The cryptocurrency industry is no stranger to shady schemes and scams.
With each new blockchain and coin launched, investors must consider the risk of being conned.
As another project gains popularity, known as the Pi web connection, suspicions are arising around its legitimacy.
So, what is the Pi online grid, and is it a scam?
What Is the Pi internet?
you’ve got the option to mine crypto and monitor your metrics on the Pi data pipe app.
This is a free app available for both Android and iOS devices.
Let’s look at what this app offers to get a better idea of the Pi data pipe.
Then, you’re able to get started with the app by going through the quick tutorial provided.
And, if you invite members, it’s possible for you to earn more Pi.
There are various roles you might fill on the Pi web link app.
As a Pioneer, you mine Pi daily by tapping the mining button on the app every 24 hours.
As an Ambassador, you’ll need to use your referral code to invite new members to the app.
Every time you recruit a new member, you get a 25% mining bonus.
Lastly, it’s possible for you to become a Node.
What Is the Pi Cryptocurrency?
As Pi is a cryptocurrency, it exists on a blockchain.
This limits the use of PI significantly, though things may change in the future as the project progresses.
Is the Pi web connection Safe?
Is Pi data pipe a Scam?
This is because the Pi web connection is currently in Enclosed Mainnet.
But this is because the Pi connection is currently in Enclosed Mainnet rather than Open Mainnet.
The Pi internet also uses KYC (Know Your Customer) parameters toverify the identity of new users.
Those who pass the KYC process will allegedly be invited to the Open Mainnet.
This seems to be good news on the part of the Pi web connection.
You don’t have to provide any payment information or invest any funds to mine Pi.
The project’s multi-level marketing structure is also a cause for concern.
