PAY ATTENTION: What You Should Know About Pi Network (@PiCoreTeam)

100 billion Pi will ever exist. Pi currently has 7.1 billion Circulating Supply, and 11 billion Total Supply.

100b - 11b = 89b

The Pi team holds 89b Pi.

Things to Note:

1. Pi is not mined like Bitcoin, meaning coins are not discovered in a bloc by solving a mathematical problem. All Pi coins are pre-minted and stored in a wallet controlled by the Core team

2. Pi has not undergone any auditing. No such information is publicly available. In fact, the Pi Core team has been hostile towards outside scrutiny and questioning.

3. Pi is extremely centralised.

THE DANGERS:

It is dangerous for a project team to have so much control over investors' funds by holding that amount of the coins. What if they decide to pull a Terra Luna Heist?

If the Pi Core team sells off the 89b Pi they hold, the entire project crashes; if they get hacked, the entire project crashes; if a team member does anything dubious, the entire project crashes.

Also, Pi cannot be listed by any reputable Exchange like tier 1 exchanges such as Binance, Bybit, Kraken, and Coinbase or earn a partnership with any reputable organisations because of its centralised nature and investors' security concerns.

CONCLUSION:

This doesn't mean Pi can't eventually work on those hurdles and become successful long-term. They could have a roadmap and will open up to the outside world over time, and be more transparent.

I'm just putting things into perspective so investors know what they will be dealing with before they decide to invest in Pi.

This is the state of Pi Network right now, tomorrow things could change. But stay SAFU. Pi is a high risk asset to bet your money on right now and you should DYOR and stay informed before committing your money to any Crypto project.

One love!