Pi Network ( PI ) Review | Is Pi network legit? | Be Millionaire in Future

What is Pi Network?

Pi is a new cryptocurrency secured and backed by everyday people. Developed by a team of Stanford PhDs and graduates, Pi can be easily mined on mobile phones with a low financial cost, limited battery drain, and a light footprint on the planet. Pi's social cryptocurrency is laying the foundation for an inclusive, online an ecosystem where everyday people can capture their fair share of the digital Pi.

Is Pi coin worth anything?

Some people call this project a scam and others believe it to be the next Bitcoin.

I've used is somewhere in the middle. Let us explain. We do not think it is a scam because they are not asking for money and they are not promising the moon in the next month.

When you install the app and mine the Pi network coin, it doesn't consume your data or battery. The project simply aims to make crypto accessible to all even to those without any specialized mining rigs.

That is our mind is a good goal to have in the crypto space. It is not the next Bitcoin at least not yet because it has to launch the main net and we have to see if people actually start using Pi network coin in real life.

However, here are the facts. The Pi network app has been downloaded more than 1 million times Pi network node applications have crossed over 100,000 the rate at which one can mine the Pi network coins follows hardening protocols similar to Bitcoin team will implement KYC process using a third party vendor before people is able to transfer the Pi network tokens.

Their roadmap includes the aim to build trust graph on the app similar to Yelp or Amazon reviews, introducing one ad per day that should get it some traction from the advertisers and the app users who stand to gain rewards.

They also have plans to introduce bar to market face obviously, as a blockchain solution high network will support decentralized applications ( DApps ). The team behind the Pi network seems to be decent and knowledgeable about cryptography.

They are also inviting applications for people to join the team. Dr. Nicolas Kokkalis, Head of Technology is a” Stanford Ph.D. and instructor of Stanford's first decentralized applications class; combining distributed systems and human-computer interaction to bring cryptocurrency to everyday people.”

How much is Pi worth?

 Based on the traction, the project has gained in terms of the user base, they're decent and achievable roadmap and a team that can pull this off. We would say Pi will be worth something in the future.

As the main, that has not yet been launched and since the Pi coins cannot be on any exchanges yet to put a dollar value, we have to look at how much the Pi IOUs are trading at the moment.

I owe you (IOU) are unofficial agreements agreeing to honor a contract in the future. As of this writing, the Pi IOUs us are trading at 36 cents with a trading volume of $1,576,377.

Trading of these IOUs started in November 2019 at around five cents each with a volume of $182,000. The price of these IOUs and trading volumes have since picked up and have reached $1.5 million dollars.

Our efforts to confirm the trading volume a few times, so please be careful in interpreting the above information.

Is it worth mining Pi?

 As the Pi network app doesn't consume user data or drain the battery, we see no downside in participating in the ecosystem. We are assuming that both iOS and Android would have done their due diligence to ensure that the app is safe and stable.

And if you have 10 friends Join using your referral that will increase your mining power to above one pi per hour that's 24 Pi per day.

As we mentioned earlier high network uses a hardening system as such as soon as the user base grows to 10 million the rewards rate will be slashed making the Pi coin dearer.

When can I withdraw my Pi?

 Users have to wait for the main that launch and go through knowing your customer KYC verification process to be able to move their Pi coins. We can expect to see a dump as soon as the coins are released, assuming they will be listed on some exchange. However, if the project builds its utility and continues to gain traction among mobile users, we might see a steady increase in price and trading volume.

Will my Pi coins grow in value by 2025?

Whether Pi coin will be worth anything in 2021 or beyond even 2025 will depend on how the projects pan out. If the people participate actively on the Pi network app advertisers see value in placing ads on Pi network app and people use the Pi coins not just hoard to exchange value over the app, then Pi coin can be worth something.

If the Pi network app succeeds to attract 100 million downloads, it will put it in the ranks of biggest crypto-based projects on the market. With a smartphone user base of that size, Ty network can hope to join the ranks of the top 100 coins or better, and that will be a good milestone for the Pi network.

Remember, this is an experiment similar to Bitcoin. Bitcoin was a massive social experiment with nothing behind it to prove its validity. It passed in flying colors. Treat the Pi network as an experiment because it is.

Will it be successful?

Well, we have to wait for the project to launch and prove itself. At least a high network has the 10 plus years lessons taught by Bitcoin and the team that seems to understand the technology.

Mine Pi for free on your iOS and Android:

PS: You can earn more Pi by using my code “anup81" in the app. Thanks.

Leave a comment if you are interested in Pi to become successful like Bitcoin.