Before we can say Is PI Network Scam or Real, we have to know What is PI?
What is Pi?
Pi is a new cryptocurrency for and by everyday people that can mine from anyone phone. Cryptocurrency are a new form of digital money that is maintained and secured by a community. You can mine or earn Pi by installing Pi apps. Earn by helping to secure the currency and by growing Pi trusted network. Want to know more about Pi, check Pi Network.
How does Pi Network work?
This network app allows you to earn Pi by making simple contributions to Pi community. The more you contribute, the more Pi you earn. To start earning Pi, check in every 24 hours and hit the lightning button to start mining. After 03 days mining, you can boost your earning more by building your security circle, which contributes to the overall security of the network. Earlier members of the network can get higher rate than those that come after them.
What does app cost android phone?
Anyone won't need to leave the app open to mine. Pi does not affect phone's performance, drain battery. Pi Network apps mine in background without interval your daily task. Pi Network works instead of burning energy as proof of work cryptocurrencies like Bitcoin do, Pi secures its ledger when members vouch for each other as trustworthy. Please read the technical section in our Whitepaper for a more accurate and detailed explanation.
What Pi Earning Team Work?
As an ambassador, anyone can earn up to 25% bonus on your base mining rate for each person you invite to the network. You become an ambassador when new members join your network. Each member of your earning team provides a 25% boost to your earning when they are actively mining. Anyone can join with your team by submitting your referral code. Each invitee in the world can only be claimed by one inviter.
Pi Network Security Circles?
Security circles are group of 3-5 trusted people built by each of Pi members. Security circles secure the currency by making a worldwide trust graph that prevents bad actors form executing fraudulent transactions. The network’s security circles form a global trust graph that determines who can be trusted to execute transactions on Pi’s ledger.
What is the value of Pi?
At present, there's no value of Pi. Pi Value will be backed by the time. They laying the infrastucture for this digital currency and marketplace by distributing the currency.
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. Cryptocurrency holders have two options for turning their holdings into “real” money (or to “cash-out”): 1) Directly purchasing goods and services with their crypto or 2) exchanging their crypto for fiat currency (e.g., dollars, euro, etc.) on cryptocurrency exchanges.
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