What is the Pi coin?

Pi is a crypto asset created based on the stellar platform. The platform opens to the community during the beta process, and although mining is not normally available on the Stellar platform, it allows the sharing of this digital asset, which is produced by simulating mining with the developments it offers, with a meritocracy-based distribution model. You can earn Pi on the platform with three different roles. Pioneer, Contributor, and Ambassador.

As with most other mined cryptocurrencies, there is a halving in Pi. The halving trigger is the number of members. Each time the number of current members reaches a new strength of 10 (100000, 1 million, 10 million ….)
Mobile miners’ base mining speeds (pioneer + contributor) are halved. Thus, it is predicted that Pi will maintain and increase its value as a rare digital asset over time.

You can bring new members to your team to earn more Pi. For every new member who starts using the application by typing your Pi user name in the invitation code section during registration, you will gain an additional digging speed of 25% of your foundation excavation speed at all times you dig together.

From the moment we started the application excavation, it gives us Pi every second in 24-hour periods. When we complete three 24-hour excavation periods, we have the role of the contributor and can establish a safety circle. We can add as many members to the security circle as we want, but we can only benefit from 5 of them. Each member in the circle increases our base excavation speed by 20% (up to 100% + with 5 members).

Pi aims to produce the world’s most widely used cryptocurrency and to create a large-scale economy with this cryptocurrency through the exchange of products/services within the digital market between members on Pi Platform. Also, this economy will be supported by decentralized applications and home screen paid promotions by members and developers from outside the platform, thanks to smart contract support and application main screen block.

Over time, all these activities will shape the free market economy and a price formation accepted by Pi’s members. Pi will then be placed on its main blockchain and will be listed on exchanges. Thanks to all this development process, millions of Pi users will have a cryptocurrency (Pi) whose price has been agreed by the masses, which will prevent exchange users who want to own Pi from purchasing Pi below its value.

In other words, Pi’s success depends on the collective contributions, use, and adoption of the community. It is up to you as a community to generate value with Pi. To benefit from Pi, all members must focus on: how they can contribute to the digital market process, the Pi ecosystem, and the economy through real production or consumption.

You can think of the Pi network as a digital nation and the Pi we have accumulated as citizenship pension. It is up to us to create an economy with Pi. In the current process, the developer team prepares the infrastructure of the areas where we will use Pi. They develop software that will secure our network and ensure its functionality.

If you want to register to Pi immediately, you can dig using the Cyclopss1 invitation code (reference):

My reference code: minepi.com/Cyclopss1