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#PI This is a struggle between the grassroots people of the world and the privileged, the last financial revolution for the common people to rise up. Pi is challenging various industries globally! They are afraid of Pi's success, they are worried about Pi's success, they even fear Pi's success!
🚨 Who doesn't want Pi to succeed? Why are they afraid?
The success of Pi is not just the rise of a cryptocurrency, but a redistribution of wealth and power. If Pi truly succeeds, it will impact the existing financial order and challenge multiple vested interests. Therefore, there are many individuals and organizations that do not want Pi to succeed, and they may even resort to various means to obstruct its development.
📌 1. Traditional financial institutions (banks, central banks, governments)
🔴 The success of Pi signifies the rise of decentralized currency, weakening the control of fiat currency systems.
•Traditional banks rely on the fiat currency system to operate, controlling currency issuance, payment settlement, and the interest rate spread between deposits and loans, earning huge profits.
• The central bank's monetary policy determines the direction of the economy, but the decentralized model of Pi is not controlled by the central bank, which prevents them from manipulating economic liquidity.
•If Pi can achieve global payments and value storage, the monopoly of fiat currency will be weakened, and banks and governments will lose control over the economy.
✅ Their possible actions:
•Block Pi transactions through regulatory means, prohibiting banks from accepting Pi as a payment method.
• Discredit Pi, create FUD (Fear, Uncertainty, Doubt), causing the public to lose confidence in Pi.
• Use legal means to intervene, claiming that Pi violates financial regulations, in order to hinder its popularization.
💡 The decentralized nature of Pi poses a challenge to the fiat currency system, and banks and governments will not easily allow it to succeed.
📌 2. Capital tycoons, crypto OGs, and speculative traders
🔴 Pi is an opportunity for ordinary people to acquire wealth, and capital tycoons and market manipulators cannot control it at a low price, so they do not want Pi to succeed.
• Traditional cryptocurrencies (such as BTC, ETH) were initially controlled by a small number of capital holders, who accumulated them at a very low cost and profited through market manipulation.
•The model of Pi is completely different; ordinary people mine for free, and capital cannot use low prices to accumulate and then harvest at high positions, which breaks their habitual way of wealth accumulation.
•If successful, Pi will become the first cryptocurrency system led by ordinary people rather than controlled by capital, and the OGs and big players in the crypto world will lose their grip.
✅ Their possible actions:
• Continuously belittling Pi, calling it a scam, with the aim of making ordinary people give up on Pi themselves.
• Create chaos in Pi trading by manipulating the market to cause Pi prices to fluctuate wildly, generating panic.
•Intentionally crashing the market on the exchange, creating negative public opinion, and undermining confidence in the Pi ecosystem.
💡 What OGs and market makers fear most is that Pi doesn't need them to succeed, and they can't manipulate the Pi market.
📌 3. Other beneficiaries of cryptocurrency projects
🔴 The success of Pi may capture market share and challenge the existing cryptocurrency project ecosystem.
• Bitcoin is digital gold, Ethereum is a smart contract platform, while Pi directly targets global payments, with a massive target market.
•If Pi really achieves decentralized payments, many payment projects built on BTC and ETH will be eliminated.
•Pi does not rely on miners, is not restricted by computing power, and does not require complex smart contracts. Its ease of use may reduce the competitiveness of other projects.
✅ Their possible actions:
• Discrediting Pi, calling it a "centralized scam," with the intention of denying its value and leading users back to the BTC and ETH ecosystems.
•Spreading negative information on social media, causing people to lose trust in Pi.
• Use technical means to attack the Pi ecosystem, such as DDoS, hacking, and other methods to disrupt the operation of Pi.
💡 Pi's greatest competitive advantage is its popularity and decentralized mining, while other crypto projects may try to hinder this to protect their own interests.
📌 4. National governments, especially those that hold a hostile attitude towards cryptocurrencies.
🔴 The success of Pi will weaken the state's control over the economy, especially the impact on foreign exchange controls and the tax system.
•Many countries do not want their national currencies to be replaced by decentralized currencies, as this would affect fiscal policy and monetary control.
•Pi allows for free trading globally, while many countries' foreign exchange policies rely on mandatory currency exchange controls.
•If Pi is widely used, the government will not be able to easily freeze assets, track the flow of funds, or implement capital controls.
✅ Their possible actions:
• Announce that Pi trading is illegal, prohibit domestic exchanges from supporting Pi, and even block Pi-related websites.
• Require banks to prohibit the processing of funds related to Pi and block the conversion channel between fiat currency and Pi.
• Use media to promote that Pi is an illegal financial instrument, in order to scare away ordinary users.
💡 The globalization and decentralized payment functions of Pi may threaten the economic control of governments, especially in countries that rely on fiat currency power.
📌 5. Technology Blockade Groups (such as tech giants, payment companies)
🔴 The rise of Pi may challenge traditional payment systems such as Visa, Mastercard, and PayPal.
•These companies rely on centralized payment systems to collect fees, while Pi may enable low-cost global payments, which could affect their profits.
•If Pi is successful, their global payment market will face challenges, as Pi allows transactions without the need for bank accounts.
The popularization of decentralized payments may cause traditional payment companies to lose their technological barriers and even lead to user migration.
✅ Their possible actions:
• Restrict the use of Pi payments in their ecosystem, such as prohibiting the circulation of Pi in Apple and Google payment systems.
• Coalition government pushes for stricter cryptocurrency regulations to protect its own market share.
•Develop your own cryptocurrency, attempting to use capital power to block the growth of Pi.
💡 Pi is a decentralized payment system, while the core business model of technology payment giants is centralized settlement, and the interests of the two are in conflict.
🚀 Conclusion: The success of Pi challenges multiple vested interest groups that do not want it to succeed.
1️⃣ Traditional financial institutions (banks, central banks, governments) are concerned about losing control over the monetary system.
2️⃣ In the crypto world, OGs and whales cannot manipulate Pi; they hope to suppress it to continue controlling the market.
3️⃣ Other crypto projects do not want Pi to replace their market position.
4️⃣ Governments may hinder the development of Pi as it threatens fiat currency sovereignty and financial regulation.
5️⃣ Tech payment companies may block Pi as it could affect their centralized payment profits.