Pi Network value
The purpose of the Pi is to help ordinary people get more economic value that today goes to banks, tech giants (such as Facebook, Amazon) and other intermediaries. The Pi depends on the collective contribution of its members. If you are looking for some quick cash look elsewhere.
How does Pi work?
The Pi Network is a new cryptocurrency for and for the masses that you can “mine” (or earn) from your phone.
Cryptocurrency is a new form of digital currency that is managed and secured by a community rather than by governments or banks. Today, you can mine (or earn) the Pi by helping to keep the coin safe and expand the Pi Trust network. While most cryptocurrencies (like bitcoin) are very difficult for them to access and access, the Pi harnesses the power of cryptocurrencies in the palm of your hand.
When you use the Pi app and expand your network by inviting other people, you are helping the Pi build a stronger network for users to authenticate and transact. For this reason, you will need to open the app every 24 hours to authenticate actions on your network. So, someone should invite you to create an account and earn more Pi per hour by inviting more people.
What is the value of pi?
Today, the price of Pi is around $0/Euro, etc., similar to Bitcoin in 2008. The value of the Pi will be tied to the time, attention, goods and services of other members of the network. By aggregating our focus around a common currency, goods and services, Pi members try to make the most of the value that would normally go to banks, technology giants (such as Facebook, Amazon) and other intermediaries. Today we are building the infrastructure for this coin and digital marketplace by developing the technology to distribute the coin, build the community and keep it safe.
Can I delete my Pi? How is the payout schedule?
No, you can’t take off the Pi yet. When Pi switches to a fully decentralized blockchain, you can withdraw or exchange Pi for other currencies in Phase 3 of the project. Pai began Phase 1 of the project on March 14, 2019 (Pi Day). In step 1, your balances are entered in such a way that they will be taken into account in the transition from the pi to the main network (step 3). Pi transfers are limited until we hit the mainnet to prevent bad actors from taking the Pi from fake accounts. For example, a bad actor can take advantage of fake accounts, transfer the Pi to a legitimate account, and then go through the Pi account verification process despite their illegal earnings. We are still working on the exact development plan for the project. For more information, see the Roadmap section of our whitepaper.