What Is The Pi Network?
The Pi Network is a cryptocurrency that uses Proof of Work without the need to burn massive amounts of electricity. You can mine on your phone without using up battery power. It is decentralized, mobile-based and eco-friendly. While the aforementioned cryptocurrency is launched only a few months ago, the creators of Pi Network claim that it dominates bitcoin in environmental aspects.
The Pi Network Has Three Phases.
Phase 1- Design, Distribution, Trust Graph Bootstrap.
During this phase, the team will distribute tokens on a centralized Pi server. The team will be testing and improving aspects of the Pi Network and app. The Pi coin will not be listed on any exchanges during this period
Phase 2- Testnet.
During this phase, the team will begin deploying Pi Network nodes as well as allow users to run their own nodes on the Testnet. This will be used to test the Nodes against the phase 1 emulator.
Phase 3- Mainnet.
It is time for Primetime! The emulator will be shut down and the network will be allowed to operate on its own. Similar to other cryptocurrency projects Pi Network will be open to developers to join the community and improve the network alongside the original team. During this phase, the Pi Network coin will be listed on exchanges.
Use My Referral Link to Sign Up for Pi Network: StelPi
If You Want To Dive Into The Token Economics. Go For It!
Pi’s economic model design requirements:
- Simple: Build an intuitive and transparent model
- Fair distribution: Give a critical mass of the world’s population access to Pi
- Scarcity: Create a sense of scarcity to sustain Pi’s price over time
- Meritocratic earning: Reward contributions to build and sustain the network