What is Pi Network?

Introduction:

Pi is a cryptocurrency that can be mined on a smartphone today.

Objective of Pi:

• Mining major cryptocurrencies has become next to impossible.
• Investing in cryptocurrencies need a lot of Technical Analysis and is highly risky.
• Almost all of us have left behind the Bitcoin revolution.
• Pi addresses these issues and makes mining easy with a single tap on your phone every 24 hours.
• The breakthrough technology that Pi uses allows us to mine on our phones without draining our battery.

History of Pi:

• Launched in Dec 2018, it took about 1 year to reach 1 million, but it did not take a year more to reach the next 10 million benchmark which is current track record.
  This shows how quick and rapid the penetration of the network is and the strength and faith that is put in by the Pioneers across the world.
• Pi Network is mainly built and developed by 3 people who are considered to be the core team of the Pi Network who are:
• Dr. Nicolas Kokkalis (Head of Technology)
• Dr. Chengdiao Fan (Head of Product)
• Vincent McPhillip (Head of Community)
• SocialChain Inc. is the parent company of the Pi Network brand.
• The major advantages of the Pi Network that the community is claiming are:
• Simple mining (just with a tap on the smartphone every 24 hours)
• eco friendly mining (it doesn’t take huge electricity or power consumption unlike other cryptocurrencies, and it won’t even drain your phone battery as you don’t have to run the app in the background).
• Fantastic and futuristic core team.
• Fair advantage to everyone in terms of mining unlike mining other major cryptocurrencies have become a lot more technical today which is practically not possible for a lay man.
• The progressive evolution that the Pi is going through over a period of time.
• The initial steps towards penetration of the Pi Network among users and the suppliers.

Roles in Pi Network:

1. Pioneer. A Pi user who is daily opening the app and click on the mine button thus confirming that he/she is not a “robot”.
2. Contributor. As a contributor, a Pi user adds other friends or family members whom they can trust blindly that those are real people who can be done KYC in future and they are not fraudsters.
3. Ambassador. A Pi user who is introducing others into the Pi network.
   You can join the Pi Network with my invitation code itulasikrishna
4. 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. The Pi node software is the software that runs the core SCP algorithm.

Note that one person can play more than 1 role in the network.
Meaning, a Pioneer can be a contributor, ambassador and node too.

Expectations on Pi:

There are various expectations on the value of Pi to be in the future from $1 to $10 to even $1,000 as the speculators claim.

But, as the developers have confirmed, Pi is currently holding zero value.

In the absence of the real market where buying and selling actually takes place and the price is determined by demand and supply, of course, the value of Pi in the future is unpredictable at this point of time today while I am writing. (25 Jan 2021).

Having said that, based on the futuristic ambitious vision of the core team, I am very bullish on the Pi Network.

Worst case scenario, all that we have invested is nothing in terms of finance but about 10 seconds a day clicking on the mine button every 24 hours.

Invitation to join Pi Network:

You can join the Pi Network with my invitation code itulasikrishna as I am mining 24*7 without stop.

You can benefit mining at a higher rate out of my continuous mining.

Also, I will ping the inactive miners once every day, so that you won’t miss a single day mining.

If you think, you might go inactive sometimes, you can also refer your friends or family to join the Pi Network with my invitation code itulasikrishna

Click to download the Pi app from playstore or appstore

Let’s be a part of probable tomorrow’s goldmine!