Pi Coin — Worth or Scam?
Do you use Pi coin network? Or do you know what is Pi network? So today, we will try to answer the most important question about Pi coin price.
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What is Pi coin network?
Pi is a cryptocurrency, and pi network is the app where you can mine pi coins and then exchange it with real money. Unlike Bitcoin, you can mine pi coins in your smartphone.
For that, you just need to go to play store if you are using android and apps store if you are using an iPhone. Type in Pi Network and you will get the app. Now, just like Facebook, or Instagram you can join the Pi network by creating an account.
Once, you are done creating an account, you can start mining pi coin. To earn pi coins, you will have to open the app once in a day and tap on the last icon on right of your phone’s screen.
Pi Coin Price updates.
In addition , it is claimed that a message was given that the value of Pi Coin will be $ 300 in The Simpsons, which was surprised with its prophecies . Of course, these are the fun and superstitions. Let’s get back to facts and now let’s continue with what Pi Wallet is and how it is used.
Now you might get a question in your mind that when will you be able to withdraw these coins? Or to exchange these coins with real money.
Phases important before Pi coin price rises.
Before answering this question, let me explain the phases or the stages of pi-network. The founders of Pi network have set three stages for the pi coins to be used by pi members. Pi launched its first phase on 14 March 2019.
During the first phase members will only mine pi coins. And the phase in which you will be able to exchange or spend pi coins will be in Phase three.
However, PI has not announced the launch date of Phase 3 yet and we have to wait for that. Now let’s answer the question whether the pi coin is legit or another scam? But before that let me tell you how does it work.
They say that pi coin is a cryptocurrency just like bitcoin and bitcoin mining uses both your CPU and the graphics card. However, pi coin is nothing like that. You don’t need a pc.
Because although the Pi network is a testnet and tested the transactions of Pi Token on it, it has also managed to develop and present a Pi wallet. What does this mean? This means a development that brings the probability of Pi mainnet commissioning and the emergence of the tangible value of the pi token closer in time.
There is a browser that hosts all Pi services. Some services are currently not active.This is a cryptocurrency wallet and a browser. The fact that it also has a browser may indicate that it will provide additional monetization channels such as Cryptotab Browser.
Why Pi coin price value is important and different?
You can mine it in your phone. It does not use your phone’s GPU or drain its battery. It’s just a number that increases with a fixed rate.It gives you 0.12 pi coin per hour. You have to open the app continue mining once every day. If we look at the current value of the pi coin, it is equal to 0 US dollars. Now, is pi coin legit or a scam?.
Let me tell you how does it work. They say that pi coin is a cryptocurrency just like bitcoin and bitcoin mining uses both your CPU and the graphics card. However, pi coin is nothing like that. You don’t need a pc.
You can mine it in your phone. It does not use your phone’s GPU or drain its battery. It’s just a number that increases with a fixed rate. It gives you 0.12 pi coin per hour. You have to open the app continue mining once every day. If we look at the current value of the pi coin, it is equal to 0 US dollars.
We have been mining Pi Coin for last two years.
Now, is Pi coin legit or a scam?
It is a scam as proclaimed by many people. There are a number of such cryptocurrencies like pi coin but they all are scam, fake and fraud. If you look at the number of downloads of pi network on play store, it is more than 10 million so probably it might have near to 10 million members who daily open the app and start mining. Now the reason it is said to be a scam is that Pi network has been showing ads for a couple of weeks now.
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