About Pi Crypto
Pi Crypto Network is aware of reports that several unauthorized third party exchanges, and potential unknown third parties, are seeking to list Pi or tokens purporting to be Pi, or some purported derivative of Pi, without the consent, authority or involvement of Pi Network.
Pi is currently in the Enclosed Network period of Mainnet and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network is not involved with any purported postings or listings. The Network is NOT having any ICOs or any type of crowdfunding, and any sales of Pi are unauthorized and have no affiliation with Pi Network.
Currently, Pi Network recommends to all Pioneers and potential Pi users not to engage with any of these exchanges or third party actors as their actions are not affiliated with Pi Network, and could result in substantial loss or damage to Pi users.
Pi Network is also requesting these posts and exchange listings removed, and evaluating additional actions with respect to the third parties and exchanges. In the interim, it is important to reiterate that the transaction of Pi through an exchange is explicitly prohibited during the Enclosed Mainnet period, and doing so would be a violation of Pi’s policies.
Pi Crypto Price
| Coin Basic | Information |
|---|---|
| Coin Name | Pi Crypto |
| Short Name | PI |
| Price | $23.58 |
| Total Supply | N/A |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Utility: Pooling and monetizing time online
Today, everyone is sitting on a veritable treasure trove of untapped resources. Each of spend hours day on phones. While on phones, each of our views, posts or clicks creates extraordinary profits for large corporations. At Pi, we believe that people have the right to capture value created from their resources.
They all know that we can do more together than they can alone. On today’s web, massive corporations like Google, Amazon, Facebook have immense leverage against individual consumers. As a result, they are able to capture the lionshare of value created by individual consumers on the web. Pi levels the playing field by allowing its members to pool their collective resources so they can get a share of the value that they create.
Token Model and Mining
A well thought-out, sound token design is critical to the success of a cryptocurrency network. It has the potential to create incentives to bootstrap network formation and growth, build a utilities-driven ecosystem, and thereby support the cryptocurrency underpinning such a system. What a network incentivizes says a lot about what a network needs—for example, network growth or fundamentals-driven utility creation, a mere store of value or a medium of exchange for the cryptonative ecosystem.
This chapter covers the supply of Pi and how Pioneers can mine Pi in different phases of the network, and the underlying design rationale for different mining mechanisms including to build and grow the network and to incentivize the creation of a utilities-based ecosystem. Note that Pi is a layer one cryptocurrency running on its own blockchain, which “token” here refers to.
Pi Supply
Pi Network’s vision is to build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi, the world’s most widely used cryptocurrency. To deliver on this vision, it is important to grow the network and make Pi widely accessible while maintaining the security of the blockchain and long-term network incentives.
While these goals have always guided the token supply model and mining design, the key distinction is: the pre-Mainnet phases focused on driving network growth and widely distributing Pi and the Mainnet phase will focus on rewarding more diverse forms of Pioneer contributions necessary for ecosystem building and utilities creation.
The Future of Social Cryptocurrency in Web3
45+ Million Engaged Members
An open community powered by a cryptocurrency delivering accessibility and a robust utilities-driven Web3 ecosystem
Free to Mine Cryptocurrency
Pi is always free to mine on mobile, putting power into the hands of people worldwide for a fairer, more distributed crypto
35+ Core Team Members Globally
From Pi’s headquarters in Silicon Valley to across the United States, Europe and Asia, the Pi Core Team has global reach
Proprietary & Revolutionary Tech
Pi uses energy-light mining method with crowd-scaled KYC solution to provide access and identity verification for Web3.
Decentralized
Secure, Immutable, non-counterfeitable and interoperable digital money.
Mobile First
Works on your mobile phone and does not drain your battery.
User & Planet-Friendly
Easy to use, secure at scale, without the massive electrical waste.
Conclusion
In conclusion, Pi Network is well aware of the reports regarding unauthorized third-party exchanges attempting to list Pi or tokens claiming to be Pi without the proper consent, authority, or involvement of Pi Network. Such activities pose significant risks to the Pi Network community and the integrity of the project.
Pi Network has consistently emphasized that Pi tokens are not yet tradable on external exchanges and can only be earned within the Pi Network ecosystem. The network is currently in its testing phase, with a focus on establishing a secure and reliable infrastructure before allowing external exchanges to trade Pi.
Pi Network is dedicated to protecting the interests of its community members and ensuring the project’s long-term success. By adhering to official guidelines and patiently awaiting authorized exchanges, Pi Network users can participate in the growth of the network while safeguarding their investments and privacy.
FAQ
Can Pi tokens be traded on external exchanges?
No, Pi tokens cannot be traded on external exchanges at the moment. Pi Network is currently in its testing phase and is focused on establishing a secure and reliable infrastructure before allowing external exchanges to trade Pi tokens. It is important to note that Pi Network has not officially authorized any third-party exchanges for Pi token trading
How can I acquire Pi tokens?
Pi tokens can be earned within the Pi Network ecosystem by participating as a member of the network. The Pi Network app allows users to mine Pi tokens by contributing to the network’s security through the mobile app’s consensus algorithm. As the project progresses, there may be opportunities for additional ways to acquire Pi tokens, but it is important to rely on official communication channels from Pi Network for updates
What should I do if I come across an unauthorized exchange listing Pi or tokens claiming to be Pi?
If you encounter an unauthorized exchange listing Pi or tokens claiming to be Pi, it is strongly advised not to engage with such platforms. Pi Network emphasizes caution and encourages community members to report any instances of unauthorized exchanges to the official Pi Network team. Official communication channels and announcements from Pi Network will provide accurate information regarding authorized exchanges in the future.
How can I protect myself from potential scams or fraudulent activities related to Pi tokens?
To protect yourself from potential scams or fraudulent activities, it is crucial to exercise caution and rely only on official communication channels from Pi Network for accurate information. Be wary of unauthorized exchanges, websites, or platforms claiming to offer Pi tokens. Additionally, avoid sharing your personal information, such as private keys or passwords, with anyone claiming to provide Pi tokens or related services.