What is a Pi Network and How Does it Work?

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Cryptocurrency is the new form of money, it doesn’t have any real existence in the world but it works like money/notes/dollars. Today I am going to teach you what is a Pi Network and how does it work.

In this 21st century, most people purchase any goods or products from an online e-Commerce Store. So, That’s why Jeff Bezos has become the richest person in the world.

In this digital era, almost everything becomes digital. Amazon is a digital store, Kindle is a digital library, and cryptocurrency is a digital currency.

Different countries have different-different currencies such as Nepalese rupees in Nepal and US Dollars in America. Just like this, there are so many digital currencies in the digital world.

Cryptocurrencies are a new form of digital money that is maintained and secured by a community, instead of by governments or banks.

According to CoinMarketCap.com, there are almost 1300+ Cryptocurrencies are available in the digital world, Such as Bitcoin, Litecoin, Ethereum, and Pi coin.

From some time, Pi Coin is becoming popular in Nepal and in some other countries, and so many people have so many questions about Pi Coin. So, today in this blog post, I am going to tell you about Pi Network and Pi Coin.

What is a Pi Coin/ Pi Network?

In simple words, Pi Coin is the cryptocurrency that doesn’t exist right now. It is planned to be launched at the end of this year (2020). But no one knows the exact date.

Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone. Pi Network is a smart platform that allows users to earn Pi cryptocurrency from any mobile device.

One important thing you need to know, Pi is not free money. It is a long-term project whose success depends on the collective contributions of its members.

Pi Coin has no value right now (Because it’s not launched yet), and no one knows what it can cost after the launching (or later on). The price of it depends on how popular it will be.

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How to Earn Pi Coin?

First, you need to download Pi Network App on your mobile phone. Then register yourself by using Facebook or Phone number. And then enter an invitation code to join the Network.

Today, you can mine (or earn) Pi by helping to secure the currency and by growing Pi’s trusted network. While most cryptocurrencies (like Bitcoin) have been very hard for normal people to use and access.

To start earning Pi, you need to check in every 24 hours and hit the lightning button to start mining. Once you are mining, you can boost your hourly rate by inviting trusted friends and family to join the community.

After 3 days of mining, you can boost your earnings more by building your security circle, which contributes to the overall security of the network. Keep in mind, earlier members of the network mine at a higher rate than those that come after them.

How to Sell Pi Coin?

I already said to you, Pi coin is a digital currency, which is works just like a physical currency. Do you sell your money? Obviously, No. But you can purchase goods or services by using your money.

Imagine you have a lot of Pi coin. You can purchase any products, services, or any software by using these coins. When you purchase something then your Pi coin will decrease.

When you shop from an online store like Amazon, Daraz, or Flipcart, What payment option did you see there? You may saw “Pay with Paypal” or any other payment options.

Just like this when the Pi Network will grow and it becomes bigger and bigger than so many other applications or companies will integrate the Pi payment option then you can purchase any product or service by using yours by Pi coin.

Conclusion

I hope you understood what is a Pi Network and how does it work and how you can use Pi coin and all of these things. Ok, now let’s briefly recap again what we have learned.

Pi Coin is a digital currency, it’s a cryptocurrency just like Bitcoin and Ethereum. You can use this Pi Coin to purchase any things in the future.

You can use it just like money, which you have in your pocket or in your bank account. It is a next-generation of money and if you have any other questions or any confusion related to Pi Network and Pi Coin you can freely comment below we will reply to you as soon as possible.

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