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Pi Network is a small connected group of people within a security circle stitched along with other smaller security circles to create a “trust graph” that will help users know who to trust and transact with. The security circle is used to validate one’s identity to allow seamlessly and trusted transactions in the Pi cryptocurrency marketplace. This is to secure trust in the network that no fraudulent activities can take place.
What can u do with PI?
In Future:
- Pioneers can wager Pi to engage the attention of other members of the network, by sharing content (e.g., text, images, videos) or asking questions
- Trade Pi coins with other members
- Use Pi to purchase goods in the Pi marketplace
- Use Pi for advertisement
- Exchange Pi for ETH or BTC which can be exchanged into fiat money
- Much more as the network grows to mass adoption
As they are in beta now, you get to mine Pi coins at higher rates since there are fewer users on the network. Like Bitcoin for example; mining Bitcoin 10 years ago you would be able to get a few Bitcoin every hour or so. Now, you’ll get somewhere around 0.000001 BTC per hour since there are millions of miners now (mining rate differs for everyone depending on their rig).
Think of Pi like in the early stages of Bitcoin when nobody really knew or understood what its technology is really all about. Imagine if you knew then what you know now. Wouldn’t you mine it like crazy? It goes exactly the same for Pi coin.
They are going to release an update during Q4 2019 that will enable users to send their Pi coins to any other user on the network. This will be the beginning of seeing the true value of the coin. Personally, for me, I’m all in for the what if factor, especially when all it took was to download a single app.
Invitation Into The Pi Network
Currently, network is in beta and to join the network is through an invitation code only by someone who is already a member. You can join under my name and be added into my security circle.
Download Application From: https://minepi.com/Marolin0 (Marolin0)
Thanks for reading!
-ZaviX
