BREAKING NEWS : Dr Nicolas Kokkalis, We are not trying to make a quick "pump and dump" cryptocurrency here - hokanews

BREAKING NEWS : Dr Nicolas Kokkalis, We are not trying to make a quick "pump and dump" cryptocurrency here - hokanews 

hokanews.com - In the ever-evolving cryptocurrency world, the Pi Network project led by Dr.  Nicolas Kokkalis has emerged with a firm commitment to sustainable growth and a rejection of "pump and dump" manipulative practices.  In this article, we will explain in detail how the Pi Network differs from “pump and dump” schemes and how they strive to build a fair, inclusive and sustainable cryptocurrency ecosystem.

"Pump and dump" refers to the practice in which a group of individuals deliberately pushes the price of a cryptocurrency rapidly through over-promotion and other manipulative acts.  Once the price reaches a peak, they sell the asset quickly, causing the price to crash suddenly.  This results in losses for investors who are not aware of this manipulative practice.

However, Pi Network expressly insists that it does not engage in "pump and dump" or similar manipulative practices.  They are committed to building strong, sustainable and transparent communities.  Pi Network's main focus is to create a resilient cryptocurrency ecosystem, where the value of their digital currency, namely Pi Coin, is based on trust and acceptance by users around the world.

The Pi Network uses a Proof of Stake (PoS) consensus algorithm that allows pi coin holders to participate in the mining process and validate transactions.  In contrast to the Proof of Work (PoW) algorithm which requires large computational power, PoS allows mining to be more efficient and environmentally friendly.  It also provides an opportunity for all pi coin holders to contribute to network security, without having to own expensive hardware.

In addition, Pi Network also has strong security mechanisms to prevent fake mining and abuse.  The invite system that they implement ensures that every new user must get an invite from a verified member before they can join the network.  This helps maintain network integrity and prevent manipulative actions that harm users.

Currently, the Pi Network is still in the development stage or what is currently called the Closed mainnet.  This means that the value and price of Pi coin as a digital currency is still undetermined and not yet available on the open market.  It is important for potential users and investors to stay alert and follow the official information released by the project team.  Through open and transparent communication, Pi Network strives to build trust and maintain the integrity of the pi network project for everyone around the world. 

Regarding the Pi Network, Dr. Nicolas Kokkalis, we are not trying to make a quick "pump and dump" cryptocurrency here, it is true that Dr. Nicolas Kokkalis conveyed this and was republished by one of the pi network community accounts on Twitter as a reminder to  all the other pioneers that the Pi Network is not crypto in general, hokanews.com browse the posts shared by the pi network community account exactly as follows:

🌐 Dr Nicolas Kokkalis: We are not trying to build a quick "pump and dump" cryptocurrency here

 

#pi #pinetwork #minepi #nicolaskokkalis #picoin #piconsensus

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Twitter image source 

Dr. Nicolas Kokkalis confirmed their commitment to sustainable growth and avoiding "pump and dump" practices in the cryptocurrency industry.  Using a Proof of Stake (PoS) consensus algorithm and a strict invitation system, Pi Network strives to build a fair, inclusive and transparent ecosystem for their users.

The Pi Network is not interested in short-term gains made through costly price manipulation or speculative practices.  They are more focused on developing technology, network security, and building a solid community and a strong ecosystem.  Pi Network believes their long-term success lies in mass adoption and acceptance by people around the world.

In observing the development of the Pi Network, it is very important for users and investors to carry out thorough and careful research.  They must follow the official information released by the project team, understand the long-term prospects, and consider the risks involved before engaging further.

In an era of evolving cryptocurrencies, projects like the Pi Network that have a focus on sustainable growth, fairness and transparency provide an attractive alternative for users seeking participation in the new digital economy.  With a strong commitment to these principles and the leadership of Dr.  Nicolas Kokkalis, Pi Network strives to be a responsible player and bring positive changes in the cryptocurrency industry.

You all know pioneers, that the Pi Network is not just crypto, the Pi Network is the new digital currency that is most widely used around the world, don't throw away your pi coins at this time, save them as well as possible if you don't want to cry in the future.  Don't give up, keep the spirit.  Success is not built overnight, warm greetings from our hokanews team to all pioneers around the world, success for those who are patient!

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.

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Thanks to all the pioneers, warm greetings from the hokanews team.  Information from the pi network community for all pioneers