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Pi Network update - Value exchange in China & Korea
To me, Pi Network look more like a future-to-be crypto that give out free airdrop EVERYDAY as long as you stay tune and come back to the apps to "check-in" every 24 hours.
What they get is your attention , whatever new announcement they going to make will be spread to subscribers at the fastest pace , as most members make a return to app every 24 hours.
To the users like us, I'd like to share with you the risk and reward side.
1) Our risk will be limited only to waste of your daily 10seconds to "check-in" the apps. If you find this is hoax, you can anytime just uninstall the apps and move on and destroy whatever amount Pi you find worthless.
2) Rewards: As a total brand newbies, one can get 6-10 pi coins with the current "mining" speed . If Pi worths $0.10, you get free $0.60-$1 each day just by "check-in" the apps. How about if Pi Coin worths more ?
Below I'd like to share what happened in the PI network among their Chinese members. You can choose not to believe , just me myself think worth to try & no harm:
Some senior pioneers in China , who already did the KYC and able to transfer Pi coin among them. They have traded Pi with physical goods!! (They have setup Pi Mall in Wechat Virtual Shop)
Example, they have traded Phone (VIVO Y5s) worth RMB1498 for 46.5 Pi !!
Those able to exchange were those early early birds that passed the KYC. They are very looking up to this project, and push for the exchange (built on wechat internal merchadise shop). From what i observed, most common product they exchange is the phone reload credit
At this moment, Pi has got no value, they are at the stage of building nodes (Stage 2) now. Only the next stage will be listed and have value.
eg if you started first day at 8am, the next day 8am it will prompt/remind you to click and activate, if you forgot until say same day 6pm. You nothing lose, just click and activate. Then your second day will start from 6pm until next day 6pm and system prompt you at 6pm to click.
Even if you forgot to click for few days, you just never get the air drop of the days you forgot. As soon as you remember, you can continue to get the airdrop .
Thank you for the information. I like agree with the question that you pop up in the articles. What if it have values in the future?
This is also the same question that I keep in my mind, and it brought me to where I am now. Getting to know more and more about cryptocurrency. I invited you to be one of the moderator to the community I created "Share Some Thoughts (SST)". I have type in the rules too. Would you care to join me?
Now that i have seen this, if the Chinese and Korean exchange of pi coins for physical products then the pi coin value will definitely go up in the future. Right now let keep the mining process going, and tell as much of our friends that we can. The future is bright
It looks Pi very On in china, can refer this website https://pibi.app/index.php/431.html .
Last apr 24, someone willing to accept 66Pi for exchange of new Huawei P40 phone.
Can just mine PI and keep an eye whether it really that much, nothing lose, just waste ur daily 10secs of clicking.
Let's keep it going as much as it lasted, just 10sec a day is not a thing at all. Am not anxious of getting an exchange for my pi coins now, am looking forward to December before thinking of what to do, hope by then there will be an exchanger for pi coins plus the value going up.
Hey @auleo from which platform can I exchange it then???