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On this page, we are going to discuss about Pi network stock but before we go further on what Pi network stock is, let first talk about pi network and then we will be going deep and deeper into Pi stock.
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Pi network is the first cryptocurrency that can be mined on phone. All previous cryptocurrency need high rate energy that ordinary people cannot afford or to buy in order to mine them.
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What is a Stock?
According to investopedia, a stock (also known as equity) is a security that represents the ownership of a fraction of a corporation.
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A stock is a type of security that entitles the holder a fraction of ownership in a company. Through the ownership of this stock, the holder may be granted a portion of a company’s earnings, distributed as dividends. Broadly speaking, there are two main types of stocks, common and preferred. Common stockholders have the right to receive dividends and vote in shareholder meetings, while preferred shareholders have limited or no voting rights.
Preferred stockholders typically receive higher dividend payouts, and in the event of a liquidation, a greater claim on assets than common stockholders.
Pi Network Relationship With Stock Market
As bitcoin is not directly traded through any stock exchange. However, there are plenty of ways to get bitcoin exposure through the stock market. There are ETFs like the ProShares Bitcoin Strategy ETF (BITO) that seeks to track bitcoin prices, and those ETFs are traded on stock exchanges. Some stocks allow you to invest in bitcoin mining companies or crypto exchanges like Coinbase. There are also bitcoin contracts that trade on futures exchanges. These alternatives come with some benefits and drawbacks compared to holding bitcoin in a crypto wallet.
The reason why Bitcoin was not recognise as a stock market currency yet is because Bitcoin lack the features of real currency.
Pi Network Stock
There’s a strong believe and consensus that Pi Network will be in stock market soon, because Pi Network has every features to be called money in a digital form. Pi π Coin is the only cryptocurrency that is more distributed among people in Nations and it has the fastest transaction rate of less than 70000 per 1sec to 5sec.
Pi is a Green Blockchain with inbuilt web3.0 features. Pi Network is the only cryptocurrency that is built based on utilities (buy and selling).
Seven (7) systems of Pi Coin public chain network:
1. Pi π is a decentralized financial system. 2. Pi π is an international barrier-free secondary payment system. 3. Pi π is the system of trustlessness and self-trust, and the code is the law. 4. Pi π is an international online and offline payment system. 5. Pi π is an operating system similar to Apple and Android. 6. Pi π is a search engine system. 7. Pi π is a versatile business ecosystem that can build digital DAPPs to drive the integration of global trade. Digging for treasure, pie and earning a race against time.