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All You Need To Know About Pi-network - Investment - Nairaland

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If You Are Mining Pi Network Then Stop Wasting Your Time / Sell Your Pi Network Coin / What You Should Know About PI Network (2) (3) (4)

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All You Need To Know About Pi-network by aragon4realz(m): 3:42pm On Aug 26, 2021
This network has over 23million active user as at the time of writing this.

• What is Pi?
✅ Pi is a new cryptocurrency that you can earn from your mobile phone.
• How does this app work?
✅ Hit the⚡button every 24 hrs to start earning.
• How do I earn more Pi?
✅ You can boost your earning by inviting people using your invitation code.
After 3 days (3 mining sessions of 24 hrs) you can boost your earning more by creating a security circle.
• What are security circles?
✅ Security circles are groups of 3-5 trusted people built by each of Pi’s members. Security circles secure the currency by building a global trust graph that prevents bad actors from executing fraudulent transactions. So only add people you know and trust into your security circle.
• What is the value of Pi?
✅ As of now, pi holds no value as the project is still in development. Its zero
• How can I withdraw Pi?
✅ You cannot withdraw pi now.
• When can I withdraw?
✅ You will be able to withdraw Pi or exchange Pi for other currencies in Phase 3 of the project when Pi transitions to a fully decentralized blockchain by December 2021
If you want to register check my signature

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Re: All You Need To Know About Pi-network by aragon4realz(m): 4:01pm On Sep 02, 2021
Less than 140 days to launch date,what are you still waiting for

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Re: All You Need To Know About Pi-network by aragon4realz(m): 5:14am On Sep 03, 2021
If you have not joined the pi network by now you are missing out big time!!!
Check out some of the on going app development on the network , use the link in my signature to sign up

Re: All You Need To Know About Pi-network by aragon4realz(m): 12:25pm On Sep 03, 2021

In other words, mainnet is Phase Three (3). This is when your pi will become money. At this point, you can buy goods and services with your Pi, sell and trade your pi. At this point, Pi network will be decentralized meaning that you have all rights to your money and no central authority, not even the founders can tell you what to do with your Pi money.
At this point, you must have passed your KYC. All accounts that failed to KYC will cease to exist.

Mainnet is scheduled to start by end of the year 2021 as promised by the Core Team on several occasions.

2. NAME:
The name on your Pi account must not be different from the name on your government issued document. If the name is slightly different, you may have a chance but if it is totally different, it's not good.

b. As a new user joining the app, you have only 14 days to make sure your name is in order.
First Name: Your Name
Last Name: Your surname
Middle Name: Other name that appears on your document.
Maiden Name: For married women and only if it appears on your document.

you need to open the app everyday which is 24 hours after your previous session to gather more.

You need minimum of 3 of more trusted people in your security circle. Add them as existing if you referred them or they referred you OR add from contact if you have contacts or pioneers you trust. In future, passphrase may be retrieved by the members of your security team.

Make sure your password is never forgotten because the password recovery system is bad. Works sometimes but you may not be lucky.
b. For additional backup, verify your facebook. If you misplace your password, you can log back in with your facebook. That is if your facebook is verified.

It is a must to own a pi wallet. Pi wallet is where you will store all your mined/minted pi when we go to the mainnet. Without a Pi wallet, when the pi app MAY cease to exist, you won't be able to get access to your pi.

b. You need a Pi browser to create a PI wallet.

7. WALLET SECURITY: before opening a wallet, make sure you are holding a pen and book to copy out your 24 English words called "seed of phrase or passphrase". If you lose this passphrase or it falls into the wrong hands during mainnet, you will lose all your pi. So keep it secret like you would to your bank details.

8. KYC:
Only 200,000 pioneers have got the chance to be KYCed out of over 23M+ people all over the world. The method currently used to KYC people was done with a third party app which demanded unusual documents that many countries and pioneers couldn't obtain. So the Pi core team and project developers are developing a better and simpler way to KYC pioneers. They have promised that no real pioneer would be left behind. If you have not been KYCED, start equipping yourself because it'll come sooner or later but it must come.

KYC documents are those documents issued by the government of a country to it citizens. These documents Identify the holders as citizens of a specific country. These documents vary across countries. The popular ones are;
1. International Passport
2. Driver's Licence
3. International ID Cards.
In some countries like Nigeria, most of these documents are for the upper classes and hardly obtainable. Everyday people in Nigeria are KYCed by other simpler methods like Voters' Card and a NIN Slip.
Since Pi Network is not only for the rich, they might consider other simpler methods of identification other countries identify commoners. As for Nigerians, get a NIN today and download NIMC app from Playstore, print it in a plastic. You are good to go.

it is important to KYC pioneers to prevent people owning multiple accounts which would deter the future value of Pi Network as people won't value it. There's going to be multiple dumping as many users will be transferring from their fake accounts to their real accounts dumping the other accounts. Pi Core Team won't be able to get the accurate statistics of existing, active users as many would be fake. There won't be need to refer people because you can clone your account as many times as you want and mine pi from 1 mobile device. Hence, there's a compulsory KYC to filter bad actors.

In pi network, there's hierarchy of mining. This depends on your contribution to the Pi Ecosystem. You can contribute by building your security circle and referring people. There's a maximum amount you will get for building your trust circle and it is the same for everyone but in referring people, it is unlimited. The more active people you refer, the more you earn. If your referrers are not active, you will remain stagnant. So refer people you know and can contact.

while your referrers and your referree are contributing to your earning power, it is good to note that if they don't KYC or lose their accounts at the end, all the pi they contributed to you would be deducted from your account. So refer friends and family that you can remind to mine and follow up for KYC and not from random groups.

10. AGE:
According to Dr. Nicolas Kokkalis, he said no age limit as long as they can mine themselves. But from another Core Team, she said 13 years.
I think a 13 years old can mine for him/herself.


Everybody must have only 1 account.

b. Don't mine more than 1 Pi from your phone. Don't clone your Pi Network app to do so.
If you have broken this rule stop it immediately. If you have multiple accounts, login to the one of lesser importance and use the pi delete button.
You will lose all pi accounts if you don't report fake ones
c. Don't mine for somebody

Don't sell or buy Pi before mainnet.
Re: All You Need To Know About Pi-network by hakym619(m): 5:20pm On Sep 19, 2021
It's sad that we'd loose π if those that are in our earning team looses their account

1 Like

Re: All You Need To Know About Pi-network by aragon4realz(m): 7:19pm On Sep 19, 2021
It's sad that we'd loose π if those that are in our earning team looses their account
It's not, because a lot of people use clone apps to creat multiple account to mine pi and boost their mining rate
Re: All You Need To Know About Pi-network by IyareOseiwe: 8:34pm On Oct 23, 2021
Mine is JUDRY
Re: All You Need To Know About Pi-network by IyareOseiwe: 8:35pm On Oct 23, 2021
How can you increase mine rate
Re: All You Need To Know About Pi-network by aragon4realz(m): 6:07am On Oct 26, 2021
How can you increase mine rate
invite people using your invite code
Re: All You Need To Know About Pi-network by hakym619(m): 9:39am On Nov 30, 2021
Help me with referrals
Re: All You Need To Know About Pi-network by Chukatabra: 12:55am On Nov 20, 2023
Pi Network is a mobile-first crypto project. This mobile mining blockchain has an app that allows people to gain by executing simple tasks on their smartphones.

I didn't realize how powerful and beneficial it was until i came across this article. Still shocked honestly
- https://blog.bitmama.io/what-is-pi-network/

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