Let's take a look at two cryptocurrency projects and compare them to show you which one actually has the highest chance of success. The projects I will compare to each other are Pi Network and Bee Network.
In this article let's going to focus on a comparison of the things that we can actually compare and the reason why I decided to make this article is because I notice there's a lot of false information out there especially when it comes to Bee Network.
In order to get started. Let's put Pi Network and Bee Network dashboards together and you'll already notice that both apps look quite similar in terms of what you can do.
Both of them have a counter of how many coins you currently own, both of them show you how many people are actively mining in your team and how many you have invited total and both of them have a button that allows you to start a new mining session.
So let's take a look at what differences there are actually between these two projects.
Pi Network originally launched in early 2019, whereas Bee Network only launched in late 2020 so Pi Network is roughly or almost two years older than Bee Network.
During that time, Pi Network grew to more than 10 million users, whereas Bee Network during the first couple of months already reached the 1 million user benchmark, mostly because a lot of Pi Network user also decided they're going to press the mining button in Bee Network, but that does not automatically mean that Bee Network is the better project.
In Pi Network, you mining for yourself originally got you 0.2 Pi per hour and eventually got half to 0.1. In Bee Network, you started off with 1.6 Bee per hour if you were among the first 100,000 users. And once Bee Network reached the 100,000 users milestone, the mining rate half to 0.8 and eventually at 1 million users it will halved again to 0.4.
So there's a lot of people out there that say Bee Network is better because you receive more coins but that is not true. Because if you think about it, in order to determine the value of Bee or Pi coins when they reach phase 3 and will be tradable, one crucial factor is the total supply of coins, and because Bee Network gives every user more coins than Pi Network, the total supply of Bee coins will be higher than the supply of Pi coins making it likely that Bee coins will be less valuable - which brings us to another very important core differences, the milestones achieved.
Pi Network already achieved some of its milestones along the way and it's most likely going to reach phase 3 where the coins will actually be usable and achieve a value during 2021, whereas Bee Network is currently still in phase 1 and doesn't have any of the more complex features that Pi Network offers.
And according to the Bee Network's white paper plan to reach phase 3 in 2024. Now, what does this mean for you? It means that if you are a member of Pi Network, you will likely be able to actually use your coins in some way before the end of 2021, whereas if you are a member of Bee Network, you don't yet know how certain the project will actually succeed. You still have a couple of years to mine coins so there's a benefit if Bee Network actually succeeds, you will have a bigger balance, but you won't be able to use any of those coins until 2024 assuming that they can stick to their own timeline.
Just based on the information that we have right now in this article, it makes more sense to sign up for Pi Network than it does for Bee Network because in Pi Network it's already very likely that you will be able to use your coins by the end of this year, whereas in Bee Network you don't even know if the project will succeed.
But once we consider that in both Pi Network and Bee Networks, you don't really have to invest anything other than opening the app once per day and pressing a button, you may as well sign up for both.
Pi Network again is the likelier project to really succeed and have a value within a reasonable time, where Bee Network is more like a gamble where we don't know yet how serious the project is and if they actually will succeed, but if they succeed and go live in 2024, you would have a huge amount of coins within a huge network.
Obviously, there's a lot of features that Pi Network already has that Bee Network is still lacking but we're not going to focus on them in this article because it would be unfair considering that Bee Network is just on the market for a few months whereas Pi Network already on the market for almost two years.
What you can take away from this article is that if you're using only one of the two apps, you should definitely check the other one and sign up for the second app as well because while Pi Network is very close to reaching phase 3, that's no guarantee that they will succeed and no matter how much Bee Network is lacking behind that also doesn't mean that they will not actually succeed in 2024. So it's definitely worth using both apps and pushing both buttons at the same time.
If you are using Pi Network, I would recommend reading some of my articles about it: