In this blog, we are going to review the popular cryptocurrency Pi. Pi cryptocurrency is currently very popular as anyone can collect it (or mine it) using smartphones. Some of you may do not know what cryptocurrency is? Don’t worry, we will explain all in detail.
If you are here to collect the invitation code only, then my invitation code for the Pi coin is namannhr
The main points that we are gonna discuss in this blog are:
- What is cryptocurrency?
- What is Pi?
- Is Pi crypto real or fake?
- How to mine Pi?
- What is the value of Pi?
- Invitation code of Pi network – namannhr
All the above mentioned points are discussed in great detail below:
What is cryptocurrency?
A cryptocurrency is a digital or virtual currency secured by cryptography technology. Cryptography security makes it nearly impossible to counterfeit or double spend. All the information regarding the users and their balance is stored in a ledger existing in a form of a computerized database.
Cryptocurrencies are not issued by a central authority and it does not exist in physical form (like paper money). It is like online money stored in some online wallets.
The first cryptocurrency Bitcoin was released in 2009. Since its release in 2009, the price of 1 bitcoin rose from $0 to $35,000 in 2021. Many more cryptocurrencies are released after bitcoin and many of them achieve huge success.
Initially, these cryptocurrencies are distributed free of cost. The supply of these coins is fixed. Once these coins are widely circulated in the market, their demand and supply create their value.
Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet. Many people invest money in cryptocurrencies by seeing their huge growth over time.
What is Pi?
Pi or Pi coin is also a digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide. We will discuss Pi coin value, Pi coin review and invitation code to mine Pi. This is a cryptocurrency that is trying to simplify the cryptocurrency world and bring cryptocurrencies to a large number of people.
Pi network is currently at Phase 2 with over 12 million members worldwide. The number is still increasing, soon phase 3 will be launched that’s when the Pi coin will have value, and be used to buy goods and services or to exchanged for fiat currency.
The value of this digital currency depends on the people. If more and more people use it, the demand for Pi will increase in the market and with increasing demand, the value of Pi will also increase.
Is Pi crypto real or fake?
More than 12 million people already subscribed to Pi currency. They also have their official app for the play store as well as AppStore. The creators of this Pi community are from Stanford University. All the information of the creators is public.
Pi community also released a paper- known as Pi white paper, which contains all advanced-level information about Pi. The Pi community is already pre-planning all the events regarding Pi cryptocurrencies.
By reading all the Pi articles and using their app, it is confirmed that Pi is authentic. Hence, the Pi crypto is real and not a scam.
How to mine Pi?
Pi cryptocurrency is the first-ever cryptocurrency that can be mined on any smartphone. To start mining Pi cryptocurrency, follow the below steps:
Download and install the official Pi app from the play store (for Android) or AppStore (for ios) or from the below link on your smartphone. The link is given below:
Start the Pi application and sign up using your phone number or Facebook account. You need to verify your phone number later, so choose wisely.
Set up your password for the Pi account.
Now, set up your account by filling details like First Name, Last Name and your username for Pi app.
An invitation code is necessary to mine Pi. If you already have an invitation code, it’s great. If not, use my invitation code – namannhr
Now click on the button shown on top right to start mining Pi on your app.
These are the 6 simple steps that you have to follow to start mining(earning) Pi cryptocurrency. You can view your Pi balance on the top of the screen when you open the Pi app.
Please note that you have to verify your account through KYC to claim Pi coins. The Pi earning rate is currently 0.12 Pi per hour and it decreases with time as more and more users join Pi community.
You have to open Pi app daily in order to earn PI coins. This is because Pi community wants to verify that you are a human and not a robot. Mining Pi is completely free and Pi community also claims that Pi app do not drain your mobile battery.
You can also increase your Pi earnings by referring this app to more and more people. There are many other ways as well to increase Pi earnings which can be viewed in the app itself.
What is the value of Pi?
Currently, the Pi currency is in the beta phase and not open for market transactions. As told by the Pi community, the Pi network goes through 3 phases.
Currently, the Pi network is in the 2nd phase with over 10 million users. In the 3rd phase, this currency will be listed in the market and then users can use their Pi coins to buy/sell products or convert this currency into some other currencies.
Based on many different factors, the expected value of Pi after 5 years (in the year 2026) can be between $3-$200. This expectation assumes that the Pi community works hard to make this cryptocurrency successful and safe.
There is a huge potential in the Pi network as the world is going towards digitization. Currently the Pi community is growing at a good pace. If this continues and people start believing in Pi, then Pi can easily become the most popular cryptocurrency.
Pi invitation code
Pi mining is totally free and hence it is totally worth it to join Pi community. A user must have an invitation code to join Pi community. Do not worry if you don’t have one, you can use my invitation code:
There is no harm in becoming a part of Pi community. You just have to install one app and open it 1 time daily. It merely takes your 10 seconds. But if this cryptocurrency becomes successful in the future, you will be more than happy with your past decision.
Final Summary of Pi cryptocurrency
Pi coin is a cryptocurrency that can be easily mined on any smartphone. It is safe and legit. Currently, there is no value associated with it as it is in the beta phase now. After some time (6-12 months), it is expected to be in the market and then its value is finalized.
Pi mining takes place on Pi app on smartphones. You just have to spare 10 seconds daily to earn Pi coins. There is a huge potential in Pi crypto so it makes great sense to collect some Pi coins and keep them for future use.
Invitation code is a must for new users to join Pi community. If you do not have an invitation code, use my code – namannhr
That’s it, this is the complete overview of Pi cryptocurrency. I hope you guys like it. You can share your views on this in the comment section.
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