Hello! Not sure if many of you here have heard or are aware of the Pi Network. It's a project that aims to create a decentralized cryptocurrency network that can be mined using smartphones though it hasn't launched its mainnet yet.
What are your thoughts on this approach? Do you see potential benefits or drawbacks to delaying the mainnet launch, and how might this impact the network's future adoption and development? Do you think it's even legitimate or would you be just wasting time and space getting this on your mobile device?
Pi network is a scam. They are stealing people's private data through KYC. They claim just a part of your balance is withdrawable but to withdraw it, you need to do KYC. After you give your KYC, when you try to withdraw, you find that the coin can't still be withdrawn.
In other to make people do the KYC, they are trading a fake Pi token on a popular exchange that has nothing to do with this pi. Seeing the large amount of their coins value, people don't realize it's fake and gives their data to the scammers. The pi scammers in return uses this data to do illegal activities and even sell them online.