The Pi Network is making waves in the crypto world. But what is it, and how can you trade your Pi coins? Let’s find out!
What is Pi Network?
Pi Network is a new type of cryptocurrency created by a team of Stanford graduates. Their goal is to make cryptocurrency easy for everyone to use. Unlike Bitcoin, which needs lots of computing power to mine, you can mine Pi coins on your phone without draining the battery.
The Pi Network is still being developed, and Pi coins aren’t listed on big exchanges yet. However, it has a large and active community of miners who believe in its potential. The easy-to-use mining process is a big reason for its popularity.
How Does Pi Network Work?
- Mining on Phones: You can mine Pi coins using the Pi Network app. All you need to do is press a button once a day. It’s that simple!
- Security Circles: To keep the network secure, Pi Network uses “security circles.” Users verify each other’s trustworthiness, which helps secure the network without using lots of energy.
- Development Stages: Pi Network is in the Testnet phase, meaning users can mine and trade Pi within the network. The final phase, called the Mainnet, will allow Pi coins to be traded on major exchanges.
Where Can You Trade Pi?
Currently, Pi coins aren’t listed on major exchanges like Binance or Coinbase. But you can trade your Pi coins on Rimoswap.
Rimoswap allows you to trade Pi in its Dswaps (P2P) exchange section. You can also send and receive Pi using your Rimoswap tag for free. Just sign up, verify your account, and make a deposit to start trading. Here’s why Rimoswap is a great choice:
- Easy to Use: Rimoswap is user-friendly, so even beginners can trade Pi easily.
- Secure: Using Rimoswap tags helps you avoid mistakes with wallet addresses.
- Trustworthy: Rimoswap is the only platform globally that has listed Pi for active trades with deposit and withdrawal options.
How to Get Started with Pi Network
- Download the App: Get the Pi Network app from the Google Play Store or Apple App Store.
- Register and Start Mining: Sign up using an invitation code from an existing user, then start mining by pressing the “mine” button daily.
- Build Your Security Circle: Invite friends and family to join your security circle. This increases your mining rate and helps secure the network.
- Stay Updated: Watch for official announcements about the Mainnet launch and trading opportunities.
Trading Pi on Rimoswap
- Sign Up: Create an account on Rimoswap.
- Verify Your Account: Complete the verification process.
- Deposit Pi: Deposit Pi to your Rimoswap account.
- Start Trading: Move your cash to your Funding wallet to start trading Pi securely and easily.
Pi Network aims to make cryptocurrency accessible to everyone. While it’s still being developed, its user-friendly mining process and strong community support are promising. As the network moves closer to its Mainnet launch, Rimoswap offers a secure and easy way to trade your Pi coins.
Happy mining and trading!