What is PI network?
So Pi network, they offer the only minable coin (PI) on phone. You earn PI in exchange to help secure the network and growing PI´s trusted network and their blockchain. The more you secure the network the more you earn.
pi gives ordinary people a chance to profit from cryptos. Not like Bitcoin, when you now need mining devices for several thousands.
There is no guarantee the project will succeed, but it seems like they will. The nodes are in testing right now, myself applied to be a node and now being tested for that. The wallet has been released as a separate app.
the release of the mainnet does not seem to be too far away. They have in later updates included a chatt in the app. They have really succeeded in building a community because of this
So how do you help secure the network and earn PI? what you do is invite more people to mine PI so so you can put them in "safety circle" in the app. The more invited in the circle, faster you mine to a max of five in the circle. You get a mining bouns of just having one in the circle. But you do have the maximum mining bonus if you have the minimum of five in the circle. But hey you! it´s not over yet, you can get a even higher mining speed. We take an exemple you have invited fifteen to PI, with you´re own invite code all of them you have put in yours safety circle. First of you have the bonus of minimum having five in the circle. They don´t need to be active mining, you get the bonus anyways. Then you have a bonus based on how many is online mining. We say four is online mining, you get a bonus of these four active miners. But if all fifteen is online and mining you get your maximal bonus speed on your mining. Because you have not invited more to PI network. The more of the invited that are online mining the higher mining speed you get and the more you secure the network the more you earn. A smart feature which is included in the app is that every twelfth hour you can ping everybody that aren't are online mining and they get a notice, a popup on their phone. To mine you only need to press mine in the app every 24 hour, then all runs by itself the background of the phone.
Invite code: Rallee