According to official information, the Pi cryptocurrency was created with a noble purpose – to make sure that “no one is left out of the crypto revolution.” At the same time, it is directly stated that mining a new cryptocurrency is difficult, and investing in it is risky.
Pi Network App
Pi Network is a cryptocurrency and smart contract mining application that will not need huge energy costs. The team has developed a simple application that is designed to mine a new token, as well as store it.
Use this code to join Pi Network- KalpeshGh09.
Mining pi from your phones is practical unlike in the case of other cryptocurrencies where the rate of mining on phones is miserably low. This means that pi is a cryptocurrency that can be mined by everyday people and not just by computer scientists and big companies. This feature can be seen in effect in the growth of the pi network in just a year—35,00,000+ users!!!
The biggest feature of Pi in all of this is that “Pi is simple”, You don’t need to take courses on Blockchain technology, you don’t need to be an economist or an analyst, you just need to have a smartphone and that’s all.
Another factor that should be taken into consideration it's the background.Pi network’s founders include Stanford PhDs, Dr. Nicholas Kokkalis, Dr. Chengdiao Fan, and Yale and Stanford trained social movement builder Vincent McPhillips. As you can see, they’re not just real people (unlike Satoshi Nakamoto) but they’re also the top experts in this field ensuring the network's potential.
Click on the above image to know more.....
The project will develop in three stages.
Phase 1 – Creation and distribution of tokens;
Phase 2 – Testing network;
Phase 3 – Main network.
After the completion of phase 3, the emulator will be closed from phase 1, and the system will continue to operate independently. Future updates to the protocol will need to be agreed upon between the Pi owners and the development team, and proposed by a dedicated committee.
The successful implementation of such updates will depend on the nodes that need to adjust the mining software accordingly. Such a system is adopted in other blockchains as well.
The cryptocurrency will be completely decentralized and will not be regulated by any specific authority. Fake users and duplicate accounts will be removed from the network in a click. At this stage, Pi will be able to enter crypto exchanges.
How to Start Mining Pi Tokens?
Pi Network is a simple and easy-to-use application. In order to start mining the Pi cryptocurrency at this stage, you do not need to spend a fortune on the electricity and equipment necessary for mining.
All you need to do is go through steps such as:
Installing the application.
Signup.
Open the application once a day.
It should be noted that the main advantages of this app are that:
It runs in the background.
The phone does not hang because the application is closed and just mines.
Lack of analogs.
How to Buy or Sell Pi Tokens?
The most optimistic prediction for the Pi cryptocurrency is usually given by those who have already downloaded the application. Some experts suggest that a new coin at this stage can cost from $10 to $100. However, there is absolutely no evidence to support this, and the team launching the project does not publish any information
It is worth noting that tokens will be generated in advance up to 100 million, and then there will simply be an internal turnover of the generated assets.
What is the value of Pi?
Today Pi is worth approximately 0 dollars / euro etc. similar to Bitcoin in 2008. Pi’s value will be backed by the time, attention, goods, and services offered by other members of the network. Read less ...
By pooling our attention, goods, and services around a common currency, Pi’s members seek to capture more of the value that typically goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries.Today, we are laying the infrastructure for this digital currency and marketplace by distributing the currency, building the community, and developing the technology to ensure its security.
Final Say
To conclude this article, it should be noted that the Pi Network is currently an experiment in mobile mining. If the team continues to develop the project, the application can become a real phenomenon in the world of cryptocurrencies.
In order to join Pi Network you will need a invitation code before joining.
Use this code to join Pi Network- KalpeshGh09
More information about Pi network - https://minepi.com/