what is the next big thing in cryptocurrency?


PI Cryptocurrency is the first currency you can mine with your phone. Created by a team of Stanford graduates, Pi Cryptocurrency seeks to correct upon the mistakes of Bitcoin by offering a platform where users collectively control the network as well as the ownership of coins in an effort to prevent the shift to a centralized system.  It is the first currency we can mine with our phone without drain your battery. It is a light weighted application it won't affect your phone performance.





If you installed the application it starts mining they will give a starting bonus of one pi and it starts working. To start earning Pi, check in every 24 hours you need to check the lightning button in your application and hit the lightning button to start mining. They will give a 0.25 pi every hour as a mining charge for you. If you invite your friends your hourly PI rate will increase accordingly.

Formula:
p* 25% * (0.39Pi/Hr + 0.39), where p is the number of people.

PI  Details

                                 

Project name

PI network

Stock Symbol

PI

Asset Type

Token

Network type

Blockchain

Launch date

14 March 2019

Official Website

https://minepi.com/ 

Android App Link

https://play.google.com/store/apps/details?id=com.blockchainvault&hl=en_IN

 
There are Four Levels of mining.
  • Pioneer
  • contributor
  • Ambassador
  • Node

pioneer in the category, which comes under the user who installed pi application in phone and doing the mining. They will get a contribution charge as 0.25/hr.

The next one is a contributor. Becoming a Contributor allows you to earn more Pi by building a security circle of 3-5 trusted members. Pi's Contributor role becomes unlocked for users after you've finished 3 mining sessions as a Pioneer. After 3 days of mining, you will be the eligible person for the new icon of the security circle on the home screen of the app. which you can add a member's in the security circle and click to start. To become a contributor, you need to add 3-5 people who you trust to your security circle. You will be paid extra pi.


Security Circle Means?

    Security circles are groups of 3-5 trusted pi members who build a strong circle. Security circles secure the currency by building a global trust network that prevents from hacking 


Ambassador is the one who referred by you. the user who joins with your referrals code is coming under ambassador category the referral bonus amount will increase when you add more user the rate will be pi/hr








Node category comes under who mining in desktop Currently this option is disabled in future we have that option to mining in the desktop's also



what is the value of Pi and can I withdraw my pi?

Here it is your answer,
    Today Pi is worth approximately 0 dollars/euro etc. similar to Bitcoin in 2008. Pi's value will be raised depends on how many of the users using and give attention to mining and how they expand the network team.
No, you cannot withdraw Pi yet. You will be able to withdraw Pi or exchange Pi to your own money or any other currencies in Phase 3 of the project. It is currently the initial phase. There is three-phase of release. Once all three-phase are passed successfully it will come to the market. PI currency is currently completed 2 phases.

And… that’s it. I hope you find my overview helpful. Should you decide to join, you can visit https://minepi.com/ and use my referral code Naveenssubramaniam to access the app.


Author: Naveen Subramaniam


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