Pi Network Fans Engage in Delusional Marketing Tactics, Making False Claims about Pi Coin Adoption by Countries— The Hazards of Excessive Optimism.
LUCKNOW (CoinChapter.com) — As the highly anticipated mainnet launch of Pi Network remains uncertain, the project continues to employ exaggerated marketing strategies. However, the repeated missed deadlines and vague promises have only created more confusion about the project’s legitimacy.
Recently, the Pi team extended the deadline for KYC verification to December 2024, further fueling skepticism regarding whether the long-awaited launch will ever take place. Despite its ambitious vision, the project’s execution has been hindered by inconsistencies, leaving users waiting for a token that is not yet tradable.
Meanwhile, Pi Network’s social media platform has become a breeding ground for excessive promotion campaigns, often making exaggerated claims about the value and potential of the Pi Coin. Instead of addressing the concerns of the growing number of skeptical voices, Pi-related accounts seem more interested in fueling hype.
The Pi Network fan social media account, ‘Pi Moderators,’ recently added to the list of baseless promotion tweets. The tweet claiming that various countries have adopted Pi Coin as an “official and legal currency for their international exchanges” is clearly false.
It is not surprising, considering that a few months ago, there was a speculative claim fueled by excessive optimism that Elon Musk was considering adopting Pi Coin. Such claims are nothing more than fantasies and lack any substantial evidence.
Furthermore, Pi Network has not even launched its mainnet yet, which means there is no official Pi token for any country to adopt, let alone integrate into their financial systems. This unfounded assertion is a reckless attempt to bolster the legitimacy of Pi Coin, taking advantage of blind optimism without any credible support.
In another tweet, the same account claimed that Pi Coin’s value is an astonishing $314,519 per token. This claim is part of a collective delusion among many Pi Network users who hope that the price of PI coin will parallel its namesake mathematical constant.
However, this figure is entirely fabricated, considering that the Pi Network token is not listed on any exchange. These posts highlight a concerning trend within the Pi Network community, where exaggerated hype and misinformation prevail over tangible progress.
The project’s core team, known for their silence regarding important updates, continues to neglect addressing these blatant lies and misleading posts. While this may serve their marketing goals, the team’s silence could undermine trust in the project.
This ongoing dissemination of misinformation exposes the negligent behavior of the Pi Network team, putting its community at risk. Without proper moderation, the excessive hype surrounding Pi could lead many users to face significant financial losses.
Given posts like these, it is understandable why Pi Network founder Nikolas Kokkalis refrains from appearing on social media platforms.