Is Pi Network a Scam or the Next Big Thing in Crypto?
Cryptocurrency is constantly evolving, with new projects emerging every year. One such project that has gained massive attention is Pi Network. But is it a revolutionary way to mine cryptocurrency or just another scam? This article will provide an in-depth analysis of Pi Network, addressing its legitimacy, potential, and risks.
Is Pi Network a Scam?
| Feature | Details |
|---|---|
| Founded By | Dr. Nicolas Kokkalis and Dr. Chengdiao Fan (Stanford graduates) |
| Launch Year | 2019 |
| Total Users | Over 60 million worldwide |
| Mining Mechanism | Mobile-based mining via the Pi Network app |
| Mainnet Status | Open Mainnet launched in February 2025 |
| Trading Platforms | Available on OKX, Bitget (pending on Binance) |
| Criticism | Transparency issues, centralization concerns, unclear value |
| Official… |
