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In essence, Pi Network is a project started by Stanford graduates in 2019, aiming to achieve mobile Mining through smartphones, allowing ordinary people to participate in Blockchain technology.
I used the Pi app before, just need to open the app once every 24 hours to start Mining.(
If I remember correctly, it took me about 1 hour to mine 1 Pi coin when I was using it, but I waited and waited, and still did not receive any news of trading online. I began to feel that this project may be fraudulent, so I stopped using it.
But not a scam 😂 News listed on many exchanges, looks like patience is needed.
I missed out on this opportunity, but my friends who used it have made decent profits.
The maximum supply of PI Network is 10 billion PI coins.
80% of the supply will be used for community distribution, and this 80% of )80 PI( will be distributed as follows;
6.5 billion PIMining rewards,
10 billion PI community organization and ecosystem construction,
5 billion PI has been used for liquidity pool.
The remaining 20% is reserved for the core team)20 billion PI#PI Coin Analysis
The current circulating supply of PI coins is 6790000000, which is 6.79% of the maximum supply.
As I mentioned before, I think the price of PI coin is higher than it should be. I believe it is attracting attention because it has just been listed, and due to the news of the new listing, the price is staying at a high level.
I don't do any PI coin trading, do you?
What are your thoughts on the PI price, you can indicate your trading strategy in the comments.