This article introduces the digital currency called “Pi coin” or “Pi cryptocurrency” or “Pi crypto” which was launched on March 14, 2019; since then, it has been and is still being easily mined for free on the Pi Network App which is a 100% free opportunity that can make you become a millionaire in the future. The following topics are discussed in this article:
- Pi network: Pi coin or digital currency (a.k.a. Pi cryptocurrency or crypto)
- Pi mining: How you can mine Pi coins or cryptocurrency
- Pi wallet app
- Pi cryptocurrency value
Pi network: Pi coin or digital currency (a.k.a. Pi cryptocurrency or crypto)
Pi Network is a relatively new cryptocurrency network that enables Pi Network users or registered members to mine Pi coins or cryptos on phones. Pi coin is the first cryptocurrency to be mined directly from mobile phones, instead of from computers and supercomputers.
The Pi Network has surprisingly grabbed the attention of many people in the cryptocurrency or crypto community who regard it as another way to get involved in a new cryptocurrency from scratch, and earn substantial profit in the future, in the same vein that the early Bitcoin adopters made and have still been making massive gains from mining and saving Bitcoins for many years.
The Pi Network runs on the Pi Network App which is a mobile mining technology that allows registered Pi Network users to mine Pi coins without draining their data and phone batteries. Even when the Pi Network App is closed, or users’ phones are off, they are still able to mine Pi coins.
However, in order to continuously mine Pi coins on a daily basis—or specifically, after every 24 hours—users have to open their Pi Network apps and tap the lightning or “Tap to earn” button once every day.
Although it is generally difficult for most cryptocurrencies (like Bitcoin, Ethereum, etc.) to be accessed, mined, and used by everyday people, the Pi Network makes it easy for users to access and mine new Pi coins or cryptocurrency and puts the power of cryptocurrency directly into the palms of people’s hands. The Pi Network and its Pi coin are a 100% free opportunity that can actually make you a millionaire in the future!
The Pi coin was developed by a team of Stanford University graduates which consisted of only 3 members: Dr. Nicolas Kokkalis (Pi Network’s Head of Technologies), Dr. Chengdiao Fan (Pi Network’s Head of Product), and Vincent McPhillip (Pi Network’s Head of Community).
When Pi Network’s live net (mainnet) is launched, as has been scheduled to occur this year (2021), all the coins mined by each Pi Network user will be migrated to Pi live net, Pi coins will have a value in the market, and will thus become officially marketable. At the time of writing, the Pi Network community had amassed over 18+ million users/miners in less than 2¼ years—i.e., since March 14, 2019.
For quite some time, probably over several months or up to a year, “Pi Economy” members within the “Pi Lifestyle App”—which can be downloaded from Google Play Store—have been trading goods and services at an exchange rate of 1 Pi coin = $100 on the Pi Lifestyle App platform.
Based on plans being laid down on the Pi network, some users believe that when the Pi mainnet (Pi Blockchain) is launched, as expected later this year (2021), 1 Pi coin may have a value equivalent to or more than $100. If this happens, then a user who had mined 10,000 Pi coins in the Pi Network App, will have a balance of $1 million in their Pi wallet on mainnet.
Pi mining: How you can mine Pi coins or cryptocurrency
The technology behind Pi coin mining is based on a new algorithm that doesn’t harm the environment; whereas, mining Bitcoin and a number of other cryptocurrencies do substantial harm to the environment.
Make a wise decision today and start mining Pi coin which is still 100% free to mine and would cost you absolutely nothing to acquire in increasing numbers until mining stops when Pi mainnet (Pi Blockchain) is launched. Many people who paid attention to Bitcoin during its early days or years, mined it and have become millionaires and billionaires today.
Pi Network presents an unbelievable opportunity for everyone who is alive; Pi Network makes it easy to mine free Pi coins, instead of buying them—but this opportunity won’t last forever! If you don’t start mining Pi coins today, you could be missing out on a big opportunity that may never come back after Pi mainnet is launched.
The Pi coin and its network are actually a 100% free opportunity that can make you a millionaire in the future.
Nowadays, it’s more difficult and almost too late to become an instant millionaire with Bitcoin. Why? Because it’s more difficult to mine Bitcoin and more expensive to buy and invest in it—but today you have a new opportunity in another cryptocurrency which is Pi coin.
Download the Pi App here, register on the Pi Network by using your Facebook account or phone number, and enter/use “Terihagh1” as your invitation or referral code; alternatively, you can take the following steps:
1. Click here and click “Download”; after registering with your Facebook account or phone number, use “Terihagh1” as your invitation code. Alternatively, you can download the Pi Network app from Play Store or App Store, and use “Terihagh1” as your invitation code.
2. When asked to verify your identity, use either your Facebook account or mobile number; choose one of the two options.
3. Set up your password. I recommend that you use a long password which will be easier for you to remember and difficult for others to guess. Note that, to be able to claim your Pi coins in the future, you must verify your phone number.
4. Choose your username which you will use as your referral code whenever you are inviting others to join the Pi network and mine Pi coins.
5. When asked for your invitation code, use/enter “Terihagh1”.
Note: In order to continue mining Pi daily, after every 24 hours, each user has to open their Pi Network app and tap the lightning or “Tap to earn” button. The Pi Network app is set up this way to ensure that members are active and contributing to the Pi Network. Don’t forget to verify your phone number by following the available instructions on the Pi app.
Pi wallet app
Currently, each registered Pi user has a Pi wallet in the Pi Network App, but after Phase 3 (the Pi live net or mainnet) is launched and Pi coin becomes official and has a value, Pi coin miners who have mined Pi crypto and saved them in their installed Pi Network Apps, will have their coins transferred to their Pi wallets that will be on Pi Network blockchain.
After Phase 3 is launched, registered users of Pi Network will have full control of their private and public Pi wallet keys and be able to use their Pi coins to buy and sell products and services on Pi Network’s peer-to-peer online marketplaces such as https://thepilifestylemarket.com/ and https://pinetworkmarket.com/; in addition, they will be able to exchange their Pi coins for strong fiat currencies like the dollar, euro, and pound. Without private and public keys, registered users won’t be able to transfer or spend the Pi cryptocurrency in their Pi wallets.
Each Pi wallet will be somewhat like a bank account, or virtual/electronic account where owners of Pi coins will store their Pi and be able to transfer, buy, and sell the Pi coins they have mined and saved during the pre-release or testing phase mode which Pi Network was in, at the time of writing.
At the time of writing, the Pi Network app was serving as a cryptocurrency wallet and was linked to each registered user’s phone number or Facebook account. Like it happens on other public cryptocurrency blockchains, after Pi blockchain is created and its developers release its source code, it will allow Pi wallets to store Pi coins and make transactions.
Pi cryptocurrency value
Does Pi coin have any value? Is Pi digital currency worth anything? As it has been with other digital coins, and any new digital coin that is yet to be launched, Pi coin or cryptocurrency doesn’t have any official value and isn’t tradeable on any exchange in the financial and cryptocurrency markets.
Even after Pi coin is launched, hopefully this year 2021, its value will likely start at a relatively low level against the US dollar, but could gradually rise and increase in value if it is widely used. It is often difficult to predict what the value of any coin will be before it is officially launched.
The reason why Pi coin or crypto doesn’t have any value is that it is still in its pre-release or test net mode. Registered users who have mined Pi coins will be able to withdraw or exchange their coins during the third phase of Pi Network’s project when Pi digital currency or coin becomes a completely decentralized blockchain network like many other cryptocurrencies.
Although Pi coin is waiting to be officially launched on exchanges this year, the network’s members have already started increasing the awareness and value of Pi cryptocurrency by using Pi coins to purchase goods and services online (websites) and on platforms in the Pi Lifestyle App which can be downloaded from Google Play Store.
Click here and click on the menu at the top left corner of the Pi Network Market to view available items that can be bought with Pi coins under the following categories: digitals; kitchen & garden; books & stationary; health, beauty & cosmetics; food & drinks, fashion & clothes; vehicles & industrial equipment; toys and baby supplies.
In addition, you can click here, which is The Pi Lifestyle Market, and proceed to click the menu at the top left corner and view items that can be bought and sold by Pi Network users who are registered on The Pi Lifestyle Market.
Members of the Pi network community are committed to using Pi in such a way that after the Pi digital currency is officially launched, 1 Pi would have a value that could be worth several tens, hundreds, or even as much as thousands of dollars.
At the time of writing, Pi cryptocurrency value was equivalent to zero dollars like Bitcoin cryptocurrency which was created by Satoshi Nakamoto who introduced it to the public in 2008. Around that time, a high percentage of the world’s population—probably up to 99%—didn’t give a damn about Bitcoin, even though it was more accessible around and shortly after that time, and was much easier to mine then when its value was zero dollars.
Satoshi Nakamoto introduced Bitcoin as “A Peer-to-Peer Electronic Cash System” and implemented the bitcoin software as open-source code which enabled Bitcoins to be released in January 2009.
After inventing Bitcoin, and watching it rise in value over 11 years, in January 2021 when the value of 1 Bitcoin rose to $39,000, it was believed that Nakamoto—who had personally mined over 1 million Bitcoins several years earlier—possessed Bitcoins that were worth over $39 billion, making him possibly the 17th richest individual in the world at the time.
The first time Bitcoin was used in a commercial transaction was in 2010. Around that time when 1 Bitcoin was equal to $0.0041, Laszlo Hanyecz bought 2 pizzas for 10,000 Bitcoins; implying that 10,000 Bitcoins was equal to $41. Today, 10,000 Bitcoins is well over $370 million.
In 2009, a Norwegian man who bought 5,000 Bitcoins, forgot about them. (At the time, the 5,000 Bitcoins he bought were worth only $27 in his Bitcoin wallet). He discovered four years later—in October 2013—that the value of the Bitcoins he had forgotten about, shot up from $27 to $980,000.
After hearing about the rise in the value of Bitcoins, the Norwegian logged into his Bitcoin wallet and was surprised at the amount of money he saw: $980,000—instead of $27. He sold a portion of his Bitcoins and, with the money, he bought an apartment in an expensive part of Oslo, Norway. All thanks to the surging rise in the value of Bitcoin which has often been overlooked by many people.
The real-life story of Erik Finman is a truly inspiring one: In 2011, at the age of 12, when 1 Bitcoin was around $10, he bought 100 Bitcoins for $1,000. Between 2011 and 2019, Erik Finman grew the Bitcoins in his electronic wallet, from 100 Bitcoins (worth $1,000 in 2011) to 446 Bitcoins. As a result of the rise in Bitcoins from $10 per Bitcoin in 2011, to around $10,000 per Bitcoin, Erik Finman’s 446 Bitcoins were worth approximately $4.5 million in August 2019.
It is on record that Nakamoto had mined over 1 million Bitcoins before handing over the network key and control to Gavin Andresen. Although the value of Bitcoin has been rising and falling over the years, its value has been generally rising. At Bitcoin’s inception in 2009 when it had no value, nobody thought its value would reach $20,000 in 2017 and $40,000 on a particular day in January 2021. Generally speaking, within about 11 years, Bitcoin’s value has risen from zero dollars to almost $60,000 per Bitcoin before dropping to approximately $37,000 per Bitcoin.