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Earn PI - The First Crypto Currency You Can Mine On Your Phone

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PI is a new cryptocurrency being developed by a gaggle of Stanford PhDs. This app is in Beta, thus I'm attempting it out. This is currently offering to mine PI free of cost so definitely there's no risk to undertake. For a limited time, you can join the beta to earn Pi and facilitate grow the network. To join Pi, follow this link https://minepi.com/freeonly and use my username (freeonly) as your invitation code.

What is Pi Network?


Pi is a mobile-first cryptocurrency and smart contracts platform that is secured / owned and operated by everyday people. To achieve this goal, we are giving everyone convenient access to the most proven and compelling cryptocurrency application to date:mining (earning cryptocurrency rewards for helping to secure a distributed ledger). More specifically, we aim to empower more people to help validate transactions and earn cryptocurrency rewards from the convenience of their mobile phones.


Why would I want to mine cryptocurrency?


Cryptocurrencies like Bitcoin are an important evolution in money, with two key advantages over traditional (fiat) currencies.


1. Fiat currencies are subject to obstruction and seizure from governments and corporations. Cryptocurrencies are ruled by transparent and auditable code. Currencies like Bitcoin give you much more control over your money.


2. Cryptocurrencies use distributed ledgers to maintain a record of transactions. All validators that help secure the ledger earn fees from the network. Cryptocurrencies allow a wider community to capture a share of the value created.


Why would I want to mine Pi?


Despite the benefits of cryptocurrency, acquiring cryptocurrency today requires risky upfront investment. Pi allows you to earn free cryptocurrency immediately without any risk. Just tap your phone.


What is the value of Pi?


Pi is building the world’s most inclusive peer-to-peer marketplace. Pi’s value will be backed by the time, attention, goods and services that you will be able to buy from other members of the Pi Network. Today, we are laying the infrastructure for this digital currency and the marketplace by building the Pi Trust Graph (see more on the trust graph in our White paper) and distributing the currency. During this phase of development, Pi’s value is the same as the value of Bitcoin in 2008.


How am I mining on my phone without draining my battery?


Instead of burning energy, Pi secures its ledger when members vouch for each other as trustworthy. This forms a network of interlocking “security circles” that determines who can execute transactions. This novel approach allows crypto mining on your phone by leveraging your existing social connections, with no financial cost, no battery drain and a light footprint on the planet. Read the technical section in our White paper for more accurate and detailed explanation.


What is Pros and cons of PI Network?


Pros

1. There's literally nothing to worry as it's investment free.
2. You'll shut the app and therefore the mining can still continue. You simply have to be compelled to check the app and activate mining once each day or each twenty four hours.

Cons

1. The pi network is new therefore the worth isn't available.
2. The pi value is not yet tradable.


PI cryptocurrency - Earn via mining


How to get the APP?

- simply visit Google Playstore to download the app otherwise you can download via  minepi.com
- Once done downloading the app, you will be able to sign up for an account. It would soon ask for who invited you to the platform, simply put  "freeonly".
- When installation is done. Take a glance at the platform. It's user friendly and really easy to use.

It's invite only for now. So build a group of trusted members to earn maximum PI and secure high mining. Dont forget to apply my invite code (freeonly).



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