Good day, everyone, and welcome to my blog. For any community and crypto project to succeed in the crypto space, there is a need for it to take that first big step in building its project for it to succeed in the long run, which is important for the long-term goal of any project. There has been a growing interest on the Internet in a crypto token called PI which I am sure many users on this platform are familiar with because it has been here for over five years since the mining phase of the project kicked off and by the look of things top exchanges are set to launch the token on the 20th.
There has been a two-sided take on the launch of PI as some people are happy the token is set to launch after so many years of mining and are now bashing users who have talked down on the project, while some users believe the project is still a scam for taking long to launch and are sure that the token will do badly on the listing date. It has been a bit of a thug or war between these two groups, and from what I have gathered, I am still trying to understand why it took this long for the PI project to launch with all the so-called utilities they have been gearing up for the past years.
Apart from OKX, Bitget, and Roqqu, who are set to list the token on the 20th of this month, but on the top tier one exchange, Bybit will not be listing the token according to their CEO, which made it more interesting as some exchanges are not ready to recognise the token. According to many sources, it is stated that PI didn't ask or beg any exchanges to list their token, and I have yet to find a valid source that affirms this statement. If it's true, then good to the users who mined the token, and hopefully they get huge bags after the token launches next week.
PI is now trading for 80 dollars in the premarket which is good news, but one thing I am still yet to understand is why are all the PI tokens mined not released until after two years which to me doesn't make sense, because if you are taking five to six years to build their blockchain why are they still holding back on some amount of the mined token. It is going to be interesting to see how this launch unfolds next week, and I am in to witness the start of a new era for the token; soon, time will tell if it was worth the wait for six years.
One of the issues PI has is that their tools are not user-friendly, which is a main factor for any project if they want to succeed in the crypto space. I have seen people complain about how they are having issues with their KYC and how, for months, they have not been validated by the PI network. They should take this complaint seriously and create easy and fast solutions to their KYC problems in the long run. So, guys, that will be all for now. Thanks for stopping by and have a good day.