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What do we know about its price?

Ponzi Scheme

What do we know about its price?

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The Pi Network crypto, launched in 2021, has been drawing people’s attention over its prospective price. The Network has been riddled by various uncertainties and speculations since its launch.

What is Pi (PI) Network crypto?

The Pi Network, founded by Stanford graduates Nicolas Kokkalis and Chengdiao Fan, is novel virtual developer platform that allows people to mine PI coins through their smartphones.

The project claims to be environment-friendly, which may help attract more climate-conscious investors to its fold. It could be especially beneficial because the crypto market has often been criticized for its massive electricity consumption that can harm the environment.

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PI coins can be mined even after draining the smartphone batteries, reducing the environmental impact. The project claims to have more than 33 million Engaged Pioneers. Over the years, its ecosystem has added features like Brainstorm App, Pi Browser, Pi Wallet, Pi SDK, etc.

The project aims to empower the masses through economic benefits. The blockchain provides security solutions for mobile transactions besides a complete Web3 experience. It allows community developers to create decentralized applications (DApps) for its millions of users.

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The PI Network uses an adaptation of the Stellar Consensus Protocol to validate transactions. The protocol…

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