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Shiraverse

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Home/Pi Network/Page 15

Tag: Pi Network

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link https://minepi.com/Shiraverse and use my username Shiraverse as your invitation code.

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Shiraverse Latest Questions

Raju Kumar
Raju Kumar
Asked: 1 year ago

Who is behind Pi Network?

Pi Network was founded by Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip, who are Stanford graduates with expertise in computer science and blockchain technology.

CryptocurrencyCryptocurrency MiningPi Network
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Raju Kumar
Raju Kumar
Asked: 1 year ago

How is the systemwide base mining rate adjusted in Mainnet?

Unlike in the pre-Mainnet phase, the systemwide base mining rate (B) in Mainnet is not constant across all Pioneers. It is calculated in real time and dynamically adjusted based on a yearly supply cap. This adjustment ensures that the total ...Read more

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Raju Kumar
Raju Kumar
Asked: 1 year ago

Can I receive Pi through an airdrop in the future?

Currently, Pi Network has no plans for an airdrop. Pi is primarily distributed through the mining process within the app. Any future distribution methods will be communicated through official Pi Network channels.

CryptocurrencyCryptocurrency MiningPi Network
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Raju Kumar
Raju Kumar
Asked: 1 year ago

How does Pi Network mining work?

Pi Network allows you to mine Pi on your mobile device without draining your battery. By pressing a button in the app once every 24 hours, you can contribute to the network’s security and earn Pi tokens.

CryptocurrencyCryptocurrency MiningPi Network
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Raju Kumar
Raju Kumar
Asked: 1 year ago

What is the role of KYC in Pi Network?

Pi’s Know Your Customer (KYC) solution is essential for ensuring fairness, securing the blockchain, maintaining ecosystem integrity, and empowering real people while disempowering malicious actors, bots, or free riders. KYC helps build collaboration within the network by verifying user identities.

CryptocurrencyCryptocurrency MiningPi Network
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Raju Kumar
Raju Kumar
Asked: 1 year ago

Who is Dr. Nicolas Kokkalis?

Dr. Nicolas Kokkalis is the Head of Technology at Pi Network. He holds a PhD from Stanford and has taught Stanford’s first decentralized applications class. His work focuses on combining distributed systems and human-computer interaction to make cryptocurrency accessible to ...Read more

CryptocurrencyCryptocurrency MiningDr. Nicolas KokkalisPi Network
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Raju Kumar
Raju Kumar
Asked: 1 year ago

Will there be smart contracts on Pi Network?

Yes, Pi Network plans to implement smart contracts to facilitate automated and trustless financial transactions within its DeFi ecosystem.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What should I consider before investing time in Pi Network?

Before investing your time in Pi Network, consider:The current and future potential value of Pi. The time and effort required to mine Pi daily. The reliability and credibility of the Pi Network project. Potential risks and uncertainties in the cryptocurrency market.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What factors influence the app usage reward?

Time spent in apps: The formula rewards more time spent, but with diminishing returns to prevent exploitation. Diversity of apps: Using multiple diverse apps is incentivized to encourage the creation of a variety of utilities. Recent usage: Recent time spent on apps ...Read more

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What are the components of the lockup reward formula?

Lt (Lockup Time period multiplier): This multiplier depends on the duration of the lockup, ranging from 0 for no lockup to 2 for a 3-year lockup. Lp (Lockup Percentage multiplier): This multiplier is based on the percentage of Pi locked up, ...Read more

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