All About Pi Cryptocurrency In 2024: Mobile First Crypto Mining

Pi Cryptocurrency is shaking the world even in its closed mainnate. The present Pi Network Poiners are 50 Million Worldwide. Many people are still unaware, so we bring this topic into the limelight. In this guide, we will explore All about Pi Cryptocurrency.

The pi network craze is evident when we see the engagement of the pioneers. Like they contribute to the pi feast, buying goods with the use of pi. Many businesses openly open the door to the pioneers to buy goods around the world. Now let’s see what it is exactly. 

What is Pi Cryptocurrency?

Pi is a cryptocurrency created by Nicolas Kokkalis and Chengdiao Fan, researchers from Stanford University, in 2018.

The key features of Pi Cryptocurrency are:

• Pi can be “mined” directly on a smartphone using the Pi Network app, without requiring any specialized mining hardware. However, Users simply need to open the app and tap a button daily to earn Pi.

• Pi uses a referral system where users can earn more Pi by inviting others to join the network. Additionally, The more people you refer, the more Pi you can earn.

• Pi coins are currently stored within the Pi Network app and cannot, be sold, or exchanged. The developers plan to launch the Pi by the end of 2024, at which point users will be able to transfer and trade their Pi.

• The total supply of Pi is capped at 100 billion coins, and the mining rate decreases over time through a halving process similar to Bitcoin.

• Pi is built on the Stellar Consensus Protocol (SCP) rather than the energy-intensive Proof-of-Work model used by Bitcoin.
  
  

Factors That Affect Pi Crypto Value

The value of Pi cryptocurrency is influenced by several key factors:

1. Market demand and supply: If there is a high demand for Pi coins, the price is likely to increase. Conversely, if demand decreases, the price may fall. The scarcity of Pi coins can also drive up the value if demand is high. 

2. Adoption and real-world use: The more Pi is integrated and used in mainstream businesses and services, the more valuable it becomes. Bitcoin’s growing adoption sets a precedent that can positively impact the perception of cryptocurrencies like Pi.

3. Technological developments: Positive advancements in Pi’s technology and the broader crypto space, including Bitcoin, can influence Pi’s perceived value. Bitcoin’s technological stability and ongoing developments are particularly important.

4. Market sentiment: Favorable news, achievements, and positive sentiments about Pi’s future can propel its price. However, Pi’s sentiment is often interconnected with Bitcoin, as positive views on Bitcoin’s future can create a favorable environment for altcoins.

5. Regulatory environment: Government policies and regulations surrounding cryptocurrencies can significantly impact Pi’s value. Positive regulatory news can boost investor confidence, while negative news like potential bans can decrease Pi’s value.
   
   

Is Pi Cryptocurrency Real or Fake?

Yes, Pi Cryptocurrency is real. It has been 5 years since Pi is still in closed mainnate. The question arises of its credibility from time to time but as per my research being attached to this crypto is not fake. Listen, Pi is real, and for any crypto to be mature requires time. 

Similar debates arose during the time of bitcoin that it’s fake and all that, but the result is in front of you. The developers test its nodes and have some pre-set conditions to take it into the real world. So, for me and many experts, the pi is real. 

When Pi Will Be Launched?

If you mining pi you can see the progress of it. Various things are happening around like the current announcement by the dr Nicolas Kokkalis on pi open network. he clearly stated in one video that this is the last Pi2Day before the open minute.  

And the conditions like 15 million KYC’ed Pioneers to be catered and now it’s 12 million achieved. The second condition was to migrate 10 million pioneers to Mainnet and currently 5.79 million pioneers achieved. lastly, The third condition was to set 100 pi apps and currently, 70 mainnet or mainnet-ready apps are there. 

So, based on these conditions and announcements we can speculate that pi will be launched by the end of 2024 for sure. 

Cryptocurrencies Similar to Pi Network

Here are some cryptocurrencies and projects that are similar to Pi Network:

1. Bee Network

• Like Pi, Bee Network allows users to “mine” its native $BEE token directly on their smartphones.
• Bee Network has a large user base of over 26 million, similar to Pi’s over 33 million users.
• Both projects use a referral system where users can earn more tokens by inviting others to join.
• However, Bee Network’s token is currently tradable on some exchanges, unlike Pi’s which cannot be withdrawn or traded yet.
  
  

2. Omega Network

• Omega Network aims to make cryptocurrency mining accessible through its mobile-based platform.
• It offers a user-friendly interface and advanced mining technology for its $OMN token.
• Users can mine Omega Network directly on smartphones without specialized hardware, similar to Pi.
• Omega Network has listed its token on exchanges like OKX, Bybit, and KuCoin, giving it more real-world utility than Pi currently has.
  
  

3. Eagle Network

• Eagle Network is a mobile mining app that allows users to earn their $EGON token by checking in daily.
• It shares Pi’s goal of democratizing cryptocurrency mining for the masses using mobile devices.
• Eagle Network also has a referral system to incentivize user growth, similar to Pi’s model.
• However, Eagle Network’s token is already tradable on exchanges, unlike Pi’s non-transferable coins.
  
  

4. ICE Network

• ICE Network is a social DeFi project that lets users earn their native ICE token through a mobile app
• Like Pi, it operates on an invitation-only basis to build a trusted community.
• ICE Network aims to prove the usability of digital currencies in real-world applications.
• However- But ICE token is already listed on exchanges, giving it more real-world value compared to Pi’s current status.
• For now, the ICE Network has Sunwaves Token built on the ICE Open Network (ION) blockchain.
  
  

Wrapping Up

I hope you get the things that you were finding about the Pi cryptocurrency. However, there are various things to happen in the future related to the same. When I find. I’ll post it here on Take One. For Future updates stay connected with us. Lastly, pi is not fake it is real and it will come on the scene at the end of 2024.


My suggestion to you stay patient and avoid scammers like they will offer you some value dont transfer it’s only a scam. Most importantly dont share your passphrase with anyone. Next, time I’ll come up with a similar post till then goodbye.

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