As you scroll through a few social media analytics and reviews, you'll see a variety of predicted prices for Pi coin. Negative people say the price is only $0.001 when Mainnet, optimists say Pi can reach 10000$ in 3 years, depending on each person's understanding of the value of Pi Network.
"Cryptocurrency mining is hard, reinvesting is risky, so too many of us have left this currency revolution." Pi makes cryptocurrency mining easier and less expensive. If boldly compared with Bitcoin and Ethereum, it can be said that spreading Pi Network makes a lot more sense. I can guide many people who know nothing about cryptocurrencies, never even use a smartphone that can mine Pi, you can too.
Currently, it is an accelerating period for the development of Pi Network's ecosystem, with the push of a Hackathon to attract talents from all over the world. It won't be long before the project will FINISHED, what are you waiting for, if you don't participate, read the section below to DELETE YOUR SUBSCRIPTIONS about Pi Network.
1. Pi is multilevel?
First, the word "multi" means two or more, but Pi has only 1 level. To make it easy to understand, if you and the person you invite are both mining, the mining speed will be increased by 0.05pi/h for both, there are no subordinates anymore, if there is no referrer, the community cannot development & you don't even know the existence of this project. By the way, a funny story, my friend invited a sister at the company to join Pi, she installed it for a day and then quickly deleted her account, I asked why, my friend said "she saw the word Contributor. so I thought multi-level selling, I explained it was a security circle that she didn't listen to." I laughed off, "The word collaborator has accidentally become a criminal".
2. Pi exposes personal information?
Pi Network is a project of the US-based company SocialChain. This company has the following user privacy statement:
https://socialchain.app/privacy
Currently Pi is KYC through a 3rd party Yoti, there is no information that Yoti reveals user data:
https://support.yoti.com/hc/en-us/articles/208669129-How-do-I-know-Yoti-is-secure-
Pi gets access to the user's contacts if they give permission. Contacts can be stored on the Server but will be completely deleted after 30 days from the time the user requests to delete the Account.
3. Recharge to receive Pi?
There is no deposit now, but if you ask for a deposit later, you... don't deposit but I promise you this will never happen, admitting the imagination of the tabloids is too terrible.
4. Do not work but ask for food?
Usually that's the case, but sometimes there's gold in the trash. What matters is who shows you potential places to dig. More than a decade ago, with just a computer, you could dig a few dozen Bitcoins for free every day, so was Ethereum. But even if someone points, you will certainly find it difficult to believe or feel too complicated.
5. Full of apps that act like Pi Network?
I remember a guy asked Nicolas that "many cloned mobile phone mining projects, will it affect Pi Network?", the cardinal replied "the better, the more people will know Pi Network. more” because when introduced, these projects all start with the sentence: Project like Pi Network, dear friends. Those who know Pi and then see it quite clear that, Pi Network has its own blockchain, and other apps can only copy the outside, no blockchain. So are these clone projects a scam? I think it's not because you don't need to deposit money, but if the community is large, the project owner will make money, that's all. Those of you who ask me if I play Bee Network, Timestope, etc., the answer is NO.
6. The total supply is large, everyone owns Pi, what is the value?
First of all, you need to know that the project team is not fixed in advance on the total supply like most other coins. The total supply before the Mainnet will be decided with the number of participants, the larger the community, the greater the total supply. So does more aggregate supply make prices lower? Absolutely NO.
It can be seen that in addition to the total supply, the number of users will also determine the price of a coin. The team's strategy is to build a community from the beginning, the stronger the community, the more the value of Pi Network increases, so please expect as many Pi miners as possible.
Also, unlike Bitcoin, Pi Network does not release the entire total supply on Mainnet, Pi from security and referral circles will be locked & released slowly throughout the life cycle, enough time for the market to absorb the entire remaining Pi coin, in order to keep the price stable for it to be in line with the criteria of becoming a global common cryptocurrency.
7. Pi Core Team get 25% of total Pi supply?
This is the short-sighted thinking of some Pi friends. Read the white paper again, “25% of the Pi from the total supply is a reward for developers, programmers, etc. to support the continued development of the project”. Remember that in addition to its intrinsic monetary value, the value from the ecosystem will determine the future value of Pi Network, to attract talented programmers, potential developers to start. forced to have a huge source of capital to provide them in a stable way. The 25% figure is the answer to this problem, open and transparent, just some people are getting it wrong. This is one of the leading factors for the future price of Pi coin.
8. Can Pi continue to be mined after MainNet?
This is an open issue from the Pi core team, according to my personal opinion, it is very likely that 100 million is the milestone that the Pi core team will stop exploiting. But the Mainnet will still happen at the end of this year whether the number of participants reaches 100 million or not, then the mining speed will be halved and the real Pi you mine will be transferred to your wallet, at that can freely buy, sell, exchange with Fiat.
9. Does Pi have a blockchain?
- Pi Test net is running Stellar core 15.2.0. Pi Explorer is written by Admin Nguyen Viet Dinh of the Group:
https://pi-blockchain.net/
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