Label – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 09 Sep 2025 03:05:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.10 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Label – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 White Label Crypto Wallets Explained: Features, Functionality, and Benefits https://earlybirdsinvest.com/white-label-crypto-wallets-explained-features-functionality-and-benefits/ https://earlybirdsinvest.com/white-label-crypto-wallets-explained-features-functionality-and-benefits/#respond Tue, 09 Sep 2025 03:05:22 +0000 https://earlybirdsinvest.com/white-label-crypto-wallets-explained-features-functionality-and-benefits/

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Cryptocurrency has grown from a niche investment sector to a significant component of today’s financial ecosystem. As individuals and businesses increasingly adopt digital currencies for trading, payments, and investment, the demand for reliable crypto wallets has grown just as rapidly. Among the solutions available, white label crypto wallets have gained strong interest from startups, enterprises, and financial providers because they offer a ready-made framework that can be branded and customized without the extended development cycle of building a wallet from the ground up.

For businesses exploring opportunities in the crypto ecosystem, working with companies that provide professional Wallet Development Services creates an accessible entry point. By choosing a white label solution, businesses can deploy a fully functional, brand-specific wallet within weeks while focusing more energy on growth strategy, market expansion, and customer experience.

This article will explain what white label crypto wallets are, how they work, their main features, practical use cases, and the benefits they can bring to businesses of all sizes.

What Are White Label Crypto Wallets?

A white label crypto wallet is a readymade digital wallet solution developed by a technology provider that can be customized by another business to show its brand identity. Essentially, it is a pre-built wallet core that includes critical functions such as storing, sending, and receiving crypto assets, while allowing businesses to add their logo, brand colors, and additional modules as needed.

Instead of investing months or years in architecture, coding, and testing, businesses select an already developed wallet platform from a specialist development company. They can then apply their business identity and launch in the market quickly.

For startups, this means entering the crypto market without the burden of complex technical development. Established enterprises, on the other hand, can expand their crypto service offerings efficiently while maintaining brand consistency.

Why Businesses Use White Label Crypto Wallets

The crypto market changes rapidly, and businesses need to respond quickly to user expectations. Developing a wallet from the ground up can become costly and complex due to security protocols, blockchain integrations, and compliance requirements. White label wallets reduce these challenges.

Here are some reasons businesses prefer them:

  • Faster time-to-market for wallet products.
  • Reduced development and maintenance costs.
  • Access to enterprise-grade security architecture.
  • Flexibility to configure branding and features.
  • Ability to integrate with multiple blockchain networks.

Core Features of White Label Crypto Wallets

White label crypto wallets come with a broad set of features that cover essential wallet functions as well as advanced utilities for businesses that want to stand out. Below are the core attributes usually included:

1. Multi-Currency Support

These wallets are developed to handle a wide range of cryptocurrencies and tokens across multiple blockchains such as Bitcoin, Ethereum, Binance Smart Chain, Solana, and more. Multi-currency support is critical, as users often hold multiple assets and want unified access in a single application.

2. Private Key Management

Managing private keys securely is one of the most important aspects of wallet technology. Depending on business needs, white label wallets can support non-custodial frameworks (where keys are stored with the user) or custodial setups (where a service provider manages custody).

3. User-Friendly Interface

The success of any crypto wallet also depends on the interface. Even though wallet infrastructures are complex, end-users expect simple navigation. White label solutions are designed with intuitive dashboards and smooth transaction flows.

4. Cross-Platform Access

Most leading providers support mobile (iOS and Android), desktop, and even web versions of wallets. Businesses can choose how they want their customers to experience them — on smartphones, desktops, or both.

5. Built-In Security Protocols

Security mechanisms such as biometric authentication, two-factor authentication (2FA), multi-signature wallets, session logout triggers, and hardware wallet integrations are usually pre-built to provide strong safeguards.

6. QR Code Scanner

Payment by scanning codes is one of the most popular features in everyday crypto transfers. White label wallets often integrate QR functionalities to simplify transactions.

7. Fiat Integration

Businesses may want their wallet to support direct fiat-to-crypto and crypto-to-fiat swaps. Many white label wallets can be integrated with payment gateways and exchange APIs for such functionality.

8. Staking and Yield Options

Some providers build staking and yield-generating modules into their wallet software to give businesses additional competitive offerings.

9. Compliance and KYC/AML Modules

For enterprises dealing with large user bases or regulated zones, wallets can include pre-built compliance tools that enable KYC verification and anti-money laundering checks.

How White Label Wallets Work

Technically, a white label crypto wallet works like any other digital wallet in allowing users to:

  • Create and manage addresses.
  • Send and receive assets.
  • Authenticate and broadcast transactions to blockchain networks.
  • Manage private/public keys, password recovery, and encryption.

The main difference lies in the ownership model: instead of the deploying company building its own infrastructure, it customizes and operates the wallet platform developed by another provider.

Benefits of White Label Crypto Wallets for Businesses

Businesses gain value from white label wallets in multiple ways.

Reduced Development Complexity

Developing a secure and feature-rich crypto wallet can take months of work for blockchain development teams. By adopting a white label product, businesses sidestep the entire initial coding, testing, and deployment process.

Cost Efficiency

Since development companies spread their costs across multiple clients, the pricing of white label solutions usually provides strong savings compared to custom wallet development.

Faster Market Entry

The time it takes to design, code, and launch a wallet can delay business opportunities. With white label solutions, businesses can launch products quickly to keep pace with user demand.

Brand Control

Although the wallet core is prebuilt, the business can completely control its branding, including color themes, logo placement, and custom service features for its community.

Easy Integrations

White label wallets are designed to work well with APIs, third-party services, and blockchain protocols. This gives businesses a wide base for expanding use cases.

Regulatory Readiness

For regulated markets, businesses can rely on pre-integrated compliance features, reducing the risk of legal bottlenecks.

Use Cases of White Label Crypto Wallets

Crypto Startups

Startups often face budget and technical limitations that prevent them from developing fully customized wallets. A white label solution helps them enter the market faster and scale their services efficiently.

Established Businesses

Banks, fintech companies, and payment providers use white label wallets to expand services into crypto without diverting energy from their primary business operations.

Exchanges

Crypto exchanges often integrate branded wallets for their users to deposit and withdraw funds more easily. White label wallets deliver this functionality without investing in new wallet infrastructure.

Enterprises with Global Operations

Corporates increasingly use white label wallets to support payment systems, employee crypto payouts, and cross-border settlements.

Key Considerations When Choosing a White Label Crypto Wallet

When evaluating service providers for wallet solutions, businesses should review:

  • Security protocols: Look for authentication layers, strong encryption, and audit capabilities.
  • Scalability: The wallet must support growth as user numbers increase.
  • Blockchain compatibility: Ensure the wallet supports the networks and tokens relevant to your user base.
  • Regulatory features: Verify if compliance modules like KYC/AML are included if operating in regulated jurisdictions.
  • Provider experience: Choose a development company with proven background in delivering crypto applications.

White Label vs. Custom Wallet Development

Future Outlook for White Label Wallets

As adoption of cryptocurrency continues to grow, the demand for easy-to-deploy, cost-effective wallet solutions will increase. White label wallets are expected to keep evolving with features like integration for CBDCs (Central Bank Digital Currencies), support for NFT storage, DeFi modules, and cross-chain compatibility. Businesses that deploy wallets early position themselves ahead in gaining customer trust and loyalty.

Conclusion

White label crypto wallets provide a ready pathway for businesses that want to participate in the expanding cryptocurrency economy. With a strong balance of reliability, market readiness, and branding opportunities, they serve as an effective method for companies to step into this fast-moving sector without excessive development overhead.

If your business is looking to build a crypto wallet solution that fits your brand identity and operations, working with experts in Wallet Development is the best way forward.

Are you ready to launch a crypto wallet under your brand name without the delays of starting from scratch? Partner with Codezeros for specialized wallet development solutions. Our team builds white label crypto wallets that are secure, scalable, and customizable to help businesses enter the market with confidence.

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Custom Crypto Exchange Development vs White Label Crypto Exchange: Which One is Right for You? https://earlybirdsinvest.com/custom-crypto-exchange-development-vs-white-label-crypto-exchange-which-one-is-right-for-you/ https://earlybirdsinvest.com/custom-crypto-exchange-development-vs-white-label-crypto-exchange-which-one-is-right-for-you/#respond Wed, 09 Jul 2025 21:34:29 +0000 https://earlybirdsinvest.com/custom-crypto-exchange-development-vs-white-label-crypto-exchange-which-one-is-right-for-you/

The cryptocurrency market has grown rapidly, drawing attention from entrepreneurs, investors, and established businesses. With this growth comes the demand for secure and reliable platforms where users can buy, sell, and trade digital assets. If you are considering entering this space, you are likely weighing two main options: building a custom crypto exchange from scratch or opting for a white label crypto exchange solution. This blog will guide you through both approaches, helping you make an informed decision for your business.

Cryptocurrencies are no longer a niche interest. They have become a significant part of global financial systems. The surge in trading volumes and the increasing number of digital assets have led to a rise in the number of crypto exchanges. Businesses looking to capitalize on this trend often turn to a Cryptocurrency exchange Development Company for guidance and technical expertise. Choosing the right development path is crucial for long-term success.

A custom crypto exchange is a platform built from the ground up, tailored to the specific requirements and vision of the business owner. This approach involves designing, developing, and deploying a unique solution that reflects your brand, business model, and operational needs.

  • Unique User Interface and Experience: Every aspect of the platform can be designed to match your brand’s identity and user expectations.
  • Customizable Trading Engine: The core engine can be optimized for performance, speed, and the types of assets you wish to support.
  • Integration Flexibility: You can choose which payment gateways, liquidity providers, and third-party services to integrate.
  • Security Architecture: Security protocols can be designed to meet your specific compliance and risk management needs.
  • Scalability: The platform can be built to support future growth, additional features, and higher transaction volumes.
  • Full control over features and design
  • Ability to introduce unique functionalities
  • Strong brand identity
  • Greater flexibility for future updates
  • Higher initial development cost
  • Longer time to market
  • Requires a skilled development team
  • Ongoing maintenance responsibility

A white label crypto exchange is a ready-made solution developed by a third-party provider. Businesses can purchase or license this platform, customize the branding, and launch quickly. The core functionalities are already built, and only minor adjustments are needed to align with your brand.

  • Pre-built Trading Engine: The platform comes with a tested and reliable engine.
  • Customizable Branding: You can add your logo, color schemes, and other brand elements.
  • Essential Features Included: Most white label solutions offer standard features like user management, wallet integration, and basic security.
  • Quick Deployment: Launching the platform takes significantly less time compared to custom development.
  • Technical Support: Providers often offer ongoing support and updates.
  • Lower upfront cost
  • Fast time to market
  • Reduced technical complexity
  • Access to ongoing support
  • Limited customization options
  • Dependence on the provider for updates and support
  • Potential for similar platforms in the market
  • May not support highly specialized features

1. Business Goals and Vision

  • If you have a unique business model or want to introduce innovative features, a custom exchange is the better choice.
  • If your goal is to enter the market quickly and start operations with minimal hassle, a white label solution is more suitable.

2. Budget

  • Custom exchanges require a significant upfront investment.
  • White label solutions are more budget-friendly, especially for startups or businesses testing the waters.

3. Time Constraints

  • Need to launch quickly? White label is the way to go.
  • Willing to invest time for a unique product? Go custom.

4. Technical Resources

  • Custom development demands a skilled team of developers, designers, and security experts.
  • White label solutions reduce the need for in-house expertise.

5. Compliance and Security

  • Custom development allows you to implement compliance and security measures that fit your jurisdiction and business needs.
  • White label solutions come with standard compliance features, but may require additional work for specific requirements.

6. Future Growth and Flexibility

  • Custom exchanges provide more room for future enhancements and expansions.
  • White label platforms may have limitations in terms of adding new features or scaling up.

Custom Crypto Exchange Development Steps

  1. Requirement Analysis: Define your business goals, target audience, and feature set.
  2. Design: Create wireframes and prototypes for the user interface.
  3. Development: Build the trading engine, wallet integration, admin panel, and other components.
  4. Testing: Conduct rigorous testing for security, performance, and usability.
  5. Deployment: Launch the platform after thorough quality checks.
  6. Maintenance: Provide ongoing support, updates, and improvements.
  1. Provider Selection: Choose a reputable white label solution provider.
  2. Custom Branding: Add your logo, colors, and other brand elements.
  3. Configuration: Set up assets, trading pairs, and basic settings.
  4. Testing: Verify the platform’s functionality and security.
  5. Launch: Go live with your branded exchange.
  6. Ongoing Support: Rely on the provider for updates and technical support.

Security Considerations

Security is a top priority for any crypto exchange. Both custom and white label solutions must address common threats such as hacking, phishing, and fraud.

Custom Exchange Security

  • You can implement advanced security protocols, such as multi-signature wallets, two-factor authentication, and real-time monitoring.
  • Full control over the codebase allows for regular security audits and updates.

White Label Exchange Security

  • Security features are built-in, but you must verify the provider’s reputation and history.
  • Some providers offer additional security modules at extra cost.

Operating a crypto exchange involves navigating complex regulatory environments. Compliance requirements vary by country and region.

  • Custom Exchanges: You can build compliance features specific to your jurisdiction, such as KYC/AML procedures, transaction monitoring, and reporting tools.
  • White Label Exchanges: Standard compliance modules are included, but may require customization for certain regions.

Custom Exchange

  • Development Cost: High, includes design, coding, testing, and deployment.
  • Maintenance Cost: Ongoing, as updates and new features are developed.
  • Hidden Costs: Potential for unforeseen expenses during development.

White Label Exchange

  • License/Subscription Fee: Lower initial cost, often a one-time or recurring fee.
  • Customization Cost: Additional fees for branding and extra features.
  • Support Cost: May be included or charged separately.

Time to Market

  • Custom Exchange: Typically 6–12 months or more, depending on complexity.
  • White Label Exchange: As little as 2–8 weeks, depending on provider and customization needs.

Scalability and Future-Proofing

  • Custom Exchange: Built to accommodate future growth, new features, and higher user volumes.
  • White Label Exchange: Scalability depends on the provider’s infrastructure and willingness to support upgrades.
  • You have a unique business model or want to offer specialized trading features.
  • You need full control over the platform’s design, features, and security.
  • Your business plans to scale rapidly and add new functionalities over time.
  • You want to enter the market quickly and with minimal upfront investment.
  • Your business model aligns with standard exchange features.
  • You prefer to outsource technical support and maintenance.

1. Is a custom crypto exchange more secure than a white label solution?

A custom exchange allows for more targeted security measures, but the final security level depends on the development team’s expertise. White label solutions can be secure if provided by reputable companies with a strong track record.

2. Can I migrate from a white label exchange to a custom solution later?

Yes, many businesses start with a white label platform and transition to a custom solution as they grow and their needs become more complex.

3. What are the ongoing costs for both options?

Custom exchanges require ongoing investment in maintenance, security, and updates. White label solutions often include support and updates in the subscription fee, but costs can add up if you need additional features.

4. How do I choose the right development partner?

Look for a Cryptocurrency exchange Development Company with a proven portfolio, positive client testimonials, and expertise in security and compliance.

  • Custom crypto exchanges offer maximum flexibility, unique branding, and control but require more time and investment.
  • White label crypto exchanges are cost-effective and faster to launch but may have limitations in customization and scalability.
  • Your choice should align with your business goals, budget, technical resources, and long-term vision.

Selecting between custom crypto exchange development and a white label solution is a pivotal decision. Both options have their strengths and challenges. Assess your business needs, resources, and future plans carefully before making a choice.

Ready to build your own crypto exchange? Whether you need a custom-built platform or a white label solution, codezeros can guide you through every step of the process. Reach out to our experts today and take the first step toward launching your crypto exchange with confidence.

Before you go:

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Why You Should Opt for a White Label Crypto Wallet https://earlybirdsinvest.com/why-you-should-opt-for-a-white-label-crypto-wallet/ https://earlybirdsinvest.com/why-you-should-opt-for-a-white-label-crypto-wallet/#respond Fri, 28 Mar 2025 14:39:52 +0000 https://earlybirdsinvest.com/why-you-should-opt-for-a-white-label-crypto-wallet/
Codezeros

The growing adoption of cryptocurrencies has created a demand for secure, efficient, and feature-rich wallet solutions. Businesses looking to enter the digital asset space often face a critical decision: build a wallet from scratch or choose a white label crypto wallet. For many, opting for a white label solution is the smarter choice due to its cost-effectiveness, faster deployment, and customization options. If you are considering working with a Wallet Development company, this blog will help you understand why white label crypto wallets are an excellent option.

A white label crypto wallet is a pre-built software solution that businesses can customize and brand as their own. These wallets come with essential features like multi-currency support, advanced security protocols, and seamless blockchain integration. Unlike building a wallet from scratch — which requires significant time, resources, and technical expertise — white label solutions allow businesses to launch quickly while focusing on their core operations.

1. Quick Market Entry

Time-to-market is crucial in the fast-paced cryptocurrency industry. Developing a wallet from scratch can take months or even years, depending on the complexity of the features. White label wallets allow businesses to launch their products in weeks, giving them a competitive edge.

2. Cost-Effectiveness

Building a custom wallet involves hiring developers, maintaining infrastructure, and investing in ongoing updates — all of which can be expensive. White label solutions eliminate these costs by providing ready-made frameworks that require only minor customizations.

3. Customization and Branding

White label wallets offer extensive customization options. Businesses can tailor the user interface, add unique features, and integrate their branding elements such as logos and color schemes. This helps reinforce brand identity and create a unique user experience.

4. Advanced Security Features

Security is paramount in crypto transactions. White label wallets often come equipped with robust security measures such as two-factor authentication (2FA), biometric verification, multi-signature support, and encryption protocols to protect user data and assets.

5. Scalability

As your business grows, so does the need for more robust infrastructure. White label wallets are designed to scale seamlessly with increasing transaction volumes and user bases.

6. Regulatory Compliance

Many white label solutions include built-in compliance features such as Know Your Customer (KYC) and Anti-Money Laundering (AML) mechanisms. These features help businesses adhere to regulatory requirements without additional development.

7. Multi-Currency and Multi-Chain Support

White label wallets support various cryptocurrencies and blockchain networks, enabling users to manage diverse digital assets from one platform.

1. Reducing Development Complexity

Building a crypto wallet involves intricate coding, blockchain integration, and rigorous testing — tasks that require specialized expertise. White label solutions simplify this process by offering pre-tested frameworks that are ready for deployment.

2. Minimizing Risk

Custom development projects often face risks such as delays, budget overruns, or technical failures. With white label wallets, these risks are significantly reduced since the core functionalities are already developed and tested.

3. Staying Competitive

In a rapidly evolving market, speed is critical. White label wallets enable businesses to adapt quickly to market demands by integrating new features or supporting emerging cryptocurrencies without starting from scratch.

When choosing a white label solution, ensure it includes the following features:

  • Multi-Currency Support: Manage various cryptocurrencies like Bitcoin, Ethereum, and altcoins.
  • Cross-Chain Compatibility: Facilitate transactions across different blockchain networks.
  • DeFi Integration: Access decentralized finance applications for staking, lending, or yield farming.
  • NFT Support: Store and trade non-fungible tokens securely.
  • Biometric Authentication: Enhance security with fingerprint or facial recognition.
  • Real-Time Notifications: Keep users informed about transactions and market updates.
  • Fiat On/Off Ramp: Enable seamless conversion between cryptocurrencies and fiat currencies.
  • Customizable UI/UX: Create a unique user experience tailored to your brand.

White label crypto wallets are ideal for:

  1. Startups: Quickly enter the market without heavy upfront costs.
  2. Established Businesses: Expand digital asset offerings without diverting resources from core operations.
  3. Financial Institutions: Offer secure crypto services while complying with regulations.
  4. Blockchain Enthusiasts: Launch niche products like NFT wallets or DeFi platforms.

The cryptocurrency industry continues to evolve rapidly, bringing new opportunities for white label solutions:

  1. AI Integration: Advanced fraud detection and portfolio optimization tools.
  2. Cross-Chain Interoperability: Seamless management of assets across multiple blockchains.
  3. DeFi & Web3 Features: Enhanced access to decentralized applications.
  4. Metaverse Compatibility: Support for virtual assets within digital worlds.
  5. Regulatory Readiness: Built-in compliance with global standards like MiCA or FATF guidelines.

A white label crypto wallet offers businesses an efficient way to enter the digital asset market with minimal effort and cost while maintaining high standards of security and functionality. Whether you’re launching your first crypto product or expanding your existing portfolio, white label solutions provide the flexibility and reliability needed in today’s competitive landscape.

Looking for a reliable partner to bring your crypto wallet vision to life? Codezeros specializes in delivering cutting-edge white label wallet solutions tailored to your business needs. Contact us today to explore how we can help you succeed in the world of digital assets!

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World Liberty Financial Label tokens blow away speculation about a stubcoin launch of a Trump-backed project https://earlybirdsinvest.com/world-liberty-financial-label-tokens-blow-away-speculation-about-a-stubcoin-launch-of-a-trump-backed-project/ https://earlybirdsinvest.com/world-liberty-financial-label-tokens-blow-away-speculation-about-a-stubcoin-launch-of-a-trump-backed-project/#respond Tue, 25 Mar 2025 00:23:27 +0000 https://earlybirdsinvest.com/world-liberty-financial-label-tokens-blow-away-speculation-about-a-stubcoin-launch-of-a-trump-backed-project/

Crypto Observers on Monday speculated that World Liberty Financial (WLFI), a distributed financial (DEFI) platform supported by President Donald Trump and his family, could be testing the much-anticipated stable rock of dollars before rolling out for the wider public.

Earlier today, blockchain detectives noted a surge in activity using tokens labeled World Liberty Financial USD (USD1) on blockchain surveillance websites Etherscan and BSCSCAN. USD1 was deployed earlier this month in a series of transactions with Ethereum and BNB chain networks, with tokens occurring over the past few weeks, according to blockchain data.

Some transfers included addresses linked to WinterMute, a large digital asset trading company and market maker, Crypto Custodian Bitgo, according to data from Arkham Intelligence. Token supply was now around 3.5 million to 3.5 million on Ethereum and BNB chains, per Etherscan and BSCSCAN.

Blockchain Transactions using Ethereum USD1 Tokens (Arkham Intelligence)

Changpeng CZ Zhao, founder of Crypto Exchange Giant Binance, has taken extensive attention to the tokens by “welcoming” the BNB chain’s projects with a screenshot of the USD1 BSCSCAN profile shared with 10 million followers. The post, which I said later, sparked a wave of copycats aimed at attracting new attention.

The WLFI responding with the X post states that USD1 is currently unavailable for transactions, and crypto users should be aware of fraud.

Stablecoin topic

The WLFI, a project led by Zachary Folkman and Chase Herro, created Splash last year as one of the first crypto projects to enjoy backing Trump. The protocol aims to provide a blockchain-based market where users can borrow and lend cryptocurrencies, create liquidity pools and trade with Stablecoins.

It is widely known that the project is working on creating its own Stablecoin, but there was no official communication about the exact plan and timing of launching the token publicly. Coindesk contacted the team but did not reply.

Stablecoins is one of the fastest growing corners in the crypto industry and is widely regarded as a killer use case for blockchain. It is widely used as crypto trading pairs and transactions on blockchain rails, mainly towards the US dollar, as prices are fixed to external assets. It is also increasingly used for daily payments, remittances and savings, attracting the attention of many venture capital investors.

Over the past few months, talk around asset classes have rejuvenated as the Trump administration has raised stubcoin regulations to the top of its crypto agenda. Treasury Secretary Scott Bessent said Stablecoins play a key role in maintaining their global role as a reserve currency for the US dollar.

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Bibit CEO Label PI Network Scam, Quote Official Police Warning https://earlybirdsinvest.com/bibit-ceo-label-pi-network-scam-quote-official-police-warning/ https://earlybirdsinvest.com/bibit-ceo-label-pi-network-scam-quote-official-police-warning/#respond Sat, 22 Feb 2025 01:42:57 +0000 https://earlybirdsinvest.com/bibit-ceo-label-pi-network-scam-quote-official-police-warning/

Bybit CEO Ben Zhou said Thursday that his exchange would not list the PI tokens for the controversially released PI network on Thursday. The Chinese police warning from 2023 claims the project is a scam targeting elderly people, leaking personal information and losing their pension.

“There are several other reports questioning the legitimacy of the project,” Zhou posted to X. “Yes, I think you’re still a scam.

The PI network did not respond to Coindesk’s request for comment.

Token performed live on Thursday along with the project’s mainnet release. Users who “mined” their tokens by clicking on their smartphone screen once a day were finally able to transfer and sell the tokens.

However, Zhou, however, found himself on Exchange Bybit on Friday, midway through another issue. This was hacked for $1.5 billion by the North Korean Lazarus group.

The PI token debuted at $0.67 on OKX, rose by $2 higher, falling to 65%, and is now around $0.69.

One issue that raised concerns was marketing tactics that rewarded users who recruited other users. Every time a user persuaded someone else to sign up using the code, the first person’s “mining” reward increased. This idea was compared to BitConnect, the 2017 Ponzi scheme.

“The PI network is the largest Ponzi (scheme),” X user CryptoBeast posted to 656K followers.

The project also offers users the option to lock the token for three years. In return, they are promised an increase in reward. The same technique was found in the Hear of the Hex project. Its founder, Richard Schuler, is the fugitive that the US Securities and Exchange Commission (SEC) seeks to deceive investors.

The token’s market capitalization is $4.18 billion based on a $6.333 billion distribution supply. However, its inflation means that the maximum supply is 100 billion, and assuming it holds its current price, it has a totally diluted value (FDV) of an astounding $67 billion. I’ll give it. At launch, FDV reached $200 billion, almost double the amount of Solana.

Some exchanges have not been denied by concerns raised. According to CoinmarketCap, OKX, Bitget and Gate have won a total trading volume of $620 million for the PI trading pairs between them.

Read more: PI Network tokens debut at $195 billion worth despite minimal liquidity

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