Okay, the user is asking about something related to Pi Network, specifically "chane aritcal" — which I'm thinking could be a typo for "chain article" or something similar. The transcript seems to provide details on Pi Network updates, mentioning topics like "fake listing," "KYC migration," and "scams." It looks like the user might want a clearer explanation or summary of what’s being discussed in the transcript or video. I should give a concise explanation covering these key points, focusing on Pi Network's latest news and clarifying any ambiguities.
The message seems to warn about the fake listings of Pi Network tokens on various exchanges. It advises users, especially minors without completed KYC, to transfer their tokens to avoid them being lost. There's also mention of potential scams related to these listings. It discusses the Pi Network updates, including KYC migration and new exchange listings, like OKex and “BitGadh” (possibly referring to other crypto platforms). Some parts of the transcript are unclear, but the main focus is on avoiding fraudulent listings and safely transferring tokens.
The transcript warns about fake listings of Pi tokens on decentralized exchanges, which could lead to scams. It advises users to be cautious and avoid trading on these unofficial platforms. It also stresses the importance of completing KYC (Know Your Customer) to secure tokens before the migration deadline on February 28th. Failing to do so may result in losing tokens. Additionally, the update mentions Pi Network's official listings and business partnerships that involve KYC verification for users.
Below is a structured explanation of the transcript, which appears to be from a video update on Pi Network. The video covers several key points, including warnings about fake listings, official updates, KYC migration details, market price speculation, and even a caution against MLM schemes in crypto.
1. Fake Listings and Scams
Fake Exchange Listings:
The update starts by warning users that there are fraudulent listings of the Pi Network token on various exchanges. These “fake” listings are scams designed to trick users into transferring their tokens to unofficial platforms where they might ultimately lose access to their funds.
Risk of Token Loss:
If users transfer tokens to these unverified trading pairs, there’s a high risk that their tokens will be lost, essentially wasting the effort and time invested in accumulating them.
2. Official Pi Network Updates
Announcement by the Core Team:
The Pi Network Core team has released an official announcement. This update is meant to inform the community about the current status and future developments of the Pi token.
Second Update on Pi's Launch:
The transcript mentions a “second friends pie” launch, indicating a further rollout or update about the Pi token’s availability and integration into various ecosystems.
3. KYC Migration
- Need for KYC Verification:
A crucial part of the update is about KYC (Know Your Customer) migration. The speaker warns that if your KYC is incomplete—especially if you are a minor—your tokens could be at risk. - Action Required:
Users are advised to migrate their tokens by completing the KYC process. Failure to do so could result in losing your tokens or missing out on future benefits. - Deadline Reminder:
There is a mention of a deadline (February 28) for KYC migration, stressing the importance of acting quickly to secure one’s tokens.
4. Market Expectations and Price Speculation
- Price Predictions:
The video speculates on the market value of the Pi token. There’s talk of the token potentially reaching significant price points (e.g., comparisons to Bitcoin’s market price around $19,000 and hints at a potential $20,000 level). - Future Market Movements:
It’s suggested that if users hold onto their tokens (after proper KYC migration), the price might pump. However, if mistakes are made (such as transferring tokens to fraudulent exchanges), users may miss out on profits or even lose their holdings.
5. Warnings Against MLM Schemes
- MLM Group Cautions:
The transcript warns against joining multi-level marketing (MLM) groups in the crypto space. - Risk of Exploitation:
These groups tend to benefit only those at the top while leaving lower-tier participants with little to no profit, effectively harming those who are not at the top of the pyramid.
6. Final Advice
- Stay Informed:
The overall message is one of caution—follow official channels and announcements from Pi Network to avoid scams. - Secure Your Tokens:
Complete the KYC migration process to safeguard your tokens and ensure you can take advantage of any official market opportunities. - Be Wary of Unofficial Platforms:
Avoid transferring your tokens to unverified exchanges, as doing so could result in permanent loss.
Conclusion
In summary, the video update from Pi Network emphasizes the importance of vigilance. It warns about fake token listings that could lead to scams, urges users to complete the KYC migration to protect their tokens, speculates on future market potential, and advises against risky MLM schemes. The key takeaway is to rely on official announcements and secure your holdings through proper verification processes.
Feel free to ask if you need more details on any of these points!
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