Pi claims to be the first digital currency for everyday people; it seeks to build a smart contract platform secured and operated by everyday people. Its vision is to build the world's most inclusive peer-to-peer marketplace, with the aim of building it to become the world's most widely used cryptocurrency. 

Pi network has identified a key limitation of Bitcoin, the biggest cryptocurrency yet, that it intends to solve: centralization of power and wealth in the hands of early adopters of bitcoin, keeping the majority late adopters out of reach in terms of possession and decision making. Pi's solution sets a way to allow everyday people to mine on their mobile phones, validating transactions on a distributed record of transactions. It deviates from the expensive, energy burning mining method associated with mining. To achieve this Pi introduces the design requirement of employing a consensus algorithm that would be extremely user friendly and ideally enabling mining on personal computers and mobile phones. 

To mine Bitcoin, nodes compete against each other to solve cryptographic puzzles. This makes mining energy consuming and nodes with the greater computing power win most of the time. Bigger entities outcompete by developing more powerful mining systems. In contrast, Pi uses the Stellar Consensus Protocol (SCP) which requires many exchanging network messages for nodes to come to a consensus. Pi allows devices of users to contribute on a protocol level and get rewarded.

Roles of Pi users

Pioneer: The Pi App user who daily confirms that they are not a robot. They also make transactions within the App.

Contributor: They provide a list of other pioneers that they trust, building a global trust graph.

Ambassador: They invite others.

Node: A user who runs the Pi node software on their PC. They run the core SCP algorithm

The Pi Economic Model

The Pi model is such that it seeks to be 

• Simple
• Fairly distributed
• Scarce 
• Earned by merit

Utility

The big question is: what will the Pi coin be useful for? 

Pi network understands that as we use our mobile phones, we make extraordinary profits for large corporations. Pi network seeks to capture this value and make the people profit from it. Pi allows members to pool their collective resources and share the value of what they create. Amazon for example, captures the value from the hard work of rating and reviewing by users. Pi seeks to create a native trust layer where members can scale trust, and rewards contributors to this trust system. 

Also, Pi seeks to create a system for bartering un-utilized attention and time. Everyone would have the opportunity to be an influencer or tap from the wisdom of the crowd. There is the possibility of opening the attention market where people can post their content on the Pi network. Also, companies can pay to capture the attention of users on the network, so that users can get paid for the ads they are fed. 

A direction that Pi seeks to take is the barter marketplace, or virtual storefront. Goods and services would be offered through the storefront to other members of the community. 

Pi's utility would be the soil for a broader ecosystem of decentralized application, allowing Dapp developers to use existing infrastructure and the shared resources of other community members.

Governance

Governance is going to be for and by the people

Roadmap

The deployment plan includes a design and distribution phase, Testnet phase and Mainnet phase. 

Right now, the network is in test net, where mock wallets are being tested on the platform.

Mine Pi

Right now, it is possible to mine Pi. There are over 15 million users right now mining Pi and the rate of mining will reduce as halving takes place due to more users in the network. Minting of Pi coins might end at Mainnet or when users reach 1 billion. It is advised that you take advantage now.

Since Pi is not traded on any exchange, it has no dollar value at the moment. At Mainnet, projected for the end of 2021, it could assume any value, some are speculating 1 cent, others are speculating up to 200 dollars. No one knows right now, but remember that BTC was once almost worthless. 

START MINING

To start mining you need to download the mobile Pi App. 

Use this link: https://minepi.com.com/Aflyn with the referral code: Aflyn