"Within only five seconds in a day on your smartphone and no investment needed for that, you have a chance to receive a huge amount of money," I saw a post in the Pi Networks Facebook group which has nearly 150,000 members in that group, most of them from Vietnam.
https://minepi.com/Janibhatti01 and use my username (Janibhatti01) as your invitation code.
The Pi Network team, which describes itself on its website that was "the first and only digital currency you can mine on your smartphone," has become a popular topic of discussion on social media since the end of 2020.in mane time Many users have invited others to download the app and mine the Pi coin with just few taps in 24 hour.
As of March 2, Pi Network team, said to be developed by two Stanford University Phd holders Dr.Nicolas Kokkalis and Dr.Chengdiao Fan, was the 22nd most downloaded app on iOS in Vietnam. The Pi Network’s Facebook fanpage few days ago claimed it had reached more than 13 million Pi app users worldwide.
A Facebook user in Ho Chi Duc Danh Minh City said that "We no longer have a chance to mine own Bitcoin, so let’s switch to mining Pi Network. You lose nothing. If After a few years, the project succeeds, So each Pi could be worth dozens May be hundreds of U.S. dollars,"
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A new user receives one Pi free and starts with a mining speed of 0.1 Pi per hour, it will increase with more accepted referrals, "I have invited seven friends to mine with me. Now I have more than 250 Pi, with a mining speed of 0.29 Pi per hour.
But, we except for the hope that Pi Network can become as valuable as Bitcoin in the future, We don't know the value of Pi in Pakistan Right now, Social media users give different Ideas about the Pi's value in Future, with some saying it is now worth $10-100 each.
There is currently no official trading market for Pi in worldwide and no official currency exchange rate with the Vietnamese dong. Cryptocurrency remains an illegal means of transaction in Some Of countrys including Pakistan.
Pic Source : Unsplash.com |
Pakistani Crypto expert Waqar zaka have doubts about the potential of the new cryptocurrency and suspect that Pi is a scam.
a blockchain expert at the Posts and Telecommunications Institute of Technology in Hanoi, said that the Pi Network Have lacks the transparency of a typical blockchain project.
he asked "The Pi Network has a smartphone app and servers to keep them running, so why they don’t release its source code for the community to review it?" .
he said A typical cryptocurrency owners usually has a private key to access there funds, but Pi users do not have any key, which means it is unlikely that they will be able to transfer or spend the currency.
he added That it means that Pi currency only exists on servers and administrators can create as many Pi's as they want.
Pic Source : Unsplash.com |
They Think!
"At that point, the currency will have no value."
what You Are Thinking?
Echoing him, financial expert Lam Minh Chanh, said that Pi developers release few details about the currency and users seem to be expecting too much from it.
"Miners are unlikely to be rich. There is no free lunch."
Although mining Pi is a free Mining App, Tuan said that the visible loss of users is giving up their personal information, including full name, phone number and Facebook username. There are potential threats that the Pi Network app could steal even more information from our devices.
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