Pi Network : The King or The Bubble of Mobile Cryptocurrency ?

By Pk24 | Daily Manager | 16 Sep 2020


As you can find out at minepi.com :

 

As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.

Build a cryptocurrency and smart contracts platform secured and operated by everyday people.

Build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency

 

Pi’s economic model design requirements:

  • Simple: Build an intuitive and transparent model

  • Fair distribution: Give a critical mass of the world’s population access to Pi

  • Scarcity: Create a sense of scarcity to sustain Pi’s price over time

  • Meritocratic earning: Reward contributions to build and sustain the network

 

The Pi network hasn’t yet reached Mainnet so some of the features might change when that happens. Right now the second phase has been deployed and it’s open opportunities for developers to add Pi to their programs. 4 roles such as :

  • Pioneer. A user of the Pi mobile app who is simply confirming that they are not a “robot” on a daily basis. This user validates their presence every time they sign in to the app. They can also open the app to request transactions (e.g. make payment in Pi to another Pioneer which is added in the second phase of)
  • Contributor. A user of the Pi mobile app who is contributing by providing a list of pioneers he or she knows and trusts. In aggregate, Pi contributors will build a global trust graph.
  • Ambassador. A user of the Pi mobile app who is introducing other users into the Pi network.
  • Node. A user who is a pioneer, a contributor using the Pi mobile app, and is also running the Pi node software on their desktop or laptop computer. The Pi node software is the software that runs the core SCP algorithm, taking into account the trust graph information provided by the Contributors. No OPEN yet.

 

+ of Mine Pi

  • It’s free except the energy and the time you spend daily on using the app.
  • No upfront costs.(Verification process engages a small amount of spending)
  • No risk for this investment.
  • Future potentials are tremendous (but need clarification and specification)
  • Pioneers already use Pi tokens as medium of exchange from 10$ to 100$ searching on Internet. (Most possible the 10$ than 100$ when PI will be listed on official exchanges in 2021)
  • A robust Whitepaper with a lot of explanation for the upcoming actions.

- of Mine Pi

  • New = uncertainty = yet unofficial Token
  • Many users are NOT active miners and of course BOTS which should be eliminated ASAP.
  • Patience needed.
  • Data should be protected.
  • Roadmap is unclear and also THE TOTAL SUPPLY COINS
  • Scam? Absolutely No.
  • Surely need of HUGE PARTNERS in the Blockchain industry so as to invade in TOP 10

 

Searching on the Net you can find many sources for prediction the Pi NETWORK token price :

 

https://pinetworkvalue.com/  : Answer your personal thoughts for this netwrok

https://changelly.com/blog/pi-network-pi-cryptocurrency-review/ : First presentation of Pi

https://thepilifestylemarket.com/ : Trading Pi tokens ( price from 10 to 100 $)

Use the link to GET Pi coins on your phone  : https://minepi.com/Pk24031994 

 

CONCLUSION

 

 

I am Pioneer in Pi Network from October 2019 when the active users where close to 750K.

At first, i thought that it was something for fun and play and i did not understand what this means INVESTMENT & PATIENCE.

Now after 1 year of using the app and hitting the MINING once every day, i think that Pi has massive potentials to be a UNIQUE coin in the Crypto industry.

However i am not 100% sure for achieving the BEST.

I am waiting MANY UPDATES, MANY NEW INTEGRATIONS, MANY DAPPS so as to BUILD A STABLE AND INNOVATIVE NEW DIGITAL CURRENCY.

I HOPE BUT AT THE SAME TIME I see the disadvantages of this project.

 

My personal prediction is that in 2021 Pi will have a price below 10$ but if the project runs and flows appropriately then before 2025 this crypto could reach 50$ and more. (imo)

 

If you are interested in CryptoWorld, 

 

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Pk24
Pk24

Stock / Crypto as a Hobby Researcher Biologist as a Mindset Philosophist as a Human


Daily Manager
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