Update:
Pi Coin is being black market traded right now and the value today is between $35 and $37.
If you signed up to mine and have not completed your KYC stuff, please login and do it.
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KYC stuff?
know your customer
The Pi Network has garnered significant attention since its inception, with a growing user base and the promise of decentralized cryptocurrency accessible through mobile devices. Here’s an up-to-date overview and evaluation of the Pi Coin, covering its key aspects:
1. Project Viability (Score: 7.5/10)
The Pi Network aims to create a decentralized cryptocurrency ecosystem that allows users to mine Pi coins on their smartphones without draining resources like battery or data. The network is still in its Enclosed Mainnet phase, with plans to transition to an Open Mainnet in 2024. This transition is contingent on achieving several milestones, including a large number of KYC (Know Your Customer) completions and the establishment of a robust ecosystem of decentralized apps (dApps). The project’s ambition is commendable, but the delayed launch and dependency on community-driven milestones present risks【6†source】【7†source】.
2. Utility and Adoption (Score: 6.5/10)
While Pi has a significant user base, currently estimated at over 47 million users, its utility remains limited as the coin is not yet widely accepted for transactions outside the Pi ecosystem. The Open Mainnet launch could improve this, but for now, the coin’s use cases are primarily speculative, and many users might opt to sell their coins once they become tradable, potentially leading to price volatility【6†source】【10†source】.
3. Price Potential (Score: 7/10)
Price predictions for Pi vary widely. Some analysts expect the coin’s value to range between $18 and $58 by the end of 2024, with potential highs reaching up to $323 by 2025 if the network gains significant traction. However, the coin’s value is heavily speculative, and its price could be influenced by factors such as user adoption, market conditions, and the success of the Open Mainnet launch【7†source】【8†source】【9†source】.
4. Community and Ecosystem Development (Score: 8/10)
The Pi community is one of the largest and most active in the cryptocurrency space, which is a positive indicator for its potential growth. The network’s success largely hinges on this community’s ability to drive adoption and utility within the ecosystem. Developers are also encouraged to build on the Pi Network, which could lead to an increase in dApps and, consequently, the coin’s utility【7†source】.
5. Risk and Controversies (Score: 5.5/10)
There are concerns about the centralized control of the project and the network’s reliance on user recruitment, which some critics liken to a multi-level marketing scheme. Additionally, the delays in launching the Open Mainnet and the uncertainty surrounding the coin’s value once it becomes tradable contribute to the risks. Investors should approach Pi with caution, as its long-term success is far from guaranteed【8†source】【10†source】.
Overall Score: 6.9/10
Pi Coin is a highly ambitious project with the potential to make cryptocurrency mining more accessible to the masses. However, its success is far from assured, with many uncertainties and risks still in play. The project has a dedicated community and significant growth potential, but the lack of current utility, potential price volatility, and ongoing delays are critical factors that hold it back from reaching its full potential at this stage.
That’s honestly a lot better than I thought it would give
I forgot about this. Used to mine a while back but haven’t recently.
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I e got about 13000 or so, but only about 2000 are verified. Verified is all that matters. If your team doesn’t KYC, you lose all of their contributions.
Can I add anyone here to improve my security circle so I can mine more pi? Would appreciate jt
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How do I invite people who aren’t in my contacts if I have their pi username?
Oh man, I thought it was there at the bottom of the screen but it tricked me… I’m not sure now
It looks like they have to be apart of your referral team.
If I recall correctly, you post your link or share it with them and they have to go sign up. I don’t think they can just be added.
Heres one.
Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link Pi Blockchain, Community & Developer Platform | Pi Network and use my username (TexasAggie97) as your invitation code.
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We should just have a mass OG referral team so we can all benefit.
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I totally forgot about this, I have 105 coins mined and the only person in my network is gutty. What all do I need to do for this?
Ive done my KYC and everything. I sometimes forget to mine PI when can I sell it?
Go to the Pi Coin App. Complete their KYC process. I believe that if you do not do so, you can’t ever sell or cash out. I may be incorrect on that.
Depends. It’s selling on speculation on some exchanges now. In the app you can agree to lockup a portion of your coins in exchange for higher mining rates.
I locked a bunch of mine up a long time ago.
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