When the PI Network Is Going to Be Listed on Exchanges

Very soon according to rumors.

Cryptocurrency mining is a complicated computer process that usually necessitates the use of specialized equipment. Ethereum is mined with powerful video cards, but Bitcoin is mined with ASICs, which are much more expensive.

Pi Network’s creators chose to make their coin more widely available in such a way that, Pi crypto may be mined by anyone with a smartphone. While the Pi network has a large user base, the future of the Pi coin seems unclear.

Now, It’s time to talk about cashing out of your Pi crypto.

Before the end of 2021, the Pi network will be launched on the MainNet, when the Pi network reaches the MainNet, it will join other cryptocurrencies in the market, where they will be assigned an exchange value against fiat currencies such as the US dollar or the Euro. This is expected to happen by the end of 2021.

Even after Pi reaches the cryptocurrency market, I advise you to hold. It will take another decade for the Pi network to mature. To reach 100 million subscribers takes around a year. Because the increase is exponential, I believe we will surpass 100 million users within the next year.

According to the white paper, the value of Pi network currency is determined not just by the number of coins in circulation, but also by demand. This is in contrast to other cryptocurrencies, where the value is determined by the scarcity of coins.

The demand is determined by the Pi network’s ability to sustain its network of third-party apps. So, in preparation for the listing, here’s what you should do. If you want to keep your coins when they hit the market you must verify you are a real person. Fortunately, you still have a year to make your decision.

The identification process for the Pi network is very stringent. A government-issued identification card is required. This is a complete crapshoot — the bureaucratic process to obtain documents varies based on your nationality.

On the other hand, by inhibiting money laundering, the Pi network remains a cleaner cryptocurrency.

I understand why some people are concerned about revealing personal information. If you’re the cautious kind, my recommendation is to opt-out for the time being and mine on your phone. You have a year to assess the platform’s stability. Keep in mind that once the platform is live, you’ll still need to authenticate your identity with a government-issued id card.

Now, you’re probably wondering how I’m going to verify the pi network that I’m a real person. The Pi network decided to use Yoti, an external identification tool. Use the Yoti app to verify your identity. You may receive a pop-up notification on your app after becoming a member asking if you wish to verify your identity.

This has an entirely random chance of happening. Some folks received the notice two weeks after they joined. After six months or a year, some people may have it. Unfortunately, the Yoti app is a headache.

To use the majority of users in the United States and other nations that provide passports and driver’s licenses will have no issues. Many members, I’ve heard, have trouble verifying in different continents.

If you haven’t yet gotten an invitation from the Pi network to authenticate with KYC, you can still get a head start by downloading the Yoti app. This signifies that the YoTi app has approved all of your identity. Once you receive the Pi network invitation all you have to do is submit it to the Pi network.

What is the expected value going to be?

Presently, the official value is still “0”. Only very few people can trade. Therefore, we still have to wait. However, a major rumor has been speculated about the Pi network getting listed by August, which is just two months away.

Since it is still an unlisted coin, it can’t be valued yet, but very few people trade using the “Pi Lifestyle App” for about $100 per 1 Pi. An exchange called “SJS” in Singapore trades Pi futures. The current price is about $10 per 1 Pi. But presently, the official value is still “0”, Therefore, we still have to wait for very little more time.

The identity of the core team is very transparent. Other coins often don’t know who the developer is or where the company is. At the end of the day, when it comes to cryptocurrencies, there are no guarantees. And their proposal isn’t offering that — it’s just a matter of inviting you on board and seeing what happens.

When you consider that all you have to do is download an app and open it once a day, it seems like a good deal, especially when you consider what this may become. While pi is still in its infancy, it is developing at a rate that cannot be ignored.

It’s free and simple to start earning it, so I decided to give it a shot. You stand to lose virtually little, except some wasted time. Of course, it may not amount to much, but if it meets its objectives, it will be rather impressive. And in that case, getting there early could pay out handsomely!

Source: https://medium.com/the-blue-stars/when-the-pi-network-is-going-to-be-listed-on-exchanges-fd4c1987951a?source=rss——-8—————–cryptocurrency