5% of the rewards of this post are for @steem.amal
![1000045082.jpg](https://cdn.steemitimages.com/DQmQCKKNuqC4iB5Ei3ZNV1NHLXjMDmNtHBimnnKRMZ9eF5T/1000045082.jpg) _{(Chart by TradingView)} *TL;DR: Pi is a new cryptocurrency that can be mined on our mobile phones. To join and start mining and earning Pi [follow this link](https://minepi.com/puncakbukit) and use the invite code "puncakbukit".* Pi Network (PI) is a cryptocurrency project designed to enable cryptocurrency mining and participation via a mobile-first strategy. Its objective is to broaden access to crypto. The Ultimate Moving Average currently indicates a bearish trend for Pi Network. A key technical distinction of Pi Network is its mobile-centric consensus mechanism. In contrast to traditional cryptocurrency mining, it does not require specialized hardware. The SuperTrend indicator is presently showing sell signals. Pi Network is notable for its innovative approach to energy-efficient, mobile-first "mining." This method aims to make cryptocurrency more accessible to a wider audience. ### About Pi Network (PI) Pi Network (PI) is a novel cryptocurrency project that aims to democratize access to cryptocurrency mining and participation by leveraging a mobile-first approach. Unlike traditional cryptocurrencies like Bitcoin that rely on energy-intensive Proof-of-Work (PoW) consensus mechanisms requiring specialized hardware, Pi Network utilizes a variation of the Stellar Consensus Protocol (SCP). This allows users to "mine" Pi coins simply by engaging with a mobile application daily, with minimal battery consumption and no need for expensive mining rigs. One of Pi Network's core technical differentiators lies in its **mobile-centric consensus mechanism**. While not true mining in the PoW sense, users contribute to the network's security and integrity by performing a simple daily check-in within the app. This activity, combined with a user's "security circle" – a group of trusted users they identify – forms a "Trust Graph" which enhances the network's decentralized security model. Each user's participation in this trust-based network indirectly contributes to the validation of transactions. Another unique feature is its **community-driven growth and user roles**. Pi Network fosters engagement through various roles: * **Pioneers**: Everyday users who initiate daily mining sessions. * **Contributors**: Users who build "security circles" by identifying trusted individuals, thereby helping to secure the network. * **Ambassadors**: Users who invite new members, expanding the network. * **Node Operators**: Users who run the desktop-based node software, contributing to transaction validation and maintaining the network's decentralized infrastructure. The project emphasizes a **zero financial entry barrier**, allowing anyone with a smartphone to participate without upfront investment, contrasting sharply with the high capital requirements of traditional crypto mining. This inclusivity is central to Pi Network's vision of creating a widely distributed cryptocurrency and an accessible decentralized application (DApp) ecosystem. While Pi Network was in an "Enclosed Mainnet" phase, it limited transactions to within its approved apps. Now, the project has been in a full "Open Mainnet" and enabled external connectivity and broader utility. Recent developments also include the introduction of an **AI application platform (Pi App Studio) powered by Generative AI capabilities** and **Ecosystem Directory Staking**, allowing users to stake Pi tokens to support and promote apps within the ecosystem. These features aim to expand the utility of Pi coin and foster a vibrant, community-driven Web3 environment. In summary, Pi Network stands out for its innovative approach to mobile-first, energy-efficient "mining," its social trust-based security model, its focus on community-driven growth, and its ambitious plans for a decentralized DApp ecosystem integrated with AI, all designed to make cryptocurrency accessible to a global, non-technical audience. **However, it is crucial to address the prevalent "Global Consensus Value" (GCV) scams associated with Pi Network.** Certain segments of the Pi community have propagated an unofficial "GCV" of $314,159 per Pi coin, often derived from the mathematical constant Pi (π) multiplied by 100,000. This highly inflated valuation is not endorsed by the Pi Core Team and lacks any fundamental economic basis or market support. Despite the Open Mainnet launch, where Pi can be traded, its market price remains significantly lower, typically in the range of a few US dollars or less. Users should be extremely cautious of any claims or individuals promoting transactions or investments based on this exorbitant GCV. These promotions often lead to attempts at defrauding users of their Pi coins or other assets. Real-world value for any cryptocurrency is determined by market supply and demand, utility, and exchange listings, not by arbitrary community-derived consensus values. Always verify information from official Pi Network channels and exercise extreme due diligence to avoid falling victim to GCV-related scams. **Disclaimer:** This is not financial advice; all information is for educational purposes only, and you should do your own research and consult a licensed professional before making any investment decisions. Assisted by https://gemini.google.com/. See also: * [Reversteem: merges the strategic thrills of classic Reversi with the decentralized power of Steem blockchain, letting you duel friends through blockchain-recorded games](https://steemit.com/reversteem/@reversteem/reversteem-merges-the-strategic-thrills-of-classic-reversi-with-the-decentralized-power-of-steem-blockchain-letting-you-duel) * [@steem.amal: Charity At Your Fingertips](https://steemit.com/hive-159906/@puncakbukit/steem-amal-charity-at-your-fingertips) * [Maximize curation rewards: follow our trail! Maksimalkan reward kurasi: ikuti trail kami! トレイルをフォローし、キユレーション報酬を最大化！](https://steemit.com/hive-175254/@puncakbukit/maximize-curation-rewards-follow-our-trail-maksimalkan-reward-kurasi-ikuti-trail-kami) * [Pi Network - Crypto Pertama Yang Dapat Ditambang Di Ponsel](https://steemit.com/pi/@puncakbukit/pi-network-crypto-pertama-yang-dapat-ditambang-di-ponsel) * [Piネットワーク — スマートフォンでマイニングできる最初の暗号通貨](https://steemit.com/pinetwork/@puncakbukit/pi)