Online free earning Apps PI Network
Pi Network is an Android app through which lakhs of people are mining for free.
1.what is pi network ?
Pi Coin (PI) is the native crypto coin of the Pi Network, a blockchain project that aims to make mining accessible to any user with a desktop or mobile device and support a digital currency that can be used in everyday transactions.
this project launched in 2019 and has yet to go fully live, there is much debate and discussion as to whether Pi is a legitimate cryptocurrency or fake.
The name Pi is a reference to the mathematical constant Ï€ (pi), which represents the ratio of the circumference of a circle to its diameter. Pi Coin is distributed as a reward to users who participate in the Pi Network’s mining process.
Since the start of several hackathons in early 2023, participants have been developing gaming, decentralized finance (DeFi), and metaverse applications to operate in Pi the ecosystem.
As of August 2023, the project claimed to have 47 million app users, which it calls “Pioneers,” who have been able to complete Know Your Customer (KYC) checks and migrate from the testnet to the mainnet.
Pi Network, a blockchain platform with over 47 million users, has been expanding its ecosystem despite the bearish market. An AI price prediction model suggests that Pi Network could see gains of over 680% in 2024, following Bitcoin's next halving event.Pi Network, a blockchain platform with over 47 million users, is expanding its ecosystem despite the bearish market. AI price prediction model suggests that Pi Network could see gains of over 680% in 2024, following Bitcoin's next halving event. The model predicts steady growth through 2023 and 2024, with a price target of $282 per coin by October 2024.
Despite the gloomy market conditions, Pi Network has been working on its ecosystem, including the release of their 2023 roadmap. The project aims to make cryptocurrency accessible to mainstream users through its novel smartphone mining process. The upcoming Bitcoin halving event, which has historically triggered bull runs in the crypto market, could provide a once-in-a-lifetime opportunity for Pi Network to capitalize on its developed ecosystem and loyal community. However, it is essential to practice sensible risk management and consider the unpredictable nature of the crypto market.
The Founders
Nicolas Kokkalis
Head of Technology
Dr. Nicolas Kokkalis is a Stanford PhD and instructor of Stanford’s first decentralized applications class, CS359B, in 2018. His work focuses on combining distributed systems and human computer interaction to bring cryptocurrency to everyday people.
He started with a BS and MS in Computer Science, which led him to do a Ph.D. at Stanford University and then continue as a Postdoctoral Scholar in the Computer Science department there. Through and after his PhD work, Nicolas created an early framework for writing “smart contracts” on fault tolerant distributed systems, and multiple human-focused products including online social applications with over 20M users and a crowd-powered email assistant.
As a strong and long-term believer of the technical, financial and social potential of cryptocurrencies, he is determined to move them beyond their current limitations and is committed to bringing the power of blockchain to more people. With the founding of Pi Network, he aims to accomplish this by improving the current blockchain experience and empowering everyone to create, build and experience the future of online life through a user-centric design philosophy.
Chengdiao Fan
Head of Product
Dr. Chengdiao Fan is a Stanford PhD in Anthropological Sciences harnessing social computing to unlock human potential on a global scale.
Chengdiao finished her Ph.D. in Anthropological Sciences from Stanford University, with expertise in human behavior and human groups studies, and her later research interests have focused on human-computer interaction and social computing—specifically, how we use technology to positively impact human behavior and societies.
Her deep understanding about human societies and behavior and those principles—which have been used for previous research projects around productivity software, scaled social communications, and online human relationships and interactions —have influenced her work with Pi Network. With Pi Network, Chengdiao applies those same knowledge and principles to blockchain and decentralization as a real instrument to empower people with more accessible and frequent opportunities for collaboration and utility-building.
By optimizing human-computer interaction and envisioning the future human socioeconomic life through the web, Chengdiao is building Pi Network to mobilize individuals all over the world to participate and be rewarded for their contributions, and establish an inclusive ecosystem for global citizens to unleash and capture their own agency, and in turn create utilities and productions for society and the world.
3. How Pi Network Mining Works ?
The mining process in the Pi Network doesn’t rely on the computational power of your device. Instead, it uses the consensus algorithm SCP (Stellar Consensus Protocol), which allows it to be mined on a smartphone without draining your battery or data.
To start mining PI, users must download the Pi Network app and sign up using an invitation code, usually received from the person who referred them. The Pi mining app doesn’t need to stay open for the mining to occur. Users must check in every 24 hours and hit the lightning button to boost their mining rate. The mining rate is also boosted by referring other users with your referral code, reflecting Pi Network’s emphasis on expanding its user base.
It is worth noting that one person can only have one Pi account.
4. Pi Network Mining: Risks and Benefits ?
Pi Network brings a fresh perspective to the crypto space, aiming to democratize mining and make it accessible to everyone. There aren’t that many cryptocurrencies out there that let you mine them via mobile phone apps, so Pi Network is pretty unique. Users also don’t need any specialized knowledge or expensive hardware to mine PI coins, which can be an appealing prospect to crypto newcomers.
Moreover, Pi Network takes a cautious approach towards user data. You don’t need to provide any sensitive information to join. An email address or a Facebook account is enough. However, when the network moves out of the test phase, a KYC procedure will be required to confirm the legitimacy of the miners.
Yet, Pi Network is not without its risks. As it’s still in its development stage, PI coins currently have no value. Therefore, they cannot be traded on cryptocurrency exchanges and their future price is still unknown. The project’s success largely depends on its ability to move from a test network to a fully functional blockchain, and considering how long it’s been taking, many users might naturally be cautious.
Personally, I would recommend against dedicating too many resources to mining PI at the moment and before the project’s mainnet launches — unless, of course, you have absolute faith in the project.
5.Step-by-Step Guide on How to Mine Pi Network ?
Here’s a simple guide on how to start mining Pi cryptocurrency:
👉Download the Pi Network app. It is available on both the App Store and Google Play.
Go to http://minepi.com/sunderhans89 to get the Pi app.
Sign up. Use your Facebook account or email address and mobile with your country code to sign up.
Set up your password. Follow the instructions on your phone’s screen to create a strong, unique password.
Invitation code. Enter the invitation code of the person who referred you.
Start mining. Click the lightning button to start mining. Remember to do this every 24 hours to keep mining PI coins.
You’re now ready to start mining Pi Network! Explore the app and join Pi community spaces if you want to keep up with Pi blockchain news and updates.
After signing up, every user receives 1 PI. The platform has 4 ranks that let its users get some additional benefits when mining PI:
- Pioneer. This is the initial level for all users. The mining volume is 0.39 π/h.
- Contributor. To unlock this level, it is enough to mine cryptocurrency for three days.
- Ambassador. This rank is for users who invite other participants to join the Pi Network.
- Node. This level is assigned to those participants who have connected additional hardware to the network. Nodes are run on laptops and PCs instead of mobile phones.
Please note that the Pi ecosystem uses KYC to ensure all users are real humans.
6. Pi Network Mining: How To Maximize Your Profit ?
While it’s true that PI coins currently have no value, there are several ways to maximize your potential profits if the Pi Network becomes successful.
- Increase your mining rate. The more frequently you click the lightning button in the app, the higher your mining rate will be. Make sure to do it every 24 hours.
- Ask others to use your referral code. Encourage friends and family to join using your referral code. This increases your mining rate and, consequently, the number of PI coins you earn.
- Join a security circle. Add trustworthy people to your security circle. This improves the overall security of the network and increases your mining speed.
- Setting a lockup configuration (or, if you already have one, increasing your commitment). This significantly stabilizes the Pi blockchain network.
- Use apps in the Pi Browser directory. This increases app usage rewards and also helps to develop the Pi ecosystem.
7. Is Pi Network Dead? The Future of Pi Mining
There are a lot of crypto platforms that make big promises and ultimately never deliver on them. Considering Pi Network still hasn’t launched its mainnet, at least at the time of writing, it is natural that many crypto users are starting to question its validity and whether it is all just some elaborate pyramid scheme.
While I can’t conclusively tell you it’s 100% legit (nor can anyone), it is clear that Pi and its Referral Team mining bonus are not exploitive, as the latter is split equally between both parties, the referrer and the referee. Additionally, the only currency involved is Pi coins, with no fiat money thrown in the mix and no fraudulent transactions performed in the app.
The ecosystem has a lot of users, which is evident by the high number of downloads the Pi mobile app has on both iOS and Android. While this doesn’t guarantee the future potential success of Pi tokens, it is still a good sign. Ultimately, no one but yourself can decide whether it is worth investing in — but, at least at the time of writing, Pi Network definitely wasn’t ‘dead.’
👉Conclusion
Pi Network presents a unique opportunity in the cryptocurrency revolution. With its user-friendly approach, it has the potential to introduce a whole new crowd to the exciting world of crypto mining. Whether Pi will manage to transition from the test phase to a fully-fledged crypto remains to be seen. Still, with millions of engaged users, the journey of the Pi Network is certainly one to watch.
👉FAQ
Is Pi Network worth mining?
While this project’s worth is largely speculative at the moment, it could potentially pay off if the Pi Network ecosystem fully develops and the PI coin becomes valuable. Mining Pi doesn’t require any special hardware or significant energy consumption, as it’s done through the Pi app on your mobile device. Given its low cost and minimal effort, many users believe it’s worth trying.
You can check out our PI coin price prediction here.
Is Pi Network legit?
Pi Network appears to be a legitimate project backed by a team of Stanford graduates. The team that developed Pi node software maintains active engagement with the Pi Network users. However, it’s important to note that the project will continue to be considered speculative and not fully reliable until it starts getting exchange listings. Additionally, even after that happens, you should still be cautious and do your own research before giving the app any of your data or wasting your resources on it.
How does Pi Network work?
Thanks to its mining approach, the Pi Network project differs from traditional digital currencies that can be found on the cryptocurrency market. The mining process is based on the number of active users in your network instead of computational power. Users install the Pi app, apply an invitation code to join, and then check in daily to mine PI coins and increase their mining rate.
Is Pi crypto worth anything?
Having an enclosed mainnet, Pi crypto is not yet traded on any exchanges. That’s why it doesn’t have a current price. To sum up, PI’s price is speculative.
Pi coin value will depend on the success of the project and demand for the coin once it fully launches. Pi Network price predictions are hard to make without seeing the coin’s price history or price movement in the market.
Can PI mining hurt your mobile phone?
No, Pi mining won’t hurt your phone. Unlike traditional crypto mining, which requires significant computational power and can overheat and drain your device, the Pi app operates differently. It doesn’t use your phone’s resources to solve complex puzzles but rather assigns mining rates based on your level of engagement with the app and the network, causing no harm to your mobile device or phone battery life while still generating digital currency.
When will Pi mining end?
There is no indication that Pi mining will end any time soon. If you want to start mining Pi coins, you can do so at any moment in time.
KYC or “Know Your Customer” is a procedure to first identify and then verify user identities. Pi Network utilizes a proprietary KYC solution to scalably verify the identity of millions of Pioneers all over the world to onboard them to the Mainnet blockchain and ecosystem.
Not only is KYC important for the integrity of the network and compliance, but also it makes sure that it is fair for all human Pioneers who have been honestly mining in their own accounts. Achieving this goal is critical because real verified humans on Pi will contribute to the robustness of the network while encouraging the development of various apps for a utility-based ecosystem.
Over the past year, the Pi KYC software has been continuously updated to allow more and more Pioneers to apply, address many different corner cases in the application process, and verify identities of millions of Pioneers to prepare them for their Mainnet migration, while safeguarding the integrity of the network. The KYC progress of the whole network will remain a top priority of the community including the Core Team, Validators and Pioneers, and one of the two primary goals of the Enclosed Network period in the Mainnet Phase.
In the recent celebration of Pi Day, a major software update in the KYC app was also released and introduced in the Pi Day 2023 announcement. We’re providing the following FAQs to elaborate on the Pi Day KYC announcement and overall assist Pioneers on their KYC journey.
KYC FAQs
Do you still need to get a KYC slot randomly assigned by the system?
No, anyone except the two scenarios below should be able to visit the KYC app via Pi Browser and start your KYC application without waiting for an invitation. The invitation-based KYC slots assignment was only used in the past, and the process has been updated to allow anyone to start.
Newly created accounts will not be able to immediately apply for KYC verification, until after mining for 30 days (no need to be consecutive). This helps the network prioritize KYC validation resources for more committed human Pioneers who also have mined enough balance to make sense to go through KYC and migrate to Mainnet.
A very small proportion of accounts, identified by the algorithms as highly likely fake accounts or accounts that have violations, will not be eligible to KYC. If such account owners think that there is a mistake by the algorithms, they should submit their username for further investigation and potential proof of otherwise by filling in this form here: https://minepi.com/kyc-application-access. Depending on what we receive, we can investigate further.
When a KYC slot is opened up for you, will you still get the "KYC slot" popup notification when you start a new mining session?
The KYC popup notification should not be used as the only means by which Pioneers know whether they are eligible to start KYC application or not, although they will likely get a “KYC slot” popup. Pioneers should directly check their KYC eligibility on the KYC app in the Pi Browser (KYC.PI). You can simply open the Pi Browser and navigate to the KYC application. Please use the popup notification as a reminder rather than an invitation.
Now that Pi KYC is open for all, how can I apply for KYC?
Downloading the Pi Browser is required to apply for KYC. You can access KYC through the Pi KYC app in the Pi Browser. Make sure to have your relevant identification documents ready!
Pioneers are encouraged to directly check your KYC eligibility on the KYC app in the Pi Browser.
KYC Tentative Approval: What does it mean? What is necessary to pass? How long will that take?
The Tentative KYC program, which does not apply to the majority of the network, requires additional verification checks before the Pioneer can fully pass KYC. Tentative KYC approval does not equal full KYC approval, and thus will not yet unlock functionalities (e.g. becoming a Validator, or migrating to the Mainnet) requiring full KYC approval until the additional checks confirm its full KYC approval. However, tentative KYC approval gets the account much closer to full approval.
The reason for the selective Tentative KYC program is to ensure the integrity of the network—cautiously allowing as many real human Pioneers as possible to pass KYC, while catching and preventing as many fake and bot accounts as possible. Not only is this important for the network, but it’s also fair for all human Pioneers who have been honestly mining in their own accounts.
The specific additional verification steps may vary depending on the individual case, and the time it takes to complete them can vary, as well. Factors that can impact the timing include the volume of KYC applications being processed, availability of human validators of the region, complexity of the application, and types of additional checks applied to the tentative KYC case.
When the KYC status is "Tentative approval," how long will it take for it to be final "KYC passed"?
The duration of the Tentative Approval status is on a case-by-case basis and depends on the extent and types of additional verifications needed. One of the priorities of Q2 2023 for the KYC app is to iterate and apply such additional checks on the tentative KYC cases.
When KYC status is "Tentative approval," can migration to Mainnet happen?
No, you need to fully pass the KYC to be able to migrate to the Mainnet.
When KYC is submitted, what screens can you get in the KYC app?
After submitting the KYC application, the Pioneer can expect to see a few different screens in the KYC app. Pioneers may see a screen indicating that the application is “review in progress”. If the KYC application is approved tentatively (meaning it was accepted by Validators pending additional checks), the Pioneer may see a “tentative approval” screen.
If the additional checks further confirm the authenticity of the data and account, a Pioneer will see the “KYC passed” screen. For the majority of applications that are outside of the Tentative KYC program, they will directly see the “KYC passed” screen without the additional checks, if they are accepted
As per previous announcements, a submitted KYC application may be approved within 15 minutes if everything is submitted correctly and no name appeal is made. Is this still the case?
Yes, this is still the case as long as Pioneers have completed the required fields correctly and the availability of the human Validators is abundant in the country or region.
When will it be possible for KYC Validators to review name change appeals?
For Pioneers who appealed to change their account name (for small name updates), their appeals are either resolved by only machine automation or require the help from human validators to resolve. The first case has already been in place unblocking such applications to proceed in their KYC process. For the second case, human validators will likely be able to review name change appeals in Q2 this year, after the priorities of additional checks on tentative KYC applications and validators performance analysis.
My KYC is approved but not reflected in Mainnet Checklist Step 6. When can I proceed and start migration?
The Core Team is aware of this issue affecting some users and are working on resolving the data synchronization issue on the Mainnet Checklist in Q2 this year. In general, always rely on the Pi KYC app for the most accurate KYC status.
Overall, why is Pi Network requiring KYC before Mainnet Migration?
The vision of Pi Network is to build an inclusive and the most widely-distributed digital currency and ecosystem for all Pioneers. Pi Network’s mining mechanism is social-network based and relies on contributions of real Pioneers. Therefore, Pi has a strict policy of one account per person.
This requires a high degree of accuracy to establish that members in the network are genuine human beings, preventing individuals from being able to hoard Pi by creating fake accounts unfairly. KYC thus helps ensure the true humanness of the network in addition to compliance with anti-money laundering and anti-terrorism regulations.
Only people who passed the Pi KYC can migrate to the Pi Mainnet. The current Enclosed Mainnet period gives the community time to KYC and migrate to the Mainnet blockchain—a identity-verified, compliant and utilities-driven ecosystem where Pioneers can begin to use Pi for real goods and services.
9. how many PI Network Total Flowers on social Media Network 2024 ?
👉Facebook - 1.4M Like or 1.6M Followers
👉 Instagram - 125 Post or 1.6M Followers
👉 Twiter - 3.1M Followers
👉 Youtube - 70 Videos or 13.5 lakh subscriber
10. What is Future of PI Network Coin ?
According to cryptoatoznews, the future of Pi Network is something like this which has only been estimated, it is being estimated that in the future Pi Network will achieve a similar coin price and soon the cryptocurrency network will be launched.
Thank you very much for reading this post
Do you still need to get a KYC slot randomly assigned by the system?
No, anyone except the two scenarios below should be able to visit the KYC app via Pi Browser and start your KYC application without waiting for an invitation. The invitation-based KYC slots assignment was only used in the past, and the process has been updated to allow anyone to start.
Newly created accounts will not be able to immediately apply for KYC verification, until after mining for 30 days (no need to be consecutive). This helps the network prioritize KYC validation resources for more committed human Pioneers who also have mined enough balance to make sense to go through KYC and migrate to Mainnet.
A very small proportion of accounts, identified by the algorithms as highly likely fake accounts or accounts that have violations, will not be eligible to KYC. If such account owners think that there is a mistake by the algorithms, they should submit their username for further investigation and potential proof of otherwise by filling in this form here: https://minepi.com/kyc-application-access. Depending on what we receive, we can investigate further.
When a KYC slot is opened up for you, will you still get the "KYC slot" popup notification when you start a new mining session?
The KYC popup notification should not be used as the only means by which Pioneers know whether they are eligible to start KYC application or not, although they will likely get a “KYC slot” popup. Pioneers should directly check their KYC eligibility on the KYC app in the Pi Browser (KYC.PI). You can simply open the Pi Browser and navigate to the KYC application. Please use the popup notification as a reminder rather than an invitation.
Now that Pi KYC is open for all, how can I apply for KYC?
Downloading the Pi Browser is required to apply for KYC. You can access KYC through the Pi KYC app in the Pi Browser. Make sure to have your relevant identification documents ready!
Pioneers are encouraged to directly check your KYC eligibility on the KYC app in the Pi Browser.
KYC Tentative Approval: What does it mean? What is necessary to pass? How long will that take?
The Tentative KYC program, which does not apply to the majority of the network, requires additional verification checks before the Pioneer can fully pass KYC. Tentative KYC approval does not equal full KYC approval, and thus will not yet unlock functionalities (e.g. becoming a Validator, or migrating to the Mainnet) requiring full KYC approval until the additional checks confirm its full KYC approval. However, tentative KYC approval gets the account much closer to full approval.
The reason for the selective Tentative KYC program is to ensure the integrity of the network—cautiously allowing as many real human Pioneers as possible to pass KYC, while catching and preventing as many fake and bot accounts as possible. Not only is this important for the network, but it’s also fair for all human Pioneers who have been honestly mining in their own accounts.
The specific additional verification steps may vary depending on the individual case, and the time it takes to complete them can vary, as well. Factors that can impact the timing include the volume of KYC applications being processed, availability of human validators of the region, complexity of the application, and types of additional checks applied to the tentative KYC case.
When the KYC status is "Tentative approval," how long will it take for it to be final "KYC passed"?
The duration of the Tentative Approval status is on a case-by-case basis and depends on the extent and types of additional verifications needed. One of the priorities of Q2 2023 for the KYC app is to iterate and apply such additional checks on the tentative KYC cases.
When KYC status is "Tentative approval," can migration to Mainnet happen?
No, you need to fully pass the KYC to be able to migrate to the Mainnet.
When KYC is submitted, what screens can you get in the KYC app?
After submitting the KYC application, the Pioneer can expect to see a few different screens in the KYC app. Pioneers may see a screen indicating that the application is “review in progress”. If the KYC application is approved tentatively (meaning it was accepted by Validators pending additional checks), the Pioneer may see a “tentative approval” screen.
If the additional checks further confirm the authenticity of the data and account, a Pioneer will see the “KYC passed” screen. For the majority of applications that are outside of the Tentative KYC program, they will directly see the “KYC passed” screen without the additional checks, if they are accepted
As per previous announcements, a submitted KYC application may be approved within 15 minutes if everything is submitted correctly and no name appeal is made. Is this still the case?
Yes, this is still the case as long as Pioneers have completed the required fields correctly and the availability of the human Validators is abundant in the country or region.
When will it be possible for KYC Validators to review name change appeals?
For Pioneers who appealed to change their account name (for small name updates), their appeals are either resolved by only machine automation or require the help from human validators to resolve. The first case has already been in place unblocking such applications to proceed in their KYC process. For the second case, human validators will likely be able to review name change appeals in Q2 this year, after the priorities of additional checks on tentative KYC applications and validators performance analysis.
My KYC is approved but not reflected in Mainnet Checklist Step 6. When can I proceed and start migration?
The Core Team is aware of this issue affecting some users and are working on resolving the data synchronization issue on the Mainnet Checklist in Q2 this year. In general, always rely on the Pi KYC app for the most accurate KYC status.
Overall, why is Pi Network requiring KYC before Mainnet Migration?
The vision of Pi Network is to build an inclusive and the most widely-distributed digital currency and ecosystem for all Pioneers. Pi Network’s mining mechanism is social-network based and relies on contributions of real Pioneers. Therefore, Pi has a strict policy of one account per person.
This requires a high degree of accuracy to establish that members in the network are genuine human beings, preventing individuals from being able to hoard Pi by creating fake accounts unfairly. KYC thus helps ensure the true humanness of the network in addition to compliance with anti-money laundering and anti-terrorism regulations.
Only people who passed the Pi KYC can migrate to the Pi Mainnet. The current Enclosed Mainnet period gives the community time to KYC and migrate to the Mainnet blockchain—a identity-verified, compliant and utilities-driven ecosystem where Pioneers can begin to use Pi for real goods and services.
9. how many PI Network Total Flowers on social Media Network 2024 ?
👉Facebook - 1.4M Like or 1.6M Followers
👉 Instagram - 125 Post or 1.6M Followers
👉 Twiter - 3.1M Followers
👉 Youtube - 70 Videos or 13.5 lakh subscriber
10. What is Future of PI Network Coin ?
According to cryptoatoznews, the future of Pi Network is something like this which has only been estimated, it is being estimated that in the future Pi Network will achieve a similar coin price and soon the cryptocurrency network will be launched.
Thank you very much for reading this post
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