Hello there, fellow cryptonauts. I hope you are all having a wonderful day. Today i want to tell you about "Pi Network".

What is "Pi Network"

It is an app made by Stanford graduates, which lets you mine a cryptocurrency called "Pi" on your mobile device. The whole project was launched on 3/14/2019 (Pi Day) and the goal is to make blockchain technology accessible to everyone. Personally, what stood out the most for me was the fact of how energy efficient their algorithm works. For more information, go check out their website: https://minepi.com/#home or check out this article from the Stanford Daily: https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/

Core Development Team of Pi Network

Pros:

• As I have told you before, the miner is very energy efficient.
• The community is huge (13+ Million engaged pioneers)
• You can invite your friends and get a small bonus on your mining rate (as the Network relies on so called "Security Circles")
• It is totally free

Cons:

• The project has not transitioned to the mainnet, yet.
• Because of this, you cannot trade your Pi on the various crypto exchanges.

Conclusion:

I think that "Pi Network" is a really interesting concept and it is definitely something you should look into, if you are interested, but there are some concerns regarding the cons i listed above. I will keep you updated as time progresses.

Last but not least, my referral link for the app: https://www.minepi.com/xyuon or use the name: xyuon

That's a wrap for today, enjoy your saturday and keep earning!