- Pi is a new digital currency developed by Stanford PhDs, with over 7 million members worldwide.
- Pi is a new cryptocurrency for and by everyday people that you can âmineâ (or earn) from your phone.
Already listed on Coinmarketcap (project is featured as an 'Untracked Listing' )
Mine at a higher rate while you can. The mining rate will either halve or fall to zero when Pi reaches 10M engaged Pioneers. Donât miss out! We are still very early. :)
At this moment Pi Network have more than 8 millions engaged Pioneers...
Pi is not Free Money!
- It is a long-term project whose success depends on the collective contributions of its members.
How does this app work & how do I earn more Pi?
- This app allows you to earn Pi by making simple contributions to Piâs community.
- The more you contribute, the more Pi you earn.
Do I need to leave the app open to mine? Does the app drain my battery or data?
- You do not need to leave the app open to mine.
- Pi does not affect your phoneâs performance, drain your battery, or use your network data.Â
- Once you hit the lightning button, you can even close the app and you will continue to mine Pi.
Can I withdraw my Pi? What is the timeline for withdrawals?
- No, you cannot withdraw Pi yet! You will be able to withdraw Pi or exchange Pi for other currencies in Phase 3 of the project (now is going phase 2) when Pi transitions to a fully decentralized blockchain.
Is this app a wallet? Will we hold our own private / public keys? And can we use an external wallet to hold our Pi in the future?
- Yes, your phones will serve as a cryptocurrency wallet that will be linked to your current accounts (number / Facebook)
TEAM
JOIN THE TEAMÂ - "We are currently looking for talented students to help us in the areas of Distributed Systems, Back and Front End Development, Social Scientists and Businesspeople."
Socail Media:
-Â Twitter
-Â Facebook
-Â linkedin
-Â instagram
Pi Network Mining Step by Step Guide:
1. Download Pi Network app here.
2. Sign up with Facebook or phone number.
3. Set up your password.
4. Fill in your profile details. Make sure you provide your real name. Then continue with the country and phone number.
5. Enter the invitation code. Use (CryptoMadness) as your invitation code!
6. Congratulations, you have just signed up. Then tap the lightning icon on the right.
7. Make a small tour with the Pi mining app. Now you are ready to mine PI. After signing up, every user receives 1 PI.
!DONE!
NOTES:
1.  To prove that you are a real person, not a bot, you need to go to the application every day. The cryptocurrency will be credited within 24 hours, after which you need to activate Pi Network mining again. If it is very hard to keep everything in your mind, turn the notifications on.
2. You must to verify the phone number (if you used it for registration!) Follow below steps:
Go to Profile >> Phone Verification >> Manual
Copy your verification code and send it to provided phone number, making sure you are sending with registered phone number.
Else you can't withdraw when withdrawal will available!
3. The system provides the following ranks:
Pioneer. This is the initial level for all users. The mining volume is 0.25 Ď/h.
Contributor. To unlock this level, it is enough to mine cryptocurrency for three days.
Ambassador. This rank is for users who invite other participants to join the Pi Network.
Node*. Those participants who have connected additional hardware to the network. Access the Pi App from your computer and apply to join the Pi Testnet. Learn More
Download Node (available for Windows OS & Mac OS)
* If your PC/Laptop have a virtualization function - You should turn on it in the BIOS. In other case - don't try to install Node!!!
For example:
PS:Â I can't write more info about Node & how to use Node because I didn't install it!
4. Why do earlier members mine at a higher rate?
Earlier members mine at a higher rate to reward contributions to the network when they are most needed.Â
"Pi aims to be the worldâs most widely used and distributed cryptocurrency. To achieve that goal, Pi incentivizes its earliest members to make contributions that will ensure its success (e.g., securing and growing the network). To reflect the importance of early contributions, the rate of mining decreases as more people join the network. At this time, the base rate of mining halves every time the number of active users increases by a factor of 10 (see graph below). This rate will eventually fall to 0 when the network reaches a certain number of users (e.g. 10 million or 100 million). At that point, just like Bitcoin, miners will continue to be rewarded through transaction fees and not through the minting of new currency." Â
5. What is the Ambassador role? How does the earning team work?
As an Ambassador, you earn up to a 25% bonus on your base mining rate for each person you invite to the network.
6. What is the Contributor role? How do I become a contributor?
Becoming a Contributor allows you to earn more Pi by building a security circle of 3-5 trusted members.
7. What are security circles?
Security circles are groups of 3-5 trusted people built by each of Piâs members. Security circles secure the currency by building a global trust graph that prevents bad actors from executing fraudulent transactions (fell free to add me to your security circle!)
đ The brief Conclusion about Pi coin đ
- Pi is a digital currency that you can mine on your phone!
- The Pi mainnet is scheduled to launch in 2021. With the beginning of phase 3, there will be an entry to the exchange and will acquire market value, at which you can sell your Pi coins.
- It is enough to enter the application once a day to extend the distribution for another 24 hours by pressing the lightning button! âĄď¸
- Mining from 0.20 to 10 Pi coins per hour, depending on your team, like a cumulative faucet.Â
- Before the launch of phase 3, you will need to go through KYC and provide a person's identity document, everyone who does not provide will be blocked with the cancellation of the mined coins !!!