After OKX introduced it might checklist the controversial PI token, linked to pyramid scheme considerations in China, Bybit CEO has declined to checklist it. In the meantime, Bitget eliminated details about the token after initially asserting its launch.
ByBit CEO Ben Zhou in an X put up has rejected the concept of becoming a member of the PiCoreTeam community, saying, “I’ll maintain my distance.”
https://twitter.com/benbybit/standing/1889654348239503540
He shared that lately he was requested to affix “Pi,” however rejected the concept, calling it ridiculous. He additionally shared that in his time buying and selling foreign exchange, he continuously handled folks asking for refunds or returns of his cash. “I actually don’t need to get entangled within the cryptocurrency world… Avoid it,” he shared.
The Pi Community’s mainnet will launch on Feb. 20, 2025, at 8:00 UTC, transitioning into what it calls the “Open Community interval of Mainnet.”
Nonetheless, customers have expressed considerations about doable buying and selling dangers. One consumer expressed shock on the itemizing, suggesting it would sign a shift in the direction of a extra centralized mannequin. He describes the Pi Community as a “zero-cost mining mission” the place customers can mine crypto on their telephones with minimal boundaries. The consumer additionally raised considerations in regards to the Pi Community’s referral system, suggesting it might resemble a pyramid scheme.
Nonetheless, the protocol said that Pi goals to be a protected web3 area the place Pioneers can join with the Pi they maintain. Nonetheless, the X consumer claimed that Chinese language merchants have struggled with KYC verification attributable to restricted slots or system points, and even when they begin now, they is probably not permitted in time for the token’s itemizing.
