I truly never got PI.
I still donยดt.
The Pi Network was launched in 2019, and despite over five years of development, its Open Mainnet has been repeatedly delayed.
Till now, if not delayed again they start to be listed on serious exchanges tomorrow 20 Feb 2025, OKX being the biggest and Binance might list later.
I did some DD (Due Diligence) and it just does not make sense to me, so can anyone explain to me why I would buy PI?
As I see it, the token has no liquidity, no use case that is new and engaging, no future perspectives that draw investors, all it has is the data of 100 million users who downloaded the mining app.
I agree, that KYC information is GOLD, and like XRP and PULSE they have a dedicated following that truly thinks tapping your phone will make you rich one day?????
I can only think why?
Pi has a capped supply, awesome!
Of 100 Billion Tokens!
Not so awesome!
562 million Pi coins have been unlocked and are in circulation.
At 75 dollars that would be a number...ehh.
The number 42,150,000,000 and that is called forty-two billion, one hundred fifty million.
That would put it in between DOGE and USDC
Now I saw strange things in this Cryptoverse, I mean DOGE 36 Billion???
$TRUMP coming in a #2
XRP reaching an ATH in 2025
So crazy is not new, but I never felt that PI made sense and to have this PI disaster waiting to happen in the same week as the $LIBRA debacle signals the end of the bull market.
Now I know that there is a big community, all tapping and hoping to be rich one day.
But who is buying?
Yes, many have their coins locked up for years in order to get bigger tapping rewards, those sorry-ass Mofos will miss out on the one minute of fame. But there are plenty that will sell as soon as the coin lists on 20 Feb.
Pi is expected to be listed on several major cryptocurrency exchanges, including OKX, Bitget, MEXC, and HTX.
These listings will provide liquidity and accessibility, enabling Pioneers (PI Holders) to trade their mined Pi coins on open markets.
That is the thing, it says: Trade
What would you trade for a token earned by tapping a phone?
Now I may be wrong or:
But just read this, and if you are a lazy F that just wants to tap its phone watch this:
Pi Network got attention due to its mobile-first approach to cryptocurrency mining, it has also faced a few critical notes.
The most basic one, tapping a screen is not mining!
Here are a view more:
๐น Strengths:
โ๏ธ Easy, mobile-friendly mining with no high-power hardware needed.
โ๏ธ Large user base (40+ million users & 100 million downloads).
โ๏ธ Theoretical potential for a decentralized economy if successful.
๐ธ Weaknesses & Concerns:
โ No real-world utility yet.
โLack of liquidity to support the price of the millions of tokens
โ Repeated delays and unclear roadmap.
โ Centralized control & unclear blockchain transparency.
โ Referral-based model resembles an MLM structure.
โ Data privacy concerns.
Pi Network could revolutionize mobile crypto adoption.
More likely, and if not delayed again, it will be a sell as fast as you can coin to suck the little liquidity out of this over-hyped project asap, but hey this is crypto crazy things happen, but still what is the incentive?
Thank goodness you made it till the end Pees, Love and I am out of here!