Can you convert Pi coins to cash?

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Can you convert Pi coins to cash?

 Can you convert Pi coins to cash?
Image source: © Hisdx15 | Megapixl.com

Highlights:

  • The PI crypto could be mined from smartphones.
  • It claims to have a robust user base.
  • The token is not listed on any decentralized exchange currently.

The PI Coin crypto seems to have created a buzz in the crypto world in recent months. The project has attracted a flurry of crypto enthusiasts towards it while promising a higher return.

In addition, it gained traction due to its claims that it provides innovative services that focus on solving one of the biggest hurdles of the crypto industry, i.e. mining. In general, crypto mining is highly technical and expensive. However, for Pi Coin, the situation is somewhat different from the traditional mining of cryptos.

How to mine Pi Network (PI) crypto?

Nicolas Kokkalis and Chengdiao Fan, both Stanford graduates, started the project. The virtual developer platform enables the users to mine the PI coins through their smartphones.

The project has also gained traction among several climate-focused investors, as it claims to be an environmental-friendly project. Given the serious criticism the crypto has witnessed in recent years due to its impact on climate and huge electric consumption, the project, with claims of being climate-friendly, attracts crypto market enthusiasts.

The users could mine the PI coins by draining the batteries of their smartphones while decreasing the climate impact. The project claims to have a user base of over 30 million.

In addition, the PI Network had also added several other features over time, including the application, a browser, wallet, etc.

The project claims to focus on empowering the masses through economic benefits. Apart from providing a whole Web3 experience, it also aims to deliver security solutions through mobile transactions.

All you need to know about Pi CryptoSource: ©Kalkine Media®; © Hey Jai Studio via Canva.com

Bottom line:

Even though several investors are looking for ways to know the price of the PI crypto, but it is not yet possible for the users as it is not listed on any exchanges. Since its launch, the developers have provided hints that it would be listed on an exchange in the coming time, but this has not yet happened.

However, given a robust user base and a notable rating on several platforms, it has gained several investors while many are creating accounts daily. However, the investors could only cash out the PI crypto once it is listed on any exchange.

So, the investors should wait until the crypto starts trading on any decentralized exchange. As of now, the only utility of the ecosystem is the application's in-app messaging feature, apart from the mining operations.

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