Cryptocurrency Q&A
Is Pi a cryptocurrency?
Is Pi a cryptocurrency?
Martino
Sun Jun 23 2024
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7 answers
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I've been hearing a lot about the so-called "Pi" network lately. It seems to be gaining quite a bit of attention in the cryptocurrency community. But my question is, is Pi truly a cryptocurrency? I understand it's based on a mobile mining model, but does that alone qualify it as a legitimate digital asset? I'm curious about its underlying technology, market adoption, and if there's any potential for long-term growth. Clarifying this would help me determine if Pi is worth investing in or simply another fad in the crowded crypto space.
7 answers
CryptoChieftain
Tue Jun 25 2024
The question arises: how many users does Pi have? As of April 2024, Pi boasts 10 million KYC-verified users.
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Lucia
Tue Jun 25 2024
This milestone of 10 million users was a crucial target set by the Pi project, as it aimed to reach this number before opening up the full mainnet.
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Pietro
Tue Jun 25 2024
Currently, Pi is not listed on any cryptocurrency exchanges, indicating that the token is not tradeable at this point.
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Martina
Tue Jun 25 2024
The achievement of this target suggests a strong community support and interest in the Pi cryptocurrency.
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Caterina
Tue Jun 25 2024
The Pi project has, however, launched a testnet and an enclosed mainnet, which serves to limit its capabilities and functionality.
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