Pi network, What is it? And why you should join?
To determine whether a project is a scam or not we must first understand what it is, who is behind this and what problems does it solve. What is pi? Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone. Cryptocurrencies are new form of digital money that are maintained and secured by a community, instead of by governments or banks. Today, you can mine (or earn) Pi by helping to secure the currency and by growing Pi’s trusted network. While most cryptocurrencies (like Bitcoin) have been very hard for everyday people to use and access, Pi puts the power of cryptocurrency into the palm of your hand. Is this real? Is Pi a scam? Pi is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency. Pi’s core team is led by two Stanford PhDs and one Stanford MBA, all of whom helped build Stanford’s blockchain community. We cannot guarantee that the project will succeed. However, we do promise to work our hardest to make our shared dreams a reality, while maintaining the highest standards of integrity. You can learn more about us in “Core Team” page in the main menu of the app. How does the app work? How do I earn more pi? This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn. To start earning Pi, check in every 24 hours and hit the lightning button to start mining. Once you are mining, you can boost your hourly rate by inviting trusted friends and family to join the community. After 3 days of mining, you can boost your earnings more by building your security circle, which contributes to the overall security of the network. Keep in mind, earlier members of the network mine at a higher rate than those that come after them. Disclaimer: Pi is NOT free money. Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members. Pi is dedicated to helping everyday people capture more economic value that today goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries. Pi depends on the collective contributions of its members. If you are looking for quick money, look elsewhere. Overall, I don't think that the Pi network project is a scam, rather, it should be considered as a long term project that could potentially promise good returns. To sign up, simply click this link : minepi.com/binyegg or you could download pi network at https://play.google.com/store/apps/details?id=com.blockchainvault and enter the code **binyegg** upon signup to receive 1 pi
6 comments
True is a BIG scam. Because the people are just using it for their profits and need.
Just because you dont get money instantly makes something a scam, kindly do more research.
I can't say its a scam but here are some points that makes it skeptical about. 1) It says coin is mining without battery drainage and internet connection. So, it's not mining at all as blockchain requires some sort of computation power and internet access to validate tranasction. 2) It doesn't specify yet consensus mechanism for the node validators and no clear-cut roadmap. 3) It showing advertisement on app in beta phase (and before launch of mainnet??).! I do understand that developing blockchain requires some finance but not the way displaying ad and making compulsion for each user to see it. Thats not the way Standford graduate genius would do that. In fact, read.cash haven't shown till any single ad but still providing platform to users in real time with use cases.. 4) The project is now lagging too much behind of time. 5) It gets attention via only mouthpiece marketing. None of the expert have recognized it as a potential project. 6) Code is not open source yet (on Github or on there official site). So we don't know yet whats going on. We rely only on announcement so can't confirm there credibility/authority.
Good points! We really can't do nothing but hope that something comes up for it
I’m just keeping it “mining” on my phone. I don’t know what will happen though in the coming month.
I don't pay anything, so basically it is not a Scam.