We’ve all heard the terms “cryptocurrency” and “Bitcoin” for quite some time. A new term is currently trending on social media, and it is grabbing everyone’s attention. “The first and only digital currency that you can mine on your phone,” says the Pi Bitcoin Network. This means that millions of people will be able to become Bitcoin miners if the Pi cryptocurrency succeeds in the coming years.
What is Pi Network?
Pi Network is basically a mobile app developed by Stanford University PhDs. The app received quick popularity in Vietnam. Pi Network has surpassed Instagram as the 22nd most popular iOS app in Vietnam. While many experts believe it is a hoax, it is still a mystery how a hoax could entice millions of users all over the world.
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What is the value of Pi Network?
The value of Pi has yet to be verified. We don’t have an official word on it, despite the fact that many users have claimed different estimates. Users on social media have shared Pi estimates ranging from $10 to $100 each.
It’s too early to tell if the Pi Network will be a game-changer in the worldwide cryptocurrency market. Many experts think the app is a ruse that will be exposed in due time. However, we will have to wait a while to see if this is correct.
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Initial Sucess
The initial success of the app was announced on Pi Network’s Facebook page on February 19th. According to reports, the app has attracted more than 13 million users worldwide.
Pi Network bills itself as a digital mining app that accomplishes far more than owning a Bitcoin. Here’s what Vietnamese customers have to say about it:
“Since we no longer have a chance to own Bitcoin, let’s start mining Pi instead. You don’t lose anything. If the project succeeds, each Pi could be worth tens of thousands of dollars in a few years,” said Duc Danh, a Facebook user in Ho Chi Minh City.
“I’ve invited eight of my friends to mine. “I now have over 10 Pi, with a mining speed of nearly 0.3 Pi per hour,” said Nguyen Nhat, a Pi user in Ho Chi Minh City, also known as a “Pioneer.”