What is Pi Network?
Pi Network is a cryptocurrency that can only be mined on mobile phones, similar to the previous project called “Electroneum (ETN)”. However, the difference is that mining Pi coins does not drain device resources like other free mining applications.
Pi Network project was founded by a group of alumni who graduated from Stanford University. Pi Network’s core team is leaded by two PhDs and an MBA at Stanford, all of which help build the blockchain community at Stanford.
See more at Pi Network’s official website.
What is the value of Pi?
Today Pi is worth approximately 0 dollars / euro etc. Similar to Bitcoin in 2008. Pi’s value will be backed by the time, attention, goods, and services offered by other members of the network.
Pi Network project is currently running Testnet (Phase 2). At this time, the Pi Core team is focusing on the technical roadmap for the project Mainnet launch (phase 3). After reaching the Mainnet, users can exchange Pi to each others, or convert to other cryptocurrencies, or to the fiat currencies, or also can use Pi to make purchases. We hope that will happen soon.
Instructions for mining Pi coins
Download and setup Pi Network app
Pi Network currently supports two platforms: Android and iOS. You can access the Google Play (for Android) or App Store (for iOS) and search by keyword “Pi Network”.
Create a Pi Network account
Step 1: First, download the Pi Network app appropriate for your device.
After downloading the application, open it to register
In this step you can optionally register for an account with Facebook or your phone number. However, you should choose the phone so that it is easier to authenticate your Pi Network account in the future.
Step 2: Select your country, enter your phone number and press GO
Step 3: Enter the password and confirm the password. Note that the password must have capital letters, special characters like! @ # $% Or a number. Finished, click SUBMIT
Step 4: Enter your First Name, Last Name and Username, the username must includes only letters and numbers, should not contain white space or any special characters. Then click SUBMIT
Step 5: Finally, enter the invitation code as lyvinhtruong, you can also enter anyone’s referral code. If you use mine, I am very thankful of you, and if you get any problem, I will support you enthusiastically!
Then, click SUBMIT button.
Hooray!!! … You have already created an account successfully. Press the GET STARTED button to get some Pi coins for the first time!
Please click to mine Pi every day!