While I know Pi Coin has been a major controversy in the cryptoverse. I would like to add that it is risk-free. If you are unaware of Pi, here is a little description:
Disclosure: Please take everything on Pi with your best judgment / grain of salt. I personally have done my own research and came to the conclusion that pressing a button every 24 hours is not a problem for me if this ends up being a big scam.
Description:
Quote:As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.
Our Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people.
Our Vision: Build the worlds most inclusive peer-to-peer marketplace, fueled by Pi, the worlds most widely used cryptocurrency
Roadmap / Deployment plan
Phase 1 - Design, Distribution, Trust Graph Bootstrap.
The Pi server is operating as a faucet emulating the behavior of the decentralized system as it will function once its live. During this phase improvements in the user experience and behavior are possible and relatively easy to make compared to the stable phase of the main net. All minting of coins to users will be migrated to the live net once it launches. In other words, the livenet will pre-mint in its genesis block all account holder balances generated during Phase 1, and continue operating just like the current system but fully decentralized. Pi is not listed on exchanges during this phase and it is impossible to ?buy Pi with any other currency.
Phase 2 - Testnet
Before we launch the main net, the Node software will be deployed on a test net. The test net will use the same exact trust graph as the main net but on a testing Pi coin. Pi core team will host several nodes on the test net, but will encourage more Pioneers to start their own nodes on the testnet. In fact, in order for any node to join the main net, they are advised to begin on the testnet. The test net will be run in parallel to the Pi emulator in phase one, and periodically, e.g. daily, the results from both systems will be compared to catch the gaps and misses of the test net, which will allow Pi developers to propose and implement fixes. After a thorough concurrent run of both systems, testnet will reach a state where its results consistently match the emulators. At that time when the community feels its ready, Pi will migrate to the next phase.
Phase 3 - Mainnet
When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored. After this point, the faucet and Pi network emulator of Phase 1 will be shut down and the system will continue on its own forever. Future updates to the protocol will be contributed by the Pi developer community and Pis core team, and will be proposed by the committee. Their implementation and deployment will depend on nodes updating the mining software just like any other blockchains. No central authority will be controlling the currency and it will be fully decentralized. Balances of fake users or duplicate users will be discarded. This is the phase when Pi can be connected to exchanges and be exchanged for other currencies.
More Information:
If you would like to learn more about Pi Coin, you can read about the blockchain here:
https://minepi.com/white-paper#paragraph_1
Another great article:
https://crytonic.com/pi-network-2021-ste...and-guide/
Are you interested? If so, please use my referral and we can earn together!
Referral Link:
I am sending you 1! Pi is a new digital currency developed by Stanford PhDs, with over 33 million members worldwide.
https://minepi.com/opratr and use my username (opratr) as your invitation code.