Pi Network PI is the newest digital
coin to grab the attention of the cryptocurrency community, even before it has fully launched. Some users view it as a way to get involved in a cryptocurrency from the ground up and profit in the future, in the same way that early Bitcoin adopters have racked up massive gains from mining and holding the coin. However, others have likened Pi to a multi-level marketing scam that holds no value.
But what is Pi Network and how does it work? Have you heard of the Pi cryptocurrency and are you looking to find out more about it as a potential investment?
Pi Coin is the cryptocurrency that runs on the Pi network, and as with other cryptos such as Bitcoin, PI was designed to undergo regular “halving” to protect its scarcity. Halving is when the number of coins that a miner receives for processing new transactions are reduced by half when a certain milestone is reached.
Pi’s mining rate halved from 1.6 π per hour when it reached 100,000 users, halved again to 0.4 π per hour when it reached 1 million and again to 0.2 π when it reached 10 million. It will continue to halve, reaching zero at 1 billion users.
As a result, Pi Coin is not yet available to trade on any of the cryptocurrency exchanges or trading platforms.
Once Phase 3 launches, holders will be able to take full control of their private and public wallet keys and use the coin to buy products and services on Pi’s peer-to-peer marketplace or exchange it for fiat currency. Without the keys, users cannot transfer or spend the currency they hold.
Pi Network: Pi Coin price prediction for 2021-2025
As with other digital coins at launch, the Pi cryptocurrency value is likely to start at a relatively low level against the US dollar and rise as its usage grows. What do some of the price forecasts suggest?
At the time of writing, on March 18, Digitalcoinprice.com’s Pi Network price prediction 2021-2025 projected that the coin’s price would rise from an average of 0.0107 against the US dollar in 2021 to $0.0127 in 2022, and $0.0212 by 2025. Over the longer term, it predicted the PI price to average $0.0319 by 2028
Do you have any questions about the Pi Wallet? they're recently launched the Pi Wallet in the new Pi Browser mobile app and the desktop Node software. Join the topic above and post your questions about the Pi Wallet or thumb up others’ questions. We’ll select some of the questions to answer later. Create your wallet through Pi Browser above
