Pi Network has become one of the most popular projects in the “cryptocurrency” industry. The coin, which is yet to be launched, has millions of users from around the world. In this article, we will explore whether the Pi coin is a good investment or whether it is a scam.
What is Pi Network?
Cryptocurrencies have become extremely popular in the past few years. At their peak, all cryptocurrencies had a market cap of over $3 trillion, with Bitcoin being the dominant player.
While cryptocurrencies have gotten popular, they have not yet gone mainstream like fiat currencies. At the same time, the process of mining them is relatively complicated and expensive.
Pi Network is a company that hopes to change this by making it extremely easy to mine cryptocurrencies and spend it. Unlike Bitcoin and Ravencoin mining, anyone can mine PI coin provided that they have an Android or iOS smartphone.
Pi Network has become incredibly popular. According to Google, its application has been downloaded by more than 50 million people. Of these users, 536k of them have left their reviews, with an average rating of 4.5*.
Pi Network has also been downloaded by thousands of people on iOS, where it has an average rating of 9.3. Therefore, it is estimated that Pi has more than 10 million active users. This is a huge number since it is an invite-only application.
These users…
