This is the first topic i ever started. I was compelled because I believe Pie coin to be a scam. My post addressing my concerns was promptly deleted, and not addressed. The ICO on CCEX started today ( even though it has traded actively for months ). I do not want this post lost as it is truthful and accurate.
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400,000,000 coins now available, called a presale, ...and STAKING!!!!!!
Seriously. The current coin supply is 427161374.95639104. You just dropped in 94% of the coin supply. Great idea, lets call it a presale and not deliver any coins to the ico is finished ( even though the coin is actively traded on 2 exchanges ). Then stake this massive premine!!!! That is like stealing from new investors. It is fine to accept their money right now but we will be keeping the interest until a later date. Also, what about the current investors, the established community and the early supporters. Well we will just push them aside. And mostly, if you are about to receive ico funding for piecoin, why do you need to stake it at all?
The staking for coins really doesn't represent a large portion of income for anyone (unless it's 400 million..lol), but what this does, to me, is scream in my ear about the integrity and future of this coin. This coin is about the dev. Period. Please buy my paltry stash of piecoin (174k) at 7 sats at the 2 exchanges, and you can withdraw it immediately. I'm out.