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Pi coin review read all you are expected to know about the pi network. Nowadays as we all know there are lots of coins listed on the internet with different means of earning their coins?
Let have a little throwback to 2008 when bitcoin was been mine for free. Many users believe that bitcoin is just a waste of time that it will be a coin that will not come into existence. But now bitcoin is one of the best cryptocurrency in the world now.
Now there is no way that you can mine bitcoin for free if you need bitcoin for any of the transactions you need to buy bitcoin for it.
Now it has comes to another errand where you can mine pi coin for free just as the way they were mining bitcoin for free. Although pi coin does not have any economic value for now in the future it may have economic value.
Pi coin already has millions of users in the world that are already mining pi network for free. If you want to be a beneficiary of this project you should start your own mining now.
Because very soon the third phase of the project which is called the mainnet will soon be listed. And once the third phase is listed users can have access to withdraw their pi coin or do whatever you like to do with your pi network.
So in this article, I am going to work you through the entire step you need to know about pi network in detail. Just keep reading to know about pi network. Let get started!
Table of Contents
What is pi coin?
Pi coin is a new cryptocurrency that allows everyday people that you can mine for free or earn from their phone devices. Pi network is not free money. It is a long-term project whose success depends on the collective contributions of its members.
Today, you can mine or earn pi by helping to secure the currency and by growing pi’s trusted network. While most cryptocurrencies (like Bitcoin) have been very hard for everyday people to use and access, pi puts the power of cryptocurrency into the palm of your hand.
How to join pi coin?
- First, you need an invite link
- Click on this link and download the app
- Choose any of the verify sign methods
- Use this invitation code: Isojeeruore
- Good to go
How to mine pi coin?
- Click the symbol that looks like a charging icon
- Come back later in 24 hours to mine
- Every 24 hours you will be reminded to mine with a notification on your phone to mine pi coin
How do I earn more pi network?
To start earning pi network, check in every 24 hours and hit the lightning button to start mining. Once you are mining, you can boost your hourly rate by inviting trusted friends and family to join the community. Keep in mind; earlier members of the pi network mine have a higher rate than those that come after them.
Why do earlier members mine at a higher rate?
Earlier members mine at a higher rate to reward contributions to the network when they are most needed. Pi incentivizes its earliest members to make contributions that will ensure its success (e.g., securing and growing the network). To reflect the importance of early contributions, the rate of mining decreases as more people join the network.
What is the Contributor role?
Becoming a Contributor allows you to earn more pi by building a security circle of 3-5 trusted members.
How do I become a contributor?
Pi network contributor role becomes unlocked for users after you’ve finished 3 mining sessions as a Pioneer. After 3 days of mining, you will see a new icon of the security circle on the home screen of the app which you can click to start. To become a contributor, you need to add 3-5 people who you trust to your security circle.
What is the value of Pi?
Today pi coin is worth approximately 0 dollars/euro etc. similar to bitcoin in 2008. Pi’s value will be backed by the time, attention, goods, and services offered by other members of the network.
Can I withdraw my pi coin?
No, you cannot withdraw pi coin yet. You will be able to withdraw Pi or exchange Pi for other currencies in Phase 3 of the project when Pi transitions to a fully decentralized blockchain.
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When will Pi be worth something?
Pi’s holders will be able to turn Pi into real money when they either purchase goods and services on Pi’s marketplace or exchange Pi for fiat currency.
Is pi coin a scam?
Pi coin is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency.
Pi’s core team is led by two Stanford PhDs and one Stanford MBA, all of whom helped build Stanford’s blockchain community. We cannot guarantee that the project will succeed.
How does this app work?
This app allows you to earn pi by making simple contributions to Pi’s community. The more you contribute, the more pi you earn.
Roles pi coin users can play
- Pioneer: This user validates their presence every time they sign in to the app. They can also open the app to request transactions (e.g. make payment in Pi to another Pioneer)
- Contributor: A user of the pi mobile app who is contributing by providing a list of pioneers he or she knows and trusts.
- Ambassador: As an Ambassador, you earn up to a 25% bonus on your base mining rate for each person you invite to the network
- Node: A user who is a pioneer, a contributor using the pi mobile app, and is also running the Pi node software on their desktop or laptop computer.
Conclusion
Thank you for your time in going through this review. I hope you gain something useful from this article. Feel free to leave a comment down below if you have any opinions about this platform.
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