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Is Pi Network A Scam? (2024 UPDATE)Pi is a network of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem. The Pi Network cryptocurrency can be mined by anyone who has installed the associated app on their mobile phone. Moreover, the mobile device. It is a Proof-of-Work cryptocurrency, meaning users can mine Pi coins by completing simple tasks on their smartphones. Pi Network is not yet available to trade.