🔥 "King of Pyramid Schemes" PI Mainnet Countdown: Are 60 Million Brainwashed People About to "Realize Their Dreams"? Six years sharpening a sword or honing a sickle? The launch date of $PI becomes the "ultimate test of IQ tax". Author | Nan Zhi (@Assassin_Malvo) After nearly six years, the "legendary project" in the cryptocurrency world, Pi Network, has finally announced that it will launch its mainnet on February 20: https://t.co/erVAiolKtw. From its inception, PI has been filled with controversy, with slogans like "one coin, one young model; two coins, exchange for a yacht". Various pyramid schemes and fission tactics have turned it into a belief for countless followers, while many see it as an "IQ tester". Today, OKX @okx announced that it will open Pi Network spot trading simultaneously with the Pi Network mainnet launch. Could it be that this time, the aunties will really make a fortune? Origin of PI Coin Pi Network was established in 2019 by Stanford alumni Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip. Initially, it promoted itself as a decentralized cryptocurrency aimed at "inclusive finance", with the core idea of lowering the entry barrier for cryptocurrency, allowing users to "mine" for free through a mobile APP, without the need for professional equipment and electricity consumption. In its early stages, the project rapidly accumulated users through an invitation system and social fission, and began its KYC process at the beginning of 2022. As of the mainnet announcement, there are over 60 million users, of which 19 million users have completed KYC, and over 10 million users have migrated to its mainnet. OKX @okx Spot The deposit, bidding, and spot trading times for OKX are as follows: PI Deposit Opening Time: February 12, 2025, 10:45 AM (UTC+8) PI Collective Auction Time: February 20, 2025, 3:00 PM to 4:00 PM (UTC+8) PI/USDT Spot Trading Opening Time: February 20, 2025, 4:00 PM (UTC+8), coinciding with the launch of Pi Network's mainnet. It is worth noting that market orders are not allowed in the first five minutes of spot trading, and the maximum limit for limit orders and maximum holding amount is set at $10,000. The current circulating supply of PI Coin is 6.041 billion coins, accounting for 65% of the total supply of 9.294 billion coins. IQ Tester? Get-Rich Myth? Or the Beginning of a New Round of External User Influx? The debate over the true value of PI has never ceased since its inception. However, it is undeniable that the concept of PI ≈ strong promotion and fission has taken root in people's minds. Aside from the Pi Network project itself, many other projects leveraging the PI name have created considerable records. In the second wave of the inscription frenzy at the end of 2023, the market value of piin once exceeded $20 million, consistently ranking among the top five in trading volume on the OKX inscription market. Currently, in the inscription rankings, the latest PI concept inscriptions π and п have market values of $138 million and $16 million, respectively. At the same time, Pi Network has also been pursued and blocked due to its involvement in the gray market. CCTV once reported that Pi Network is a "typical pyramid scheme" https://t.co/7Bx1kfDKoO, pointing out that its claimed high returns (such as "1 Pi = $200") lack actual support and may mislead investors. Law enforcement in several countries, including India and Vietnam, has investigated Pi Network, considering its activities may involve illegal fundraising and pyramid schemes, warning participants of potential legal risks. In 2021, DOGE led a massive influx of users and new capital into the market. Many users are also waiting for a breakout token in this bull market. Can PI replace TRUMP to accomplish this task and lead countless aunties into the market? Or will it become the Top Signal of user and capital depletion? Let's wait and see.
PiCoreTeam