What is a pi coin?

The central bank does not recognize pi currency, and it does not recognize any virtual form of digital currency that is not issued by the state. China prohibits digital currency from trading, but there are still many China people trading in digital currency. Financial departments such as the China Municipal Government and the Central Bank issued the Announcement on Preventing the Financing Risks of Token Issuance, which explicitly restricted the transactions related to digital currency.

Pi, created by Stanford University doctoral team. Virtual currency that can be "mined" on mobile phones. Compared with digging bitcoin, you need enough mining machines, and the way to dig coins is very simple. You need to send a coin-operated App to mine for free.

Yu Jianing, the rotating chairman of the Blockchain Professional Committee of China Communication Industry Association, reminded investors that a few frauds wearing the cloak of blockchain will set a very low threshold for users in the early stage, with simple operation and low capital threshold (free), and promote the popularity of the project through the "head-up" reward model and a lot of publicity. At the beginning, the project party essentially built a multi-level distribution system. In the second stage, the project announced that virtual currency can be transferred or traded, and there is the possibility of capital circulation. Therefore, the risk of investors will be greatly increased when looking for opportunities to sell virtual currency in large quantities.

Yu Jianing summed up four "lightning" ways for investors: First, be wary of risk-free and high-return blockchain projects. The price of encrypted assets frequently rises and falls, and in extreme cases, empty currency may return to zero. The second is to avoid projects that are realized through "pulling people's heads" and multi-level rebates. This pyramid scheme is extremely risky.

The third is to learn to look at the open source program of GitHub. You can find its parameters and operation mode on the blockchain browser, as well as all the accurate information about the circulation, circulation and transfer records of assets. Fourth, blockchain projects that use over-the-counter transactions or specific exchange transactions need to be carefully screened, and it is very likely that prices are highly manipulated and cannot be charged freely.

With the help of Bitcoin and dogecoin's myth of making wealth, various names of "digital currency" can be described as "eight immortals crossing the sea, each showing his magical powers". A kind of coin delivery (Pi) that claims to be able to "dig coins" with mobile phones has recently caught fire in the circle of friends. Weibo and WeChat friends circle can see the news of "pulling people's heads" everywhere.

Most apps in the currency circle can be downloaded in the mobile phone application market relying on overseas id. Borrowing someone else's ID may upload files from your mobile phone. These virtual currency apps may also upload users' privacy information during use, so that users' privacy can be streaked in the online world.