Hello everyone, I am Jane, an Internet worker.
Today we are going to talk about pi coin
At an event in Vietnam this year, it was announced that the consensus price of PI coins has reached as high as 314,159 US dollars. After calculation, the market value of PI coins has exceeded 1 trillion US dollars.
Pi Coin is a currency that has always been relatively famous. It is promoted to the outside world as a coin-mining artifact that can be mined every day by moving your fingers without consuming data or occupying the memory of your mobile phone - Pi Coin.
PI coin is regarded as a mysterious symbol in certain communities, and everyone is eagerly looking forward to the day when it enters the exchange, which will create tens of millions of rich people. Yes, wealth and freedom in life depend on PI coins is their slogan.
However, it is worth noting that this is an era when everyone can issue PI coins. This is the real power of decentralization!
In fact, when we look back at the history of blockchain, it’s probably like this——
In the early stages of blockchain, that is, before 2016, this field was relatively unpopular, and participants mainly included a small number of miners and currency speculators. At that time, the main thing was that the project party and K Workers jointly developed an encryption project together, then listed it on the exchange, exchanged it for Bitcoin, and then ran away.
Beginning in 2016, blockchain technology came into view. Driven by Bitcoin, a large number of new users joined the field, leading to a boom in currency speculation. At that time, it was mainly ICO project parties and underwriters who started.
In 2017, Bitcoin rose sharply and then turned bearish. At that time, the project team mainly used the gimmick of blockchain implementation to conduct private distribution. The method is generally like this, issue one or two air coins (if built on the Ethereum chain, less than 50 US dollars), and then set up an exchange (your own exchange)
There are only one or two coins in the exchange that can be exchanged with BTC, ETH, USDT, etc., and then they control the market internally, so that the air coins slowly rise, making fans jealous, and there are also false publicity about the launch of high-end blockchains, such as the launch of a mall. Yes, it is exactly the same as Pi’s promotion. It attracts people. The more you invest in BTC, ETH, and USDT, the more coins you will get (Pi is called mining K).
It's the same as Pi's K mining, except that the former requires investment, but the latter does not.
Speaking of PI coin, I really have to admire the innovation of PI coin in that reckless era of cryptocurrency, when most people were using mining machines to mine K.
They came up with the idea of mining K for free on their mobile phones, which was a disruptive idea at the time. After all, the market was flooded with expensive mining rigs, and their offering of a virtual, free mobile mining rig was a huge shock to the market, especially in that crypto-crazy era.
It’s no wonder that this PI coin can penetrate deeply into the crowd. This belongs to rural areas surrounding cities, because many people do not have Bitcoin in their hands, but they have PI coin mining K software installed in their hands.
From 2018 to early 2020, although the market enthusiasm has decreased, these projects and organizations are still being promoted.
However, starting in mid-2020, with the development of blockchain technology, some projects began to build ecosystems on the main chain because the cost is lower and the technology is simpler. This also creates conditions for the rise of DeFi (decentralized finance).
During this period, projects mainly focused on creating fund pools within the ecosystem, such as the BSC smart chain, the Ethereum chain ETH, and the Solana public chain. The most common thing is that the fund pool is attacked and the money disappears. In fact, it is taken away by the banker.
Starting from 2021, the cryptocurrency market has entered a bull market, and various high-end projects have begun to receive more attention, including NFT, DAO, WEB3.0, etc.
In particular, DAO (Decentralized Autonomous Organization), which continues in 2020, has brought a theoretical foundation to these projects.
In 2022, some projects such as Core Dao and Pi Network continue to adopt the DAO (Decentralized Autonomous Organization) model.
Take Core Dao, for example. This project is also a cryptocurrency and users can receive free daily airdrops of tokens by downloading its app. Coupled with its MLM distribution system, Core Dao attracted a large number of users in a short period of time, with downloads on Google Play alone reaching 10 million, and this does not include the Apple App Store and the huge Chinese user base. The total number of participants is estimated at 40 million.
As soon as the price of Core Dao went online, the price suddenly rose to more than 6 US dollars. According to the allocation of chips, the market maker's overnight control value reached 35 billion yuan, and the total market value exceeded one New Oriental. It is unimaginable to make tens of billions from just one air coin.
Therefore, there are a large number of user groups in this industry who are thinking about business opportunities to get rich overnight.
Pi coin, also known as π coin, was launched on March 14, 2019. The Pi Network Chinese community claimed that the project provides a mobile application for mining K. Users only need to open the application in 1 second every day, and then every Click on a specific location every 24 hours to mine K to obtain "Pi coins". In short, this project is to mine K through mobile phones.
Pi Coin’s promotion claims that the core team of the project is composed of Stanford University graduates from all over the world, including two PhDs and an MBA. In addition to developing and teaching Stanford's blockchain applications courses, they are experts on topics such as blockchain, distributed systems, social sciences, and human-computer interaction.
Unlike Bitcoin mining, which requires constant hash operations to obtain Bitcoin rewards, Pi Coin's method of mining K is simpler. It only takes 1 second every day to successfully mine K by tapping the screen.
What’s more interesting is that the K mining rate of Pi coins is related to the number of users. This free K mining combined with distribution promotion method has attracted a large number of registered users.
Even in order to promote this project, some Pi Network users posted a Weibo screenshot of Teacher Li saying that Pi coins are good and spread it on the Internet.
It is absolutely impossible for a big brother in the currency circle to gain popularity for free, so Mr. Li angrily posted this on Weibo.
Directly pointing out that Pi Network is a boring scam, hahahaha, I still remember Li Xiaolai’s stupid words before that consensus is also a consensus, it made me laugh...
Is PI coin real or fake, or is it just a dream---Tugou scam?
Some people say it is a code for wealth, while others say it is a pyramid scheme and a scam. I won’t comment too much on this PI here. But it is definitely not a local dog. After all, it has not been on the public chain yet. Time is the best proof.
In the words of a fan: Only if this PI is not listed on the exchange can we have hope. How can we middle-aged and elderly people make money on the exchange? Only our current state can give us hope and the greatest spiritual sustenance in our hearts‼ ️
So what is the native dog PI that I am mainly talking about today?
Tugo: So what is Tugo? What is the definition of Tugo? In my opinion, Tugo is a token on a public chain, such as the familiar and commonly used public chains, Ethereum ETH and Binance Chain BSC. , TRX chain, and this year’s Arb chain, the cost of creating a new currency on various chains is far lower than the price of a scam app.
Since the fires of Dogecoin and EOS, many speculators have taken advantage of the public’s cognitive shortcomings and human greed to issue more and more new coins. Of course, I like to call Tugou the common name: “It is the conflict between Dog Village and Leek retail investors. "A game of flexible gaming", commonly known as the leek back garden of Dog Village.
To sum up, Tugou is a new currency controlled by bankers, and there is no so-called supervision by government financial institutions.
Because they will rise and fall sharply, earth dogs are also called liar coins, and returning to zero is their final destination. For example, IPP, PAGX’s JFB.
well, let's get back to business. We all know that mobile phones have been mining K's PI for so many years, and it is very popular around the world. Currently, the number of followers on Twitter is more than 2 million, as shown in the picture
I have to say that the popularity is there and the consensus (brainwashing) is also very successful. Which means the story is now ready.
It is estimated that there are many people in Gouzhuang who want to make a fuss about PI, but none of them are as courageous and powerful as Sun Ge. On December 29, 2022, Sun Gao directly decked out a complete set of PI information, and then listed it on Huobi.
Then there was a saying spread throughout the industry, "If you want to buy counterfeit coins, go to Huobi. The coins you buy will have P on them." This was once widely circulated in the cryptocurrency industry circle.
Looking at Huobi’s PI, I have to admire Sun ️ for his ability to gain popularity. There is no popularity that Justin Sun dare not not capture.
In just two days, crazy trading began. It was only about 20 in the beginning and went straight to 345.
The latter PI was also condemned by all parties. The "mobile KPI mining" group also forwarded the project team's statement that the PI really didn't give Sun Yuchen face. This slap in the face came so quickly that Sun Ge almost didn't name him personally. Yes, Justin Sun is not a human being inside and outside this time. It is said that the community requested to put PI online, and the official announcement of the PI coin came out. It was illegally sold. The scene was extremely embarrassing as shown in the picture.
But for the industry in the cryptocurrency circle, this is not surprising to Brother Sun. You can ignore me, but it doesn’t mean that you can’t let me take advantage of the popularity. It perfectly reflects that Sun is late, but not less, but none of this is important. The importance has been so popular that you don’t dare to cut the leeks without PI coins.
Let me tell you now, I will cut the leeks that you dare not cut. We PI will earn what you PI don’t dare to earn. In a word, we will cut what PI doesn’t dare to earn, and we will earn even more what PI cannot earn. Cut again and again, royal power permits! This is HB’s PI, is it clear enough‼ ️
Of course, there must be more than one Tugou PI, Sun Gee. Nowadays, Tugou PIs are all over the streets. Some people made money through this PI and left the market. More people join this land dog with faith, thinking that the result of getting rich may be lost.
"The money market and currency circles are just a game of beating drums and passing flowers. In the end, they either make money and run away," or they are cracked down by the police. Therefore, everyone should stay away from the capital disk and various CX leek coins, and stop messing around.
Is Pi Coin the next Bitcoin or a huge scam?
Promoters in the entire Internet market claim that PI coin is the next Bitcoin. I don’t believe this statement at the moment. Because Bitcoin is valuable because of volume and consensus, whether it is the consensus of the hype, the total volume is constant, the algorithm mechanism, and technical support.
But even though it is so popular, this Pi coin has not yet seen obvious application scenarios.
Over the years, Pi Coin has been talking about building some kind of public chain and listing it on the mainnet for transactions. However, the appointments have been missed time and time again. People in Touqu have launched so-called public chain transactions on their own. So far, there has been no news about Pi Coin.
So judging from the current situation, I don’t believe that PI coin is the next Bitcoin.
No one knows where the pi coins will go.
It still depends on whether there will be real application scenarios in the future.
Everyone, please use your little hands to make a fortune and pay attention~
Thank you all for your support, see you next time!
