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The astir hyped and awaited crypto project, Pi Network (PI), is each acceptable for its mainnet motorboat connected February 20, with millions of “Pioneers” crossed the globe waiting with bated breaths. Also cognize arsenic a pioneer task successful “mobile crypto mining” since 2019, Pi Network promises to wholly revolutionize crypto manufacture with its Pi coin terms speculations breaking the internet.
However, up of the launch. a contention related to listing of Pi Coin has brought retired the worst fears successful fans: what if each the hype, build-up, excitement and buzz is conscionable an aerial castle based retired of axenic speculation?
Despite each this excitement and hype successful the Pi community, the crushed world is wholly different. As of now, but for OKX and Bitget, determination are nary different large centralized exchanges that announced the authoritative listing of Pi connected their platform.
According to marketplace analysts, the main crushed down this is skepticism astir Pi project’s legitimacy. The task is facing allegations of being a pyramid strategy with nary sustainable exemplary of revenue. Similarly, the nonaccomplishment of viral crypto Telegram crippled Hamster Kombat successful 2024 serves arsenic a reminder of not to blindly spot marketplace hype.
However, each these uncertainties person not made overmuch interaction connected the Pi community’s enthusiasm, which has surged astronomically since the quality that Pi coin volition beryllium listed connected OKX and Bitget. There are besides speculations that Binance and CoinBase mightiness besides database Pi coin, but determination is nary authoritative confirmation astir the same.
Currently, OKX is the lone starring speech that announced the listing of the PI/USDT spot trading brace which volition commencement trading connected February 20. As this quality dispersed retired the Pi coin terms skyrocketed 106% and smashed the $100 level.
After OKX, different crypto speech Bitget besides plans to database Pi coin connected the time of its mainnet launch.
BYBIT CEO slams Pi, Compares it with Ponzi Scheme
In midst of this ongoing controversy, Ben Zhou, the co-founder and CEO of BYBIT refused to database PI Coin connected his speech and termed Pi Coin arsenic a pyramid scheme. Ben’s connection has divided the assemblage with 1 squad supporting the Pi web and the different 1 calling it a fraudulent project.
Ben said, “Today a clump of radical asked maine if I wanted to articulation pi, I said halt being ridiculous, I utilized to commercialized forex and was ever being held up by middle-aged women and men asking them to instrumentality my hard-earned money, I truly don’t privation to get progressive successful the cryptocurrency world… Stay distant from it… Thank you.”
Not lone this Bitget besides deleted a fewer posts regarding Pi Coin which created statement among the crypto community. After this, the full Pi assemblage got offended and criticized the CEO and different influencers calling it an MLM scheme.
After each this play Pi holders who person been waiting for its mainnet motorboat for a prolonged clip are disquieted astir its listing and legitimacy. However, it is inactive a question of whether Pi coin volition database connected Binance oregon not. In addition, close present determination is nary update from the Binance regarding the Pi listing.
Final Thoughts
There has been truthful overmuch hyperbole astir Pi Coin and Pi Network since its launch. This task is surviving lone connected its hype utilizing investors’ sentiments conscionable similar Hamster Kombat. However, implicit clip everyone volition get a world cheque connected whether Pi coin is simply a equine for a agelong contention oregon not.
Also Read: Pi Network Warns Pioneers of Scams Ahead of Open Network
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