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Mining crypto is hard. Investing in crypto is risky. Too many of us are left out of the cryptocurrency revolution.
Pi makes crypto mining easy breakthrough tech allows you to mine on your phone without draining your battery.
Will Pi be worth more than bitcoin?
Pi Network‘s Value
The future success of Pi depends on how centralized the project becomes once it goes mainnet. If the Pi core team still controls the asset and a sizable amount of the tokens then I fear for its future. Will the Pi core team be around in 20 years? Who knows… However, if in 20 years the Pi coin is functioning without the core team behind it then it will be doing well.
Pi’s utility depends on the engagement of its community and the community marketplaces that arise within the ecosystem. Pi essentially cuts fiat from the equation. You work for Pi, get paid in Pi, buy things for Pi. This is a big game changer and is ultimately where the world is headed.
Without knowing the data for total mined Pi and the total number of users, it’s impossible to determine a current value at this stage. Once we have these values we could speculate and make projections for the future.
As the time has progressed, the form of money has changed quite a bit. After a lot of evolution we got paper money, which is now turning into digital. Digital currencies focus on decentralizing the currency to make the privacy-oriented transactions. A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a digital ledger or computerized database using strong cryptography. So is the Pi Network, might be the next big thing in the future ?
Status of the Pi Coin in 2020
There’s a 3-step deployment plan/road map prepared by the developers:
Phase 1: Pi launch this phase in Pi Day in 2019 i.e 3/14/2019, where the legitimacy of the mining accounts were recorded along with the mining being recorded for guaranteed transaction in Mainnet (Phase3)
Phase 2: Testnet is where Pi is in 2020. Since March 2020, Pi’s Testnetphase started running along with the Beta phase, officially deploying the Node software on March 31st.
Phase 3: Mainnet whose launch is still uncertain,most likely to be launched in Pi Day in 2021 will get its real value in Phase 3. Transfer of the coin and conversion into real value and goods will take place only in Phase 3.
So, whatever we mine today in our smartphone are likely to get value in the 3rd phase. Pi Network is building a peer-to-peer marketplace where members will be able to directly spend Pi to buy goods and services.
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