Since its launch in 2019, Pi Network has attracted millions of users worldwide with a seemingly simple and magical promise: "mine Digital Money for free using your mobile phone, and it will be worth a fortune in the future." However, as time has passed, the project's outline has gradually become clearer, revealing signs that could be described as one of the largest "eyewash" in the history of Crypto Assets and the internet. Pi Network adopts a powerful psychological strategy: free scarcity. Users log in daily and click a button "mine" to receive tokens without any cost. This feeling of possessing something rare keeps millions of users running the app day after day, yet in reality, they have not gained any substantial value. To increase mining speed, users are encouraged to invite friends. The more people invited, the faster the mining speed. This system allows projects to develop rapidly like a prairie fire, but the core operational model is very similar to a pyramid scheme, focusing on expansion rather than creating value or products. Despite having millions of users, Pi Network's coin has not been listed on any real market for a long time. What they showcase is merely a fake "demo store" within a closed environment. There is no transparency regarding the source code, economic value, or clear real-world landing plans. The application requests extensive permission access, such as contacts, geolocation, and mobile usage tracking, without clearly stating how this data will be used or protected. If this data is abused or sold, this alone could constitute a dangerous exploitation of millions of users. The most concerning point is the massive token share held by the team (estimated at 20-25%). When the open market launches, users can purchase Pi with real funds, pretending that it has value. In reality, the demand will come from the ordinary public hoping to profit, while the huge supply will come from the team itself, which swapped the tokens they obtained for free into real currency. This clever scheme allows the team to sell billions of tokens, profiting greatly from ordinary users, and once there is an oversupply, the token's value will collapse due to severe inflation. Over the years, people have invested a lot of time, energy, and even personal relationships to promote Pi Network, hoping for future wealth. So far, the result has been tokens with nowhere to sell, no substantial profits, no clear project plans, only promises that are updated year after year. Pi Network is not merely a suspicious token, but a project built on psychological manipulation, personal data collection, the efforts of millions, and a financial strategy paving the way for unilateral digital wealth. If these steps go according to plan, Pi Network may become synonymous with the largest "eyewash" in history, affecting a vast number of people and spreading far and wide, leaving one in awe. If you are interested, please leave a message to let us know whether to continue disclosing the secrets of other Crypto Assets projects. Share this content to help raise awareness. Disclaimer: This article contains third-party opinions and does not constitute any financial advice, and may include sponsored content.