The future of Cryptocurrency is here!
Pi Network
The Pi Network was established by Stanford University academics Nicolas Kokkalis and Chengdiao Fan in 2018. On 14 March 2019, they published a whitepaper and released the Pi Network app. The Pi Network app is used to mine the Pi cryptocurrency, with users pressing a button every 24 hours. Unlike nodes on networks such as Bitcoin that use proof-of-work (PoW) protocols, Pi nodes use an algorithm based on the Stellar Consensus Protocol (SCP). Pi Nodes validate transactions on a distributed ledger and reach a consensus on the order of new transactions that the ledger records.
There are four types of users on the Pi Network, These are:
1. Pioneer:
People who mine Pi by tapping the lightning button.
2. Contributor:
Users provide a list of trustworthy users to the network in exchange for an incentive.
3. Ambassadors:
People who bring new users to the network using their referral code.
4. Nodes:
Participants using the Pi node software on their home computers.
Should we mine it?
When the pi network was launched, the basic mining rate was 1.6 PI per hour, which was reduced to 0.8 PI after 100,000 users were added. When one million people began using the app, the reward decreased to 0.4 PI per hour, and then dropped to 0.2 PI per hour once its user base reached 10 million.
There were more than 35 million Pioneers, as of 5 January 2023.
So, it still has a long way to go as the mining will continue until the network reaches 1,000,000,000 (one billion) members.
What should we do now?
So, just mine as much as you can before it is too late!
Claim your 1 PI for FREE Now!
Download the step-by-step PDF on how to set up your Pi Network, claim your 1 PI for FREE and transfer your 1 PI from Mainnet to PI Wallet. After you have successfully transferred, you can use the 1 PI to pay for the Pre-Order on NFTs Page.
Or follow the step-by-step slides here:
Previous
Next
After you have migrated your 1 PI to “Available Balance”, use it to get our NFT & Metaverse for FREE!