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Onram.money Joins Pi Network KYB: What This Means for Easier Pi Coin Purchases and Key Considerations

Pi Network has grown into a project with tens of millions of users worldwide, striving to realize its grand vision of “cryptocurrency for everyone.” Indispensable to this vision is the KYB (Know Your Business/Customer) process, which ensures user trustworthiness and network health. Pi Network is currently in its “Enclosed Mainnet” phase, and its evolution is constantly watched.

Amidst this, there has been a recent development in Pi Network’s KYB section. Information has circulated within the community that new crypto on-ramp/off-ramp services, “Onram.money” and “Onramper,” have been added.

What impact will this development have on the future of Pi Network? And what possibilities will it open up regarding the “purchase” of Pi Coin, which many Pioneers have been interested in? This article objectively delves into the significance of Onram.money’s addition to the Pi Network ecosystem and important precautions Pioneers should be aware of.

Introduction: Pi Network’s Current State and the Importance of KYB

The grand vision of Pi Network is to create “cryptocurrency for everyone.” To achieve this, the KYB (Know Your Business/Customer) process, which ensures user trustworthiness and network health, is indispensable. This article focuses on a recent addition to the KYB section, Onram.money, and thoroughly explores its potential impact on the Pi Network ecosystem.

Pi Network’s Vision: It aims to build a fairer and more accessible cryptocurrency ecosystem, replacing centralized financial systems. Its ease of mining via smartphones has attracted many new users.
The Role of KYB (Know Your Business/Customer): This refers to identity verification for businesses and customers, essentially the same process traditional financial institutions use to prevent fraud and money laundering. In Pi Network, KYB plays a central role in ensuring ecosystem trustworthiness and security by verifying that real humans participate in the network and eliminating bots or fraudulent accounts. This maintains a healthy transaction environment and provides a foundation for a smooth transition to the future open mainnet.
Expectations for Mainnet Transition and Liquidity: Pi Network is currently in the “Enclosed Mainnet” phase, where the value of Pi is said to arise only from exchange for goods and services within the Pi ecosystem. During this phase, utility building within the ecosystem and community expansion are progressing. The addition of Onram.money/Onramper is noted as part of infrastructure development aimed at improving liquidity and preparing for a future open mainnet.

New Development in Pi Network’s KYB Section: The Emergence of Onram.money and Onramper

Pi Network’s KYB (Know Your Business/Customer) plays a central role in enhancing community safety and trustworthiness. Recently, two new services, Onram.money and Onramper, have been confirmed as added to this crucial section. Let’s explore what these services are and why they have been integrated into Pi Network now.

Previously, Pi Network’s KYB section displayed existing crypto asset services like Banxa and Simplex as partners, serving as gateways for users to access Pi with fiat currency. However, with this update, Onram.money and Onramper have been added as options.

These services are generally platforms that provide “on-ramp” functionality. An on-ramp refers to a service that acts as an “on-ramp to a highway,” allowing users to purchase crypto assets using fiat currency (e.g., Japanese Yen or US Dollars). Conversely, a service that exchanges crypto assets for fiat currency is called an “off-ramp.”

The intention behind Onram.money and Onramper appearing in Pi Network’s KYB section is believed to be part of infrastructure development, enabling Pi Network Pioneers (users) to access Pi Coin more easily and use it within the ecosystem in the future.

What is Onram.money? Its Functions and Impact on Pi Network Users

Onram.money, newly added to Pi Network’s KYB section, is a platform that provides crucial “on-ramp” functionality, connecting the world of crypto assets with the world of fiat currency. This section will delve into Onram.money’s specific functions, particularly its relevance to Pi Coin, and how it may impact Pi Network users.

Onram.money Overview and Key Functions

Onram.money is a platform that primarily offers “Buy and Sell and Swap Crypto” functionalities. It supports the trading of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). A key feature is its ability to allow users to utilize various familiar payment methods.

Important Considerations Regarding Pi Coin “Purchase” Possibilities

Source information suggests the possibility of selecting “P” (presumably referring to Pi) on the Onram.money website and purchasing Pi Coin through local E-wallets (Shopee Pay, GoPay, Dana, etc.), QRIS, or bank transfers. This appears to be a groundbreaking solution, especially for Indonesian Pioneers, allowing access to Pi Coin without needing stablecoins like USDT.

However, here is the most critical point to note:

Pi Network is currently in the “Enclosed Mainnet” phase, and it is officially restricted from being listed on external exchanges or directly exchanged with fiat currency. The official value exchange of Pi is currently only possible through the exchange of goods and services within the Pi ecosystem.

Whether the “Pi” offered on Onram.money refers to Pi Network’s Mainnet Pi, Testnet Pi, or unofficial transactions anticipating the future Open Mainnet (e.g., something like an IOU or a service brokering P2P transactions) is uncertain information unless there is a clear statement from Pi Network official sources.

If Pi Network’s Mainnet Pi could be purchased with fiat currency on Onram.money, it could potentially contradict Pi Network’s current Mainnet policy, and the legality and safety of such transactions might not be guaranteed. Users are strongly advised to thoroughly review official Pi Network announcements and the terms and conditions of the platforms they use, acting at their own discretion and responsibility.

Supported Payment Methods and Fees

Onram.money supports a variety of payment methods. According to source information, the following methods are indicated, especially in Indonesia:

E-wallet: Dana, GoPay, Shopee Pay, etc.
QRIS: Indonesia’s unified QR code payment system, supporting multiple payment apps.
Bank Transfer

Fees for purchasing Pi Coin are also mentioned (e.g., for a 10,000 Rupiah purchase):

Gas fee: 300 Rupiah
Blockchain fee: 174 Rupiah (equivalent to 0.02 Pi)
Payment Gateway fee: 5,000 Rupiah

It’s important to note that these fees are Onram.money’s service fees and are not directly charged by Pi Network itself.

Global Expansion and Partnerships

Onram.money is stated to be available in over 60 countries and supports more than 400 tokens. It also emphasizes partnerships with major cryptocurrency exchanges, wallets, and projects, including:

Binance
MetaMask
Bybit
Coinbase
Circle
And others like BingX, Bookoin

These partnerships suggest that Onram.money is a platform with a certain level of trust and track record in the crypto industry.

Implications for the Pi Network Ecosystem and Future Outlook

Onram.money’s integration suggests Pi Network’s intention to improve user accessibility as it moves towards the Open Mainnet. We will consider what implications this development has for the entire Pi Network ecosystem and how it connects to future prospects.

Possibilities for Pi Network

Improved Accessibility: If Onram.money were to handle Pi Network’s Mainnet Pi safely and legally, many Pioneers might be able to easily purchase Pi Coin with fiat currency. Especially by supporting region-specific payment methods, Pi Network could potentially expand to layers that were previously difficult to access.
Promoting Ecosystem Participation: Easier Pi Coin purchases could vitalize participation in DApps (decentralized applications) within the Pi app and services within the Pi ecosystem, potentially increasing Pi Coin’s utility.
Infrastructure Development for Future Open Mainnet: A fiat gateway is essential when Pi Network transitions to an Open Mainnet. The integration of services like Onram.money can be seen as a preparatory stage for this.

Challenges to Overcome and Precautions

While expectations are high, there are also challenges to overcome and precautions to consider.

Securing Official Pi Coin Liquidity: As mentioned, Pi Network is still in the Enclosed Mainnet phase, and official exchange listings or direct fiat currency exchanges for Pi Coin are restricted. If “Pi Coin purchase” on Onram.money indeed refers to Mainnet Pi, it must align with Pi Network’s official movements. A clear announcement from the Pi Core Team is awaited on this matter.
Regulatory Compliance: Regulatory frameworks for crypto assets are evolving worldwide. If a service like Onram.money partners with Pi Network to enable fiat currency exchange, compliance with each country’s regulations is crucial.
User Understanding and Literacy Improvement: When new technologies and services are introduced, it is essential for users to correctly understand their mechanisms and risks. Especially in crypto asset transactions, it is necessary to always verify official information sources and make calm judgments to avoid being misled by scams or misinformation.

Integrating external services like Onram.money has the potential to accelerate Pi Network’s development towards realizing its vision. However, this process should proceed cautiously and transparently.

Summary: Pi Network’s Evolution and What You Need to Know

The addition of Onram.money to Pi Network’s KYB section holds the potential to signify a major step towards improved Pi Coin accessibility. Onram.money’s fiat on-ramp functionality and diverse payment methods have the potential to lower the barrier to entry for crypto assets, especially for users in emerging countries.

However, it is crucial to correctly understand the true significance of this development and maintain a calm perspective without excessive expectations. Specifically, it must not be forgotten that Pi Network is currently in the “Enclosed Mainnet” phase, and it is officially restricted from being listed on external exchanges or directly exchanged with fiat currency. Regarding how the suggested “Pi Coin purchase” on Onram.money aligns with the current rules of Pi Network, continued attention to official announcements from the Pi Core Team is necessary.

Pi Network continues to steadily build its ecosystem to realize its vision. Partnerships like Onram.money hold the potential to be a crucial part of this process, but understanding based on accurate information and cautious judgment at your own responsibility are always required.

While anticipating Pi Network’s further development, always check official information and strive for safe and knowledge-based actions.

Next Steps: Deep Dive into Pi Network Information

Staying updated on Pi Network’s latest developments and official announcements is essential for understanding its progress. Let’s delve deeper into knowledge and observe Pi Network’s evolution using the following methods:

Regularly check the Pi Network official website and in-app announcements: These are the most reliable sources of information. Important updates will be announced here.
Acquire basic knowledge of cryptocurrency and blockchain: To deeply understand Pi Network, fundamental knowledge such as crypto on-ramp/off-ramp, P2P transactions, and blockchain mechanisms will be helpful. Utilize reliable learning resources.
Caution: Always be vigilant against Pi Network-related scams and misinformation, and be careful not to easily share personal information or wallet passphrases.

We hope this information helps you understand the current state and future of Pi Network. The Pi Network journey has just begun. Let’s observe its evolution with a calm and informed perspective.

Will Pi Network’s Future Change? A Detailed Explanation of the Impact of Banxa’s KYB Approval!

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New Developments in Pi Network! What Does Banxa’s KYB Approval Mean?

The cryptocurrency project “Pi Network,” which has attracted attention for allowing mining on smartphones. Recently, there has been a significant development within the Pi Network ecosystem. “Banxa,” a company providing cryptocurrency payment services, has passed Pi Network’s KYB (Know Your Business) verification.

Many of you may have wondered, “What kind of company is Banxa?”, “What changes with KYB approval?”, or “Can it be used in Japan?”. This article will explain in an easy-to-understand way about the company Banxa, how this KYB approval will affect Pi Network users and the entire ecosystem, and also whether users in Japan can use it.

What Kind of Company is Banxa? A Bridge Between Fiat Currency and Cryptocurrency

Banxa Holdings Inc. is a fintech company that provides infrastructure for smooth exchange between fiat currencies (such as Yen and Dollars) and cryptocurrencies (such as Bitcoin and Ethereum).

Banxa Company Overview

Item	Details
Year Established	2014
Headquarters Location	Melbourne, Australia
Main Business	Provision of Cryptocurrency Payment Infrastructure (Web3 On/Off Ramps)
Service Details	Brokerage for Buying/Selling Cryptocurrency/NFTs with Fiat Currency
Business Expansion Regions	Global (North America, Europe, etc.)
Listed Markets	TSXV (Canada), OTCQX (USA), FSE (Germany)
Relationship with Pi Network	Official Partner who has passed KYB (Know Your Business) verification

The Importance of “KYB Verification” in Pi Network

KYB (Know Your Business) is like the corporate version of identity verification (KYC: Know Your Customer). It is a process where Pi Network reviews and verifies whether companies it partners with are real, legally operating, etc.

Pi Network emphasizes KYB for the purpose of improving ecosystem safety, ensuring overall project reliability, and future mainstreaming (penetration into society). KYB is an essential step in eliminating fraudulent companies and building a foundation for regulatory compliance.

Specific Impacts Brought by Banxa’s KYB Approval

So, what specific changes can be expected now that Banxa has passed Pi Network’s KYB verification? Here are the main impacts summarized by target.

Impacts of KYB Approval

Target	Expected Benefits/Impacts
Pi Network Users	Possibility of Safe and Legal Pi Purchase Methods: Opens the way to purchase Pi with fiat currency (e.g., USD) via a trusted platform. (Availability depends on Banxa’s supported countries and currencies) Improved Convenience:* If purchases with credit cards etc. become possible, access will be easier.
Pi Network Ecosystem	Increased Reliability and Security: Collaboration with verified companies enhances the overall safety of the ecosystem. Promotion of Global Adoption: Potential expansion of regions where Pi can be used through Banxa’s network. Progress Towards Mainstreaming: Collaboration with regulatory-compliant companies is a step towards greater social acceptance.
Banxa (Company)	New Business Opportunities: Access to Pi Network’s massive user base.

Can Japanese Users Use It? Current Situation and Points to Note

While we have discussed the benefits of Banxa’s KYB approval so far, it is considered unlikely that Japanese users can purchase Pi using Japanese Yen or other currencies through Banxa at this time (May 2025).

The main reasons are as follows:

Japanese Regulations: To provide services for buying and selling crypto assets (virtual currency) using fiat currency in Japan, registration as a “Crypto Asset Exchange Service Provider” with the Financial Services Agency is mandatory. There is currently no information indicating that Banxa has completed this registration.
Banxa’s Japan Support: It is currently unclear whether Banxa has officially launched services for the Japanese market.

In conclusion, for Japanese users to be able to trade Pi through Banxa’s services, the conditions for Banxa to obtain approval from Japanese regulatory authorities (Financial Services Agency) must be met. Until then, please wait for official announcements from the official sources. Be very careful with unofficial information or services.

Summary: A Step Towards Pioneering the Future of Pi Network, But Understanding the Current Situation is Also Important

Banxa’s KYB verification approval in Pi Network is bright news indicating the project’s future potential. It raises expectations for a safer and more convenient user environment for users, and for increased reliability and accelerated global adoption for Pi Network.

However, it is important to understand that, especially for Japanese users, it is not immediately available. Based on regulations and project progress, let’s calmly observe future developments.

MiCA License Acquisition and Pi Network: Why OKX is Transforming the Crypto Market

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As a significant development in the cryptocurrency market, OKX obtained the MiCA (Markets in Crypto-Assets) license on January 27, 2025. This license allows OKX to operate safely and in compliance with regulations in 30 countries within the European Economic Area (EEA), enabling it to provide services under a unified regulatory framework.

What is the MiCA License?

MiCA is a comprehensive regulation for the cryptocurrency market established by the EU. This regulation aims to clarify rules regarding the issuance, trading, and custody of crypto assets, enhancing market transparency and reliability. It also introduces a mechanism utilizing “passporting rights,” allowing companies licensed in one EU member state to operate in other countries without additional approval.

Importance of KYB (Know Your Business)

KYB stands for “Know Your Business” and is a process to verify the legitimacy and transparency of businesses. This is required as part of the MiCA regulation and contributes to preventing fraudulent activities and money laundering. The KYB process involves detailed verification of company information and business activities, contributing to the overall reliability of the market.

Pi Network’s KYC and KYB: The Full Picture of the Authentication Process Supporting the Cryptocurrency Ecosystem

OKX and Pi Network Collaboration

Pi Network’s native token ‘PI’ will be listed on OKX’s spot trading market on February 20, 2025, at 8:00 AM UTC (5:00 PM Japan time). Prior to this, users will be able to deposit PI tokens starting from February 12, 2025, at 2:45 AM UTC (11:45 AM Japan time), and withdrawals will commence from February 21, 2025, at 8:00 AM UTC (5:00 PM Japan time). This listing is a significant step demonstrating Pi Network’s regulatory compliance.

Enhanced Reliability through MiCA and KYB

With OKX obtaining the MiCA license and Pi Network passing the required KYB process, market access for PI tokens will expand. Furthermore, this initiative strengthens user protection and contributes to enhancing the overall reliability of the cryptocurrency market.

Impact on the Japanese Market

Interest in the cryptocurrency market is growing in Japan, and the increased reliability of OKX due to obtaining the MiCA license may provide a sense of security to Japanese investors. Especially given the strict cryptocurrency regulations already in effect in Japan, the MiCA license, which demonstrates international regulatory compliance, will serve as a testament to the trustworthiness for Japanese users utilizing OKX’s services.

Conclusion

OKX’s acquisition of the MiCA license and its collaboration with Pi Network set a new standard in the cryptocurrency market. This will enhance overall market transparency and reliability and potentially have a positive impact on the Japanese market. Let’s continue to monitor these developments.

Pi Network KYC and KYB: Comprehensive Overview of the Authentication Process Supporting the Crypto Ecosystem

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As the cryptocurrency market rapidly evolves, KYC (Know Your Customer) and KYB (Know Your Business) processes are becoming increasingly important to ensure the reliability of users and businesses. This article provides a detailed explanation of the mechanisms and significance of these authentication processes within the Pi Network, and their impact on the ecosystem.

What are KYC and KYB?

KYC stands for “Know Your Customer” and is a process to verify that a user is a real person. On the other hand, KYB stands for “Know Your Business” and verifies that a company or store is a legitimate business entity. These are standard procedures widely adopted in the financial industry and cryptocurrency platforms.

A KYB application page is available, but applications cannot be submitted.
It is believed that the exchange scheduled to be listed on the 20th has submitted this application.
https://minepi.com/kyb-business-pi/

Role of KYC

In the Pi Network, KYC plays the following roles:

Prevention of Fraudulent Activities: Prevents fraudulent use through multiple accounts and bots.
Regulatory Compliance: Complies with global financial regulations and prevents money laundering and terrorist financing.
Enhanced Trust: Ensures transparency and trust among users.

Role of KYB

KYB focuses particularly on business registration and has the following effects:

Contribution to Local Economy: Supports local shops and small businesses in utilizing Pi Coin.
Improved Transaction Safety: Only verified businesses can transact within the network, building a safe ecosystem.
Reduced Regulatory Risk: Ensures long-term reliability by meeting legal requirements.

Benefits of KYC/KYB for the Pi Network

KYC and KYB bring significant benefits to the entire Pi Network ecosystem. The main points are listed below:

1. Building Trust Between Users and Businesses

The KYC/KYB process ensures transparency between users and businesses. This significantly reduces the risk of fraud and illicit transactions.

2. Preparation for Open Network Migration

In the Open Network migration scheduled for February 20, 2025, only KYC/KYB verified users will have access to full functionality. This migration is a crucial step that enables connection with external blockchains and real-world transaction usage.

3. Revitalization of Local Economy

KYB verified businesses can accept Pi Coin within their local communities. This is expected to lead to attracting new customer segments and increasing sales.

Challenges and Solutions of the KYC/KYB Process

While KYC/KYB has many advantages, it also presents the following challenges:

Authentication Delays: Delays may occur due to processing a large volume of applications. To address this, acceleration using AI technology and third-party services is underway. Some people have been waiting for KYC for years.
Data Privacy: There are concerns about personal information protection. Pi Network enhances data protection using encryption technology.

Benefits After Completing KYC/KYB

After completing KYC/KYB, users and businesses gain the following advantages:

Full Access Rights: KYC completed users have access to all features, including Pi Coin transactions and service usage.
Account Protection: Account recovery becomes easier with KYC information.
Legal Safety: KYB verified businesses are protected from legal risks.

Summary: Future Outlook

KYC and KYB are crucial pillars supporting the growth and safety of the entire Pi Network ecosystem. Their importance will further increase, especially after the Open Network migration. It is expected that these processes will continue to be utilized to build a safe and reliable cryptocurrency environment.

*Note: This article is for informational purposes only and does not constitute investment advice. Please conduct sufficient research and make your own judgment.

Pi Network Shaken by KYB Implementation: Impact of Bybit CEO’s Remarks on Investors

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In the world of cryptocurrency, new projects are constantly attracting attention. Among them, “Pi Network” is particularly a hot topic. This project aims to enable mobile-based cryptocurrency mining and has gathered many supporters. However, on the other hand, there are not a few voices raising doubts about its legitimacy and long-term sustainability.

Bybit CEO’s Remarks Spark Debate

Recently, Bybit CEO Ben Zhou shared his thoughts on the Pi Network on social media, causing a stir. Zhou stated that he would “keep his distance from this project” and cited his past experience in FX trading as the reason for refusing to participate. This statement sparked mixed reactions within the cryptocurrency community and raised new questions about the reliability of the Pi Network.

Major Exchanges Plan to List Pi Coin

Despite these concerns, major cryptocurrency exchanges such as OKX, Bitget, and MEXC have announced plans to list the Pi Network’s token, “Pi Coin,” on February 20, 2024. Meanwhile, Bybit has not issued an official statement at this time, and based on Zhou’s remarks, the possibility of listing is considered low.

Bybit’s Pi Network Listing Rejection and the Impact of KYB

The Pi Network is attracting attention in the cryptocurrency market, but Bybit CEO Ben Zhou’s refusal to list its token, “Pi Coin,” has sparked significant debate. This decision is based on concerns about the project’s legitimacy and business model, as well as Zhou’s own past experiences. Furthermore, the KYB (Know Your Business) protocol adopted by the Pi Network adds a new perspective to this discussion.

Reasons Why Bybit CEO Rejected the Listing

Zhou publicly rejected the request to list Pi Coin, stating that he would “keep his distance from this project.” The background to this is said to be his past experience facing protests and refund requests from investors in FX trading. Furthermore, Zhou is skeptical about the Pi Network’s business model, and some criticize the project as being closer to multi-level marketing (MLM) than blockchain technology.

While Bybit shows a cautious stance, other major exchanges such as OKX and MEXC have announced plans to list Pi Coin. However, these listing plans do not dispel doubts about the project’s transparency and long-term viability.

Such a meme has also been created.

This image is a meme based on a famous scene from the movie “Captain America: The Winter Soldier,” satirically depicting the relationship between cryptocurrency exchange Bybit and Pi Network.

Points of Humor

1. Change in Exchange’s Attitude

In the first panel, Bybit says, “I want to list PI.”

However, the Pi Network side asks, “Do you have Mica certificate? Do you have KYB?”

Then, Bybit suddenly says, “Pi is a ‘Pyramid Scheme Scam’,” and its attitude changes abruptly.

2. Violent Confrontation in the Final Panel

Bybit’s Captain America is being attacked by the Pi Network.

This expresses how the Pi community strongly reacts against Bybit’s statements and actions.

Underlying Meaning

Exchanges like Bybit hope to list Pi Network, but the Pi side is confirming whether regulatory requirements are met.

When regulation is mentioned, Bybit changes its attitude and labels Pi as a scam.

However, the Pi community rebels against this and fiercely opposes it.

This meme can be said to express the strong unity of the Pi community and criticize the contradictory attitude of cryptocurrency exchanges from the perspective of Pi Network supporters.

What is KYB (Know Your Business)?

In addition to KYC (Know Your Customer) authentication for individual users, the Pi Network has introduced the KYB (Know Your Business) protocol for businesses operating within the ecosystem. This KYB aims to ensure that businesses meet regulatory standards and maintain transparency. However, this centralized approach is criticized by some as contradicting the decentralized philosophy of blockchain technology.

Key features of KYB include:

Businesses must complete the authentication process to participate in mainnet activities.
Only authenticated businesses will be listed on the open mainnet.
To build a secure Web3 environment, the system allows only authenticated businesses and users to interact.

However, some concerns have also been raised that these measures undermine the decentralized philosophy and that user assets (Pi tokens) could be frozen if KYC or KYB authentication is revoked.

Impact on Community and Investors

Regarding Bybit’s listing rejection and the introduction of KYB, opinions are divided within the cryptocurrency community:

Voices praising Zhou’s cautious stance and evaluating it as a measure against the fraud risks specific to this industry.
Voices criticizing Zhou’s remarks as “FUD (Fear, Uncertainty, Doubt)” and arguing that the Pi Network’s unique model promotes innovation.

Regarding the introduction of KYB, there are opinions that consider it essential for achieving regulatory compliance and opinions that view it as a betrayal of decentralized technology. Particularly in the Japanese market, the balance between regulatory compliance and innovation is emphasized, and in this regard, the Pi Network can be said to be facing challenges.

Conclusion

Bybit’s rejection of the Pi Coin listing highlighted widespread concerns about its legitimacy and market readiness. Meanwhile, while the KYB protocol aims to improve security and compliance within the ecosystem, its centralized nature also faces criticism. How the Pi Network, with its open mainnet launch scheduled for February 20, 2024, will address these challenges, and the outcome of that, will significantly influence its future success and trustworthiness.

Expectations and Concerns Regarding Market Performance

If Pi Coin is listed on major exchanges, significant trading volume is expected. However, market performance depends on multiple factors, including user adoption rate and overall market sentiment. Some analysts predict a bullish start, while others warn about the possibility of a “pump and dump.”

Impact on Community and Investors

The Pi Network already has millions of users, and its support base is very strong. However, criticism from influential figures like Zhou could affect its credibility and market valuation. Ultimately, it will likely be a typical case of high risk, high reward.

Conclusion and Future Outlook

The Pi Network has attracted significant attention due to its innovation and accessibility. However, its success comes with many challenges. As an investor, it is important to conduct sufficient research and carefully evaluate the risks and returns.