Major Warnings Issued by the Pi Network Team: Details

TL;DR

• Pi Network advised users to rely on official channels and use only the authentic Pi Wallet in the Pi Browser.
• With 14 million users verified and only 1 million left, Pi Network aims to launch its open network by December 31. However, delays and skepticism around the project continue to spark controversy.

‘Stay Safe,’ Pi Network Users

The team behind the controversial cryptocurrency project Pi Network recently issued two important alerts for its users. First, the developers warned “pioneers” to rely only on information provided by official channels. They also provided a dedicated safety page showing all the sources and URL links the community can refer to. 

Shortly after, Pi Network reminded people to use only their Pi Wallets in the designated Pi Browser. “Ensure you’re in the correct Pi Wallet, not any fake one, to safeguard your Pi. The authentic Pi Wallet is also visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo featuring the Core Team apps logo,” the warning reads.

Alerts of that type are essential for projects with a vast community base and, for that reason, are often targeted by scammers. Pi Network has amassed millions of users over the past few years, while its application recently hit the milestone of 100 million downloads.

The project has a solid presence in Asia, with China, South Korea, Japan, Malaysia, Vietnam, India, Singapore, and more turning into strongholds.

Not long ago, Wu Blockchain revealed that the number of Pi Network’s users in South Korea has reached 1.34 million. The only two local crypto-related entities having more users are the popular exchanges Upbit (4.36 million) and Bithumb (2.24 million). Moreover, the figure outnumbers the domestic client base of leading crypto exchanges like Binance and Coinbase.

Major Developments on the Horizon?

Despite becoming quite popular and being around for over five years, Pi Network has yet to launch its native token and mainnet. This, combined with the numerous delays and broken promises, has caused some to label the project a scam, claiming such huge developments will never see the light of day.

For its part, Pi Network’s team previously said it will launch its open network once 15 million users complete the necessary verifications. Not long ago, Pi News revealed that 14 million people have already complied with the rules, with only one million left to do so. The final deadline is December 31 (a date moved numerous times in the last few months).

Additionally, the Pi Core Team promised to announce the mainnet open roadmap in December, which should provide more clarity on when users will be able to buy and sell Pi tokens.

It remains to be seen whether the final weeks of 2024 will bring significant developments or if the pessimists will turn right.