“Developed by Stanford PHDs, Pi is the first and only digital currency that you can mine on your phone by leveraging your existing social connections.”
The company has created their very own digital currency but there is no mention of who owns or runs anything.
So who those Stanford PHDs are is currently just hype without any proof.
What I can tell you is that the site is ran strictly through its affiliate program, in which affiliates are compensated for getting others to join.
However, being that this is some kind of wallet and mining platform, I do see some potential with this one.
PI Network The Product/Service
There is no product but the company does offer a service.
By downloading the Pi Network app, you can mine crypto currency on your phone, without draining its battery.
That’s what it claims to be/do but it looks nothing more than a recruiting based program that relies completely on its members.
The company is in its early stages, so there is no telling where this is headed and if it is worth investing in.
Just know that this is more of a wallet that you can use to transfer and make purchases online using digital currency.
How it Works
Pi Network has absolutely no value and is trying to pull off what Bitcoin did back in 2008.
Get some hype going, get millions of people to join, all in hopes that the value of Pi will grow to a point that everyone is making money.
Being that it is completely free to join, the money made and value of Pi is all dependent on the volume of members that come into the company and what is spent.
By spending and sharing, using the Pi Network app, the value should increase over time as long as newer members continue to join.
Many companies have made an attempt at this but all we got were Alt coins that are definitely not doing as good as they used to.
Will it Work?
There is no telling where this whole idea is headed but of course we always hope that it does great.
I am no psychic but I do see this doing about the same type of numbers that every other Crypto Currency project has done.
It will go up to a certain point but eventually go down once the hype is gone.
Being that it is completely free to join, I don’t see the harm in signing up and seeing where everything goes.
You will see a lot of promotion on this, so get in and share the app before everyone else does.
The good news is that I have not seen any recent wallet type crypto currency programs and I know all the failed crypto marketers are looking for something to join.
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