In this post, you will know what is pi network and how they have evolved. The Pi Network is a cryptocurrency project created to decentralize and disintermediate funding to reach a larger audience than its competitors by basing its mining activities on smartphones.
This supposedly different strategy for the cryptocurrency industry ensures that users of all backgrounds can use the network as long as they have access to a smartphone and the internet.
The Pi Network app is easily accessible and can be downloaded from both the Apple App Store and Google Play Store. The network has a referral system that ensures more users are added to the platform as mining sessions cannot be completed without a successful referral.
Is the Pi Cryptocurrency a Scam?
At the moment, Pi Network cannot be called a direct scam as users do not invest any money in the platform. Network that offers nothing in return. Is the Pi Cryptocurrency Worth Anything? The Pi-Coin is currently worth nothing. Investors are concerned about the value of the pi coin or the price of the pi network as they want to earn from their investments.
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However, the Pi Network amasses millions of followers based on a “promise” of immense wealth. Currently, pi coins are not listed or traded on any exchange, either centralized or decentralized, hence they are worthless.
How can I mine Pi cryptocurrency? WHAT IS PI NETWORK ?
What is PI Network? The Pi platform offers users a simple and straight forward way to mine Pi coins using their smartphones. In the Pi app, users can mine Pi Coins simply by pressing the “MINE” button on their dashboard. Every new account on the platform will receive a free Pi (1π).
At the end of each 24-hour mining session, users must trigger the next mining session by tapping the button again. Should I keep collecting Pi Coins? It is true that the pi coin is currently worthless as it is not yet listed on any exchange, but the project promises to bring a lot of value to its owners and especially its early contributors.
Therefore you can proceed. Collect the Pi-Coins as it doesn’t take much work or money to mine them, hoping that one day they will become valuable.
Is Pi Coin like Bitcoin?
Pi Network enthusiasts have always associated everything about the project with Bitcoin in one way or another. Although the pi coin tries to apply some of the principles of bitcoin, both coins do not work in the same way. Pi claims to be halving just like Bitcoin to protect its scarcity by halving the mining reward. However, this has not been tested in theory. Moreover, while Bitcoin is traded globally, the same is not true for Pi.