Why Pi Network Might Just Be the Wildest Crypto Ride of 2025! 🚀

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So, Pi Network is finally launching its Open Network (mainnet) on February 20, 2025. Cue the confetti! 🎉 But wait, everyone’s buzzing about what the listing price will be. It’s like waiting for a new season of your favorite show, but with more crypto drama and fewer cliffhangers.

As we inch closer to the mainnet launch, here are the top five facts about the Pi Network that you absolutely need to know before you throw your hard-earned cash into the crypto abyss.

Pi Coin Tokenomics

Let’s break it down, shall we? The total supply of Pi is capped at a whopping 100 billion tokens. Here’s how they’re divvied up:

  • Mining Rewards (65%): That’s right, 65 billion Pi are up for grabs for all you mobile miners, referrers, and node runners. Get your mining hats on! 🏴‍☠️
  • Ecosystem Building (10%): A cool 10 billion Pi are reserved for community projects and dApps. Because who doesn’t love a good app? 📱
  • Liquidity Pool (5%): About 5 billion Pi are set aside to keep the transactions flowing smoothly. Think of it as the oil in the crypto machine.
  • Core Team Allocation (20%): The remaining 20 billion Pi are for the Pi Core Team. They’re the ones keeping the lights on, but don’t worry, they’re on a vesting schedule. No sudden yacht purchases here!

As we approach the mainnet launch, the Pi Core Team is playing coy about how many tokens will be unlocked. Classic move! 😏

As of December 2024, approximately 562 million Pi coins are out there, mingling in the wild. And guess what? Many Pioneers are locking up their tokens for a three-year vacation. Talk about commitment! 💍

Pi Network Was Accused of a Data Leak

In May 2021, the internet exploded with news of a data leak involving 17 gigabytes of personal info from about 10,000 Vietnamese citizens. Yikes! 😱 The leaked data included everything from identity card details to home addresses. Not exactly the kind of exposure you want.

Of course, the person behind the leak pointed fingers at Pi Network. But the project was like, “Not us!” They claimed a third-party service, Yoti, was responsible for the KYC processes. Yoti, in turn, said they didn’t store those Vietnamese IDs. It’s like a game of hot potato, but with personal data.

“Pi Network or its third-party KYC provider has nothing to do with the recent alleged data leak of Vietnamese national IDs. We never asked for or collected such data,” they said. Sounds legit, right? 🤔

After an internal investigation, Pi Network found no evidence of a breach. Yoti also denied any involvement. So, who’s telling the truth? The plot thickens!

Pi Was Involved in China’s Largest Pyramid Scheme

Oh, and did I mention Pi Network has been accused of being a pyramid scheme in China? Shocking, I know! 😲 The platform’s referral system has raised eyebrows, with the Public Security Bureau of Hengyang City calling it a scam. They’re not mincing words!

“PI Network has nothing to do with the real project and will soon rug. Be aware because CABAL is trying to make a meta from the Pi Network 2025 brand,” said analyst MASTR on X (formerly Twitter). Ouch! 🔥

With all this drama, Pi Network has put restrictions on trading in certain regions, including mainland China. They’re trying to keep things above board, but the rumors keep swirling.

“PI is the largest pyramid scheme in the Chinese-speaking world,” wrote AB Kuai.Dong. “But hey, at least you can mine on your phone!”

Pi Network is Among the Top 5 Most Popular Crypto Projects

Despite all the chaos, Pi Network is still the 5th most followed crypto project on X (formerly Twitter) with 3.7 million followers. That

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2025-02-16 22:17