What is Pi crypto?Is Pi crypto important?Is the Pi Coin Legit?Does the Pi Network Have a Future?

 What is iPi crypto?

The official website of Pi Network says its purpose is to ensure that no one is left out of cryptocurrency exchanges, indicating that mining cryptocurrency is difficult, and investing in it can be very risky.

According to the project, it gives anyone the ability to dig a crypto into his phone without removing his battery. As such, there is now a speculative speculation about whether the value of Pi coin could be in the future.

There are many different roles within the nature of a project. Daily users who download the mobile app are called Pioneers and are expected to verify that they are not a daily robot by signing in to the app. Delegates introduce others to the Pi Network, and this unusual format has created suspicions for some that the project uses strategies commonly used by multi-level advertising programs. Nodes refer to those who use the application and run node software on their computer.

But here's one thing that makes it hard to predict Pi's current prices: cryptocurrency actually doesn't live on exchanges yet. To sum up the problem, the mainnet has never introduced.

Is iPi crypto important?

At this stage, we cannot answer the question of whether the Pi Network will be suitable for anything.

The project states that, at the time of launch, the number of basic mines stood at 1.6 π per hour - half to 0.8 π when 100,000 users rode. Another follow-up was 0.4 π per hour followed when a million users started using the app, and the latest slash to 0.2 π per hour came after its user base boasted more than 10 million.

The Pi Network recently said it now has more than 14 million pioneers on board, and encouraged them to "mine as high as they can". The next half is expected to be 0.1 π per hour will occur when the mainnet starts (date is not yet clear); if PI could reach a billion users, the reward would drop to zero.

Is the Pi Coin Legit?

As we have said, some cryptocurrency speculators are not worried about the future value of cryptocurrency; they are very worried about whether this project is a scam.

Some of the most reliable coin price quotes on Pi often come from those who download the app; others have suggested that one Pi can cost anywhere between $ 10 to $ 100 right now. However, there is absolutely no evidence to support this, and the team behind the Pi Network has not yet released much details about the progress of the project.

The Pi Network seems to be the most popular in Southeast Asia. However, blockchain experts speaking to Vietnamese publication VnExpress have filed a formal skepticism of the crypto platform - not least because users do not have access to their private keys.

Blockchain expert Dang Minh Tuan, from the Post and Telecommunications Institute of Technology, said that, unlike many other networks, Pi does not seem to be able to do things openly. He added:

"Pi Network has an app for smartphones and servers to keep them running, so why don't developers release its source code for public review?"

Ads have also recently been added to the Pi Network app, suggesting that the main motivation for the software could be to monetize the millions of users who download it.

Another issue involves data that a person must discard when downloading an application, including his or her full name, phone number and Facebook username. Tuan warned that some types of data may be stolen from the user's device. Alarm bells have also begun to sound like this could be a pyramid scheme based on the fact that new users can only join if they have a forwarding code from an existing Pi user.

Does the Pi Network Have a Future?

Pi Network's 2021 price tag will be easier to make if the mainnet ever started, and if users end up with the cryptocurrency they used to be miners. Until then, we will have to wait and see. This is meant to happen when Phase 3 first becomes apparent.

Unlike many other blockchain projects, there is very little information about Pi Network online, including crypto news sites.

There is already a chance that we can prove that we are not at fault with the Pi Network: that it will launch, that users will get their coins and that cryptocurrency will be of great value. The project looks reliable based on how it was founded by the graduates of Stanford, a prestigious university. Crypto projects have exceeded expectations, but are also dominated by rugpulls, scams and pyramid schemes, as evidenced by the collapse of OneCoin. Some estimates suggest that up to $ 19.4bn (£ 14.2bn, € 16.4bn) may have been stolen when OneCoin went under, and many people ended up being prosecuted.