The Pi Coin Is a Huge Scam. Avoid It.

I remember Pi Coin very well. A few years ago, I came across the app on my phone. I tried it out, only to learn about it’s true intentions. The coin and Pi Network is a complete scam, and people should avoid it.

In 2024, a Binance user also questioned the Pi coin. They stated the coin will never have any real value, and the network collects way too much information. This includes phone numbers, full names, and more. Alongside this, the app is riddled with advertisements. The founders promised a free crypto, but this is definitely not true.

This could also be an exit-scam, where creators build up hype and then exit with all the money. This has been happening alot lately, with creators such as Hayley Welch and even Donald Trump’s rugpull with Trumpcoin.

Alongside this, the application works as a affiliate marking scheme, where rewards are given to users who generate traffic. This is very similar to mult-level marketing, or a “pyramid scheme” where only the richers benefit from everything.

Not only this, but the network seems to be using fake users. They say they have 60 milion users, however the wallets don’t add up.

I’m honestly very concerned that people still keep falling for the same thing over and over again.