The upcoming Pi coin

[bubu dubu.]

Pi migration to mainnet has begun. This means people can transfer to and from their wallet. Excited to see what the price will start at. Most places have had it priced at .007 cents for the last several months, which would give my roughly 900 coins a dollar value of about 6.

[bubu dubu.]

Just checked this for the first time in months. Many places have the price listed at $50+. However you can't trade it right now, and I would expect when you can, the price to go down quite a bit. I have over 1K coins right now. Would be too good to be true if it was really $50

https://crypto.com/price/pinetwork

[Riley91]

Just checked this for the first time in months. Many places have the price listed at $50+. However you can't trade it right now, and I would expect when you can, the price to go down quite a bit. I have over $1K coins right now. Would be too good to be true if it was really $50

https://crypto.com/price/pinetwork

Yeah that sounds too good to be true, but hopefully it's not far off!

I was ready to be ecstatic if it's worth $1 apiece!

[jffl_commish]

I can't imagine this will be real easy to sell, and the price will probably plummet when it is available. I kind of forgot about it after I got a new phone a few months ago, so only have 320.

[bubu dubu.]

I can't imagine this will be real easy to sell, and the price will probably plummet when it is available. I kind of forgot about it after I got a new phone a few months ago, so only have 320.

My expectations were a couple cents. If it gets to a $1 like Douglas said, I'll be ecstatic. If it debuts around the $50 range that its listed at now, I'll be over the moon. I have approximately 1132 coins right now. The majority of those are locked up for 3 years though. I'm guessing the majority of people holding a high amount of coins have them locked up for 3 years so they could boost their mining rate, which would make supply scarce at the beginning. If demand is big with a scarce available supply, then maybe it could blow up.

[ForCaleb]

I can't imagine this will be real easy to sell, and the price will probably plummet when it is available. I kind of forgot about it after I got a new phone a few months ago, so only have 320.

My expectations were a couple cents. If it gets to a $1 like Douglas said, I'll be ecstatic. If it debuts around the $50 range that its listed at now, I'll be over the moon. I have approximately 1132 coins right now. The majority of those are locked up for 3 years though. I'm guessing the majority of people holding a high amount of coins have them locked up for 3 years so they could boost their mining rate, which would make supply scarce at the beginning. If demand is big with a scarce available supply, then maybe it could blow up.

I did the 3-year lock as well.

Question, I'm on the mainnet checklist and I'm stuck on step 5 (Submit your KYC Application). It won't let me select "start". Is this even available for users yet or am I missing something?>

[bubu dubu.]

I can't imagine this will be real easy to sell, and the price will probably plummet when it is available. I kind of forgot about it after I got a new phone a few months ago, so only have 320.

My expectations were a couple cents. If it gets to a $1 like Douglas said, I'll be ecstatic. If it debuts around the $50 range that its listed at now, I'll be over the moon. I have approximately 1132 coins right now. The majority of those are locked up for 3 years though. I'm guessing the majority of people holding a high amount of coins have them locked up for 3 years so they could boost their mining rate, which would make supply scarce at the beginning. If demand is big with a scarce available supply, then maybe it could blow up.

I did the 3-year lock as well.

Question, I'm on the mainnet checklist and I'm stuck on step 5 (Submit your KYC Application). It won't let me select "start". Is this even available for users yet or am I missing something?>

you must be missing something. I've been registered for several months now.

[Riley91]

My expectations were a couple cents. If it gets to a $1 like Douglas said, I'll be ecstatic. If it debuts around the $50 range that its listed at now, I'll be over the moon. I have approximately 1132 coins right now. The majority of those are locked up for 3 years though. I'm guessing the majority of people holding a high amount of coins have them locked up for 3 years so they could boost their mining rate, which would make supply scarce at the beginning. If demand is big with a scarce available supply, then maybe it could blow up.

I did the 3-year lock as well.

Question, I'm on the mainnet checklist and I'm stuck on step 5 (Submit your KYC Application). It won't let me select "start". Is this even available for users yet or am I missing something?>

you must be missing something. I've been registered for several months now.

My app shows 8 steps for "migrate to mainnet" and KYC was step 6 or 7 I think. Mine are all green/complete!

[salamander]

I'd like to jump in but I don't know how to add people to the security circle. Just started though.

[jffl_commish]

I'd like to jump in but I don't know how to add people to the security circle. Just started though.

Yeah, I'd add more if I could figure that part out too.

[salamander]

Can someone explain what the "lockup mining bonus" does? I know it boosts your mining rate but what happens to the pi I've locked up?

What are the pros and cons of pi being locked up?

[bubu dubu.]

Can someone explain what the "lockup mining bonus" does? I know it boosts your mining rate but what happens to the pi I've locked up?

What are the pros and cons of pi being locked up?

When locked up, you cant do anything with them. That includes when they are available on exchanges. The benefit to locking up is that it gives you a boost in your mining rate. The negative is that you can't do anything other than hold.

I recently lowered my lock to 2 weeks (from 3 years). I want to have a good amount ready to go if its hot on debut.

[salamander]

Can someone explain what the "lockup mining bonus" does? I know it boosts your mining rate but what happens to the pi I've locked up?

What are the pros and cons of pi being locked up?

When locked up, you cant do anything with them. That includes when they are available on exchanges. The benefit to locking up is that it gives you a boost in your mining rate. The negative is that you can't do anything other than hold.

I recently lowered my lock to 2 weeks (from 3 years). I want to have a good amount ready to go if its hot on debut.

Ok, so I can lock it up and then change the length of time all future locked pi is locked for? Locked pi that was set on three years is permanently locked for that three years I assume.

[jffl_commish]

How do we get each other added so we can make more?

[bubu dubu.]

How do we get each other added so we can make more?

ForCaleb and I tried to do this together. Unfortunately, we would need each other's phone numbers, which many here probably wouldn't be comfortable with

[jffl_commish]

How do we get each other added so we can make more?

ForCaleb and I tried to do this together. Unfortunately, we would need each other's phone numbers, which many here probably wouldn't be comfortable with

Yeah, that's kind of a bummer.

[salamander]

So this whole KYC thing where I have to give them my drivers license # and other information.
Has everybody done that? Seems really sketch to me.

[bubu dubu.]

So this whole KYC thing where I have to give them my drivers license # and other information.
Has everybody done that? Seems really sketch to me.

seemed sketchy to me too, I did it over a year ago. KYC stands for "know your customer". Its law set by the fed that protects against anti-laundering and anti-fraud. Your bank takes this info, if you have a brokerage account, that institution takes that info, if you own mutual funds, 401K, traditional IRA, ROTH IRA, non-qualified funds, etc...etc...that institution has that info. The hesitation people have is understandable....this isn't exactly black rock, or fidelity, or thrivent that when they ask for that info, its not really taken into consideration, you just do it, but it is necessary for them to be legit.

Source is me. I have my series 7 and 66. I wouldnt say this necessarily makes it legit, but it is necessary to be legit.

[bubu dubu.]

Can someone explain what the "lockup mining bonus" does? I know it boosts your mining rate but what happens to the pi I've locked up?

What are the pros and cons of pi being locked up?

When locked up, you cant do anything with them. That includes when they are available on exchanges. The benefit to locking up is that it gives you a boost in your mining rate. The negative is that you can't do anything other than hold.

I recently lowered my lock to 2 weeks (from 3 years). I want to have a good amount ready to go if its hot on debut.

Ok, so I can lock it up and then change the length of time all future locked pi is locked for? Locked pi that was set on three years is permanently locked for that three years I assume.

correct. All coins mined are locked for the duration you had in your settings when you mined them.

[salamander]

So this whole KYC thing where I have to give them my drivers license # and other information.
Has everybody done that? Seems really sketch to me.

seemed sketchy to me too, I did it over a year ago. KYC stands for "know your customer". Its law set by the fed that protects against anti-laundering and anti-fraud. Your bank takes this info, if you have a brokerage account, that institution takes that info, if you own mutual funds, 401K, traditional IRA, ROTH IRA, non-qualified funds, etc...etc...that institution has that info. The hesitation people have is understandable....this isn't exactly black rock, or fidelity, or thrivent that when they ask for that info, its not really taken into consideration, you just do it, but it is necessary for them to be legit.

Source is me. I have my series 7 and 66. I wouldnt say this necessarily makes it legit, but it is necessary to be legit.

Ok, that makes sense. A little less weird now with the explanation but still a little scary.