PI Coin Surges to $1
The price of Pi Coin, the cryptocurrency of the Pi Network project, has recently crossed the symbolic dollar mark. Following an impressive 51% surge in 24 hours, investors and Pi miners are excited about the prospects of this virtual currency still relatively unknown to the public. With rumors of imminent listings and exciting updates ahead, the token seems poised for a bullish trajectory in the months to come.
But how can one take advantage of this momentum and start mining Pi tokens? Here is a detailed guide to help you get started.
Unlike most cryptocurrencies, mining Pi does not require investing in expensive computer hardware or consuming high amounts of energy. In fact, the Pi network is designed to allow any smartphone user to participate in mining, making cryptography accessible to the masses.
Here are the simple steps to start mining Pi coins :
- Download the Pi Network app on your smartphone, available on iOS and Android.
- Create an account and verify your identity using your phone number or Facebook account. Choose a secure password.
- Enter an invitation code: Pi operates on an invitation system, so you’ll need a referral code to join the community.
- Start mining by simply tapping the lightning bolt “⚡”. Mining sessions last 24 hours, so you’ll need to click daily to continue earning Pi.
- Build your “Security Circle” by adding trusted contacts after 3 days of mining. This will strengthen your network and increase your earnings.
- Invite your friends with your referral code to grow your earning team. The larger your network, the higher your mining rate.
How Does Pi Mining Work ?
Mining the token is based on a unique system called “Proof of Engagement”. You need to prove that you are an active user by clicking the mining button daily, which helps eliminate bots and fraudulent accounts.
Unlike traditional energy-intensive systems, Pi Network focuses on trust and security with “Security Circles”. This mechanism validates the miners’ identities and prevents malicious activities.
When it was launched, the mining rate was relatively high, but it has decreased over time with new participants joining. Currently, the base rate is around 0.0030 Pi per hour.
Before being able to use or transfer tokens, a KYC (Know Your Customer) verification is necessary, similar to the validation process on most cryptocurrency exchange platforms.
An Opportunity to Seize ?
As the token price has just crossed a symbolic threshold, the window of opportunity seems to be opening for users looking to participate in the project. With a simple and accessible mining process on smartphones, Pi Network offers an interesting entryway into the world of cryptocurrencies.
However, it’s essential to bear in mind that the token is still an emerging cryptocurrency, with many uncertainties regarding its future adoption and long-term value. As always, it’s advisable to conduct your research and invest wisely and thoughtfully.
Keep a close eye on the resistance at $1.80, which will be crucial for the token’s further price movement.
To buy the token, here is a guide to getting it on Bitget:
- Create a Bitget account Sign up on the Bitget website with your email or phone, validate the sent code, and enable 2FA to secure your account.
- Verify your identity (KYC) Submit an identification document to complete KYC verification, necessary for trading.
- Add funds Deposit cryptos (USDT, BTC) or fiat via credit card (Visa, Mastercard) or bank transfer under “Deposit.”
- Access the market Go to “Spot Market,” search for “PI,” and select the PI/USDT pair.
- Make the purchase Choose a market order (immediate purchase) or limit order (fixed price), specify the quantity, and confirm.
