Is Pi Network worth anything?

Pi Coin is one of the world’s most popular and highly anticipated cryptocurrencies. User metrics show that Pi Network support has skyrocketed over the past few months. The company’s official Twitter account has more than 2 million followers, more than those of mainstream cryptocurrencies such as Cardano and Polkadot.

The Pi Network ecosystem is growing

Similarly, the Pi Network app is also popular, with over 50 million downloads for the Android version. Moreover, Pi Browser has over 10 million users worldwide. At the same time, the network ecosystem is growing and more developers are building on top of it. Top apps built on Pi include PiCare, Pi Chain Mall, World of Pi Championship, and more.

The number of Pi Coin users is also growing and now exceeds 35 million. To grow the ecosystem, developers are conducting hackathons, where developers showcase their applications.

First, Pi Network is a platform launched in 2018 that offers tools and features superior to Bitcoin and existing cryptocurrencies. As part of that strategy, developers have made it easy for people to mine coins using their smartphones.

Mining Pi coins using your smartphone works using the Stellar Consensus Protocol (SCP), which uses federated Byzantine agreements. In that ecosystem, Pi miners can be pioneers, contributors, ambassadors and nodes. Miners simply access the app, confirm transactions and receive rewards.

Is Pi Network Worth It?

There are some frequently asked questions about Pi Network and Pi Coin.For example, whether the network is legal or scam And whether there is a future Other users have asked how to convert Pi coins to cash.

For now, the network is still on a closed mainnet, making it difficult to predict the price of Pi Coin. As a result, it is unclear when the coin will launch on major exchanges and at what price it will start trading. Most importantly, it is still unclear if it will be launched on exchanges.In addition, Pi has been around since 2018.

Today it is possible to trade Pi. In December, several exchanges, including Huobi Global, listed PI/USDT, which should reflect the performance of real Pi coins.we wrote about this hereAfter skyrocketing in the first few days, the price of PI/USDT has plummeted by over 80% by real developers. Denied network.

So, for now, I think Pi Coin is a wildcard in the crypto industry and not worth the time it takes to get pushed to exchanges. Despite the growing ecosystem, the Pi Network is worth nothing.