Mine Coins With on Your Mobile Phone with π (Pi) Network
What Is π(Pi) Network and π Token?
Before starting to mine coins with π(Pi) Network, you should first understand what it really is. π(Pi) is a mobile application that uses mobile phone devices as a computing device to mine π(Pi) tokens. As such, it has a rapidly growing number of everyday users mining pi tokens. In order to earn coins, they have to prove that they are not a robot by logging in every 24 hours to confirm the device in order for mining to continue. Anyone can introduce as many people to pi network as they want, being rewarded by rising the hourly mining rate. This format has caused some to accuse the company of multi-level marketing, but this is not the case.
Who Are Co-Founders of πPi?
The Pi Network project has two co-founders, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Kokkalis holds a PhD from Stanford University and has founded several startups. He also teaches a computer science course at Stanford on decentralized applications on the blockchain. Meanwhile, Fan has a PhD from Stanford and has worked on startups that aim to scale social communications and surface social capital. Although the founders have been kind of secretive, they’ve been working hard to develop the project and have released a plenty of public information.
While Pi Network has kept insisting that it is not an ICO, the company is running a crowd sale. In other words, the coins you mine on the Pi network remain within the system, unless you decide to sell them. The network’s open mainnet means that it’s easier to trace the identity of a user than a crypto exchange. Besides that, Pi is currently listed on several crypto exchanges and has a number of users interested in joining the community.
π (Pi) Token Listed on CoinMarketCap.com
By listing the token on the biggest cryptocurrency informative website CoinMarketCap.com is a clear message that the people behind the Pi network mean it seriously and that π should be the true community coin owned by people not big shareholders or corporations. Therefore there is no way to purchase the π token other than mine it!
Although there is not any measurable data about π token on CoinMarkeCap.com yet, the user base of miners is growing fast.
How to Mine π (Pi) Tokens
As we mentioned the only way how to obtain the π tokens is through installing π app on your mobile phone, either android or iOS device, you will be prompted with entering the username of your referral, which if you do not have feel free to enter my username – Mirolpt
and then you should verify your identity and you can start mining right away.
As far as the phones speed performance or a battery life, we didn’t notice any decrease or issue.