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Is Pi Network Scam or Legit? Should You Mine On Your Phone? Pi Network In Hindi I Neha Nagar Finance - YouTube
Channel: Neha Nagar
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Is the pi network genuine or scam?
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whether to mine pi coin or not?
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off so much confusion.
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Friends, I will try to resolve this confusion for you
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I am Neha Nagar, founder of taxationhelp.in
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I am a content creator, who creates content about
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business and finance.
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I have been asked about whether to join pi network
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in every live session and video comments
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So friends
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To find out whether to join Pi network or not research is required.
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I have done the research for you but you can do it
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just like I have done it
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First I went to the pi network website to know more
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So pi is a network whose cryptocurrency has not been launched.
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Now friends cryptocurrency is launched similar to IPO launch
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then IPO is listed on BSE and NSE and shares are traded.
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Similarly, cryptocurrency has offering so that they can be traded on crypto exchanges
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But pi network has not been launched.
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Now friends
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before the launch the pi coin is mined.
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So I am pretty sure, some friend and relative has told you
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brother
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bitcoin was mined earlier and now bitcoin price is sky high.
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brother
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Pi network is similar to bitcoin and will rise to the same level of
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ethereum and other cryptocurrency.
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So brother, don't miss this opportunity
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start pi coin mining.
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Now these people are trying to extremely influence you because
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they will make you join their network.
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Similar to network marketing, people get commission for
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bringing people in the network with the help of a link or referral,
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in the form of cryptocoins.
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Now friends, if we go to the website
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you will see, this is a cryptocurrency mined with a phone.
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Normally cryptocurrency is mined with the help of
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After that also, hardly
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one dollar, ten dollar, hundred dollar coin are mined.
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But these are are talking that you can earn hundred dollar per day.
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Lets see whether it is true or not by studying the website.
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While reading the Pi white paper, we get to know
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they will also create a application based on Pi network.
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Which is good
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The google is very good
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and thirteen million plus people has downloaded the app
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with high buzz.
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So it is possible, when the cryptocurrency is launched
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the price could reach one dollar because of the hype and
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large number of people connected to the network.
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More people are mining this cryptocurrency
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and the reward while mining is not useful right now
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which means you have downloaded the application and
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completed the KYC and started mining.
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The mining is done by opening the application every twenty four hours
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to click the mine button.
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Mining is done in this way by a simple click.
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Other then that
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to increase you speed and reach next level
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you have to connect more people under you with the referrals.
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More people are connected with your referral in the application,
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more levels you will reach and get more coins.
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The application is free to download and enter
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your mobile number, Facebook ID, email ID to start mining.
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For the coin, you are providing your time and phone,
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it is also possible it may access your data
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as suggested by the news but with unknown sources and was not verified.
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Now the application is running its ads to earn by ad monetization
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with message option which is fine.
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Now the background check of the founder shows
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they are graduated from Stanford with PHD certification.
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Apart from it, the website doesn't look positive.
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Searching on LinkedIn, we found the number of employees are
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seventy plus with positive reviews.
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The profiles were positive.
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But this cryptocurrency or pi network started in 2019
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and was supposed to launch in 2020/2021.
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Now they are saying to launch in 2022
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so the launch date is uncertain and
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until it is not launched, your rewards and coins
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cannot be transferred, exchanged.
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The coin are useless until then
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like you play game in ludo and you get useless coins
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which are stored in the application.
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But when this cryptocurrency is listed on a big exchange
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then it is possible
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you can sell your earned coins from the application
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or exchange with someone
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to convert it into cash but until
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it is not listed it is not useable.
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Friends you remember, in nineteenth century dotcom was in boom
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and everyone made a website
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soon they brought there IPOs to
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accept money from people and then the website would disappear
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with the company.
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Similarly it is possible, cryptocurrency is in boom
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and everyone will produce their own currency with a website
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to raise money from people to disappear.
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That is why you should research before investing in any cryptocurrency.
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So friends to research you should check
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with the number of people involved and volatility check.
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In the Pi network already fifteen million people are connected
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with good google rating, you can use the application,
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but for the data breach, you can use two phones
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one for personal use and another for mining.
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You guys have to wait until the coin is listed in the coin exchanges,
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then only you can use it, before that coins are useless.
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By adding more people in your network
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you can increase your speed to level up and earn more coins.
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The aim of the founders of the coin is to increase
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the number of people connected to the network.
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So they are earning revenue by running ads.
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With so much hype, if they are listed on a big exchange,
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it is possible the price of the coin may touch one dollar.
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So friends, as I have told you cryptocurrency is on boom,
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everyone is making their own currency
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then listing them, some are mining, others are opening exchanges.
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Similarly TCS has also entered in the mining activity.
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Friends
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this cryptocurrency is not launch up till now
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on any crypto exchange but
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more then seventy cryptocurrency are listed on coinswitch kuber platform
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and the link is provided in the description.
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You can click on that link, you can start your
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start your investment journey in cryptocurrency.
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But remember
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Friends please specify the topic on which
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you want the next video to be in the comments.
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To watch the next video, make sure this video reaches
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minimum twenty thousand views.
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Friends, then only next video will be released and it is scheduled on Friday
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So friends we will meet on Friday with a new topic
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Thank you so much
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