Item: PI+Network
Rating: 3.5
Author: Ankush

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If you are searching for a cryptocurrency platform then PI network must be in your list, I can assure you. It’s the world’s first mobile proof-of-work blockchain and it aims to be decentralized, secure, and eco-friendly.

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However, many people have doubts regarding its legitimacy and future. So, I’m going to discuss it today throughout this blog post.

PI Network Details

The Pi network is a combination of a digital currency for a multi-level marketing scheme. The Pi network was founded by Nicolas Kokkalis and Chengdio Fan, both Stanford University researchers. It officially launched on March 14, 2019. They began developing the app back in 2018 and within 1 year it had been established to the media.

The benefit of using it is that you can mine it just by your phone in the app. For instance, other cryptocurrencies such as Bitcoins require more processing power, and most miners use specialized devices whereas this app requires nothing.

How to Use the PI Network App?

The Pi network allows you to mine Pi cryptocurrency by marking diverse contributions to the network, Here is how it works:

Create an Account: Set up an account with a username, password, and either an email address or phone number.
Use an Invitation Code: Enter an invitation code (you can find plenty online if you don’t have one).
Start Mining: Tap the lightning button to begin mining Pi.
Check-In Daily: Visit the app every 24 hours and tap the lightning button to keep mining

Pros of PI Network

Innovative Concept: It introduces a novel approach to mining by allowing users to mine on their mobile phones without draining battery power.
Fair Distribution: The invitation-based system aims to distribute Pi coins fairly, encouraging community participation.
Eco-Friendly: Unlike energy-intensive proof-of-work (PoW) mining, Pi’s mobile mining is energy-efficient.

Cons of PI Network

Early Stage: It is still in development, and its main net hasn’t launched yet. It’s essential to remain cautious until more information is available.
Dependency on Trust: The network relies on trust among members, which can be both a pro and a con, depending on individual perspectives.

How Can I Increase My Mining Rate on Pi?

To increase your mining rate on Pi Network, consider the following steps:

Engage Daily: Open the app daily and tap the lightning button to mine. Consistent engagement boosts your mining rate.
Invite Trusted Members: Invite friends and family using your referral code. Their mining contributes to your rate.
Security Circle: Add trusted members to your security circle. This enhances your mining rate.
Verify Identity: Verify your account to unlock additional mining power.
Participate in Chat: Join the in-app chat and contribute positively. Active participation can boost your rate

How Can I Find Trusted Members to Add to My Network?

To find trusted members for your Pi Network Security Circle, follow these steps:

Invite Friends and Family: Share your referral code with friends and family. When they join using your code, you can add them to your Security Circle.
Online Communities: Participate in Pi Network communities such as social media groups, and forums. This will meet with other Pi miners and invite those you trust.
Verify Trust: Only add Pioneers you trust. Security Circles are crucial for the Pi blockchain’s security, so choose wisely.

PI Network is Fake or Real?

This is the most diplomatic question, the Pi network app is not completely fake all I can say now. However, according to our research, the application and the concept used have no sense in the future itself.

Therefore, as of now, we would recommend it as a fake. The app aims to add more people so that they can earn money via paid ads and downloading numbers. 33 million people have already used the platform and believe it for future events.