Pi Network, another Pi token in Crypto world
There are more than one Pi-tokens in the crypto world. The one we discuss here is called the Pi Network and it has been created by a group of Stanford PhD's.
Pi is the first token which can be mined on your mobile phone, by following an invitation link:
https://minepi.com/Carapthian
When clicking the link, you will open the homepage of the Pi-network:
Here you can download the app and start mining. As a new user of the app, you will be a pioneer and earn 0,2 Pi per hour. In order to keep earning, you will need to open the app every day and re-activate the mining.
There are 4 user levels (out of which 3 are operational right now):
Pioneer.
As a pioneer, you are using the app and earning 0,2 Pi per hour
Contributor.
As a contributor, you have been mining for at least 3 cycles and you have created a security circle by selecting up to 5 Pi contacts, for whom you vouch they are secure. This can generate an additional 0,2 Pi per hour.
Ambassador.
Here you earn based on your earning team. For every person in your team, you will receive 25% of their base earning as additional income. The first person who will be put on your earning team will be the person whose invite you used. After that invite more people to increase your earning team. As soon as you have invited more than 7 people, you will become and ambassador. You will earn the additional Pi however even if you are not an ambassador yet.
Node.
To be a node, you will need to rung mining software on your laptop / desktop. This feature is not switched on yet.
Pi-Network is running in Beta right now and the mining rates will decrease as soon as the amount of user increase. It pays of to be an early adopter. Pi-Network was established on Pi-day 2019 and just celebrated it's first anniversary.
The mission of Pi is to build a cryptocurrency and smart contracts platform secured and operated by everyday people.
The vision is to build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency.
Pi Network has build an economic model which prevents the creation of Mega Whales:
Al lot of the idea's behind the Pi Network resolves around usage of mobile phones, and in its core, it wants to give value in return for usage of mobile phone, rather than have other companies (like Facebook and Google) monetize it. Details are available in the whitepaper: https://minepi.com/white-paper
If you are interested check out this link and start mining:
https://minepi.com/Carapthian
This article has been created by The Crypto Universe: https://thecryptouniverse.com/ our mission is to bring Crypto related content and education to the masses. The Pi Networks approach fits into our goal to create a #leagueofsmallHODLers
The Promille project with a TRX reward generating Pi-token is part of The Crypto Universes platform. More info can be found here: https://t.me/promille_project