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‘PiNetwork’ is a hot topic among domestic cryptocurrency investors.
You can receive the virtual currency ‘PiCoin’ by downloading the ‘Pi Network’ app on your smartphone and clicking once a day. It is in the spotlight because all you need is a smartphone and you can press the button to run the app without any investment money or professional skills. This involves creating a new block and obtaining the virtual currency issued in return.
PiCoin was created to combat the wealth gap concentrated in large American IT companies such as Google, Amazon, Facebook, and Apple, as well as the large remittance fees incurred in financial transactions.
It was developed by PhD graduates from Stanford University in the United States to establish an open PiCoin economy through wealth distribution through mining and low remittance fees. Nicholas Kokkalis and Dr. Chengdiao Fang. Vincent McPhillip was also on the list of co-founders, but has now been removed from the Pi Network community.
There are currently about 15 million subscribers in 175 countries around the world, and it is a new coin that has not yet been listed.
Most virtual currencies, such as Bitcoin, consume a huge amount of power for mining, but PiCoin drains the smartphone battery every time it is accessed. You can mine by simply clicking on the app once every 24 hours, and the mining speed increases even if you invite friends. It is truly an environmentally friendly cryptocurrency.
However, since there are fake PiCoins currently on the market, experts advise that you should refrain from trading them until they are officially listed on the exchange.
In Korea, PiCoin is attracting attention as a ‘coin that can be mined for free until listing.’ When signing up, you must enter an ‘invitation code’, and mining is in fact a pyramid structure. The more members you recruit, the more coins you earn. Accordingly, it is not uncommon to see cases where one’s invitation code has been made public online.
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