Pi is a new digital currency being developed by a group of Stanford PhDs. For now, you can join the beta to earn Pi and help grow the network. Your phone will do all the work for you and it’s completely free. People who join during the beta phase can become contributors and mine at the highest rate and gain special privileges. The mining rates will be reduced and there is also a possibility of the mining feature to be terminated. You can also talk directly to the creators through the chat system and the interface is extremely user-friendly, we have chatrooms for different nationalities.

As a refresher, one of the major challenges that arises with maintaining a distributed record of transactions is ensuring that updates to this open record are not fraudulent. While Bitcoin’s process for updating its record is proven (burning energy / money to prove trustworthiness), it is not very user (or planet!) friendly. For Pi, we introduced the additional design requirement of employing a consensus algorithm that would also be extremely user friendly and ideally enable mining on personal computers and mobile phones.

Pi Network is currently at 6 Million miners! Just for you to have an idea, the largest reported channel on Telegram has around 200k members and the Pi Network’s general chatroom has more than half a million users!

How to start?

>Follow this link: https://minepi.com/Kapix >Download the app (Pi Network) >Use the code: Kapix (you will get a 25% mining boost)

With this being said, you will need the invitation code to get in. Upon downloading the app, it will be the first thing they will ask when you try to register to further proceed, you must be invited by an existing member to start mining.

What should I expect?

You have to keep in mind that it is not listed yet in any exchange, therefore, the currency is not “worth” anything just for now. The team is aiming to make it possible, to be listed on an exchange, in 2020 (Phase 3- Q4 2020).

Don’t worry! It is not necessarily a bad scenario since you have plenty of time to mine as much as you can before the next halving rate. On top of this, there is a possibility that the mining feature, on the phone, will be terminated in the future. It isn’t a certainty yet but we will also have the Node feature where you will be able to mine in an average laptop without absurd costs to secure the network like the case of Bitcoin and others.

The team is already allowing the first in-app transactions which are a pilot test to a limited number of users before it is fully released to the whole community

It is important to point out that there will be implemented a KYC verification system before we move from the Testnet to the Mainnet so that fake and duplicate accounts will be left behind and only verified users\balances will be approved.

But wait… The Node Feature is coming up soon and we will have a Pi Marketplace where you will be able to trade the Pis that you have mined along the way for services\goods which will be sold on the Marketplace.

Is it potentially dangerous or could it be a scam?

It isn’t at all and you have nothing to lose!

It has been featured in multiple reputable crypto platforms\blogs, these are a few examples: Yahoo Finance and Standford Daily.

It won’t drain the battery, have hidden permissions, use storage, damage your CPU or GPU, consume data, and it happens in the cloud. You only need to confirm that you are a human by clicking the mining icon every 24hours to re-activate your mining session, this way bot accounts are prevented from mining.

We are not dealing with a “ghost” team and they are extremely communicative with the community. The team’s bio will be linked down below and you can find more info in the app.

Where can I find more detailed information?

>Whitepaper

>FAQ

>The team behind the project