The origin of a product has an impact on its adoption or use. In marketing, people talk about the “country of origin effect.” There are many people who buy products based on where they are manufactured. For instance, goods produced in first world countries such as Britain and America sell more than those manufactured in third world countries such as Zimbabwe and Mozambique.

Do not put much focus on examples of the third world countries- Zimbabwe and Mozambique. I live in Zimbabwe and I normally travel and stay in Mozambique. I have put them here as illustration only.

Now back to our discussion. I was talking of the country of origin effect. It really has an impact. I want to link this illustration to the Pi cryptocurrency. Many people have put their trust in it because it was developed by Stanford University. What’s your take?

Basic information: Graduates from the Stanford University developed the Pi coin with the aim of making it accessible to the common people. These guys collaborated with the Stanford University cryptocurrency community.

The first way which the developers want Pi to benefit the common people is its ease of mining process. Anyone with a smart phone can install the Pi mining application and mine it, for free. The coins are stored in the application until the time of use.

Second, the Pi developers intend to create a peer-to-peer market place for goods and services, making it very easy for the Pi holders to carry out transaction with one another. This will increase the value of the coin.

My first point about country of origin is very important. In this regard, the developers are from a reputable University, implying that its coin is of high grade. Which of course is true. I currently, mine it on my phone with ease.

Imagine just seeing coins accumulating in your phone application. The good thing is that the phone continues to mine the coin, even when it is off. When it is on, the mining process does not interfere with the functions of the phone. It does not slow down its performance. It does not use the battery power. So you see!

Also, the mining process does not use any internet data. It is complete free. So, if you want to mine Pi coin, simply install the application and start earning your coins. Another plus is the mining instructions. Unlike faucets where you have to give hourly instructions, you only give the instruction once in 24 hours, making it user friendly.

The earning process and capacity

When you start mining, you have your daily rate. However, with time the amount of Pi coins you mine increases. This happens when you invite other people to join your circle. In this regard, you become an ambassador or contributor. For every person you invite to join your mining rate increases by 25%. This applies only when the person is currently mining.  

What is the value of the Pi?

Well, currently the value is zero because it is not listed nor tradable. Trading of the coin will start in the third phase. Now, we are in the first phase. This also means that you cannot withdraw the coin. You simply store it in your phone.

Does the current zero value of the Pi affect you? It should not. That is the truth. Why? As a fact, learn from the story of the bitcoin. In 2008, the bitcoin had no value.  However, about 10 years down the line it has a value of over $40 000. That is amazing.

Honestly speaking, I think the Pi is a cryptocurrency of the future because its adoption process is smooth. Secondly, it is in the reach of everyone.

Anywhere, even if it fails what’s the hack about it?  You would have not paid any cent to mine it. So what are you afraid of? Afraid of trying? The important thing now is faith and trust in the coin and its developers and its mission.

Now imagine that the Pi’s value in five years becomes $20 000 and you got it for free. How will you feel?  Your answer is as good as mine. That is why you should mine it now.

For additional information on the Pi coin read this article: Pi Mining

For registration process, visit this page: Instructions