[fname],
Pi coin is a new cryptocurrency by Stanford PhDs you can mine it by your smartphone because it is based on a new technology you open the app once a day at the same time and press an icon so a signal is sent to a server that do the logarithmic equation so it doesn't need an expansive platform for mining as bitcoin does.
Pi network is essentially a cryptocurrency that can only be mined or mined with phones. This is a new type of digital mining without consuming CPU resources. Compare other mining apps like Electroneum (ETN) that use the device's CPU to decode the algorithm.
Pi network differs from some cryptocurrencies in that they have been created from scratch and pre-mined. Pi network commenced operations on March 14, 2019 and is exploited as a free, mobile-friendly mobile application.
When mining on the Pi network app, you are simply assigned a set amount of coins per hour, so your phone doesn't have to do any resource-consuming computing tasks.
Pi Network community is becoming more and more powerful, up to now it has passed 6 million users and in the future Pi Network can reach 10 million users quickly. Amazing, right?
However, the distribution of Pi coins will be based on a 10-fold increase in the base user and the mining speed will be halved. Thus, those who enter earlier have a significant benefit compared to those who are late.
As of August 2020, the application has amassed more than 10 million members.
So how to earn Pi coin?
Very simply, you just need a smartphone and download the Pi network app to your device. You cannot register without an invitation code, so feel free to use the code "soji08" (w/o the quotes, and that '0' in code is a numeral.) when you sign up at this link:
https://minepi.com/soji08Click to Earn Credits
