Google trend - Pi Coin

Pi Coin - 10 things to know with detail

• Pi Coin is a new cryptocurrency that is being developed by a team of Stanford graduates. It is currently in the testing phase and not yet available on public exchanges.
• Unlike traditional cryptocurrencies like Bitcoin, Pi Coin does not require mining. Instead, users can earn Pi Coins by simply downloading the Pi Network app and logging in daily to confirm their identity.
• The Pi Network uses a novel consensus algorithm called the Stellar Consensus Protocol (SCP) to secure the network and validate transactions. This algorithm allows for low energy consumption and high scalability.
• Pi Coin is designed to be a user-friendly and accessible cryptocurrency for everyday people. The team behind Pi Coin aims to create a digital currency that can be easily used for everyday transactions.
• The total supply of Pi Coins is capped at 100 billion, with a distribution plan that rewards early adopters and active users. The distribution rate decreases as more users join the network, incentivizing early participation.
• Pi Coin is currently in phase 3 of its development, with plans to launch a fully decentralized mainnet in the future. The team is actively working on developing features such as smart contracts and decentralized applications (dApps) for the Pi Network.
• Users can earn Pi Coins by participating in the network through activities such as verifying transactions, referring new users, and contributing to the community. These earned Pi Coins are stored in the user's digital wallet within the Pi Network app.
• The Pi Network app is available for both Android and iOS devices, making it easy for users to earn Pi Coins on the go. The app is designed to be user-friendly and intuitive, with a simple interface for managing Pi Coin transactions.
• Pi Coin has a strong community of users who are actively engaged in promoting and developing the project. The team behind Pi Coin regularly updates the community on new developments and milestones through social media channels and official communications.
• As with any cryptocurrency investment, it is important to do thorough research and exercise caution when participating in the Pi Network. While the project shows promise, there are risks involved in investing in a new and unproven cryptocurrency.