Pi Network is a Cryptocurrency like a bitcoin. Nowadays you are much hearing about it and want to know what is Pi Network (Currency) and Its Value in the market. We discuss this in detail later in this article, first, we should know what is Cryptocurrency.
What is Cryptocurrency?
Cryptocurrency is digital money. That means there are no physical coins or bills – it’s all online. You can transfer cryptocurrency online to anyone without any downtime like a bank. Bitcoin and ether are well-known cryptocurrencies, but new cryptocurrencies continue to emerge.
People can use cryptocurrencies to avoid instant payments and transaction fees. Some may find cryptocurrency as an investment, hopefully, the price will go up. You can buy a credit card with a credit card or, in some cases, get it through a process called “mining”. Cryptocurrency is stored in a digital wallet on your computer, or on other hardware, either online.
What is Pi Network (Currency)
According to Pi network:-
As the world goes digital, cryptocurrency is the next natural step in the evolution of money. Pie is the first digital currency for everyday people to represent an important step in the adoption of cryptocurrency worldwide.
The mission of Pi Network: Create a cryptocurrency and smart trading platform that is secure and operated by everyday people.
Our vision of Pi Network: Create the world’s most comprehensive market by peer-to-peer fuel with the world’s most widely used cryptocurrency.
Disclaimer for more advanced readers: Since Pie’s mission is to get as involved as possible, we’re taking this opportunity to introduce our blockchain novices to the rabbit hole 🙂
How Much Is Pi Worth?
The Pi Network cryptocurrency is currently worth nothing yet as it is in the second stage of development and it has not yet launched on the blockchain, but a back-end marketplace already has users exchanging the currency for up to $10 a coin.
Some users have said that when the coin launches on exchanges, expected in 2021, it may reach a value close to that of Ethereum at $200 or possibly more.
This would mean if you had mined over 1000 coins on the Pi Network App, you would be sitting on a balance of $200,000 dollars.
To tell you how easy it is to get a pie, I have invited only ten friends so far, and in less than a year there will be close to 3000 coins and not all my friends have dug a coin!
Even if the Pie Network hit the 25 prices for just one coin, it would still give me a profit of $ 75,000!
Is Pi Network (Currency) Scammed or Real?
Users are currently valuing the app without any (beneficial psychological) benefits:
The app does not provide any utility to its users. There is nothing to do in the app. Consumers are hoping that they will sometimes turn their virtual coins into real value
The app works like a direct sales or affiliate marketing system, promising future rewards for bringing in new customers. Some users put in extra time and effort to attract new customers.
It is expected that Pi will also gain worth like Bitcoin. Bitcoin on launching it had zero market value but now 1 Bitcoin is equal to 46272.30 US Dollars as per Feb2021.
1 Bitcoin = 46272.30 $
Should It Join?
If we talk about the joining of the Pi network then I will put in front of you the example of Bitcoin. When Bitcoin was introduced it had no value the team of bitcoin worked the same as Pi is doing. It invites millions of people and provides free coins first. When it got fame in the market then it will be given the worth, now we can see 1 Bitcoin = 46272.30 $. So if this Pi network is providing free services yet then there is no risk to join it because you will have no investment in this app. So if it gets the worth later like bitcoin then you will get free profit.
How to join Pi Network Free
Pi is the first cryptocurrency that can be used on mobile. Follow these easy steps to create an account on Pi App.
- You can download the app from the store Android or IOS.
- Signup using Google or Facebook account or by using Phone Nubmer.
- Enter Your First name, Last name and username then touch ‘Submit’.
- Enter into the ‘Invitation code’ field as XHAAMI.
Will Mining End On The Pi Network?
Like many new cryptocurrencies, Pi currently has minerals, however, there is only a limited time left in the program and mining for new members may end once 10 million pioneers arrive, according to the user base. ۔
Existing users will of course still be able to do my job, however, at a lower rate, possibly halfway through when you joined.
Keypoint about Pi Network
- Pi is free 100% for everyone to mine by using a Cell phone.
- Pie Network was released on March 14, 2019, on the App Store and Play Store. Since then, it has attracted the attention of more than 7+ million pie users worldwide.
- The Pi App, available on both Google Play and the App Store.
- Large scale security, easy to use without wasting electricity.
- Secure, non-counterfeit – worthwhile and reciprocal digital money