The 3 Best Ways to Earn Rewards with Pi Network Cryptocurrency (English Version)

Cryptocurrencies have taken the financial world by storm in the last decade. Bitcoin, Ethereum, and many others have gained popularity and value in a relatively short period of time. However, most traditional cryptocurrencies require a significant initial investment in hardware or financial capital to earn significant rewards. This leaves many people out of the game. But what if you could earn cryptocurrency without investing money? That's the premise behind Pi Network, a cryptocurrency that has been gaining traction since its launch in 2019. In this article, we will explore the three best ways to earn rewards with Pi Network cryptocurrency.

What is Pi Network?

Pi Network is a relatively new cryptocurrency that is in its development and testing phase. It was created by a team of developers led by Dr. Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip, all graduates of Stanford. The idea behind Pi Network is to make cryptocurrency more accessible to the general public and allow people to earn rewards without the need for significant investment in hardware or money.

Unlike traditional cryptocurrencies like Bitcoin or Ethereum, Pi Network does not use a proof-of-work (PoW) or proof-of-stake (PoS) system to validate transactions and create new blocks on its blockchain. Instead, it uses a virtual "mining" system that allows users to earn Pi simply by using an app on their mobile devices.

1. Mining Pi Network

The primary way to earn rewards with Pi Network is through the process of virtual "mining." Although it is not mining in the traditional sense of cryptocurrency, it works in a similar way. Here is a detailed description of how it works:

Download the Pi Network app

To start earning Pi, you first need to download the Pi Network app from your mobile device's app store. The app is available on both iOS and Android devices, making it accessible to most people.

Registration and account creation

Once you have downloaded the app, you need to register and create an account. This is quite straightforward and usually requires only a username and password. Additionally, to ensure the authenticity of accounts and prevent fraud, the Pi Network requires users to be invited by existing users. This helps build a trusted network from the beginning.

Start the mining process

Once you have created your account and have been invited by another user, you can start mining Pi Network. Simply tap the mining button in the app, and your account will start accumulating Pi. You do not need to keep the app open at all times; you just need to open the app and tap the mining button once a day to confirm that you are still active on the network.

Increasing mining speed

One of the key strategies to earn more Pi is to increase your mining speed. This can be achieved by inviting friends and family to join the network using your personal invitation code. The more members your guest network has, the faster your mining process will be. Additionally, completing tasks and answering security questions in the app can also increase mining speed.

The importance of the security team

Pi Network takes the security of its network very seriously. Users must complete a series of security questions in the app to ensure there are no fraudulent accounts. Additionally, the network has a team of moderators and reviewers who monitor suspicious activities and take action in case of violations.

2. Build Your Guest Network

One of the most effective ways to earn rewards with Pi Network is to build a strong guest network. As you invite more people to join the network using your personal invitation code, your mining speed will increase significantly. This is because each member of your network contributes to the Pi mining process.

Share your invitation code

To invite others to join Pi Network, simply share your personal invitation code with them. You can do this through text messages, social media, email, or any other method you prefer. The more people join through your invitation code, the more rewards you will earn.

Build a strong network

It's not just about inviting many people; it's about building a strong network. The more committed your guests are to the network, the more benefits you will receive. Encourage your guests to complete their profiles and answer security questions to increase their commitment to Pi Network.

Collaboration and teamwork

In addition to inviting friends and family, you can also join online groups and communities dedicated to Pi Network. By collaborating with other community members, you can build an even larger network and increase your rewards.

3. Participate in Events and Promotions

Pi Network regularly organizes events and promotions that offer users the opportunity to earn additional rewards. These events can range from referral contests to social media engagement challenges. Participating in these events can be an excellent way to boost your Pi rewards.

Stay Informed

To make the most of Pi Network's events and promotions, be sure to stay informed. The app and Pi Network's social media channels often announce these events in advance, so keep an eye out so you don't miss any opportunities.

Actively Participate

Once you know about an event or promotion, actively participate in it. Meet the requirements and rules set for a chance to earn additional rewards. Some events may require you to invite a specific number of people or perform certain activities in the app to qualify.

Engage with the Community

In addition to Pi Network's official events, the community often organizes its own events and competitions. Joining these events and engaging with the community can be another way to earn extra Pi rewards.