Pi Network User Exposes Attempted Scam Offering $1.5 for Pi Coin While Insisting on Unfounded $314K GCV

In the world of cryptocurrency, the Pi Network has been gaining popularity as a promising new digital currency. However, recent reports of an attempted scam within the Pi Network have raised concerns among users.

A Pi Network user by the name of @DerickCasmir recently exposed a chat with someone who claimed to be interested in buying Pi Coin at a shockingly low rate of just $1.5. The conversation revealed that the person who was contacted to sell the Pi insisted that the price should be based on the Global Consensus Value (GCV), where 1Pi equals a staggering $314,159.

This revelation has sparked concerns among Pi Network users, many of whom believe that the GCV is an unrealistic value and that the attempted purchase was likely part of a larger scam. The Pi Network is a decentralized digital currency, meaning that its value is determined by the market rather than a central authority. As such, the GCV is not an official or established value for the Pi Coin.

Many Pi Network users have expressed their disappointment and frustration with this attempted scam, with some calling for increased security measures within the Pi Network to prevent similar incidents from occurring in the future. Despite this setback, however, the Pi Network continues to attract a growing number of users who believe in the potential of this new digital currency.

What is Pi Network?

The Pi Network is a decentralized cryptocurrency project launched in 2019 that aims to create a digital currency that can be mined on mobile devices. Unlike traditional cryptocurrencies like Bitcoin, Pi does not require powerful computers or specialized equipment to mine, making it more accessible to the average user. The Pi Network has garnered a large following due to its innovative approach to mining and its promise of being a more accessible and user-friendly digital currency.


Written by Angela Beckham

Angela Beckham has interest in Politics and Blockchain Technology. She started a research about cryptocurrency in 2017 to span through to 2027 on "replacing fiat with crypto which is yet to be completed. Presently Angela writes for NewsWay on Politics and Blockchain.

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