About Pi Crypto
Tens of millions of people work together on the Pi Crypto Network to mine the Pi cryptocurrency in order to use and develop the Web3 app ecosystem. This blockchain network depends on its Pioneer community and pays them in a transparent, meritocratic, and decentralised manner for their varied contributions and digital citizenship through a cutting-edge mobile mining mechanism.
It is crucial to empower actual people worldwide and disempower bad actors, bots, or free riders in order to ensure justice in Pi mining, secure the Pi blockchain, maintain integrity in the Pi ecosystem, and eventually establish and protect the community-run government. Pi relies on its community of Pioneers to use their mobile phones to meritocratically mine Pi tokens.
While Pi KYC acts as a fundamental check for genuine humanity and fosters community, it also enables the development of a decentralised ecosystem with practical applications for common people. The combination of a sizable, identity-verified, and crypto-enabled social network and an approachable developer platform puts Pi Network in a strong position to support the coming wave of technological advancement.
Pi Crypto Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Pi Crypto |
| Short Name | PI |
| Price | $23.62 |
| Coin Supply | N/A |
| Official Project Website | Click Here To Visit Project Website |
Features
45+ Million Active Users
An accessible community supported by a cryptocurrency that offers a strong utilities-driven Web3 ecosystem
Free Cryptocurrency Mining
Pi is always free to mine on mobile, giving users power for a more equitable, more dispersed cryptocurrency.
Over 35 Core Team Members Worldwide
The Pi Core Team has a global reach from its Silicon Valley headquarters to locations all throughout the United States, Europe, and Asia.
Private & Revolutionary Technology
Pi employs a crowd-scaled KYC solution and energy-light mining to enable access and identity verification for Web3.
Decentralized
Secure, Immutable, non-counterfeitable and interoperable digital money.
Mobile First
Works on your mobile phone and does not drain your battery.
User & Planet-Friendly
Easy to use, secure at scale, without the massive electrical waste.
The Pi Economic Model
Pi, on the other hand, seeks to strike a balance between creating a sense of scarcity for Pi, while still ensuring that a large amount does not accumulate into a very small number of hands. We want to make sure our users mine more Pi as they make contributions to the network. Pi’s goal is to build an economic model that is sophisticated enough to achieve and balance these priorities while remaining intuitive enough for people to use.
Pi’s economic model design requirements:
- Simple: Build an intuitive and transparent model
- Fair distribution: Give a critical mass of the world’s population access to Pi
- Scarcity: Create a sense of scarcity to sustain Pi’s price over time
- Meritocratic mining: Reward contributions to build and sustain the network
Token Model and Mining
A well thought-out, sound token design is critical to the success of a cryptocurrency network. It has the potential to create incentives to bootstrap network formation and growth, build a utilities-driven ecosystem, and thereby support the cryptocurrency underpinning such a system. What a network incentivizes says a lot about what a network needs—for example, network growth or fundamentals-driven utility creation,
A mere store of value or a medium of exchange for the cryptonative ecosystem. This chapter covers the supply of Pi and how Pioneers can mine Pi in different phases of the network, and the underlying design rationale for different mining mechanisms including to build and grow the network and to incentivize the creation of a utilities-based ecosyst.
The Founders
Nicolas Kokkalis – Head of Technology
Chengdiao Fan – Head of Product
Conclusion
In conclusion, Pi Network is well aware of complaints indicating that unlicensed third parties are trying to list Pi or tokens that are allegedly Pi without Pi Network’s necessary approval, authority, or involvement. The integrity of the project and the Pi Network community are seriously endangered by such actions.
Pi Network has repeatedly emphasised that Pi tokens can only be acquired within the Pi Network ecosystem and are not yet available on outside exchanges. Before allowing foreign exchanges to trade Pi, the network is now in its testing phase with an emphasis on building a safe and dependable infrastructure.
Pi Network admonishes members of its community to use cautious and to avoid dealing with any unauthorised exchanges or websites that pretend to supply Pi tokens. It is essential to be vigilant and only rely on official communication channels from Pi Network for updates on token availability and authorized exchanges.
FAQ
What is Pi Network?
Pi Network is a cryptocurrency project that aims to create a decentralized and user-friendly digital currency. It operates on a mobile app that allows users to mine Pi tokens using their smartphones.
What are unauthorized tokens related to Pi Network?
Unauthorized tokens related to Pi Network are tokens that claim to be associated with Pi Network but are not officially recognized or authorized by Pi Network itself. These tokens may be created and promoted by third parties without the necessary approval, authority, or involvement of Pi Network.
Why are there unauthorized tokens related to Pi Network?
Unauthorized tokens related to Pi Network may arise due to the popularity and community interest in the Pi Network project. Some unscrupulous individuals or groups may attempt to take advantage of this by creating and promoting tokens that falsely claim to be connected to Pi Network.
Is Pi Network aware of these unauthorized tokens?
Yes, Pi Network is well aware of complaints indicating the existence of unauthorized tokens claiming to be associated with Pi Network. The Pi Network team actively monitors such situations and works to address these concerns.
How can users identify the official Pi token?
The official Pi token is generated through the Pi Network app, and users can only earn or mine Pi tokens by actively participating in the Pi Network community and following the guidelines outlined by the official Pi Network team. It is important to rely on official sources and information provided by Pi Network to ensure the authenticity of the Pi token.
