π coin, also called pi coin, is a virtual digital currency. It is actually too early to say whether pi coins are legal. Because pi coins are free to mine, you don’t need to pay money, everyone can mine them, and there is no mainnet and no trading. No one came up with any money, and almost no one was deceived because of this. But everyone should understand that as soon as transactions start and money is involved, someone will definitely be deceived and harvested because of this. At that time, whether it is legal or not is worth discussing. According to notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by a monetary authority, does not have legal and compulsory monetary attributes, is not currency in the true sense, does not have the same legal status as currency, and cannot be It should not be used as currency in the market, and citizens’ investment and trading in virtual currencies are not protected by law.
The design principle of PI coin cannot circumvent the pyramid scheme nature of attracting people
I saw that there are a lot of promotional copywriting in the circle of friends, and all kinds of cakes are drawn because it is to attract people
If you don’t attract people, you can’t increase your own mining Mining speed cannot attract more novices into the pit
As explained by BlockBeats, the mining speed of PI coin consists of several parts: basic speed + Contributor (B safe connections) + Ambassador (N invitations) The maximum number of people active) B is 5, while N is maximum unlimited. The daily mining speed is composed of three parts. The first part, Pioneer is the base speed, the same for everyone. In the second part, the capital disk website, Contributor needs to mine for three days to unlock. The calculation formula of the speed bonus is: number of safe connections x basic speed x 20%, and the upper limit of the number of safe connections is 5. When you register for the first time and fill in the invitation code, you can get a safe connection. The rest can be obtained by inviting new friends to join. The third part, Ambassador, represents the invitation reward. The more people you invite, the higher the speed bonus you will get (the invited people need to participate in mining normally to increase the speed bonus, that is, active shown in the picture, represents how many people there are is a lively state). The calculation formula is: number of active invitations x 25% x (first part speed + second part speed). Similarly, if you fill in the invitation code when registering, you can get 1 active invitation number (provided that your inviter is active). If you want to increase the number of active invitations, you need to continue to invite new friends to join through your own invitation code. In the second part, the number of people is limited to 5. In the third part, the more people you recruit, the higher the income, which is an extremely obvious nature of attracting people! Bitcoin does not have this rule. In current currency circle projects, there is no fund scam. Make good use of the nature of MLM.
It is precisely because of this MLM mechanism that the phenomenon of PI coins being wildly promoted in the circle of friends appears.
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