by BSC News
March 15, 2022
The protocol celebrates three years in the industry with a new mining mechanism to offer users various mining rewards.
On March 14, Pi Network celebrated its large userbase. With a digital currency that can be mined via an application, the protocol has now recorded 33 million users. In addition, the network launched a new mining mechanism to celebrate the milestone, allowing users to earn more mining rewards.
Following the Pi Day celebration on March 14, Pi Network announced that the new mechanism would offer users the chance to receive mining rewards from numerous activities within the application.
“Announcement. The new mining mechanism is here! Now Pioneers can receive mining rewards through network contributions such as Pi app usage, node operation, and lockup rewards,” Pi wrote on March 14 through Twitter.
Pi Day represents the protocol’s third anniversary in the industry. The new mechanism on top of the large user base shows that the protocol has made solid progress in the Decentralized Finance (DeFi) space. Pi Network also promised more improvements in the future as we anticipate the $PI token’s listing on notable exchanges and its launch on the main network.
“Happy Pi Day 2022! Today and this week we’re celebrating the third anniversary of Pi Network’s official launch by sharing accomplishments and announcements for features releasing today and beyond. Stay glued to Pi Network official channels to stay in the know! #piday2022,” Pi Network promised more features in a tweet on March 14.
Pi Network is to mine Pi on smartphones. It is a simple way to observe the daily accumulation of cryptocurrency rewards, so that people can mine and mine on mobile phones without investment, battery, and traffic. If the project can meet this challenge, Pi has a great chance of success when it is launched on the main network.
Where to find Pi Network:
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Related News
Latest News
6h : 53m ago
Nigeria Appoints Pro-Crypto Leader to Head SEC
9h : 59m ago
BNB Chain Shows Strong Growth in Q1, 2024 Report: Key Details
12h : 1m ago
Ethereum Spot ETFs Is Likely to Face SEC Denial in May: Reports
April 24, 2024
Chainlink Launches Cross-Chain Interoperability Protocol (CCIP) for General Availability
April 24, 2024
Hong Kong Bitcoin and Ethereum Spot ETFs Get Approval to Begin Trading on April 30
April 24, 2024
US DOJ Wants 3-Year Prison Sentence for Binance Co-Founder CZ
April 23, 2024
Binance’s 53rd Launchpool Project: What is Renzo Protocol?
April 23, 2024
Texas' Blockchain Association and the Crypto Freedom Alliance Sue US SEC
More News