Cryptocurrencies in the last few years have reached an all-time high in terms of popularity and usage. The popularity is growing especially because a lot of people are making a lot of money with it. The point we want to make here is that you might want to invest in something like Pi Network. We know there are so many cryptocurrencies out there, but we think our advice is worth listening to seeing as we will give you the best possible advice when it comes down to it.
What is Pi Network?
Pi network is a digital cryptocurrency with minable through smartphones. The pi network developed by Stanford graduates, Kevin pepper and his two graduate friends. their aim is cryptocurrency accessible to all in day-to-day life. moreover, mining is the hardest process in like bitcoin cryptocurrencies, but with pi network only need a smartphone and pi coins minable through a mobile app.
How does Pi network work?
Like major cryptocurrencies such as bitcoin works as proof of work protocols. however, pi’s consensus algorithm builds atop SCP. Scp has one of the proven and is currently implemented in stellar networks. moreover, pi nodes validate every transaction in a distributed ledger with consensus atop SCP.
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pi intends to allow devices or individuals to contribute on the protocol level and get rewarded.
Pi network users roles
In the pi network, you can play four roles. Also, these are the four roles of earning pi coins through the pi network. Pioneer, Contributor, Ambassador, and Node.
A pioneer does do mining process in pi network mobile app. users they are confirming daily basic not a robot by simply sign in the app. every 24 hours continue this process and mine pi coins daily.
This means a pi network user contributing by providing the list of trusted pioneers. so this will build a global trust graph around pi contributors.
Pi network’s referral program is called the ambassador program. people who join the ambassador program helps to increase mining rates by 25%. ambassadors create new customers and earn a percentage of every customer payment. To receive this incentive, users need to promote the Pi network with their own custom username referral codes.
With node software, a pioneer or contributor can run a pi network on desktops. node helps mines pi coins even without using mobile app. pi node software run the same consensus algorithm builds atop SCP.
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Pi Network price prediction?
pi network DigitalCoin’s price prediction shows that it’s one of the best cryptocurrency coins to be placed in your portfolio. It has a stable value held over time mainly because pi being resistant to changes like supply and demand affect its value. At the moment, pi has been growing exponentially backed by its dedicated team as well as its great community support.
DigitalCoin’s price prediction this year is around $0.0132 to $0.00743. it will depend on the number of crypto exchanges adopting pi coin and several other reasons.
However, it’s extremely difficult to predict a stable price because of cryptocurrency’s extremely volatile asset by trends, technical, and news. so, never be depends on price predictions.
Pi Network login
To start to earn pi coins you have to download the pi network mobile app from Google Play Store or iOS App Store.
- Continue with Facebook or Phone number
- Set up an 8 digit password
- Fill up first name last name and user name
Username will act as your referral code when you join the ambassador program. Also, only unique usernames are allowed.
- Next, enter invite code. it must enter an invitation code – Vishnumsd9900
To earn as many pi coins as possible, tap the mining button every twenty-four hours. Once it’s complete, come back again in 24 hours!
Pi Network scam or legit?
In my opinion, the pi network is not a scam. It’s a 100 percent genuine cryptocurrency project. It’s free to use without any investment. You can start mining Pi coins whenever you decide, and it’s perfect for those who don’t like to worry about the technical aspects of mining cryptocurrencies. However, you can consider this project completely fraudulent because they’re basically stealing money from other users and delivering no work results!
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Pi Network FAQ
It's pi network real or a scam?
Pi network, not a scam. It’s the genuine effort from Stanford graduates that give everyday people grater to access cryptocurrency. A pi network core team led by two Stanford PhDs one Stanford MBA. All of whom helped build Stanford blockchain technology
Why do you earlier pi member mine at a Higher rate?
Earlier members mine at a higher rate, reward contribution to the network when they are most needed. Pi aims to would the most widely and used cryptocurrency. To achieve that goal, the earlier member’s contribution will ensure its success. The rate will fall eventually to 0 when the pi network reaches a certain number of users.
What is the Pi network security circle?
A security circle is a group of 3-5 trusted people, each pi’s member. Security circle secures the currency by building a global trust graph that prevents bad actors from executing fraudulent transactions. The pi network security circles from a globe trust graph determine who can be trusted and executed transactions on the pi network ledger.
Can I withdraw pi coins
Currently, you cannot withdraw your mined coins. You will be able to withdraw or exchange pi for other currencies in phase 3 Currently. Transactions, fully decentralized blockchain. You will be able to withdraw or exchange pi for other currencies in phase 3.
How much is pi network value?
The pi network value is currently nothing. Stage 2 development, not launched cryptocurrency marketplace. Some rumors around the corner are saying when the coin launches on the exchange, expected in 2021, it may reach a value close to that Ethereum $200 or more.
Pi network referral code
To start mine on the pi network you must enter a referral code. you can use any referral code you want. Vishnumsd9900 pi network referral code.
How do you convert pi to cash?
As of now, your mined pi coins cannot convert into real cash. Currently, they enabled peer-to-peer transactions using the pi wallet.
In this article we highlight the pi network cryptocurrency. we explain what is pi network, and how you can be part of this by earning pi coins. simply pi network helps you to hold some cryptocurrency without any investment. maybe you have been sitting of a handsome once it’s launched.
We hope you enjoyed reading our article about pi cryptocurrency. So what are waiting for download the pi network app and start earning pi today?