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What's going on with PI network
Posted on 1/23/23 at 12:42 pm
Posted on 1/23/23 at 12:42 pm
For those unfamiliar here is a brief synopsis
Launched on Pi Day, March 14, 2019, Pi Network is a mobile blockchain mining project on a mission to give everyone access to the crypto revolution. This is accomplished by allowing anyone to mine Pi coins on their mobile devices without negatively impacting their battery.
Basically you mine on your phone. Here is where it's gets interesting. It's now trading at roughly $76 per coin. However per PI official Twitter, the coin is not yet available as it hasbe been main netted.
Twitter link
Anyone have an idea what's going on?
Launched on Pi Day, March 14, 2019, Pi Network is a mobile blockchain mining project on a mission to give everyone access to the crypto revolution. This is accomplished by allowing anyone to mine Pi coins on their mobile devices without negatively impacting their battery.
Basically you mine on your phone. Here is where it's gets interesting. It's now trading at roughly $76 per coin. However per PI official Twitter, the coin is not yet available as it hasbe been main netted.
Twitter link
Anyone have an idea what's going on?
6
Posted on 1/23/23 at 1:09 pm to Lucky_Stryke
I’m unfamiliar with pi but I was told here that all the boomer chads invest in daos
Posted on 1/23/23 at 1:10 pm to Lucky_Stryke
quote:I’d honestly be surprised if anything came from this at all. They could just collecting everyone’s data on the app. That said I do still have some coins that I’ll keep just in case I’m wrong
Anyone have an idea what's going on?
Posted on 1/23/23 at 1:13 pm to saderade
It's on crypto.com as well as bit mart trading. I have close to 1k I had forgotten about. At current rate that 76k lol. But the Twitter post as well on the chat support in all saying that it currently isn't available to buy or trade but mine only? Very strange. I read something about the PI that is being traded isn't real PI and something IOU.
Posted on 1/23/23 at 1:24 pm to Lucky_Stryke
quote:
It's now trading at roughly $76 per coin.
Come again? If that's the case, I'm about to go shite on my boss's desk, which is actually my desk. I'm pretty sure it's like $0.0001.
Posted on 1/23/23 at 1:26 pm to Lucky_Stryke
I have 15 apparently. How do we sell them?
Posted on 1/23/23 at 1:29 pm to BottomlandBrew
Posted on 1/23/23 at 2:14 pm to Lucky_Stryke
I have 6000 tokens. How do I sell them for $75 each then pay the house off?
Posted on 1/23/23 at 2:19 pm to tenderfoot tigah
That's the trick. You have to set everything up. Some parts are invite randomly like to do the kyc thing. Set up wallet and etc. I'm not sure what all it is as I'm awaiting my kyc invites to set it up. Then I'm not sure what all the deal is
Posted on 1/23/23 at 2:39 pm to Lucky_Stryke
But moreso is the Twitter link in first post states from PI themselves that these are unauthorized and aren't real tokens so I don't really know what's going on. Even in Thier general chat through the app a mod stated tokens have no monetary value and are not on any trading markets. Transferring any tokens is a scam
Posted on 1/23/23 at 9:16 pm to Lucky_Stryke
Peculiar but curious to see more takes. Any chance of liquidity?
Posted on 1/23/23 at 9:30 pm to Lucky_Stryke
The price is irrelevant because someone actually needs to put money in to buy your coin.
Just another scam coin worth zero.
Just another scam coin worth zero.
Posted on 1/23/23 at 10:32 pm to Lucky_Stryke
quote:
But the Twitter post as well on the chat support in all saying that it currently isn't available to buy or trade but mine only? Very strange. I read something about the PI that is being traded isn't real PI and something IOU.
This sounds eerily similar to things going around right before icp launched.
It worked out for icp folks.
Posted on 1/24/23 at 7:15 am to TSLG
PI is not on the open market, so the price you are seeing has not actually been traded, it is more of a FUTURE valuation.
Posted on 1/24/23 at 8:50 am to Lucky_Stryke
Yeah I have 1000 of those bad boys. If someone knows how to cash out the fake coins let me know lol
Posted on 1/24/23 at 11:32 am to freeagent
Be very careful guys. If you are interacting with this token via web like metamask ETC, they get you by you trying to approve a contract to "sell" and your wallet can get drained of "real" coins.
If it not on exchange then it must be on some defi/liquidity platform.
If this is the case, you can easily see if there is a liquidity pool.
I have countless shite airdropped coins in my wallet that wills show some "value" but its actually ZERO because its a liquidity scam.
People make scam coins all the time that mirror "real" projects to get people.
You can use places like Bogswap to checkout all your shite airdropped coins and research pools, wallets etc.
Just be smart.
If it not on exchange then it must be on some defi/liquidity platform.
If this is the case, you can easily see if there is a liquidity pool.
I have countless shite airdropped coins in my wallet that wills show some "value" but its actually ZERO because its a liquidity scam.
People make scam coins all the time that mirror "real" projects to get people.
You can use places like Bogswap to checkout all your shite airdropped coins and research pools, wallets etc.
Just be smart.
This post was edited on 1/24/23 at 11:35 am
Posted on 1/24/23 at 2:23 pm to Lucky_Stryke
Wow - I downloaded the PI app 5 years ago and forgot all about it. Downloaded again and it restored my wallet. I've got 800 pi
This post was edited on 1/24/23 at 2:39 pm
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