FAQS
FAQS
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What is a frequently asked question?
What is a frequently asked question?
How does the Pi app work?
The Pi app allows you to mine Pi cryptocurrency by making diverse contributions to the network. The more you contribute, the more Pi you mine. The app is also the home for your Pi account where you can stay tuned on the network updates and interact with fellow members of the Pi community.
To start mining Pi, check in every 24 hours and hit the lightning button. Once you are mining, you can boost your hourly rate by inviting trusted friends and family to join the community. After 3 days of mining, you can boost your mining rate further by building your security circle, which contributes to the overall security of the network. There are additional ways to mine Pi through Pi lockups, app engagement, and Node operations. Please refer here for details.
What is a frequently asked question?
What is a frequently asked question?
Why is the Pi Referral Team program NOT multi-level marketing?
Why is the Pi Referral Team program NOT multi-level marketing?
Why is the Pi Referral Team program NOT multi-level marketing?
It is not exploitative of the newer members being referred because the Referral Team mining bonus is an equal split between referrer and referee, i.e. both of them mine the same 25% bonus when both are concurrently mining.
There is no fiat money involved in the referral program. New members do not have to pay the referrer any money or pay the project any money to join. Pi is free to be mined by anyone.
The referral bonus only applies to 1 level of referral relationship. This means that the referral-grandchild’s behavior doesn’t affect at all the mining of referral-grandparents.
What is a frequently asked question?
What is a frequently asked question?
Can I transfer my Pi? What is the timeline for transferring Pi?
The network went through three major phases: Bootstrap (3/14,2019 – 3/14,2020), Testnet (3/14,2020 – 12/28,2021) and Mainnet (12/28,2021 – the Present). During the first two phases, transfer of Pi was generally not available across the whole network. In the Mainnet phase composed of two periods—Enclosed and Open Network periods— mainnet migration and transferability became available for individual Pioneers based on the following procedures.
Unverified and unmigrated Pi in the mobile mining app is not transferable. Once you pass identity verification through the KYC (Know Your Customer) process in the Pi KYC app, and thus show that you are who you say you are (which prevents bad actors from accumulating Pi from unverified accounts), you can migrate your mobile-mined Pi balance onto the Mainnet blockchain. Once your Pi balance is migrated to Mainnet, you can send or receive your Pi to and from other Pioneers or to and from a Pi app in return for their goods or services. For how you can use your Mainnet Pi on the Pi ecosystem, see here.
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