Pi INU: Discover the Pi Network's cryptocurrency meme that has appreciated 300% in days

Pi INU – PINU – is the first currency created from the Pi Network concept. Didn't you understand a lot? So, let's explain, step by step, what this new meme coin is about, which has had an impressive appreciation in recent days – more than 300%!

What is Pi INU coin?

Pi INU is a currency. And a meme. In other words, it is one of the cryptocoins classified as meme coin. Built on the Pi network, it is completely based on the Binance Smart Chain. Because of that, it even carries the name Pi. And, of course, inspired by other cryptos that carry their cute pet dogs with them, Rede Pi has its Poodle as a mascot.

The idea behind the creation of crypto is quite subtle – and even cute. Pi-INU aims to be an amulet, a symbol of good luck, which is linked to the growth of the Pi network. Thus, the meme coin also becomes a link between the Pi network itself and the Binance Smart Chain.

Once the Pi network ecosystem is completed, it will aim to be an intermediary, acting as a facilitator of exchanges or even transfers that should take place on a mutual basis.

Find out more: Early VOXEL Sale at Binance

The Pi network was born with a strategy for the conservation of its memecoin

By trading directly within the Binance ecosystem, memecoin developers seek to avoid severe manipulation of asset prices. Or, even worse, the manipulation that occurs with other cryptos of the same category, such as the Shiba INU or even the Doge Coin.

In this way, any piece of property the initial 0,3 trillion provided to the market by its developers can be bought by fair trade, therefore regulated by its own users. According to white paper released to the market, so the developers themselves determine. Therefore, there will be no sales of large batches just to preserve the value of the asset, which currently has 65 billion blocked at the contract address, in Binance's own blockchain.

Will it be possible to make transactions with the Pi Network?

According to the information provided by the developers themselves, in the website of the project, it will be possible to carry out all the transactions that we are already used to and familiar with. Thus, it will not be necessary to do a lot of juggling to acquire memecoin. However, be warned: the Pi Network has not yet been launched. Therefore, all investments you wish to make in relation to the asset are your sole responsibility. This text is not a purchase recommendation. OK? That said, we went on.

Learn more: Cryptovoxels: The Minecraft of the NFT Universe

Is Pi INU a scam?

At a time when many altcoins appear on the market – and disappear from it in the same way they appear – it is more than essential to be cautious when it comes to new cryptos. Especially when they show such a high valuation in the market and even in such a short time.

The developers claim, however, that all of crypto's principles are in line with the market's own principles. Thus, the value of crypto will increase with the participation of new investors, as it already happens with other currencies.

However, it is always worth saying that the market can also be manipulated and that large purchases can only be made to push – and up – the value of a currency, bringing more and more interested parties to carry out the same feat.

Still, it is always up to us to inform you that this is a common practice in the market – leverage – and that there is nothing wrong with it. The problem arises, however, when suddenly large amounts of the currency are quickly returned to the market. And this only happens, of course, when large whales hold the assets.

Due to this type of movement – ​​and this obvious possibility – it is always important to carefully analyze the shopping books of all the cryptos in which you wish to invest. In this way, it is possible to understand market movements, the way in which the asset is traded and, above all, to be able to prevent possible blows, protecting your assets.

This, that is to say, is far from asserting that each and every meme coin is a scam, or even that this new meme coin is a scam. After all, we are just dealing with strategies for you to protect your investments, your finances and your life as a whole, ok?

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