Mine cryptocurrency on your phone – no purchase or money needed.
Simply download the “Pi” app and use invite code ‘oak5’ to get access.
iPhone Users: https://apps.apple.com/us/app/pi-network/id1445472541
Android Users: https://play.google.com/store/apps/details?id=com.blockchainvault&hl=en_US&gl=US
What is Pi Cryptocurrency?
Pi is a new digital currency developed by Stanford PhDs, with over 14 million members worldwide. To claim your Pi, download the Pi app and use invite code ‘oak5’.
To mine Pi, simply install the app, and click to mine once every 24 hours.
How Much is Pi Cryptocurrency Worth?
Right now, Pi has no value, because it is not yet tradeable on cryptocurrency exchanges. There’s also no way for Pi Network members to exchange the currency amongst themselves either, however, a wallet is actively being tested by Pi developers and is expected to launch in Spring 2021
Wait. Is Pi a MLM/pyramid/ponzi scheme?
Probably not. Users are giving up their name, and possibly a phone number and linked Facebook account to join. Though this personal data has value, users don’t have to pay anything to join Pi or Mine.
The Pi structure is flat. Users only earn Pi when they themselves are mining or when the people they invite are mining.
There’s no additional benefit to the people you invite, inviting more people. It’s a detriment because more miners will lead to a slower mining rate. That said, many people are participating in Pi beyond just self interests.
I for one like the idea of democratized currency that isn’t dependent on single countries or needlessly complex banking systems. The Pi Currency whitepaper does a good job outlining the spirit behind this crypto currency project.
What’s more, the co-founders of Pi are professors at Stanford and have put their careers on the line, so it’s unlikely this is all a big hustle.
Who Invented Pi Cryptocurrency?
Dr. Nicolas Kokkalis
He is literally the Stanford instructor on cryptocurrency and blockchain. Here’s his profile on Standford.edu. He also has a bio on the Mine Pi website.
Dr. Chengdiao Fan
Dr. Fan in a Ph.D. in “computational anthropology” so perhaps Pi is one big social experiment. A simple Google search doesn’t yield a lot except coverage by the Stanford news site on the Pi project.
A slice of Pi for all
I’m kicking myself for not buying and using bitcoin in 2013. But did you know, BitCoin has some downsides? Something like 2% of Bitcoin users control 90% of the currency.
With Pi it’s different. Individual users cannot amass an absurd amount of Pi, because the only way to earn Pi is to mine it yourself or invite other people.
Pi is also international. Users span the globe and there was a recent uptick of users in Vietnam, which I think is so cool.
If you’re interested in Pi, please install the app and use my invite code, oak5. In turn, you’ll get a Pi coin, and I will as well for inviting you. Happy mining.
iPhone Users: https://apps.apple.com/us/app/pi-network/id1445472541
Android Users: https://play.google.com/store/apps/details?id=com.blockchainvault&hl=en_US&gl=US