Soon the new cryptocurrency Pi will be in the market, sources confirmed. What will be the price of Pi in Dollars at the time of launch? Any guesses? Read full to know “how to start mining Pi?”
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What is Pi-Currency ?
Pi is the new cryptocurrency. It is based on Bitcoin but it will have a different kind of network. There will be two different kinds of networks, a Peer-to-Peer network, and a centralized network. The future growth of Pi is really massive because it is going to be used in a lot of different things. One of the big things to watch out for is the research in the new venture.
According to a report from Hedge Daily, the Launch of Pi will take place in December 2021, and the price of Pi in Dollars will depend on the volume of transactions similar to other cryptocurrencies. The market will determine the price. One of the rules for Pi’s launch is that the lowest market price of Pi in Dollars will be determined. So, for the launch, the price will be low because of the volume of transactions.
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Why Pi-Currency ?
Consumers and businesses who were looking forward to the distribution of the new cryptocurrency will get some jitters in the days to come. If you were waiting for Pi as a hedge against inflation, you will have to go over your finances to make sure that it will work for you.
On the other hand, it could be better to invest your money in Pi since in this world inflation and shortage of goods have been giving out prices for certain products below what they really are, adding to the problem. That’s why you need to be aware of the fundamentals about Pi before you decide to invest. Why it’s Different? Pi is a form of ‘private digital currency’ which can be utilized to send payments or as a gift or reward.
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How to get Pi-Currency ?
You can purchase a Pi in your country. The first Pi to be launched will be sold in the United States. There is a three-tier system for the sales of the Pi. There are the developers or people who have already been included in the Maker community; then there are those who have signed up on the Pi blog, and the last group is users who have registered on Pi’s website. Pi allows everyone to learn to design electronics, Arduino and Raspberry Pi aren’t enough, and to get the extra knowledge Pi is required.
The first, second, and third levels will be the mandatory stages of the Pi product. It will also be an online community where people can share their experiences or ideas of hardware design. The makers will have a chance to register for a Pi if they have an open-source project.
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Who is behind Pi-Currency ?
Pi is being developed by a Chinese company called Opencoin that has no connection with the Mt.Gox bitcoin trading. It is, according to several sources, a new type of virtual currency. According to the details of the new cryptocurrency, Pi can be used to pay fees, buy games, receive services in real-time, and sell goods & services indicated by its currency code, PQH. “For more details about Pi and Pi-Currency, visit the PQH official website.
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Conclusion
The stock market as a liquid vehicle of investors exchange and transaction is in its important phase. There is a need for a currency that is both, easy to exchange and easy to store in the financial portfolio of an investor. But more than just physical money, like the US dollar, is the most popular and widely used currency in the market.
A few months ago a Bitcoin was trading at USD 46,064 on the Bitstamp exchange. The digital currency market is indeed huge and expands constantly in the physical and virtual world. Bitcoin was made popular by the strong opinions and innovations of Peter Thiel who declared his strategy at the March 2012 Mobile Monday conference in Miami.
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