The app does not provide any utility to its users beyond functionality such as in-app messaging. There are hundreds of posts online saying that the pi network cannot be a scam because users do not put any money into it. Users' time and data are valuable to them and they spend it on the app. This project clearly emphasises recruiting new members.
There is no proof that it is on the blockchain because the developers are not open about the technical details of the project. The people behind this project profit from your data. There is no evidence of blockchain in this project. Pi Network is a legitimate mining app that will allow you to mine your cryptocurrency without spending a lot of resources.
It certainly has its advantages but it also has some limitations that you should consider. Pi does not violate your privacy in any way. In fact, that is one of the reasons why the "Pi Network" is so successful and growing so fast. The base fee will be 0.10 Pi per hour and will increase if you take on additional roles in the network.
In addition, Pi Network users do not have access to their own private keys, so the Pi coins they earn may disappear completely at some point in the future for all they know. In May, the Pi Network claimed on Twitter that it already had more than 18 million pioneers on board and encouraged them to "mine at a faster pace while they can". The Pi Network's official website says it aims to ensure that no one is left out of the cryptocurrency revolution, noting that mining cryptocurrencies is difficult and that investing in them can be even riskier. At the moment, the Pi cryptocurrency is going through the second phase, which is essentially a testing phase where users of the network volunteer to test the "node" software on their computers that would help decentralise the network.
But a few months later, I saw my friends winning a PI coin, and I was surprised at the time because I even missed a great opportunity. As for the rate of Pi mining by the application, it will be affected by several factors (which I will talk about below). The popularity of this programming language has grown rapidly in recent years, and there is now a greater demand for those who know how to develop with it. Take any Pi price predictions you come across with a pinch of salt, because there is not much reliable information to back them up: the price of Pi remains to be seen.
It is estimated that there are already more than 10 million users mining the Pi cryptocurrency on their smartphones for free, with very low CPU, data and battery usage, and protected from having their privacy breached. And since the Pi Network app is free and fairly easy to use, all in all, it really doesn't cost you anything to jump on the bandwagon and mine the Pi crypto. Furthermore, Pi Network will never ask you for money or offer you something that will certainly be a red flag. The Pi Network is now partially decentralised and will become fully decentralised on the mainnet, where no central authority has control of the currency.
In fact, what sets the Pi network apart from other cryptocurrency projects is that it introduces the first ever cryptocurrency that can be mined from regular smartphones via a free smartphone app. There are questions about the legitimacy of the PI network programme, some clues would lead one to believe that it is legitimate.