Crypto Craze or Pyramid Scheme? Pi Network’s OKX Listing Sparks Controversy 🤑💸

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In a move that has the crypto world buzzing like a swarm of angry bees, the Pi Network’s native token is set to list on OKX, leaving traders scratching their heads and questioning the project’s true intentions. 🤔

While the Pi Network claims to be a “decentralized peer-to-peer ecosystem” that aims to make cryptocurrency mining more accessible, some users are raising concerns about the potential risks involved. 😬

One user, @Asenup4, described the Pi Network as a “zero-cost mining project” that allows users to mine crypto via a mobile phone, but warned that the project’s user referral mechanism has the makings of a potential pyramid scheme. 🤯

Furthermore, the user highlighted the difficulties Chinese traders have faced in completing the KYC (Know Your Customer) verification process, which could leave many users unable to participate in the token’s listing. 🇨🇳

With the Pi Network’s mainnet launch scheduled for 2025, the project’s long development timeline has also raised eyebrows, with @Asenup4 cautioning OKX to “act with caution” and not “defraud the elderly of their private keys.” 👴👵

As the crypto community watches this saga unfold, one thing is clear: the Pi Network’s OKX listing has sparked a heated debate, leaving traders wondering whether this is a genuine crypto opportunity or a potential scam in the making. 🤔💸

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2025-02-12 10:44