Pi Network was created with the claim of enabling users to mine Pi Coins with just their mobile phones without using special hardware.
Pi Coin Silent on Pi Day
Pi Coin, created by Stanford University graduates, is described as a digital currency that can be mined on a mobile device without special hardware or excessive energy consumption. Furthermore, the project’s team envisions that users will be able to use Pi Coin for everyday payment transactions without intermediaries or any fees.
On March 14, Pi Day, celebrated by some scientists and the community around the world unusually, the official Twitter account of the Pi Network was silent. Moreover, Pi’s head of technology, Nicolas Kokkalis, went numb on Twitter in 2021.
Pi Coin Trading
While the Pi Network project sounds great, there are some confusing aspects to the project. One of these confusing aspects is that although Pi Network is still in beta testing, its price and trading volumes are published on major cryptocurrency platforms, including CoinMarketCap, Binance, and Coinbase.
Although Pi Coin has not yet been launched as a currency, it is actively listed on several exchanges, including Huobi and Hotcoin exchanges.
According to CoinMarketCap data, as of March 14, 2023, Pi Coin was trading at $44.05 with a trading volume of $730,311. Interestingly, the coin also reached a peak price of $330 on December 30, which was not confirmed by the project’s team.
Is Pi Network Scam?
The Pi Network project currently has more than 30 million active miners and beta users ready to upgrade when its open mainnet is launched. However, despite years of existence, there is still no sign of the mainnet, and it is still debated whether Pi Network will have any real value.
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