There are several reasons why the Pi coins are unique. Its innovative technology enables mining money, the first digital currency that can be done from a phone. It is also affordable, enjoyable, and stress-free. Despite its extreme uniqueness and unusualness, Pi is now unavailable everywhere.
The Pi coin hasn’t been published on any international or Indian cryptocurrency exchanges. Therefore, the only way for someone to receive one is by mining.
This is a comprehensive read about how the Pi network works and where to find Pi coins in India.
What is Pi Coin?
The Pi coin is a contemporary currency that is simple to mine, even with a smartphone. The main cryptocurrency that uses the Pi network is Pi coin or PI. With the help of this network, users may mine Pi coins right from their cellphones, eliminating the necessity for pricey graphics processing units and infrastructure.
The Pi coin is controlled and governed by a social group rather than a government, much like any other digital currency. The network is currently undergoing testing in phase two and is anticipated to be deployed completely in phase three.
Unlike cryptocurrencies, the Pi network is based only on a process called the “stellar consensus protocol,” which enables users to benefit from their contributions to the network.
As the Pi coin has not yet been published in any cryptocurrency or non-crypto exchange, it is truly not available for purchase in India or anywhere else. Pi coins are readily acquired and are exclusive to mining.
The Pi money is mined or earned through the network program, which is widely utilized by users who click a button once a day. To do this, the user joins the application by obtaining a code from a member. The Pi platform also has a referral program that allows a user to earn more money if several new users sign up.
Pi Network Price
Since the Pi coin has yet to be formally introduced on any cryptocurrency platform, its true value is almost zero. As a result, there is no historical performance data available.
Currently, the Pi network’s highly accessible blockchain technology and strong incentive system enable people to mine cryptocurrency. However, Pi currency, which has no actual value, is now used to reward the miners.
The Pi Network website states that when the main net starts in the third phase of its plan, users will be able to withdraw or swap Pi currency for other currencies; however, no official launch date has been provided as of yet.
Where Can I Get Pi Coins in India?
You may still receive Pi coins in spite of India’s strict attitude toward cryptocurrencies, but you won’t be able to swap them until phase 3 of the Pi Network is activated, which should happen shortly.
Users in India must download the Pi coin mobile application from the iOS app store or the Android Play Store to mint or earn a Pi coin. They may mine it with ease using smartphones.
However, you may also simply save the Pi coins in your digital wallet after purchasing them. The Pi coin wallet software, which keeps track of Pi-based transactions, is also available for download by users.
Indian users may purchase Pi Coins using conventional cash or fiat currencies like INR. They can then keep Pi Coins in their wallets.
In addition, Pi coins may be earned by visiting the Pi Network website. Additionally, Pi networks enable considerably faster money transfers between users by using the username from their PI wallet.
Users in India should be aware that Pi Network now advises against connecting to any third-party aggregators or cryptocurrency exchanges, as doing so may harm or cause significant losses for Pi users.
The Pi Network has also requested that the exchange listings be removed to emphasize that Pi transactions through exchanges are strictly prohibited during the confined mainnet time.
After post-phase three is over, Pi coin owners will have total control over their public and private wallet keys and will be able to spend money on products and services on the Pi network’s peer-to-peer marketplace.
Conclusion
Pi coin represents a novel approach to cryptocurrency, offering users the unique ability to mine directly from their smartphones. While its current value is essentially zero due to the lack of official exchange listings, the potential for future growth is tied to the launch of the Pi Network’s third phase. For now, users in India and around the world can only acquire Pi coins through mining within the network, with the hope that the anticipated mainnet launch will unlock its true value. Until then, caution is advised, particularly regarding third-party exchanges, as the Pi Network continues to develop its ecosystem.
