After OKX introduced it will 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 submit has rejected the thought 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 thought, calling it ridiculous. He additionally shared that in his time buying and selling foreign exchange, he ceaselessly 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.”
Nevertheless, customers have expressed considerations about attainable buying and selling dangers. One person expressed shock on the itemizing, suggesting it’d sign a shift in direction of a extra centralized mannequin. He describes the Pi Community as a “zero-cost mining venture” the place customers can mine crypto on their telephones with minimal obstacles. The person additionally raised considerations concerning the Pi Community’s referral system, suggesting it may resemble a pyramid scheme.
Nevertheless, the protocol acknowledged that Pi goals to be a protected web3 house the place Pioneers can join with the Pi they maintain. Nevertheless, the X person claimed that Chinese language merchants have struggled with KYC verification on account of restricted slots or system points, and even when they begin now, they might not be accepted in time for the token’s itemizing.
