Important warnings issued by the Pi network team: details

TL;DR

Pi Network advised users to trust official channels and use only genuine Pi Wallet in Pi Browser. With 14 million verified users and only 1 million remaining, Pi Network aims to launch its open network on December 31st. However, delays and skepticism surrounding the project continue to fuel controversy. Pi Network Users “Stay Safe”.

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

Shortly after, Pi Network reminded people to only use their Pi wallets in the designated Pi browser. “Make sure you’re on the correct Pi Wallet, not a fake one, to protect your Pi. The real Pi Wallet is also visually identified by a purple color in the Pi browser navigation bar with a Pi logo with the Core Team apps logo,” the warning reads.

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

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

Not long ago, Wu Blockchain revealed that the number of Pi Network users in South Korea has reached 1.34 million. The only two local crypto-related entities with more users are popular exchanges Upbit (4.36 million) and Bithumb (2.24 million). Additionally, the number outnumbers the domestic customer base of major crypto exchanges such as Binance and Coinbase.

Major developments on the horizon?

Despite being quite popular and existing for over five years, Pi Network has yet to release its native token and mainnet. This, combined with the numerous delays and broken promises, has led some to call the project a scam, claiming that such huge events will never see the light of day.

For its part, the Pi Network 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 recent months).

In addition, the Pi Core Team promised to announce the open mainnet 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 whether the pessimists will turn to the right.

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