What is Pi network: Today, we will talk about the Pi coin of the Pi network. If I tell you that you can earn money in the future even without investment, then maybe you will find it funny, but Pi network is such a crypto market network in which you can earn a lot of money in the future without investing a single penny.
In today’s time, the digital cryptocurrency trend is increasing at a rapid pace, and everyone wants to invest a little bit in this market. Although no clear guidelines have been issued regarding cryptocurrency in India yet, people are investing in it.
And I don’t think you should miss this chance. So, read the complete information that I am sharing with you today. If you miss the opportunity today, you may have to regret it in the future. Because the thing which I am sharing with you doesn’t require any money.
What is a Pi network?
We all know what bitcoin is. Similar to Bitcoin, the Pi network is a new cryptocurrency, which we can mine using our mobile. A cryptocurrency is a new form of digital money. Cryptocurrencies are created and secured by a community rather than by governments or banks. There are two ways to earn any cryptocurrency: the first is to either buy it or find it (mine). Currently, a GPU miner is required to mine any currency, which is quite expensive. Whereas, PI Coin is the first digital currency that we can mine on our mobile, and there is no fee of any kind to mine it.
Who created the Pi Network?
Pi Network is created by a team of graduates from Stanford University, California, to give everyday people greater access to cryptocurrency. Computer scientist, Dr. Chengdiao Fan leads Pi’s core team, Dr. Nicholas Kokkalis, all of whom helped build Stanford’s blockchain network. This network was born on March 14, 2019. And today, more than 10 million people have joined this network. This team says that they cannot guarantee the success of this project, but they are working hard to make this project a success.
What is the price of PI Coin?
The price of any coin is determined when it joins the Mainnet or exchange. Any coin has to go through two stages to join the exchange, and then it gets included in the Mainnet in the third stage. Right now, PI Coin is in its second phase, as soon as this coin reaches the third phase, it will be included in the exchange. Only after that, the price of this coin will be determined. Right now, we can’t buy or sell this coin. We can only mine it through mobile.
How to earn PI Coin?
You can only earn PI Coin by Mining. To mine this coin, you have to install its Android app. After that, you will have to create your account, then activate the account by entering the referral code of PI Coin, only after which you can earn this coin.
Let’s start step by step on how to do Pi coin mining?
First of all, you have to install the app of PI Network, you can install this app by clicking on this link.
For Android Phone: Install now
For iPhone: Install Now
- After installing the app, open it.
- Verify by entering your mobile number.
- After this, enter your name.
- After this, write a PI Coin referral code and click on Next.
- You should have a PI Coin Referral code to start mining.
To start mining, click on the energy icon on the right-hand side. Mining will begin as soon as you click on this icon. After that, you don’t have to do anything. You can also close this app. This app continues the mining process by operating in the background. See the image below.
This process continues continuously for 24 hours, after which you have to open this app again and click on the mining button. Once you click on this button, the app will automatically start adding coins to your account. The more people you add below you, your mining speed also increases, and you can mine more and more coins in a day.
Pi network Role:
Pi has set four roles for people who join its network. These rolls help increase your mining speed. These four roles are as follows:
Pioneer – Under this role, you have to do mining continuously for 3 days on this app. Once you click on the mining button, this mining continues for 24 hours. After which, you have to open the app again and click on the mining button. If you keep the mining process running for three days, you complete this step.
Contributor – After mining for three days, you get the icon of the security circle in the app. Click on which you have to complete the further process. To become a contributor, you have to add 3-5 people.
Ambassador – To become an ambassador, you have to add new members. According to the number of mining members you create, you get to mine 25% more pie coins.
Node – This role is not yet enabled for the user in the Pi app. This feature is likely to be activated soon.
Features of Pi Coin:
The most significant feature of Pi Coin is that we can mine coins on Android and iPhone. And its mining app consumes very little internet data to mine coins through this app.
How much can a pie coin cost?
Friends, no one can tell clearly how much this coin can cost. We can know the price of any coin only after it is included in the exchange. Because, many things determine the price of a coin, such as, what is the structure of the coin? How much is the transaction speed and fees? What will be its strategy regarding the future?
Where would the use of the pie coin be?
Like all other cryptocurrencies, We can use Pi Coin for trading activities like buying goods online, paying for services, etc. Anyway, in today’s time, it is estimated that the pie will be used to buy goods and services or trade for profit, like other cryptocurrencies.
Can Pi Coin be a scam too?
It is hard to say this till now, because it doesn’t get any investment, nor we can buy or sell it. That’s why it is difficult to consider it a scam. But many experts say that there is no harm in it. And many people said that they can steal our data using this app.
If you are very cautious about your data information or keep sensitive things on your mobile, then you can use your other phone to mine this coin in which you do not do your essential activities.
Note: The purpose of this article is to give you information about the Pi coin of PI Network. If you want to join this network, join it at your risk. We do not endorse PI Network, PI coin, or anything related. Do your research before using it.
Will Pi ever be worth money?
At the time of writing, the Pi coin has No Value. Pi coin value will be near 70$ in 2024 and it will fluctuate also but will gain more value ultimately. It can be near 800$ in 2026. This also depends on the market.
Is the Pi Network real?
The Pi Network is a blockchain-based digital currency platform developed by Stanford PhDs. There are currently over 10 million users (miners) that earn (mine) the Pi coins/tokens on their smartphones free of cost, free of privacy infringement, and close to zero CPU, data & battery usage.
Follow Seeker Times on social media handles for quick information.