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Pi Network: Bitboy Revealed Big Secret on Pi Network Founder - Also Predicts Mainnet (Part 1)Fake cryptocurrencies don't produce thoroughly written and researched white papers. The fakes are poorly written, with figures that don't add up. 1. Fake ICOs. A fake initial coin offering (ICO) has all the trappings of a legitimate ICO but with none of the supporting technology or infrastructure. The coin promised to help children around the world, but it turned out to be no more than a scam. The organizers and influencers made off with tens of thousands.