Home About New Event Free Fire

Friday, May 21, 2021

PI NETWORK TEAM, PI NETWORK MINING AND LUNCH DATE

Pi network


The first digital currency you can mine on your phone.
It is secure immutable non counterfeitable  digital money.
Works on your mobile phone and does not drain your battery.

Pi network team


The project was founded by three individual two of them PHD Dr Nicholas and Dr changdiao


Pi network mining


4 levels of mining - 
1 Pioneer
2 contributor
3 ambassador
4 node


1 . Pioneer - This is who sign into the mobile app on daily basic, 
2 . Contributor - This is the people who using Pi network.
3  . Ambassador - this is the people who I invited.
4 . Node - Run the Pi mining software on computer to help secure the blockchain based on security connections from contributors.

  • Reward for mining paid out daily.
  • All minus receive a payment for contributing.
  • Free transactions when network congestion is low.

Pi network economics


Total supply = M+R+D
M  =TOTAL MINING REWARD.
R=  TOTAL REFERRAL REWARD.
D = TOTAL DEVELOPERS REWARD.
 
M = A FIXED SUPPLY OF PI FOR EACH PERSON THAT JOINS THE NETWORK AFTER THE FIRST HUNDRED MILLION.
R= a fixed supply that serves as a referral bonus for both referer and referee can be mined by both parties over their lifetime.
D= my minted along side of each coin minted for mining and referals.
F = Pi s  mining and rewards decrease as a function of the number of the network.

Pi stack


Ledger and shared trust graph .

            Rating system for notes, based on behaviour and community recruitment.


Attention marketplace

       Scare social media

       Advertising marketplace

       Barter marketplace

Decentralized applications.      

       No need to booststrap 

       Interoperability.

 

Pi governance


5 million member

 Similar of chain governance to BTC?

Committee formed based on network contributions.

Committee responsible for soliciting and contributing to the network.


Roadmap 

Phase 1 - design, development and trust graph booststrap.

Phase 2 - test net.

Phase 3 - main net.


Remember - 

Total supply.

Social media and team performance.

Mining.

Twitter.

Chen's profile.