I am an investor of bitcoin since 2015 and I am trading bitcoin as a part time to my day job as a proprietor of my real estate business. They said that at its inception, Satoshi Nakamoto mined his bitcoin using his own personal computers since there was no specialized mining hardware yet at that time. Fast forward today, the same feat is already futille, if not impossible to do. No other cryptocurrency can let you mine tokens using the hash produced b y your cellphone..
And here comes PI NETWORK, a coin developed by a group of Stanford educated PhDs. The catch is, it will mine Pi token using your cellphone, BUT IT WILL NOT DRAIN YOUR BATTERY nor will result to any lag of your cellphone use. Now you may say that Pi Network is a scam. But how can it be when the network is not asking for any money from you
Pi Network refers to the network in which the value of Pi can and may be determined by the level of activities and engagement. Users who have downloaded the App may also be referred to as a member of the network.
The purpose of this network is to give value to this cryptocurrency by distributing Pi. The network is structured in such a way that users who have more invites gets a higher mining rate. This is to reward users for their contribution and commitment to the network. However, it is not compulsory for users to invite others to mine the cryptocurrency. Casual members who have no intention of inviting others to the network mine at a base rate. There are no other disadvantages or whatsoever besides having a base mining rate for casual users.
Who are the people behind Pi Network? Pi was co-developed by Vincent McPhillip, MBA and Ph.D Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. These people are respectable in their respective fields.
What does the Pi Network App do?
The Pi Network App can be downloaded when you visit the Official Website of Pi Network or you can go to Apps Store and search Pi Network. Once downloaded and installed, the Pi Network App requires you to fill in some details to create an account. You’ll see a message that says an invitation code is required. Remember we talked about the Pi Network? One will have to join a network to be in a network. Ok, sounds legit… The invitation code is case sensitive. Use mine if you ever need one: "esquirebaguio"
For more information of the project, read thoroughly its very informative whitepaper.
Invitation code (case sensitive): esquirebaguio