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What is p1 Coin (what is pi coin)?

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What exactly is p1 Coin? In the previous article titled \”What is p1 Coin?\”, we

What is p1 Coin (what is pi coin)?

What exactly is p1 Coin? In the previous article titled “What is p1 Coin?”, we introduced a type of “token” that is a utility token. This token can be used as a means of payment, collateral, or investment asset.

Specifically, it can be understood as a form of digital currency or another virtual commodity similar to gold. It can also be referred to as a type of cryptocurrency other than Bitcoin, whose value is tied to fiat currency and held in cash form. These cryptocurrencies can also generate income through mining.

The reason why these types of tokens can make money quickly is mainly due to their scarcity and immutable characteristics.

Therefore, for ordinary users, they are not concerned about the price because their funding volume and cognitive threshold are high. So most people only pay attention to the price and rarely consider whether the project is worth investing in. But as technology develops, some projects will gradually become more mature and attract investors in this field.

So what exactly is p1 Coin? Below, I will provide a detailed introduction to p1 Coin through some of its concepts:

1. What is p1 Coin? p1 Coin has two characteristics: First, it is owned and operated by the community, and this model allows participants to share the contributions to the project. Second, its total issuance is constant and fixed, and will not be infinitely increased like previous ICOs. However, if calculated based on the current market value, p1 Coin may be a great token, even safer than ICOs. In addition, there are many functions that need to be added to the protocol to provide assistance.

2. What are the advantages of p2 Coin? What benefits can p2 Coin bring? Below, I will analyze the basic principles and basic application scenarios of p1 Coin for your reference.

What is pi Coin

According to bitcoinexchangeguide news, pi Coin is a blockchain-based cryptocurrency. It is reported that the PI token was initiated and created by Bitcoin supporter David Chaum. The goal of this project is to establish a decentralized exchange platform (DEX) on the Bitcoin network. According to Coinmarketcap data, as of now, the price of PI has exceeded about $3. In January 2018, the price of pi on Bitfinex reached a historical high of about $4; the average price in 2018 was close to $20,000.

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