What is Pi network ?

Pi network is the first Cryptocurrency which came up with the idea of mobile mining.Pi Core Team set out to find a way that would allow everyday people to mine (or earn cryptocurrency rewards for validating transactions on a distributed record of transactions).Bitcoin’s process for updating its record is proven (burning energy / money to prove trustworthiness), it is not very user (or planet!) friendly.Pi Network is based on the ideology of decentralization and financial inclusion. It aims to make cryptocurrency mining accessible to everyday users through mobile devices, unlike Bitcoin and other cryptocurrencies that require high computing power.Hence Pi network shifted it’s working method to trust-based security circle mechanism.As of now in December 2018, Pi publicly listed the mobile app on the major app stores as an alpha prototype that onboarded the initial Pioneers. On Pi Day, March 14, 2019, the original Pi Whitepaper was published, marking the official launch of Pi Network.

Main ideologies behind Pi Network (As it’s white paper) :-

1. Decentralization – Pi aims to create a user driven, decentralized digital currency that isn’t controlled by a central authority, instead which is based on validation of rewards.

2. Inclusivity & Accessibility – It allows anyone with a smartphone to mine Pi coins, promoting financial inclusion.

3. Trust & Social Security – Uses a trust-based security circle mechanism instead of traditional Proof of Work (PoW).

4. Sustainability – Designed to be energy-efficient, unlike Bitcoin mining, which consumes vast amounts of power, bitcoin needs high power mining rigs to generate large amount of hashes.

5. Utility & Real World Use Cases :- The project envisions Pi as a widely used currency for transactions, services, and decentralized applications (dApps).

The Ultimate Step-by-step Guide to Migrate Pi network coins to Mainnet.

Now focussing on main topic, that is migration of Pi network coins.

Step 1:- Open your Pi network application and start the mining by clicking on the mining button to start accessing the app.

Step 2:- Open the menu by clicking the 3 bar menu button.

Step 3:- And click the ‘mainnet’ menu button.

Step 4:- The Balance dashboard screen becomes visible, click on view checklist button.

Step 5:- Verify whether any of the given mainnet checklist option is missed to be completed. After all verification all the list become green.

Step 6:- Now don’t worry, your Pi coins will be automatically transferred from your Transferrable balance to Migrated balance. This process is automatically done by the Pi core team.As of now there are some news that 2nd migration phase is coming which will automatically transfer the balances stucked from months maybe years.

What are the Pi network mainnet checklist processes?

1. The Pi Browser App must be downloaded as well as the Pi wallet mus be created. After creation of wallet the Pass Phrase must be kept secretly stored, Loss of passphrase will cause permanent loss of wallet which can’t be retrieved. Hence store the passphrase safely at 2-3 different locations.

2. Confirm your pi wallet, by confirmation of your pi passphrase in main Pi network App.3. Commit your lockup as your decision, we have firm opinion that lockup should be at minimum that is 2 weeks.

3. Submit your acknowledgement and complete the KYC KYC documents vary by country, different countries have there Own verification documents most of which are available in the Pi network Browser App.Well done 👍 if you have already passed whole mainnet checklist process. All the Pi coins will be automatically transferred to your Wallet without any manual process.

🔴Important things to note, we don’t promote the Pi or we don’t have any promotional post to Pi network or we don’t promise to invest in such program, it all depends on personal decision. Investment in Cryptocurrency are subject to market risks.We only provide guidance, opinion and our view over the upcoming and past projects.

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