What is Pi Coin? From Free Mining to Market Frenzy
Backstory:
Stanford graduates launched Pi Coin in 2019, which enabled users to “mine“ tokens through a phone app—no high-tech rigs needed.India
‘s Love Affair: 12 million+ Indian “Pioneers“ mined Pi, dreaming of the Bitcoin jackpot.Listing Details: Pi lists on Binance, CoinDCX and WazirX at 9:30 AM IST.
How to Trade Pi Coin in India
KYC First:
Confirm on exchanges (Aadhaar/PAN required).Deposit INR:
Fund your wallet using UPI/IMPS.Buy/Sell:
Look for “PI“ on the exchange and order.Tax Alert: 30% tax on
gains + 1% TDS applies.Pro Tip:
Begin with a small size! Crypto‘s volatility is not for the weak of heart.Price Predictions: Moon or Crash?
Bull Case:
Experts forecast ₹2,500–₹5,000 per Pi if adoption explodes (like Shiba Inu in 2021).Bear Case:
Naysayers say it could fall to ₹500 if “free token“ mania subsides.Early Trading: Grey market rates hit ₹1,800 pre-listing.
Risks & Challenges: Read This Before FOMO
Regulation Risk: RBI’s crypto stance is cautious.
Liquidity Crunch: Will exchanges handle mass sell-offs?
Scam Alerts: Fake Pi wallets/apps are already phishing users.
“Don’t invest your savings. Treat Pi as a lottery ticket,” advises financial advisor Monika Halan.
Why This Listing Matters
Grassroots Revolution: Millions of non-tech Indians entered crypto via Pi.
Market Impact: A successful listing could boost other “mobile-mined” coins.
Global Eyes: India
‘s crypto adoption is set to reach new heights.
