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Followers
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4
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Posters
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Posts (Today)
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0
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Posts (Total)
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23
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Created
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02/04/20
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Type
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Free
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Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members.
Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone.
Pi is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency.
This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn.
You do not need to leave the app open to mine. Pi does not affect your phone’s performance, drain your battery, or use your network data . Once you hit the lightning button, you can even close the app and you will continue to mine Pi.
Earlier members mine at a higher rate to reward contributions to the network when they are most needed.
As an Ambassador, you earn up to a 25% bonus on your base mining rate for each person you invite to the network.
Becoming a Contributor allows you to earn more Pi by building a security circle of 3-5 trusted members.
Security circles are groups of 3-5 trusted people built by each of Pi’s members. Security circles secure the currency by building a global trust graph that prevents bad actors from executing fraudulent transactions.
Today Pi is worth approximately 0 dollars / euro etc. similar to Bitcoin in 2008. Pi’s value will be backed by the time, attention, goods, and services offered by other members of the network.
No, you cannot withdraw Pi yet. You will be able to withdraw Pi or exchange Pi for other currencies in Phase 3 of the project when Pi transitions to a fully decentralized blockchain.
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.
No, you cannot mine from more than one device. The network has a strict rule of one account per person. Pi uses a multi-pronged strategy to ensure Pi is not mined by fake accounts.
Yes, your phones will serve as a cryptocurrency wallet that will be linked to your current accounts (number / Facebook).
NOTE: when signing into the app for the first time you will need a referal code, if you dont have one you can use cyberchrist
