Pie Network: Free Tokendrop

By adriaparcerisas | ICO Reviews | 9 Mar 2021

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Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

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What is now all the rage is the Binance Smart Chain. For anyone who doesn't know, Binance Smart Chain is not a rebranded version of Binance Chain, nor is it a layer 2 or sidechain platform to extend Binance Chain. Binance Smart Chain is a completely separate and independent blockchain that can continue to function even when Binance Chain goes offline. At the same time, both chains are designed to work in parallel.

Binance Chain, launched in 2019, is a blockchain "optimized for fast transactions" to support Binance DEX, a decentralized exchange that allows users to exchange directly with each other. Binance Smart Chain, launched in September 2020, is a blockchain platform for developing and distributing dApps that can use "Smart Contracts."

What is special about Binance Smart Chain is its low commissions and fast transaction speed, but what is even more special is its EVM (Ethereum Virtual Machine) compatibility. Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is. In addition, many new projects are starting to launch directly on the Binance Smart Chain network. One example is Pie Token, a totally free cryptocurrency that can be obtained only by installing Metamask and making a transaction (which can be 0 BNB), to your BSC contract wallet. However, there are other ways to get the token (TrustWallet, Pancakeswap, etc.).

Definition

Pie Token (https://pienetworktoken.com) is a free tokendrop for the whole community interested in cryptocurrencies, especially for Binance Smart Chain users, as the largest amount of distribution is on this network. Anyone can participate to claim free Tokendrop event tokens through smart contracts. For that, a limit of one wallet address has been set for claiming Pie tokens. Each wallet can only claim tokens once.

How it works

Basic steps for Metamask users:

1. Install Metamask (https://metamask.io/download.html)

2. Change the Ethereum Mainnet network to the Binance Smart Chain network. See how here.

3. Send a transaction (you can fill empty 0) to Pie Network smart contract address: 0x8b09b6eb1d263644a267dfb2b2bc8d6b0fb72e7d

4. Done

Benefits

It is free of charge
It is on the BNB network, used by many cryptocurrency communities in the future due to cheaper and faster transaction fees.
Right now the cryptocurrency community is being crowded as a token with parking and farming systems.
In addition, Pie Token will provide rewards to the top 250 holders.
Different distribution system where every Binance smart chain user can do mining or what is called Pie token claims to increase the number of tokens in circulation.

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Token distribution

Claiming Pie tokens is the same as mining your tokens, the more people claiming the tokens will print the number of tokens that will circulate according to the total supply of about 21 million tokens.

In short, who can claim the tokens?

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18,000,000 Pie tokens will be distributed through its smart contracts on the Binance smart chain community.
1,312,000 Pie tokens will be distributed among the top 250 token holders.
188,000 Pie tokens will be distributed for airdrop, bounty and other marketing.
1,000,000 Pie tokens will be distributed for DEX or CEX exchanges.
500,000 Pie tokens for future development.

Bounty program

The project gives the opportunity to earn Pie tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_Pie), where you can access the link in order to see what are the conditions to become an early Pie contributor and start acquiring tokens.

For more information about the project, you can visit and read their webpage available here (https://pienetworktoken.com). You can also stay tuned in their official Telegram Channel (https://t.me/network_pie). I hope you liked the post and soon I'll send you new ones.