BREAKIN NEWS: The Price of Pi Coin is not $314,159, here are the actual facts from the words of Dr. Nicolas Kokkalis - hokanews
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hokanews.com - Pi Network is a cryptocurrency project designed to allow users to easily earn cryptocurrency through their mobile phones without the need for special equipment or complex technical skills. The project was launched in March 2019 by three founders: Dr.Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip.
This project was originally based on blockchain technology like Bitcoin, but with a few key differences. Firstly, the Pi Network does not require cryptocurrency mining like Bitcoin, which requires special hardware to generate new cryptocurrencies. Instead, the Pi Network uses a different consensus mechanism called "Proof of Stake" (PoS), which allows users to earn new coins by validating other transactions on the network.
Second, the Pi Network is designed to be user-friendly, allowing people less tech-savvy to join and use the network easily.The Pi Network application can be downloaded on smart phones at either the Google store or the App Store, and users can start collecting Pi by running the application 24 hours a day.Until now, anyone around the world can still get pi coins, free of charge.
At the time of launch, the Pi Network was only available in "beta" mode and could only be accessed by invitation from other users. However, the project continues to evolve and in 2021, the Pi Network app will be available to the public and can be freely downloaded from app stores. Currently, the Pi Network has 45 million active users worldwide and is one of the most popular and widely discussed cryptocurrency projects, from crypto lovers to ordinary people.
Although the project is still in the development phase, Pi Network has made some significant progress in developing their platform.They have launched several new features such as "Pi Wallet" and "Pi Browser", which allow users to store their coins securely and use Pi cryptocurrency to purchase goods and services.In addition, Pi Network also continues to improve its network security and privacy to ensure user safety and privacy.
In terms of the value of the Pi coin itself, its exchange rate is currently not listed on any major cryptocurrency exchange, and there is still uncertainty about the future value of Pi.However, Pi Network users can collect Pi coins continuously through the application and it is hoped that the value of Pi coins will continue to increase as the network grows and develops.
Apart from that, Pi Network also has a dedicated team of developers who are committed to further developing their platform.The team consists of a number of technology experts and experts in cryptography, network security, and blockchain development. They are continuously working to improve the Pi Network platform and provide new and innovative solutions to enhance the experience of their users worldwide.
During its development, the Pi Network also introduces the concept of nodes and users act as nodes.Any user who joins the Pi Network can become a node by storing Pi coins and helping validate transactions on the network.In this case, the Pi Network provides an opportunity for users to be directly involved in network management and get prizes in return, but using nodes requires a larger capital.
In addition, Pi Network also has an award program called "Ambassador Program" for users who are active in developing the Pi Network community in their environment.This program provides incentives to users that help introduce the Pi Network to others and expand the reach of the community.
Overall, Pi Network is an interesting and innovative cryptocurrency project that offers ease and simplicity in collecting cryptocurrencies. This platform is constantly evolving and offers a lot of potential for a bright future. However, like any other investment, the value of the Pi coin can vary depending on economic and technological factors.
Regarding the current pi coin price, it is quite hotly discussed by the pi network community around the world, from the initial predictive price of pi coin at a price of $ 314 to $ 314159 usd.As all pioneers know, currently the pi network itself is in a closed mainnet, and it is not certain when an open mainnet will be launched.
the price of pi coin is increasingly being discussed in the pi network community around the world, according to one of the pi network community accounts on twitter he said the price of pi coin would be higher than the price predicted by the pi network community itself $314,159.
hokanews.com monitoring from one of the Pi Network community Twitter accounts is very clear, he conveyed the following:
How do you understand the doctor's message in the picture below? !
1 US dollar is one millionth of 1π,
In fact, the doctor has been talking about the value of π for a long time, but no one has ever understood or paid attention to it.
How to understand, that is,
1π is divided into 1 million shares,
One of them is equal to 1U=1 US dollar,
Isn't that the proper 1π = 1 million US dollars = 7 million RMB?
#pinetwork
#PiConsensus
#PiDayGCV &
#WhatIDoForPi
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| Twitter image source |
Developer (English)
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MODS FAQ
fixed message
@simeoncph
CT/Management I would like to ask is the transaction fee really fixed at 0.01? Or 1/100 proportional to the goods. If the fixed rate is 0.01, it may be too high for miners to go to small shops to buy some good ones. Unless the transaction fee is proportional to the item price 1/100 1/1000
July 7 at 1:27 am
@nicolas
@simeoncph It's fixed at 0.01, but we expect it to decrease over time. Such as changing to 0.001 or 0.0001 as required.
July 7th at 1:35 a.m.
@formulacode
@simeonch yes, I see transaction fees fixed at
With a Pi of 0.01 that means the Pi will exchange well below the consensus price of about $314,259 on the Brandiec. If we accept that the price of 1 Pi is 314,159, then a transaction fee of 0.01 Pi would translate to $3,141. Can one pay more than $3000 in transaction fees? To do so I believe the price of pi will be much lower than the above consensus price.
July 7 - 1:38 a.m.
Dr. Nicholas himself said:
@nicolas
In some cases, Π can be used in smaller units, such as um or micron (1p is one millionth of t). Blockchain can support as low as 0.1ut
for more details see the picture below:
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| Twitter image source |
other facts from a pioneer that justifies the words of the post shared by the pi network community twitter account:
details
Lu Xiaobin Chongqing
1 US dollar is one millionth of 1,
In fact, the doctor has been talking about the value of n for a long time, but
is that no one has ever understood or paid attention to these,
how to understand, that is,
1 divided into 1 million copies,
One of them is equal to 1U = 1 US dollar,
Isn't that the proper 1=1 million US dollars=
7 million RMB?
for more details see the picture below:
 |
| Twitter image source |
What is Pi Network?
Pi Network is a new cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining device battery. The Pi blockchain secures economic transactions through a mobile meritocracy system and a complete Web3 experience where community developers can build decentralized applications (dApps) for millions of users.
That's a little information that we can share with all the pi network communities. Hopefully this is useful, keep the spirit, don't give up.If the information from hokanews is useful, don't forget to share it with other pioneers.
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Thanks to all the pioneers, warm greetings from the hokanews team. Information from the pi network community for all pioneers
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