.CMCAlexandria takes a deep dive into Pi Network, a dubious crypto project promising to be the future of crypto. Find out how millions of users have been 'mining' these 'coins' every day for the past 3 years! 🤫 Author: TheCoinPope1 PiNetwork BTC
to receive their mined coins . In short, PI will have a total supply of 100 billion, 20% of which will be reserved for the team. Following this announcement, some Pi miners on[...]” have little lest then 10k, just me and few friends ‘mine’ and after finding out that supply is 100bn, feel like shit, because when we hit the market, my 2year mining will be able to buy for few dollars…”
Although most of the Pi Network community is based in developing countries, the massive token supply will likely render user balances virtually worthless. This is further ground for assuming that Pi Network is monetizing the attention and data of its users instead of trying to build a real blockchain project with real utility.One could argue that Pi Network is not a scam since it does not cost money and only requires the user’s attention.
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