pi Network coins holder how possibility price up more higher than bitcoin with easily getting Pi coins trough mining way.
Last years, has the buyer of Pi coins buy above $1 and most of miner sell their Pi coins and some of them not think will raise of Pi above bitcoin price. During have buyer want to buy Pi coins what for hold for long term and take benefit by selling Pi coins has capital for trading in cryptocurrency with Pi available for mining again.

Why are people so hopeful about Pi Network. The project is a big scam and there have been so many red flags about the project that has been discussed on different forum. Even big exchanges have warned about this crypto project. They will do a big rug pull and then sell the KYC data that they have collected to the biggest buyer. Stay away from this scam project.

You can read the old thread about Pi Network. PI Network! A huge trap[Warning!]

---

There are still many hopefuls with Pi Network but not sure this will become a reality because this project for years there is no definite clarity even people continue to try to believe in this shiling project.
In my own area the Pi Network community still exists, but all are laymen about crypto they will only be promised an unreasonable price that exceeds bitcoin so I will stay away from it even though I have warned them.

From what you said, it shows that it is a scam project. My younger brother will persuade me to mine pie coins for the future to get rich with, but I will reluctantly tell him, I will but deep down in me I knew that I would not be part of shitcoins.

That coin is a waste of time for a tone who wants to ha e hope with it. This is why you need to invest your money on a coin with high market cap like bitcoin for the future. Most of these altcoins will not see the future.

There something big cooking up with this coin I have some thousand Pi mined and I see some WhatsApp forward message about some people wanting to buy Pi at $0.20 per token but we have to do KYC and when I applied for KYC it says slots are full and they will notify me when it's available.

It means Pi is going to hit the market or someone has spread rumours to buy it from them for much higher price, let's wait and see what happens and I am little positive about it this time.

The team's lack of transparency in how they run operations, doubts about the true value of the Pi coin, and KYC requirements are actually something I've seen a lot of people talk about. Attracting millions of users could increase Pi's value by making it a scarce and exclusive asset to own for fear of missing out. However, with no defined timeline for progress and no actual output like an app or service, this is inherently a high-risk business.

The belief in Pi's potential has not completely disappeared from everyone because I see there are still a few people on telegram who still regularly buy and sell p2p but in my opinion its rate is gradually decreasing because there is no clear evidence of it. this. Forcing KYC will not help, it can be a way of collecting users' personal data without giving them any benefit.

Yeah, they're hoping that there's something that they can pull with this project because they think that it's still appropriate for them to wait for the right time for this project to get some value. But you see that they've been waiting for years and yet, there are still a lot of folks hopeful that there's something that they can get out of it despite that years of wait. If it's me, I'll just forget about it and I don't want to wait for years just to see something out of it made with promises.

It seems the hype gone for PI as most of its users available balance are impossible to migrate to the mainnet as the refer needs to do KYC which is not happening either. The way its hype came to the market very few project can do something like this but the teams inconsistency let that hype fade away. Also its not that profitable to mine as i think at current P2P market price you won't be able to mine few dollars in one month. As there isn't any good news from the team, nor is it profitable to mine, I think its time to move on from PI.

For me, this project is dead long time ago. I believe, some who are still holding or earning coins are trying to hope that this project has still future. It got a hyped before but when they started asking kyc from their customers, that's when it seemed dubious. Considering the fact that they were only promises and not showing tangible plans.


Well, expect that to happen as scammers will always find a way how to capitalize the popularity of a name even they are not connected with the original project. However, on the note of the orig Pi network, they were not even successful in launching their full mission here. But they hyped they created was good before til it died down as supporters didn't see any progress with their developments.

Sadly, people who have obtained it are still hoping and can't accept the fact that it's likely a scam. Those that have complied with their kyc requirement and sent it to them, did get something out of it but they can't sell.

This is huobi right? It's not the actual PI that OP has mentioned but it's like a pi that made by huobi themselves to ride the hype of it but it's only tradable there, no deposits and withdrawal.

They are supposedly trading at a high price at $43.20 in exchanges like HTX. That would make me a millionaire considering how much I had on my app. I reinstalled it and tried to withdraw but not all of it are withdraw-able but a large portion is. Another hurdle before withdrawing was KYC. I didn't wanted to give mine without assurance so I made my friend do it. He said even though he have verified his KYC, they claim the tokens need to be swapped as the tokens in app and exchange are different and when he proceeded, the function to swap was not available. He's waiting for his own million but I have no hopes from it. I guess they are scams.

I don't want to say anything about Pi Network Mining and Pi Network Token. As they started the roadmap, their popularity started to decrease day by day. People's patience has broken and they should have lunched their coins in this market. Fraudsters start trading Pi mining network tokens on various exchanges, making fraudsters a lot of money. I mean the amount of money they grabbed by the name of Pi Mining Network Token has caused a lot of damage to the Pi Mining platform no matter what or if they wait so long this will be the result. However, I don't know if there will be an exchange in the future and the exchange might actually make some profit because I've been active with pi mining for a long time but now I'm inactive with no.

Initially, I made a lot of research concerning pi network,but I couldn't get any reasonable information from the research either. I'm beginning to look at the platform as scam, although it has not been identified yet. However base on the research I made earlier the site is not trusted at all,I think there intention is  just to build a large community, already they have gained millions of people in their community.