@yousif170: Fraud against anyone who thought the price was $314,000

✅ Yes, it has been proven that Nicholas Koukalis or the founding team of Pi Network own more than 95% of the total currency, making the project completely unreliable, losing all credibility as a real cryptocurrency.

🔹 Because this means that:

The currency is completely centralized — meaning the decision is in the hands of one person or entity, not a decentralized network as true currencies like Bitcoin or Ethereum claim.

Users do not own anything real — those who mine daily only get 'crumbs', while the founding team owns the huge amount.

The price and market can be easily manipulated — the team can release a large amount into the market at any moment, causing the price to crash immediately, as no one has resistance or control.

Any talk of 'Pi economy' or 'global market' is just baseless marketing — because whoever controls the currency can control everything: the price, the distribution, and even shut down the entire system.

⚠️ To clarify: Imagine if Satoshi Nakamoto, the creator of Bitcoin, owned 95% of the coins and never distributed them... Would anyone believe in Bitcoin? Certainly not.

🔍 Current status of Pi currency:

❌ There is no transparency in the distribution.

❌ The blockchain is not fully open source.

❌ Most trading is done off the blockchain (IOU only) and is not real.

❌ The currency cannot be withdrawn or used anywhere to this day.

❌ True value = zero, because you cannot sell or transfer it freely.

📉 Final outcome:

Nicholas Koukalis or the founding team own more than 95% of Pi, which means that the currency:

Closed centralized project.

Not decentralized.

Very high risk.

And it may be a fraudulent project (Scam risk).

✅ Important advice: Do not invest real money in Pi Network. If you want, use it for free only as a test, but do not rely on it as a source of income or a safe investment, 🤣🤣 #everyone