The Pi Network mobile app lets people earn cryptocurrency credits on their smartphones, bringing the future of money into the here and now. The App is easy to use and doesn't require any technical knowledge. A huge benefit for app users are In-App Rewards. Use of the app is incentivized in two ways. First, per hour rewards are increased for word-of-mouth recruiting. And, increased In-App rewards are available for adding a list of 3 to 5 personally-known app users to a "Security Circle."
Currently, the project is in Phase 1 of Development. Use my invite code freqflyer during Phase 1 of the Pi Network App. This is a super simple testing Phase where anyone can earn Pi new crypto for using the app once daily.
While still in beta testing, the Pi Network App will enable everyday people around the globe to buy and sell goods and services on their smartphones using a currency called Pi. The digital currency, also known as a cryptocurrency, is a "decentralized" currency; it is not controlled by any one person, any one agency or any one government.
The app is still being tested, so it is not open to everyone yet. You'll need an invitation. What's great about the app is how easy it is to use.
Participation in transactions is not limited to the tech savvy. Instead of complicated software and daunting, expensive hardware, The Pi Network app doesn't require any technical know-how. And that is exactly what the Founders of The Pi Network Project intended.
This is what the App looks like on my Android phone:
So simple, right?
Adoption is crucial to the success of any currency and Pi is no different. One of the problems with other cryptocurrencies is their complication; the average person like me would have to spend a bit of time learning all about something we really just want to use to buy and sell stuff. Paper currency doesn't require any specialized knowledge; why should using cryptocurrency be any diffferent? And with hundreds of cryptocurrencies available, which one currency should I hold?
It is that easy to use this new Pi Network App to earn Pi cryptocurrency during this Testing Phase - Phase 1.
Officially launched March 14, 2019, we're in Phase 1: "Design, Distribution, Trust Graph Bootstrap." During this Phase, app users are being credited with the as-of-yet unminted Pi cryptocurrency in exchange for downloading the app and using it daily (one tap, on one icon). This is an "In-App reward" for helping the Project move forward. All of the "coins" earned by people like you and me during this first phase will be given to us ("minted") during Phase 3 of the project. It is important to note the details of Phase 1:
"The Pi server is operating as a faucet emulating the behavior of the decentralized system as it will function once its live. During this phase improvements in the user experience and behavior are possible and relatively easy to make compared to the stable phase of the main net. All minting of coins to users will be migrated to the live net once it launches. In other words, the livenet will pre-mint, in its genesis block, all account holder balances generated during Phase 1, and continue operating just like the current system but fully decentralized. Pi is not listed on exchanges during this phase and it is impossible to “buy” Pi with any other currency. "
It is during this test phase, this a beta phase, that the intial "block" of The Blockchain is pre-determined. This genesis block, in cryptocurrency lingo, will be "minted" during Phase 3. And everyone who joins the project during this Phase 1 earns Pi, which will be issued to them in Phase 3. It really is very elegant when you think about it.
If you like what you've learned so far and would like to help the Pi Network project...
The goal remains to tell as many people as you can about Pi, about MinePi.com and about the Pi Network. And tap that Green Lightning Bolt Icon once every 24 hours.
See you on Chat inside the App! - Val (freqflyer).