PI NETWORK

INVITATION: https://minepi.com/manjacha

I am here to introduce you to a hassle-free way of getting your hands on some cryptocurrency, or if you are new, a straight easy and risk free entry to the cryptocurrency markets. You will be able to see how a social project such as Pi Network develops further in the future and see how we are able to run a blockchain that is ECO and hardware friendly.

The initiative comes from Stanford and Yale PhD's and the team's vision is to change the way we look at cryptocurrency and its distribution as whole. As you most likely know, Bitcoin wastes electricity in order to tax mining rigs to have a chance at solving complex computations and get rewarded with Bitcoin to do so. Sadly, the "start Bitcoin mining today" ship has long sailed as there are multi billion industries and companies built with the whole purpose of earning BTC. You would need a lot of upfront investments, which will cost money over time too. Also 2% of Bitcoin owners control 90% of bitcoin.

With a brand new vision, the SocialChain, consisting of 250,000 active mobile users / miners as their main audience, aims to connect people worldwide via the app as it will allow transactions worldwide with 3-5 seconds speed, making it ideal for peer to peer exchanges between the everyday users like you and me. The blockchain will use the XLM (Stellar Consensus Protocol), which has been working fine for some years. You can find out more info about thie SCP protocol here

The miner teams build trust graphs for later nodes to use to secure the blockchain and allow seamless transacting on the Pi Network. This also filters out bot accounts, botnets, clickcfarms and so on, later on a minor KYC will be required as standard, which will filter out the crap - we are also awaree of current filtering in process to ensure everyone gets a decent fair start. Later in 2019, the team will roll out a P2P marketplace where you will be able to get goods or services for your Pi Coins; and in Q1 2020 the node mentioned previously will be implemented and people will be able to run the Pi Software on their PC/laptop; and in Q3 2020 the project will be listed on exchanges such as Binance, Coinbase, IDEX etc.

This is pre-ico, alpha stage in reality and with very limited marketing from team, the network already has 250,000 users and projected to reach a multi million in the coming years. The coins are getting distributed fairly and at a decent rate.

The app runs smoothly on Apple or Android devices and can be downloaded from its corresponding stores, for totally free, with no in-app purchases! Be sure to read FAQ first in the app!

How to get start earning straight away?

Begin your Pi Stacking journey by following this link to the official website of the project, where you'll be able to see a quick 1 minute introduction of the project and you'll find the links to download the app on your mobile device. Once you've done that, open the app. Simply login via Facebook or your mobile number. It will, at some point, ask who invited you. Simply type in my ambassador code ' Kozii ' as this will ensure you are in my mining circle, getting extra Pi / hour for me being always active and you'll stay at max mining rate with this boost.

A quick trip down memory lane...

Roadmap / Deployment plan:

Phase 1 — Design, Distribution, Trust Graph Bootstrap (right now)The Pi server is operating as a faucet emulating the behaviour of the decentralised system as it will function once its live. During this phase improvements in the user experience and behaviour are possible and relatively easy to make compared to the stable phase of the main net. All minting of coins to users will be migrated to the live net once it launches. In other words, the livenet will pre-mint in its genesis block all account holder balances generated during Phase 1, and continue operating just like the current system but fully decentralised. Pi is not listed on exchanges during this phase and it is impossible to “buy” Pi with any other currency.

Phase 2 — Testnet
Before we launch the main net, the Node software will be deployed on a test net. The test net will use the same exact trust graph as the main net but on a testing Pi coin. Pi core team will host several nodes on the test net, but will encourage more Pioneers to start their own nodes on the testnet. In fact, in order for any node to join the main net, they are advised to begin on the testnet. The test net will be run in parallel to the Pi emulator in phase one, and periodically, e.g. daily, the results from both systems will be compared to catch the gaps and misses of the test net, which will allow Pi developers to propose and implement fixes. After a thorough concurrent run of both systems, testnet will reach a state where its results consistently match the emulator’s. At that time when the community feels its ready, Pi will migrate to the next phase.

Phase 3 — Mainnet

When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored. After this point, the faucet and Pi network emulator of Phase 1 will be shut down and the system will continue on its own forever. Future updates to the protocol will be contributed by the Pi developer community and Pi’s core team, and will be proposed by the committee. Their implementation and deployment will depend on nodes updating the mining software just like any other blockchains. No central authority will be controlling the currency and it will be fully decentralized. Balances of fake users or duplicate users will be discarded. This is the phase when Pi can be connected to exchanges and be exchanged for other currenCY