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Neither! It’s a project in a testnet state that’s using common terms to hook people in. So in order to answer the question “is pi network legit?”, we first need to understand how it works.

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What fascinated him about digital currency the most was its potential to help people find previously unattainable levels of wealth and prosperity. His official title at the Pi Network is “social movement builder,” as the majority of his duties involve managing Pi’s ability to empower everyday citizens with a tool to redistribute wealth and create a more financially literate populace. .

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Additionally, Pi members can mine new tokens directly from their smartphones, a relatively low-cost process that requires minimal battery power, according to McPhillip. After three mining sessions, members can start building their own security circles, which are typically comprised of roughly three to five members that the miner trusts not to execute fraudulent transactions.
Honestly, I pray that Pi is legit. I just can’t imagine with would be my fate it it turns out to be a scam. God please help me. I believe in sincerity in all I do. Once again thank you for your article and God bless you with more insight.

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Shiba coin is similar to other cryptocurrencies as a decentralized and blockchain based cryptocurrency, however, it aims to differentiate itself in the following ways:
Values can be volatile though and regulators have warned that investors could lose all their money.

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    To quote you.. “However, if you already have the app, you can wait to see if the founders actually build something of significant value.” That single statement says to me everything about your biased viewpoint. It further confirms that your understanding of the pi network, its goals and how it will create value is incorrect. You did not take the time to fully research Pi and its core team. I am an early miner. I have been mining pi since launch. I don’t blame you for your incorrect perception. It is merely a product of the times. Please take the time to read this and not just skim to wrong assume. For clarity we are NOT a community of 27 million “APP USERS”.. We are a community of miners 27 million strong. We, the community debated and voted to allow the now in chat advertising so that it can subsidize development costs. We are not waiting for the Founder to “actually build something of value” because he won’t and we know this. This project is not about what the Founder will build for us to create value. Here are some basic key points of the Pi Network that may provide you with better clarity. 1.) The mining rate of Pi has been halved several times since the beginning as the community reached size milestones. There are currently 28 million active pioneers mining pi through the app. when we reach 100 million, the rate will drop to zero and that point forward, no more pi will be mined. There is your scarcity of the asset. 2.) The chat feature of the Pi App has been and still is critical to the project as the core team has put every single decision for project direction since day one to the community where global Pioneer consensus rules the day. Every step taken thus far has been the result of community discussion and consensus agreement. 3.) Pi Network is NOT a project where we (the community) are waiting for the Core Team to “Finally build us something of value”. He already has. He has provided us with a platform to build upon. You see good sir, it is WE, the 28 million Pi Miners that will build things of value. We, the community, 28 million strong will build the applications of products and services for the platform the founders have provided. We, the community will build value for our global Pi. 4.) The Founders are Current Professors at Stanford, have built this with very little starting capital and have accepted in chat advertising to fuel the platform development, not to line his pockets. 5.) Think about this.. We are a community of 29 million Miners. We all have our own unique skills of value to lend to the Pi network. Myself for example am working to build my service to help the community. PiSwap.com. Right now its just a landing page but will grow into a marketplace that will rival Amazon. To start, we will swap pi for other alt coins. Then we will grow and swap pi for products and services and finally Piswap will provide virtual storefronts for the millions of Pioneers to sell their products and services. 6.0) Pi will get it enormous value from the products and services its community will provide.. Pi’s current value is in it’s active community. 28 Million everyday, active users. What other project can boast of 28million active daily users. 7.) Pi is NOT currently traded on any exchanges by design. Pi is not hedging growth against Market speculation. Remember this simple fact. Cryptocurrency tokens are meant to be proxy mechanisms for smart contract execution first and foremost. 8.0) When 100 million pioneers start building highly valued applications, products and services on the pi network, then you will see the Pi Network native token Pi rival Ethereum in value.

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And to add up to the mining rate, each user could refer to other people in order to get a bonus.

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“They have taken ownership of the movement themselves. “Their numbers are unstoppable and they are working as a force to change their lives.”

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Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.

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After that, I will explain how the technology works, using really simple real-world examples as well as provide a list of Cardano’s advantages and disadvantages that will help you to decide whether ADA is worthy of your attention.

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