I posted about this before and I happen to stumble across another news about the Pi Network.
Currently, the Pi networks is still allowing its users to mine coins by using their mobile phones for free. It was said that the mining will be stopped after the network reaches a certain milestone but until now the mining is still in place so will it ever stop?
Here's another explanation on how the Pi network works:
Pi Network (PI) is an unreleased cryptocurrency resembling a multi-level marketing scheme. Officially, Pi Network enables users to mine its (unreleased) cryptocurrency on their phones. According to Pi Network, this allows the community to build the “world’s most inclusive peer-to-peer marketplace, fueled by the world’s most widely used cryptocurrency.”
- by The coin Pope
This is how the Pi network app looks like and users will just have to click on the "electricity icon" on the right to start mining the coin. Mining stops after 24 hours and you will need to click it again in order to start it. I do this everyday lol (coz what do I even have to loose? they ain't asking for any money so I might as well try)
But, of course a lot of people are saying that this is just one big of a scam and that they just want to get private information from the users.
