What is Pi Network? Has Pi Coin Entered the Market?

What is Pi Network? Has Pi Coin entered the market? How much is Pi Coin? Investors have been wondering about the answers to these questions for a long time. We will answer the questions about Pi Network in our article.

What is Pi Network?

Pi Network is a peer-to-peer marketplace where members can spend Pi directly to purchase goods and services.

What is Pi Coin?

Pi Coin is made available by three entrepreneurs from Stanford University. Pi created on the basis of the Stellar platform, although the Stellar platform did not allow mining during the development process, it made it possible to be a sharing model that depends on the talent and merit of the people by simulating the mining process with the updates they made. Although the Pi basically has the same logic as Bitcoin and other cryptocurrencies, it differs from the others in terms of operation.

Pi Network – Pi Coin Mining

In today's market, almost all cryptocurrencies are scraped with graphics cards and excessive electricity is consumed. Pi, on the other hand, allows you to dig without the need for internet and electricity after entering the Pi Network. Even if you turn off your phone once you start this excavation process through mobile applications, Pi Network continues the excavation process. After logging into the application and starting the excavation process, Pi Network earns you Pi every 24 hours. After completing this 24-hour excavation process three times, you can now reach the role of contributor and set up your own security circle. It is also possible to dig as many friends as you want to this security circle you have created. In addition, you can benefit from the excavation process made by only 5 of your friends who signed up to the system with your reference code. As in the production of all other cryptocurrencies, the halving process, also called halving, occurs in Pi after the excavation process reaches certain levels. In other words, as the current member reaches the new powers of 10, your profit from the excavation you make is halved. The existence of this system in cryptocurrencies, on the other hand, aims to make money difficult to obtain and value day by day.

Has Pi Coin Entered the Cryptocurrency Exchanges?

In order for Pi to enter cryptocurrency exchanges, it must first switch to its own main blockchain (Mainnet). In addition, all functions of the system need to be tested with a replica blockchain. If, after all these tests, the Pi proves to be operating without errors and impassability, it can move to the main blockchain, the Mainnet. After all these transactions, cryptocurrency exchanges can list Pi. For now, there is no information about when the Pi Coin will be available in the exchanges.

How much is Pi Coin?

Pi Coin has no value as it is not currently available on cryptocurrency exchanges and the mining process is still ongoing.