PI Network, a scam or bitcoin successor? Will it be the next big thing in cryptocurrency?

PI Network
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There is a lot of buzz about PI network that is claiming to be the next big thing in cryptocurrency. Pi Network is a FREE mining software that can be installed on your mobile phone.

This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn.

It is created by a group of Ph.D. students at Stanford University with the hope of making it one of the most popular cryptocurrencies in the world. The Pi Network uses an app on your mobile to mine. It does not require much battery power or even data. All you need is to click the mine button once daily using a regular internet connection.

Here we have tried to give our honest opinion to our readers about PI Network and its future.

Zero value to PI users

At the moment the users of PI have no benefit. They are just using the app to mine hoping that one day PI will be a success story and they will get a good share of value. Meanwhile, the users are putting their effort, energy, and time into PI network, the picture is still not clear about the claims made about its future.

Are you optimistic about its future? Let us know in the comments.

Marketing the PI network

The app provides an invitation link for inviting your friends to PI. It is a sort of affiliate marketing whereas many users you invite and join through your referral code the more PI value you can mine per hour.

Most of the users feel there is no harm in asking others to join as there might be some advantage in the future. They are inviting others and posting their referral codes on different social media platforms.

At least we can appreciate the strategy of PI team as they have succeeded in making people excited about their claims. They have increased the number of users with the help of existing users.

Revenue with the Ad’s

The users may or may not get the value in the future but PI has started getting revenue from Ad’s marketing on their app. They have asked users to “Help cover the server and maintenance costs associated with your account by having ads”. However, users can enable or disable this feature from the user profile.

Chat feature

There is a chat feature in the PI app. Users can chat with others in different groups like General and Pioneers and create a separate chat group for their “Earning team” (People joined using your referral code).

A lot of users are looking optimistic about the future of PI success as a cryptocurrency in the future and sharing their thoughts in the chat. There is no extra advantage other than sharing your thoughts in the chat.

PI Network Details

Project namePI network
Stock SymbolPI
Network typeBlockchain
Launch date14 March 2019
Official Websitehttps://minepi.com/ 

PI Network popularity

PI has gained popularity in the last year or so. The number of Pioneers has exceeded 15m by March 2021.

How to become part of PI network?

You can download the app from the official website. Just signup using a referral code and also the app can be linked to a Facebook account for security and recovery. You just need an invitation from an existing trusted member of the PI network.

Final Verdict

PI Network is free and offers a lightweight mobile app to mine without draining your battery. It does not affect your routine as you can just switch to the app and mine by clicking a button but at the same time, it is hard to believe that it is that much easy to make money.

There are big claims about the future but success is always linked with hard work. We doubt that the amount of increasing users on PI, doing no real hard work, can all get real benefit out of it. It will take time to compete with bitcoin even if it goes the same way as predicted by the core team.

We wish good luck to the team of PI and at the same time urge the users to be careful about phishing emails and links asking your sensitive information using the name of PI.

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