Is Pi Network worth anything?

The Pi coin is one of the most popular and highly anticipated cryptocurrencies in the world. User metrics show that support for the Pi Network has soared in recent months. Its official Twitter account has over 2 million followers, which is bigger than mainstream cryptocurrencies like Cardano and Polkadot.

The Pi Network ecosystem is growing

Likewise, the Pi Network app is also very popular, with the Android version having over 50 million downloads. Furthermore, Pi Browser has more than 10 million users globally. At the same time, the network’s ecosystem is growing, with the number of developers building the ecosystem increasing. Some of the top apps built on the Pi are PiCare, Pi Chain Mall, and World of Pi Championship.

The number of Pi coin users has also grown and currently stands at over 35 million. In an effort to grow the ecosystem, developers are holding a hackathon that will showcase their app developers.

For starters, the Pi Network is a platform launched in 2018 to offer better tools and features than existing Bitcoins and cryptocurrencies. As part of their strategy, the developers made it easy for people to mine coins using their smartphones.

Mining Pi coins using a smartphone works using the Stellar Consensus Protocol (SCP), which uses a Federated Byzantine Agreement, which helps ensure no energy wastage and faster transaction speeds. Within its ecosystem, Pi miners can be pioneers, contributors, ambassadors, and nodes. Miners simply visit the app, confirm the transaction, then receive the reward,

Is the Pi Network worth it?

There are some frequently asked questions about the Pi Network and Pi Coin. For example, there is a question about whether the network is legit or a trick and whether it has a future. Other users have questions about how to convert their Pi coins into cash.

For now, it is difficult to predict the price of Pi Coin because the network is still on a closed mainnet. As a result, it is unclear when the coin will be launched on major exchanges and prices will start trading. Most importantly, it is still unclear whether it will launch on the exchange. Also, the Pi has been around since 2018.

It is possible to trade Pi today. In December, several exchanges, including Huobi Global listed PI/USDT which supposedly reflects the performance of the original Pi coin. We wrote about this Here. After surging the first few days, the PI/USDT price has plunged more than 80% after the real developer rejected network.

Therefore, for now, Pi Coin is the wildcard in the crypto industry, and I don’t believe it is worth your time until it is pushed onto an exchange. The Pi network is worth nothing even though its ecosystem is thriving.