Do you want to join the Pi revolution and earn with Pi cryptocurrency effortlessly? Then You should keep in mind that Pi is the next big thing in the crypto world and is designed to be accessible to everyone. Earn Pi by simply downloading the app and pressing a button daily. No expensive mining hardware or technical knowledge is required. Get in early and start building your Pi wallet today!
Here’s a step-by-step guide on what is Pi Cryptocurrency and how to earn money with it as a newcomer…
What is Pi Cryptocurrency?
Pi is a relatively new digital currency that allows users to earn Pi coins simply by being a member of the Pi Network. It was created by a group of Stanford University alumni in 2019 to provide an easy-to-use and accessible digital currency that could be mined on mobile devices through the Pi Network app.
One of the most attractive aspects of Pi is its accessibility. Unlike other cryptocurrencies, Pi can be mined on your phone without requiring any expensive hardware or extensive technical knowledge. All you need to do is download the Pi Network app and start mining.
Pi uses a consensus algorithm called “Proof of Stake,” which allows users to earn Pi coins by simply verifying transactions on the network. This process is called “mining,” and it’s done automatically on your phone while the app is running in the background.
Another way to earn Pi is by inviting others to join the network. Every time someone joins using your referral code, you’ll earn a small number of Pi coins.
It’s important to note that Pi is still in its early stages and is not yet available for trading on major exchanges. However, it’s a promising project that has already gained a large following, with over 17 million users worldwide.
As Pi continues to develop, it’s likely that more ways to earn Pi coins will become available. If you’re interested in earning Pi coins, simply download the Pi Network app and start mining today!
Read More: Exploring the Latest Ways to Earn With Cryptocurrency: 5 Best Ways
How to Get Started With Pi Cryptocurrency?
Getting started with Pi cryptocurrency is easy and straightforward. Here are the steps to follow:
Download the Pi Network app: Pi can only be mined on mobile devices, so the first step is to download the Pi Network app from your app store. The app is available for both Android and iOS devices. The app will use a low amount of energy to mine Pi, so you can leave it running in the background.
Create an account: Once you’ve downloaded the app, you’ll need to create an account. You can either use your Facebook account or phone number to sign up.
Verify your account: After creating your account, you’ll need to verify it by entering a code that will be sent to your phone number. This helps to prevent fraud and ensures the security of the network.
Start mining: Once your account is verified, you can start mining Pi by simply clicking the “Lightning” button on the app. Mining is done automatically in the background, so you don’t need to do anything else.
Increase your mining rate: You can increase your mining rate by inviting others to join the network using your referral code. This will also help to grow the Pi community.
Check your earnings: You can check your earnings by going to the “Profile” section of the app. Here, you can see how many Pi coins you’ve earned and your mining rate.
How Much is Pi Worth Now in 2023?
Pi cryptocurrency is relatively new and is still in its development phase. As of February 2023, Pi cryptocurrency today’s live price is US$50.72, with a 24-hour trading volume of $714,576. PI is -0.94% which is recorded in the last 24 hours. Resources says it is currently -12.59% from its 7-day all-time high of $58.03 and 0.84% from its 7-day all-time low of $50.30.
It’s important to note that cryptocurrency prices are highly volatile and can fluctuate significantly over a short period of time. As such, any current estimates of Pi’s potential value are purely speculative and should be approached with caution.
Sources: Crypto.Com
How much is 1 PI in USD?
Today 17 February 2023 Live 1 PI = 0.004855 USD with a 24-hour trading volume of $17,746. PI is -1.11% in the last 24 hours. It is currently recorded -12.87% from its 7-day all-time high of $0.005572, and 12.03% from its 7-day all-time low of $0.004333. Pi cryptocurrency is still in its development stage and is not listed on any major cryptocurrency exchange. PI has a great circulating supply of 986.31 M PI and it also has a maximum supply of 2.1 B PI.
Is Pi cryptocurrency worth anything?
Pi cryptocurrency is a new and innovative digital currency that is based on a unique consensus algorithm, which is designed to be more user-friendly and eco-friendly compared to other cryptocurrencies. While Pi cryptocurrency is still in its early stages, it has been gaining popularity among cryptocurrency enthusiasts, especially newcomers.
At the moment, Pi cryptocurrency is not yet traded on any major cryptocurrency exchange and does not have any real-world value. However, the Pi Network team is working hard to increase the adoption of the cryptocurrency and to create more use cases for it in the future. It is important to note that the value of Pi cryptocurrency will depend on its adoption and the level of trust it can build within the cryptocurrency community.
As with any new cryptocurrency, it is important to approach Pi cryptocurrency with caution and to do your own research before investing any significant amount of money. Nonetheless, as a newcomer to the cryptocurrency world, you can still earn Pi cryptocurrency through various methods, such as mining, inviting friends to join the network, and engaging with the community.
Is Pi Cryptocurrency Legit?
Pi cryptocurrency is a relatively new digital currency that has gained a lot of attention in recent years. It was created in 2019 by a group of Stanford University graduates and is designed to be an easy-to-use, secure, and mobile-friendly cryptocurrency.
We all know that it is a relatively new project, but still, it can be a great place for you to earn money easily with little effort. And also its long-term viability is yet to be determined. However, the project has received a lot of attention and has a growing community of supporters. As with any investment, it’s important to do your own research and understand the risks before putting any money into it.
As with any new cryptocurrency, there are questions about its legitimacy. However, Pi has taken a number of steps to ensure its legitimacy. The currency has a solid whitepaper that outlines its goals and technical details, and it is backed by a strong team of developers and advisors with a proven track record.
Additionally, Pi has implemented a unique approach to mining that is based on mobile phone usage, making it accessible to anyone with a smartphone. This approach has garnered attention from a wide range of users and has helped to increase the legitimacy of the currency.
In summary, Pi Cryptocurrency is an innovative project that allows users to mine digital currency on their smartphones. With its easy-to-use app and referral system, it’s a great way for newcomers to start earning cryptocurrency. While it’s not yet a widely accepted currency, the Pi team has ambitious plans for its future, making it an exciting project to watch.
6 Best Ways to earn money with Pi Cryptocurrency:
Pi Cryptocurrency offers multiple ways to earn more Pi tokens. The project aims to make mining accessible to everyone and offers several ways to earn Pi.
1. Mining:
The primary way to earn Pi is by mining. Mining is an essential process for many cryptocurrencies, and Pi is no exception. Mining is the process of generating new blocks on the blockchain, and it’s crucial for the network to function correctly. In Pi, mining is not done through powerful hardware, like in Bitcoin mining. Instead, it’s done through a simple mobile app that anyone can download and use.
To start mining Pi, you need to download the app and create an account. After that, you can start mining by pressing a button on the app once every 24 hours. The app will then use your phone’s processing power to validate transactions on the blockchain and generate new blocks.
Mining Pi is designed to be energy-efficient and user-friendly, so you can mine Pi on your phone without draining your battery or slowing down your device. As a reward for mining, you’ll receive Pi tokens, which can be exchanged for other cryptocurrencies or fiat currencies.
The amount of Pi you can mine depends on the number of people in your network. Pi uses a unique referral system, where you can invite your friends and family to join Pi, and you’ll earn a portion of their mining rewards. The more people in your network, the more Pi you can earn.
Mining Pi is a simple and easy way to earn cryptocurrency without any technical knowledge or expensive hardware. It’s a fun and rewarding way to be a part of the growing Pi community and earn rewards for helping to secure the network.
2. Referral Program:
Another way to earn Pi is through the referral program.
The referral program in Pi is a system that rewards users for inviting new members to join the Pi network. Each time you refer a new member and they start mining Pi coins, you will earn a percentage of their earnings. The percentage that you earn depends on your level of involvement in the Pi network.
To participate in the referral program, you need to have an active Pi account and be part of the Pi network. Once you are a member, you can invite others to join using your unique referral link. When someone signs up through your referral link, they become your “direct referral”.
As your direct referrals start mining Pi coins, you will earn a percentage of their earnings. The more direct referrals you have, the more Pi coins you can earn. Pi offers you a unique referral code that you can share with others. When someone joins the network using your referral code, you earn a bonus, and they also earn a bonus. The more people you invite, the more Pi you can earn. You can earn up to 25% more Pi for each person you refer.
Additionally, you can earn from the “indirect referrals” of your direct referrals, up to 5 levels deep. This means that the more people you invite to join the Pi network, the more potential you have to earn Pi coins through the referral program.
The percentage of Pi coins you earn from your referrals depends on your “node rank” in the Pi network. The higher your node rank, the higher the percentage you will earn from your referrals. To increase your node rank, you need to contribute to the Pi community by verifying transactions and referring new members.
3. Hosting a Node:
Pi Network, the creator of Pi cryptocurrency, is built on a unique consensus algorithm called Stellar Consensus Protocol (SCP). This algorithm relies on a distributed network of nodes to secure its blockchain and validate transactions. In order to participate in the network and earn Pi, you can run a node by hosting a copy of the blockchain on your device.
By hosting a node, you are rewarded with Pi for contributing to the security and stability of the network. The amount of Pi earned depends on the number of nodes in the network and the user’s contribution to the network’s consensus algorithm.
Hosting a node is a passive way to earn Pi, as the node simply needs to be online and connected to the internet to earn rewards. You can also earn more Pi by referring other users to the network and by engaging in other community activities.
To host a node, you need to download the Pi Network mobile app and follow the instructions to set up a node on your device. The app will walk users through the process and provide information on how to optimize their node for maximum earnings.
Overall, hosting a node is a great way to earn Pi while supporting the network and its mission of creating a decentralized and inclusive global economy.
4. In-app Engagement:
Pi Network is a new cryptocurrency that allows you to earn Pi coins by participating in various activities. One such way is through in-app engagement. In this method, you can earn Pi coins by simply opening the app once a day and performing certain in-app activities such as spinning the Pi Wheel or playing a game.
The more you engage with the Pi Network app, the more Pi coins you can earn through the in-app engagement system. This is because the Pi Network algorithm rewards users who are actively engaging with the app and contributing to the growth of the network.
In addition to earning Pi coins, in-app engagement also helps you build a stronger network of trusted contacts in the Pi community. By inviting your friends to join the network and engaging with them within the app, you can earn even more Pi coins through the referral program.
Overall, in-app engagement is a simple and easy way to earn Pi coins on a daily basis. By staying active on the app and participating in the various in-app activities, you can accumulate more Pi coins and be a part of the growing Pi Network community.
5. Trading:
Pi Cryptocurrency is a digital currency that can be traded on some exchanges, allowing users to buy and sell it for other cryptocurrencies or traditional currencies. Trading Pi can be a profitable way to earn more of this digital asset. To start trading Pi, you’ll need to find a cryptocurrency exchange that supports Pi trading.
Once you have set up an account with the exchange, you can begin buying and selling Pi based on market conditions and your own investment strategy. Just like with any other trading, it is important to do your research, keep up with market trends, and invest only what you can afford to lose.
Remember, the value of cryptocurrencies can be highly volatile, so be cautious and stay informed to make informed trading decisions. By trading Pi, you can potentially earn profits and grow your portfolio.
6. Participating in Contests:
Participating in contests is another way to earn Pi cryptocurrency. Pi runs different types of contests from time to time that offers rewards to the winners. These contests can range from creative challenges to solving technical puzzles. The reward amount and the number of winners vary depending on the contest. To participate in a contest, you need to follow the rules and guidelines provided by the Pi team. The more contests you participate in, the higher your chances of earning more Pi. Keep an eye on the Pi Network app for upcoming contests and their details. Join the Pi community to stay updated and increase your chances of winning.
Contributing to the Pi Community – Finally, Pi Network rewards users who contribute to the community. This includes participating in the Pi Network chat, providing feedback, and helping to translate the app into different languages.
Pi Cryptocurrency offers several ways to earn Pi, including mining, referral programs, hosting a node, participating in contests, and contributing to the community. With its user-friendly app and growing community, Pi is a great way for newcomers to start earning cryptocurrency. While it’s still a relatively new project, the Pi team has ambitious plans for its future, making it an exciting project to watch.
