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The First Digital Currency You Can Mine On Your Phone
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Learn more about PI Network and if you want to join the community add my referal (dirtydocfly) (without referral is not possible to join) when you sign up.
FAQ of PI Network
Disclaimer: Pi is NOT free money.
Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members. More informations...
What is Pi?
Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone. More informations...
Is this real? Is Pi a scam?
Pi is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency. More informations...
How does this app work? How do I earn more Pi?
This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn. More informations...
Do I need to leave the app open to mine? Does the app drain my battery or data?
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. More informations...
Why do earlier members mine at a higher rate?
Earlier members mine at a higher rate to reward contributions to the network when they are most needed. More informations...
What is the Ambassador role? How does the earning team work?
As an Ambassador, you earn up to a 25% bonus on your base mining rate for each person you invite to the network. More informations...
What is the Contributor role? How do I become a contributor?
Becoming a Contributor allows you to earn more Pi by building a security circle of 3-5 trusted members. More informations...
What are security circles?
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. More informations...
What is the value of Pi?
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. More informations...
Can I withdraw my Pi? What is the timeline for withdrawals?
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. More informations...
When will Pi be worth something? When can I turn Pi into “real” money?
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. More informations...
Can I mine from more than one device? How does the network prevent fake accounts, bots, etc. from earning Pi?
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. More informations...
Is this app a wallet? Will we hold our own private / public keys? And can we use an external wallet to hold our Pi in the future?
Yes, your phones will serve as a cryptocurrency wallet that will be linked to your current accounts (number / Facebook). More informations...
if mining of PI tokens is really possible on Phone than it is not only a great concept but also it worth will grow more with time
The mining by phone is possible only for few time. The PI team not made ICO to buy Token, but distribute PI Token for all PI community during the period before the actual release of the currency on the blockchain. The project is slicing in 3 phase. Actually is the phase 2. On phase 3 is no longer possible to mining PI but you can exchange the Token with real PI Coin and exchange with another crypto currency on the market (binance or another one, i dont now again). For more information about the process, it's easyer to go to the web site of PI Network to read the white book and the FAQ. It's very important to read white book before because maybe you will not like this project and in this case you do not take part in this project.
This is true for all (ICO) cryptocurrency