Kapil Dev

106K+ subscribers

Kapil Dev

106K+ subscribers


What Is Pi Network (PI) ?

smckapildev Mar 04

Pi Network is a relatively new cryptocurrency project that aims to provide an alternative to traditional cryptocurrencies by prioritizing accessibility, security, and simplicity. It was created in 2019 by a team of Stanford graduates and has since gained a significant following.

One of the unique features of Pi Network is that it does not require significant computational power or energy consumption to mine, unlike many other cryptocurrencies. Instead, users can mine Pi by simply installing the Pi Network app on their smartphone and verifying their identity. This makes it more accessible to a wider range of users, including those who may not have access to specialized mining equipment.

Another key feature of Pi Network is its focus on security and privacy. The app is designed to ensure that user data is kept safe and private, and users can control what information they share with the network.

Pi Network is still in its early stages of development, and its value is not yet established on the open market. As of March 2023, Pi is still in its testnet phase, and it is not yet available for trading on major cryptocurrency exchanges.

It is important to note that investing in cryptocurrencies, including Pi Network, can be highly speculative and volatile, and it is important to thoroughly research and understand the risks involved before investing. Additionally, the cryptocurrency market is largely unregulated, which means that investors may not have the same protections as they would with other types of investments.

Is Pi Coin available for sale?

Pi Network is aware of reports that several unauthorized third party exchanges, and potential unknown third parties, are seeking to list Pi or tokens purporting to be Pi, or some purported derivative of Pi, without the consent, authority or involvement of Pi Network.

Pi is currently in the Enclosed Network period of Mainnet and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network is not involved with any purported postings or listings.

The Network is NOT having any ICOs or any type of crowdfunding, and any sales of Pi are unauthorized and have no affiliation with Pi Network.

Currently, Pi Network recommends to all Pioneers and potential Pi users not to engage with any of these exchanges or third party actors as their actions are not affiliated with Pi Network, and could result in substantial loss or damage to Pi users. Pi Network is also requesting these posts and exchange listings removed, and evaluating additional actions with respect to the third parties and exchanges. In the interim, it is important to reiterate that the transaction of Pi through an exchange is explicitly prohibited during the Enclosed Mainnet period, and doing so would be a violation of Pi’s policies.

Please see Pi Network’s statement on unauthorized exchange listings on its website: CLICK HERE

Related Pages:

Learn more about Dogecoin. (DOGE)

Learn more about Shiba inu. (SHIB)

Learn more about Baby Doge Coin. (BABYDOGE)

Learn more about Floki inu . (FLOKI)

Learn more about Bitcoin. (BTC)

Learn more about Ethereum. (ETH)

Learn more about Tron Coin. (TRX)

Learn more about Binance Coin. (BNB)

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