Pi Community is without doubt one of the hottest cryptocurrency tasks, inflicting each controversy and plentiful discussions on-line. Having launched their mainnet not that way back, the workforce defied among the adverse expectations and their token is at present solidly within the prime 100 cash by the use of complete market capitalization.
But, many stay skeptical. Within the following, we study among the most up-to-date developments, updates, information, and commentary by influential trade individuals concerning Pi Community.
Pi Community Information: Pushing Again Towards Controversy
Again in February, earlier than the mainnet of Pi Community went dwell, the CEO of one of many largest cryptocurrency exchanges – Bybit – Ben Zhou, mentioned in an X publish that the venture is a rip-off, citing police stories from 2023 issued by Chinese language police authorities describing it as such. He additional defined that the alternate wouldn’t listing its native token – the Pi coin.
Now, based on a current report by The Defiant, a spokesperson from Pi Community disclaimed these allegations and mentioned that it lacks any of the hallmarks of a multi-level advertising (a.okay.a pyrmaid) scheme. Apparently, reasonably than having a number of ranges in its referral program, Pi Community solely has one:
“If Particular person A refers Particular person B, and Particular person B then refers Particular person C, Particular person A and Particular person C don’t have any relationship and don’t obtain any mining bonus because of them being referred in,” the spokesperson mentioned.
Pi Coin Value Tanks 22% Weekly
Pi coin’s value has decreased by a considerabl 22.5% for the previous two weeks and is at present buying and selling under $0.8%, charting an additional 6% decline within the final 24 hours.
There appears to be no remoted project-related cause for this because the cryptocurrency follows the trajectory of the broader market, which is usually lined in crimson as effectively.
It’s value noting that it’s the wors-performing coin within the prime 100, adopted by Hyperliquid and Kaspa.
Pi Community Updates to Migration and Account Verification
Up to now, Pi accounts relied predominantly on telephone numbers for his or her distinctive identification system. Based on the workforce, this has been each costly and unreliable.
Having that in thoughts, the workforce is migrating to a brand new account verification system that may depend on email-based two-factor identification.
There are further particulars that the customers must undergo reminiscent of establishing a trusted e mail.
The publish Pi Community Information At this time: March thirtieth appeared first on CryptoPotato.