What is Pi Network?
Pi Network is most talked upcoming blockchain project, which can be mined using your Smartphone without draining your battery or no need to keep open PI Network Application on your phone. to start mining user need to follow a few steps, just install the application and turn on the mining button. recently project started running a test net, where more than 150K users installed node, but only node with Docker Validation can validate a transaction on Testnet.
Most users trying to increase number referral for that you need to send a referral request to your friend, family, or any other. so in simple words, if you have a higher number of referrals then your per hour PI Coin mining rate will be higher. This project was launched on 14th March 2019 and almost also complete 1 year in the blockchain industry. Pi Network App complete 1 million downloads on Google Play Store with an average star rating of 4.6 out of 5, as PI Network has 3. 6 million active mining member.
|Cryptocurrency Name||Pi Network|
|Ticker Symbol||Pi Coin|
|Pi Network App Link||minepi.com|
|Expected Price||$0.16 USD|
|Current Price||$0 USD|
|Available on||Google Play Store, Apple App Store|
|Phase 1||Started on 14th March 2020 I.e. Launching Date|
|Phase 2||Building Infrastructure and Blockchain|
|Phase 3||Trading Available i.e. Price started displaying.|
How Pi Coin Price Will Decided?
Recently Pi Network App started showing Ads from Google Adsense that will help them to earn some bucks to be added in their market cap volume. The million of member who are having thousand of Pi Coin, wanted to know how price will be decided of Pi Network.
- Deciding Price will be same as Bitcoin.
Before Bitcoin was launched mainnet the mined Bitcoin has no value in 2008, as starting price of Bitcoin was $5.27 USD after it launched and the reported value of Bitcoin from Coinmarketcap was $143 USD on 29th April 2013.
- in Phase 3 Prices Actually Show up
Right now, we are in Phase 2 in which building of blockchain and consensus algorithm just started, before mainnet launched to validate transaction, it will be tested with number of developer in test net for which they will be rewarded some amount of coins.
- Price may dependent on number of active user.
officials strictly mentioned in their Q&A that Pi network have zero value as of now and also quoted that after mainnet launch prices will be more dependent of number of user and validators.
Pi Network Price Prediction
Many of miner who had thousands of PI Coin in their wallet and some of them was mining this cryptocurrency since march 2019 which is more than one year desperately wanted to know what will be the price of PI Coin as basically if you open the app you will get a mathematical sign of PI whose value is 3.14, so many of predictor is saying this will be the price, but PI network keeping this secret to keep buzzing and increasing number of download, as per official social media handle more the creation of coin or the App download will be the price of Pi Network, as per Trading platform Changelly who predicted price USD 0.16 for 2018 and $1 for the year 2020, as we already in the 2020 year so this value might not be true because most of the user holding more than 100k Pi Coin in their wallet and if the value of a coin is equal to USD 1 then they will get USD 100k after coin get indexed.
Pi Network Price Prediction 2020
The concept behind Pi Network very simple they wanted to eliminate Paypal and another payment method which charge you higher transaction fees, so with Cryptocurrency platform, they wanted to change the ecosystem of the worldwide transaction with entry third party and as number miner is reportedly decreasing since 2018 after Bitcoin prices go up there is difficult to mine most of the cryptocurrency, so most of the miner searching for new coins whose value is lesser than USD 1, as Pi Network indexing date still unknown which means it will be listed on the trading platform to buy with the specific price so there is no official date is announced by an official, as most of the miner still waiting for the date of indexing as after completing one year this should be the time to get indexed on coinmarketcap.com with some pricing.
How To Mine Pi Network Coin.
- Step 1: Go To Minepi.com then decide your Operating System i.e. Apple or Andriod
- Step 2: Download and install Pi Network App on mobile phone
- Step 3: login into account with Facebook id or Phone number with choosing country code
- Step 4: Enter your password and confirm it
- Step 5: Enter Invitation or Referral Code: swapnilkale (this code is compulsory and using this you will get 1 Pi Coin as a bonus)
- Step 6: Follow Auto Steps by App and just turn on Mining
- Step 7: Refer to your friend to increase Per hour Pi Coin.
- Note: you can close application no need to keep open.
Pi Network FAQ
- When did Will Pi Network Prices start Displaying?
Ans: in Phase 3.
- Can Pi Network Worth more than USD 1
Ans: Probably Yes, it already complete 3.5 million users on their network which is higher than Bitcoin got from 2008 to 2013.
- Can we Withdraw my Pi Coin?
Ans: No, You can wait till Phase 3.
- Will Pi Coin become real money in the Future?
Ans: Yes, and the official website already guarantees to registered to the user that Mine coin can be withdrawn after the transaction started.
- Where I can Store Pi Coin?
Ans: Pi Network not only mine but wallet also in the same app.
- Is Pi Network is Legit or it is a Scam?
Ans: Pi Network is Legit and also approved by Google and Apple Play Store as both companies verify owner details before listed on their network.
- Pi Network Safe for my Smartphone?
Ans: Yes, its Total Safe to use, no battery and Data will be used.