“Pi Network,” which allows for easy mining on smartphones, reportedly has tens of millions of users worldwide. Given its massive community, rumors of various related projects constantly surface. Recently, a new airdrop project named “Pi Cake” has gained significant attention.
This project claims that users can “get free tokens just by registering a unique domain name.” But what is its true nature? This article provides an objective and thorough explanation based on fact-checking, covering the overview of Pi Cake, its official relationship with Pi Network, specific participation methods, and most importantly, the risks and precautions.
What is the Trending “Pi Cake”? How to Get Tokens with a Domain Name
First, let’s look at how Pi Cake is introduced as a project and its basic mechanism.
Pi Cake is described as an airdrop where users can participate by registering a unique domain name with a “.cake” suffix (e.g., my-wallet.cake) under their desired name and linking their Pi wallet address to it. Participants are then announced to receive the project’s unique tokens.
The main actions to earn rewards are as follows:
- New Registration: Earn initial tokens by registering a domain name and wallet address.
- Additional Tasks: Earn additional tokens by joining specified social media communities or following and retweeting particular posts.
- Friend Referrals: Earn referral reward tokens by inviting other users through your referral link.
The mechanism itself is a typical form of “airdrop,” a common marketing strategy used by cryptocurrency projects to increase their visibility.
[IMPORTANT] What is the Official Relationship Between Pi Cake and Pi Network? Fact-Checking Reveals…
The most crucial point when deciding whether to participate in this project is its “relationship with the Pi Network itself.” Is Pi Cake an official project operated by the Pi Network team, or an officially approved ecosystem project?
In conclusion, as of the current date (June 2025), there is no confirmed fact that Pi Cake is an official project of Pi Network.
Investigations of Pi Network’s official website, official blog, and X (formerly Twitter) account found no mention of Pi Cake whatsoever. While Pi Network encourages developers to build apps within its ecosystem, there is no information indicating that Pi Cake has been officially certified or introduced as one of them.
Pi Network itself has previously announced an official domain service called “.pi domain,” which is entirely different from “.cake.” This fact strongly suggests that Pi Cake is either an unofficial project by volunteers or an entirely unrelated project attempting to capitalize on Pi Network’s popularity.
How to Participate in the Pi Cake Airdrop (Understand the Risks First)
If you decide to consider participation after understanding the project’s background, here’s how the steps are typically outlined. However, this article does not recommend easy participation.
- Access the alleged official website.
- Enter your desired domain name (alphanumeric) and check its availability.
- Paste your Pi wallet address into the designated field and register.
Here’s a critically important note: While some sources suggest “Pi addresses from exchanges (like OKX) are also possible,” this is misleading. Currently, the Pi traded on exchanges is not genuine Pi issued on the Pi Network mainnet but an alternative token called “IOU (I Owe You: an acknowledgment of debt).” These are not directly related to the Pi Network itself, and wallet specifications also differ. Inputting incorrect addresses or misinformation can lead to the risk of losing assets.
Value of Rewards and Common Risks Hidden in Airdrops
“Getting free tokens” sounds very appealing, but their value is entirely unguaranteed. Here, let’s learn about the risks you should know when dealing with cryptocurrency airdrop projects.
- Uncertainty of Value: Unknown tokens distributed through airdrops have virtually no value until they are listed on a reliable exchange and actively traded. Optimistic claims like “1 Pi = 500 JPY” sometimes circulate, but these are mostly exaggerated advertisements without objective basis, designed to fuel expectations.
- Phishing Scams: These involve cleverly impersonating a project’s official website or wallet app to trick users into entering IDs, passwords, or even wallet secret information, leading to theft.
- Private Key Demands: If any airdrop or project ever asks for your wallet’s “private key” or “seed phrase (recovery phrase),” it is 100% a scam. These are the keys to your safe itself, and you should absolutely never share them with anyone.
Safety Measures: Minimum Checks if You Consider Participating
Nevertheless, if you still wish to follow the information yourself, you should take at least the following safety measures to protect your assets:
- Prepare a dedicated airdrop wallet: NEVER use your primary wallet where your main assets are stored. Always create and use a new, empty wallet solely for receiving tokens.
- Thoroughly verify official information: Check when the alleged official website’s domain was registered, the number of followers on its official X account, and if past posts seem natural.
- Avoid Easy Clicks and Connections: Refrain from clicking on links from unknown sources or easily connecting (linking) your wallet.
Conclusion: “Wait and See” is Wise for Pi Cake. Await Official Information.
Based on all the information presented, the most sensible stance regarding the Pi Cake project at this time is “not to get involved and observe quietly.”
There is no confirmation that it is an official Pi Network project, and much information remains unclear. Since airdrops always carry the risk of scams, providing personal information or wallet addresses to projects with uncertain backgrounds carries significant risk.
If it is truly a valuable project, there will eventually be an official announcement from the Pi Network itself. Without being swayed by temporary excitement or FOMO (Fear Of Missing Out), calmly scrutinize information and await announcements from trustworthy sources; this is the most crucial action to protect your valuable digital assets.
For Further Learning:
- For the latest and accurate information about Pi Network, always check announcements within the official app or on the official website.
- It is strongly recommended to learn about cryptocurrency security and airdrop scam tactics from reliable sources.