your channel is worth it Christian, makes it easier for a lot of people that do not have the time to read through the updates or "us" the lazy ones 😂 keep it up man, im planning on being a long term subscriber. your honesty and not trying to coerce people is what makes your videos likeable🤞
I love your way of communication and and honesty. Salute to you. I believe on pi from day one and you are the best person who explain pi in the best way. I believe your all research. I wish I can shake hand at least once in my life. Hope will see you in London one day. Cheers
Thanks 😊 Means a lot to see that some people really appreciate my content. London isn't that far away, maybe someday when we don't have to deal with COVID restrictions I might manage to finally visit.
first of all congrats to you on the huge amount of PI that you have gotten these past two years. well it's hard to say if i locked it up for three years, coz crypto Bazar is really strange but I can say that holding PI is one of the best decisions that trader can make.
Thanks 😊 I decided to go with 90% lockup for 3 years. Either the project is a success and those Pi should be worth more then, or it fails and it won't matter anyways.
@@ChristianRauchenwald that’s exactly how much I have locked up. Christian I’m pretty dissatisfied with how much pi I have even after mining for nearly a year.
I love how you explained it in a straightforward, honest-to-goodness manner (which I may not fully understand yet until seen on how it translates in reality during mainnet) than the rest of the vids I've seen on Pi. Well done!
Not sure since there is no leaderboard that I know off. I'd expect that some of the earlier pioneers are ahead of me. Also, don't forget most of my referrals aren't active so I won't get more than a fraction of my total balance verified.
Seeing te amount of Pi wallet completely shattered my dream thinking my 250 pi was alot. LOL Not sure wether to feel motivated or demotivated. Guess I'll keep mining. Thank you for being ultra-informative.
Don't get discouraged. 1. Accounts like mine are the exception. 2. As you can see most of my referrals aren't active, so I'll only receive a fraction of those currently 2,600,000 unverified Pi anyways.
So in plain english; Lockup is just telling PI network that "a certain portion of my coins should not be used in transactions for a period specified??". Similar to fixed accounts for banks??? Am I correct with that, anyone help me.
Dude, how do you have so much pi? It looked like you were mining like 260 pi per hour… geez man. I’ve been mining for a couple years now and have a fraction of what you have. Holy cow
My videos about Pi have more than 1,000,000 views combined. So, investing a lot of my time into research and publishing videos is what got me all those referrals.
Don't forget that I also only get the referral earnings from users that are still active and pass KYC, so my actual balance will be much much lower than what's shown on the screen.
@@ChristianRauchenwald What will be better: +230% on 90% for 1 yr. or +463% on 90% for 3 yr. If in 1st year I lockup on 90% for 1 yr. and continue the same in 2nd(1yr)& 3rd (1yr)..is it will be ( 230+230+230)=690% after 3rd year
Some light at the end of the tunnel. The only obstacle before mainnet is doing my KYC and hoping my security circle will pass kyc. I have locked 50 percent for two years. Thanks for the video and I always owe you for introducing such great projects.
Yeah, going to be interesting to see how many people actually pass the KYC verification especially because once the mainnet launches we finally also will get a better idea of the total supply.
Thanks you and as always a very clear explanation of the system. One thing I need to ask is if I decided to lock up 100% for the next 3yrs, I understand I stil HV to press the ⚡button everyday and getting more Pi coins. Those new coins, are they usable right away or going to the lock up also? Kindly advise and thanks so much 🔥⚡
Those new coins are available immediately. You can change the lockup once the mainnet launches and those changed settings should only affect any additional coins you get from referrals that pass the KYC verification later.
@@ChristianRauchenwald That was something I was curious to, are you sure about it, coz if I for example lock up 100% for 3 years I could make back all the Pi I earnd in 2 years in only 4 months, so practically the best choice would be to lock up everything for the maximum amount of time. Sory for the bad speling.
So reading the white paper today, they stated that they will have a max supply of 100 billion pi coin, and that 65% will be mined for those who partake in the process. I see a lot of people throw random numbers for “price predictions” such as $100 or higher, I can’t see due to the supply how that will be possible.
One important question is how much of that supply will be circulating, but even more important, how much each Pioneer is willing to sell their Pi coins for. If nobody would be willing to sell/use their Pi coins for less than $100 then that would be the value of Pi no matter how big the supply. But obv. with more supply it also means that there'll always be some that will be willing to sell for $0.0000001 as well. Either way, the enclosed mainnet should help get a rough idea of how the majority of users value their Pi already before we then will see a definitive value on the open mainnet once Pi gets listed on the first exchange.
So in plain english; Lockup is just telling PI network that "a certain portion of my coins should not be used in transactions for a period specified??". Similar to fixed accounts for banks??? Am I correct with that, anyone help me.
Nice video Christian,but one thing for me most important we still don't know,and that is what will be price value of Pi coin?Did we know Pi price before final lockup or not?Nobody from us don't know what will be Pi price for 1 month and what for 3 years...That is what worry me.What is the best choice?I'm thinking like you to lockup 90% on 3 years,and 10% to use now.
I don't know why everyone is focusing so much on what value Pi will have at launch... really doesn't matter. If Pi manages to create an active community that uses Pi for different things than the value will anyways increase over time as it attracts more users. Therefore, it doesn't really matter what the value at launch is going to be IMHO.
Hi Christian. I have been mining with my group for a year. on the six steps. 1. do i have to download the app again as I am mining on it already. 2. Do i have to download browser again with my test wallet. Will my test wallet become Mainet wallet with my passphrase and wallet ID I have from my test wallet. Great channel. Pity Pi has no support videos to help. I have lost some on group who lost their app and did not know how to get back. No info from Pi. Thanks for all info we follow on your channel.
No need to download anything again. As for the wallet, I assume that your test net wallet will turn into the mainnet wallet, but if not you'll for sure have an option to create a new mainnet wallet. Yeah, Pi could've done much better in terms of marketing and support content. You can see that the majority of my referrals also already "gave up" which is a huge pity for me and for them. Anyways, take a look at the new checklist that's on the homescreen right now :)
@@ChristianRauchenwald Hi Christian. Thank you and for your channel once again. I have two members in my secure group who got new phones, (same numbers not new,)downloaded the app and put in username and password. The app started but it went back to mining from 1 Pi. Thy have lost all their Pi and are angry as have been mining and verified with FB for a year. Even though they are mining from one, they show on my secure group but does never show the mining. I have a few with other problems an all are friends/real people verified in the old FB and phone number. Another (3rd one) downloaded app. put in UN and PW and it says number already in use. Pi has no support structure to assist people, so we have to rely on guys like you to help. One would think they would be more organized in educating properly. Imagine doing all this, get listed, buy more Pi, change to new phone and same number and then you find it's all gone and you don't even know how to find it or get help. That is their shortfall. lots of updates, no education. Can you help there in any way? thank you Bruce
Hello Christian, and thank you for uploading this video. How will the PI I have mined be transferred to the main net? Is my wallet automatically connected somehow?
I'm a little lost but just to clarify the whole point of locked up is so that people don't sell all their pi the second it goes to mainnet correct? And by locking it up once pi is on the mainnet that's how long your crypto will be locked up until you can sell it and by having it locked up you get a mining boost?
hi ,hope you well and thank you for this video ,if I have locked up my boost rate and its pass the 14 day period ,can I still unlock or cancel so I can access my pi coins ? that were locked ups initially ? I locked up 800 for 3yrs at 100 % but would like to possible have to use rite now .
No. You'll have to wait for it to unlock. On the bright side, if the project succeeds, those coins will be worth much more in three years than they are now. Don't forget to update your lockup settings accordingly for future migrations.
So the lock up only affects your mined pi & not the bonus pi, so when your referrals pass their KYC & the bonus pi get transferred to your mainnet balance, would it automatically lock up?
Yes, once your referrals pass KYC those "bonus Pi" will be transferred as well and will also consider your current lockup settings. You can, however, change your lockup settings at any time.
hello. the config lock up rate button for me won't load. why is that? now for more info i just signed up and set up 1 day prior to me commenting on this. any input would be nice, thanks.
Mhm, not sure. But I'd just try again in a day or two, might just be because during the first day you don't have any balance to lockup and no finished mining seesions.
Thanks for your time. However, after my first lock up period expired, i tried locking up for another one year. I see SAVE at the bottom ot the dialogue box but the luck up reward has remained zero for more than a month now and my previous luck up balance is year to be released. What should i do?
Will you lock your Pi chris and if yes how much ? If I decide to lock up 100% of my Pi for 3 years and then change my mind after a month, can I take them back or I will have to wait for the 3 years ?
@@ChristianRauchenwald please advice on lock up. Cos we are human . Like if I lock up for three years but God forbid I die the coin is gone or what . Just your advice will be appreciated
Only time will tell if and how much I made by covering project like Pi Network on my channel. In the end, I only make money (besides the general RUclips revenue) IF the people that signed up also made money (= Pi succeeds and has a decent value).
Christian, useful info. Is it some kind MLM scheme? Is it the more people join under me the bigger bonus or reward I get? Do I have to set up a group? Will you advise? Thanks
My pi trasferred to mainet and there a was a lock of date 23-03-2024 but on that day it automatically increased for 3 years on 25-01-2027 Then i changed lock up as 25% for 2 weeks but still the date is same as before 25-01-2027??
I highly doubt that. The lockup works the same for everyone and the date definitely doesn't change. Updating your lockup settings only affects future migrations btw.
So, it sound's like lockup means the coin you "stored" in Pi system and can not use it in other way like trading or make some profit. One thing i do not understand is that lockup only applied to those future coins but not the number show in your app. am i right??
You have to invite new users to Pi Network and they have to use your nickname during sign-up. In other words, if you want to have a lot of referrals, you also have to put in a lot of effort to reach many people looking for ways to get crypto.
That's up to you to decide. The more and the longer you lock up your coins, the bigger the boost your mining rate gets. So, it all comes down to how much you believe in the project's long-term success.
Hi Christian! I accidentally lock up my Pi until 15.02.2023, is there any way to unlock? I ask this because the available balance, in my main net wallet, it's now 0,00 Pi.
Chris is there a way that we can unlock our locked pi so that it can be migrated to our wallet...I've seen a video on this subject but unable to follow its tutorial bcos it runs too fast so I was unable catch the url shown on the video...my pi are locked up till year 2027. Plse make a video on it.
You can try - see ruclips.net/video/DK-uH4xNN_Y/видео.html - but I think you can only change it after the first migration happened (if you already saved some setting).
Great video my friend thanks allot! If you don't mind me asking, how did you get so many people into your mining team? are they all peple you know and added to the network? what ways are there to add more people?
My videos about Pi Network have combined more than 1,000,000 views, so the answer to your question is, if you want to have huge success promoting things you have to put in a lot of work and build/grow your audience/following.
I believe that the Pi coin will be worth a lot in the future so which setting is best for me? My English is not the best so I didn’t understand everything
Sorry, my video schedule is already full for the next couple of weeks. I'll look into different use cases for Pi once the mainnet launches, until then there isn't much point to it IMHO.
Amazing explanation, I just bumped into ur channel and all I can say is ur explanation is so self explanatory and that made me sub ur chanel. Pls I want to ask u , do u have any idea pie can lauch with like approximate figure u are looking at
Thanks for the feedback. No, I don't have any estimate about the potential value of Pi. In the end, the community and the open market will decide how high each of us value their Pi.
So what I understand from this is that the amount of coins that I have right now will be locked according to how much I choose to be locked and then I cannot use that amount of coins for the period I locked them but I will eventually get them back after that locked period ends. As for the coins that are not verified, we cannot lock them but will we be able to use them when pi coin launches in the market?
The unverified coins will turn "verified" once your referrals and/or security circle members pass KYC. Those will then be transferred to your mainnet wallet and locked up as well using your latest lockup settings. You can change your lockup settings at any time, so you could configure a 90% 3-year lockup now, and then once that happens change the settings to 50% and 2-weeks, for example. Then your first batch of coins would be locked up according to the initial settings and all coins that you receive later (as your referrals keep passing KYC) would be locked up using the new setting.
lol but the numbers you see are theoretical... "only" around 4,000 out of more than 30,000 referrals are still active and daily some still lose interest, so form that huge balance I'll only get a fraction in the end. It will still be a lot, but nowhere near what it says on the screen.
Once you set the lockup duration, you can NOT decrease it until the first migration to your wallet happens. After you receive your first migrated coins, you can update the setting again and reduce the percentage and duration of future migration.
@@markomiklic7795 it doesn't make sense that's the case.Coz I thought your earnings will get 500% automatically.Its not the clicking of button that worries me but it's the lock up process perhaps if it can be explained in a better way or in depth
I took the tick out of the box that says ' automatically lock up a portion of pi' then pressed save. Does this mean I have saved the setting that I don't want to save any of my pi. That is what I want. I am a little scared it may have committed to a default setting without me knowing. What do you think? My understanding is that if you untick the box then your not saving.
i have one question please solve can we mine even after mainnet lauch just like as we are doing now. need answer and if yes than will it be free to mine just like now
Hey I really need some advice and help as I've got many apps with satoshi and also added money to a few apps like storm gain but can't open binance or coinbase because I don't have proper ID I have a defi wallet with crypto but I'm so new to this I'm completely confused and dont know what I'm doing tbh. How do I withdraw these cryptos into a place where I can withdraw to my bank account. Thanks
StormGain offers withdrawals to bank accounts, see stormgain.com/fees-and-limits For the rest you'll have to open an account with an exchange like Coinbase, Binance, Crypto.com,... and probably you'll have to get an official ID to pass the verifications each of these exchanges will require.
Good question. I assume that's mentioned in the updated new about the mainnet launch, but I had no time to dig into this so far. Probably the boost is valid for the entire lockup periods and ends once the lockup ends.
My Kyc is almost a year now, have validated 18 people but as I speak to U now my pi coins have not been migrated. my status show I am in queue. Can this be because I locked up 100% of my mined pi for 3yrs? Pls help.
can i unlock at any time ?? b/c if i find the Pi value is to my liking .....i might need to turn it to cash . . ....but if its locked up ....can i reverse it ??
I locked up 100%. After kyc and mainnet migration for the past 3 weeks , the Pi balance in my wallet is 0.00. please what's the reason for that. Is it because I locked up 100%?
Question bro.... is there anyway I can log into my account since I changed my number and got a new phone and nothing got backed up? I sent an email to the mine pi team but they haven’t gotten back to me. I do not want to start over I been mining for about 2 years now.
My transferrable Pi balance have been transferred to the mainnet after my KYC verification but the ones i am mining now are still in the transferrable balance. Why didn't it move to mainnet directly since my KYC has already been verified?
Migrations aren't automated yet so you have to wait until the team triggers the next migration manually. No way to know when exactly that is going to happen.
I have a issue my app crash , now I am trying to set up my app but I have been experiencing some problems with setting up it back can you help please ?
There is nothing I can do to help you. Just try reinstalling it, and if you keep having issues report them to the Pi team using the contact form on their website.
your channel is worth it Christian, makes it easier for a lot of people that do not have the time to read through the updates or "us" the lazy ones 😂 keep it up man, im planning on being a long term subscriber. your honesty and not trying to coerce people is what makes your videos likeable🤞
Thanks 😊
Mr Chris, thank you very much for this video, You have been my Coach since a year now, I think I will lock up 50% for a year, one love from Nigeria.
And is this year that u goin to lock gonna srart counting from now or from the start of mainnet
It's going to count from the day of the transfer to the mainnet.
I love your way of communication and and honesty. Salute to you. I believe on pi from day one and you are the best person who explain pi in the best way. I believe your all research. I wish I can shake hand at least once in my life. Hope will see you in London one day. Cheers
Thanks 😊 Means a lot to see that some people really appreciate my content.
London isn't that far away, maybe someday when we don't have to deal with COVID restrictions I might manage to finally visit.
@@ChristianRauchenwald sir your prediction about Pi mining price ?
first of all congrats to you on the huge amount of PI that you have gotten these past two years.
well it's hard to say if i locked it up for three years, coz crypto Bazar is really strange but I can say that holding PI is one of the best decisions that trader can make.
Thanks 😊 I decided to go with 90% lockup for 3 years. Either the project is a success and those Pi should be worth more then, or it fails and it won't matter anyways.
@@ChristianRauchenwald that’s exactly how much I have locked up. Christian I’m pretty dissatisfied with how much pi I have even after mining for nearly a year.
I love how you explained it in a straightforward, honest-to-goodness manner (which I may not fully understand yet until seen on how it translates in reality during mainnet) than the rest of the vids I've seen on Pi. Well done!
Thanks 😊 Appreciate the positive feedback.
The era of Pi has come, I will continue to light up the lightning every day, thank you!
🥧 🚀 🌚
Such a clear concise explanation of such a complex system ...I may be over thinking this but I'm on board 100 % im in it for the long run 🏃♂️
Glad you like the video. Thanks for watching 😊
You are top 3 of all Pioneers around the world!
Not sure since there is no leaderboard that I know off. I'd expect that some of the earlier pioneers are ahead of me.
Also, don't forget most of my referrals aren't active so I won't get more than a fraction of my total balance verified.
He is a top bee coin holder 😀
I would of been if I didn't just now recover my pi account after 2 yrs but I still have a 899 transferable balance right. Pioneer status sucks
It's getting existing, thank you for the video .please keep updating us :)
Thank you, I will.
Seeing te amount of Pi wallet completely shattered my dream thinking my 250 pi was alot. LOL
Not sure wether to feel motivated or demotivated. Guess I'll keep mining. Thank you for being ultra-informative.
i felt the same with my 1.2k....
Don't get discouraged.
1. Accounts like mine are the exception.
2. As you can see most of my referrals aren't active, so I'll only receive a fraction of those currently 2,600,000 unverified Pi anyways.
With 0.01$ price you will have 2.5$ 😀
@@shockem3376 are we even sure it's gonna worth that amount
So in plain english; Lockup is just telling PI network that "a certain portion of my coins should not be used in transactions for a period specified??". Similar to fixed accounts for banks???
Am I correct with that, anyone help me.
Dude, how do you have so much pi? It looked like you were mining like 260 pi per hour… geez man. I’ve been mining for a couple years now and have a fraction of what you have. Holy cow
My videos about Pi have more than 1,000,000 views combined. So, investing a lot of my time into research and publishing videos is what got me all those referrals.
Your eyes must be broken
Thank you!!! Keep these videos coming 😊
Thanks for watching!
Ive been waiting for a video like this
Thanks for waiting and for watching it now 😊
Holy Moly 2M above pie coin INSANE!!!! If pie coin hit the sky rocket in futre dude you gonna be next billionaire 😅😅
Don't forget that I also only get the referral earnings from users that are still active and pass KYC, so my actual balance will be much much lower than what's shown on the screen.
50% lock up seems the better option indeed! Thanks a lot Christian!
Still cant fully make my mind if I should go for 1 or 3 years, but hopefully I will make the right decision!
I finally decided to go with 90% lockup for 3-years, but I understand that it's a though decision to make.
@@ChristianRauchenwald Interesting choice there!
@@ChristianRauchenwald What will be better: +230% on 90% for 1 yr. or +463% on 90% for 3 yr.
If in 1st year I lockup on 90% for 1 yr. and continue the same in 2nd(1yr)& 3rd (1yr)..is it will be ( 230+230+230)=690% after 3rd year
Some light at the end of the tunnel. The only obstacle before mainnet is doing my KYC and hoping my security circle will pass kyc. I have locked 50 percent for two years. Thanks for the video and I always owe you for introducing such great projects.
Yeah, going to be interesting to see how many people actually pass the KYC verification especially because once the mainnet launches we finally also will get a better idea of the total supply.
Hey man, how did you manage to block for 2 years if there is no such option? There is 1 year, or 3 ...
@@mikhailvoronkovich3675 There is an option for that. Just adjust the tab/bar to your preferred duration.
This was SO helpful, thank you!!!
Glad it was helpful!
Very good at explaining, keep it up bro
Thank you, I will!
Congratulations on your mined Pi. Hope you get a lot of referrals KYC'd. Mainnet will be awesome.
I hope so too! Can't wait to see which Pi apps will be available first.
Okay, thanks for a well explanation, if I should lock my pi for 2 years will my mining rate increase, because I truly believe in pi network
Yes, you can see the exact mining boost you'll receive in the lockup settings within your Pi app.
The would be just like owning bit coin in 2010 and deciding to sell it when it reaches 100$ in 2012
💯
Thank you. Helps out a lot.
Glad it helped!
Thanks you and as always a very clear explanation of the system. One thing I need to ask is if I decided to lock up 100% for the next 3yrs, I understand I stil HV to press the ⚡button everyday and getting more Pi coins. Those new coins, are they usable right away or going to the lock up also? Kindly advise and thanks so much 🔥⚡
Those new coins are available immediately. You can change the lockup once the mainnet launches and those changed settings should only affect any additional coins you get from referrals that pass the KYC verification later.
@@ChristianRauchenwald
That was something I was curious to, are you sure about it, coz if I for example lock up 100% for 3 years I could make back all the Pi I earnd in 2 years in only 4 months, so practically the best choice would be to lock up everything for the maximum amount of time.
Sory for the bad speling.
So reading the white paper today, they stated that they will have a max supply of 100 billion pi coin, and that 65% will be mined for those who partake in the process. I see a lot of people throw random numbers for “price predictions” such as $100 or higher, I can’t see due to the supply how that will be possible.
One important question is how much of that supply will be circulating, but even more important, how much each Pioneer is willing to sell their Pi coins for.
If nobody would be willing to sell/use their Pi coins for less than $100 then that would be the value of Pi no matter how big the supply. But obv. with more supply it also means that there'll always be some that will be willing to sell for $0.0000001 as well.
Either way, the enclosed mainnet should help get a rough idea of how the majority of users value their Pi already before we then will see a definitive value on the open mainnet once Pi gets listed on the first exchange.
Amazing 🤩
Thank you! Cheers!
So in plain english; Lockup is just telling PI network that "a certain portion of my coins should not be used in transactions for a period specified??". Similar to fixed accounts for banks???
Am I correct with that, anyone help me.
Nice video Christian,but one thing for me most important we still don't know,and that is what will be price value of Pi coin?Did we know Pi price before final lockup or not?Nobody from us don't know what will be Pi price for 1 month and what for 3 years...That is what worry me.What is the best choice?I'm thinking like you to lockup 90% on 3 years,and 10% to use now.
I don't know why everyone is focusing so much on what value Pi will have at launch... really doesn't matter. If Pi manages to create an active community that uses Pi for different things than the value will anyways increase over time as it attracts more users.
Therefore, it doesn't really matter what the value at launch is going to be IMHO.
Hi Christian. I have been mining with my group for a year. on the six steps. 1. do i have to download the app again as I am mining on it already. 2. Do i have to download browser again with my test wallet. Will my test wallet become Mainet wallet with my passphrase and wallet ID I have from my test wallet. Great channel. Pity Pi has no support videos to help. I have lost some on group who lost their app and did not know how to get back. No info from Pi. Thanks for all info we follow on your channel.
No need to download anything again.
As for the wallet, I assume that your test net wallet will turn into the mainnet wallet, but if not you'll for sure have an option to create a new mainnet wallet.
Yeah, Pi could've done much better in terms of marketing and support content. You can see that the majority of my referrals also already "gave up" which is a huge pity for me and for them.
Anyways, take a look at the new checklist that's on the homescreen right now :)
@@ChristianRauchenwald Hi Christian. Thank you and for your channel once again. I have two members in my secure group who got new phones, (same numbers not new,)downloaded the app and put in username and password. The app started but it went back to mining from 1 Pi. Thy have lost all their Pi and are angry as have been mining and verified with FB for a year. Even though they are mining from one, they show on my secure group but does never show the mining. I have a few with other problems an all are friends/real people verified in the old FB and phone number. Another (3rd one) downloaded app. put in UN and PW and it says number already in use. Pi has no support structure to assist people, so we have to rely on guys like you to help. One would think they would be more organized in educating properly. Imagine doing all this, get listed, buy more Pi, change to new phone and same number and then you find it's all gone and you don't even know how to find it or get help. That is their shortfall. lots of updates, no education. Can you help there in any way? thank you Bruce
Hello Christian, and thank you for uploading this video.
How will the PI I have mined be transferred to the main net? Is my wallet automatically connected somehow?
Yes, once you created your wallet in the Pi Browser it's automatically connected to your account. Don't forget to backup your private key.
Thanks for your detailed and concise explanation. 🥰🇵🇭
My pleasure. Thanks for watching 😊
Thank you for this
My pleasure. Thanks for watching.
thank you Mr Chris
Thanks for watching 😊
Hey Christian, love from India, i wanna know that, will i be able to pass kyc as i'm 17 yo right now !!
Dude even am 17 would love to know if you earned some crypto with no investment
If so please do help me out
Yes, the min. age for Pi Network is 14 years.
I did 100% for 3 years😌
Nice. I finally decided to go with 90% for 3 years to also have some funds in case here are any apps I want to use initially.
I don’t understand the boost and lock up at all. When it first started I put 3 years at 100% idk if this is a good thing or bad thing
Hey Chris, thank you please do one content of the new update of pi network today? Thank you
Working on it... should be online around Wednesday (have a few other things to do right now).
Thanks for the enlightenment.
My pleasure. Thanks for watching.
Awesome i do love your channel have a question about Pi lockup can i wait till mainnet before locking up my coin
No, if you don't set the lockup before the mainnet launch your coins simply won't be locked up and you won't get the mining boost.
Wow 🤩 have a lot of Ref and lot of Pi 👍👍👍😻😻😻
Well, as you can see most of them aren't active anymore so my final balance will be much lower from what's visible right now.
Great video, thank you
Thanks for watching 😊
Jesus Christ I have like 560 pi and I've been at this for like a year.
Well, I also only have around 1,600 for now. We'll see how many people actually will apply and pass the KYC verification.
I'm a little lost but just to clarify the whole point of locked up is so that people don't sell all their pi the second it goes to mainnet correct? And by locking it up once pi is on the mainnet that's how long your crypto will be locked up until you can sell it and by having it locked up you get a mining boost?
yh that's what im thinkin too
Exactly.
hi ,hope you well and thank you for this video ,if I have locked up my boost rate and its pass the 14 day period ,can I still unlock or cancel so I can access my pi coins ? that were locked ups initially ? I locked up 800 for 3yrs at 100 % but would like to possible have to use rite now .
No. You'll have to wait for it to unlock. On the bright side, if the project succeeds, those coins will be worth much more in three years than they are now.
Don't forget to update your lockup settings accordingly for future migrations.
New subriber 👏
Welcome aboard!
Great work sir
Thanks for watching 😊
If you are readingthis cooment
then
we should atleast lock 90% of our pi
this will create shortage of pi supply and directlt increase the value.
😂
So the lock up only affects your mined pi & not the bonus pi, so when your referrals pass their KYC & the bonus pi get transferred to your mainnet balance, would it automatically lock up?
Yes, once your referrals pass KYC those "bonus Pi" will be transferred as well and will also consider your current lockup settings.
You can, however, change your lockup settings at any time.
hello. the config lock up rate button for me won't load. why is that? now for more info i just signed up and set up 1 day prior to me commenting on this. any input would be nice, thanks.
Mhm, not sure. But I'd just try again in a day or two, might just be because during the first day you don't have any balance to lockup and no finished mining seesions.
New subscriber here😁
Thanks for subbing!
Thanks for your time. However, after my first lock up period expired, i tried locking up for another one year. I see SAVE at the bottom ot the dialogue box but the luck up reward has remained zero for more than a month now and my previous luck up balance is year to be released. What should i do?
Lockups only affect coins that migrate from the app to your wallet. There is right now no method to lock up coins that already unlocked.
Also check out ruclips.net/video/5CyRcsORo5w/видео.html&
Love from Rwanda!The phone number i used is not registered on my names.Will this have negatve impacts during KYC?How can I change phone number?Thanks
No, doesn't matter who the number is registered to.
I love this, thank you
You're so welcome! Thanks for watching 😊
Will you lock your Pi chris and if yes how much ?
If I decide to lock up 100% of my Pi for 3 years and then change my mind after a month, can I take them back or I will have to wait for the 3 years ?
You can't change them back,you will have to wait till 3 years of duration you placed it
Wouldn't be a lockup if you could just change your mind at any time 😉
Thanks for wonderful and easy explanation but please tell them to make kyc public for every user
You just have to wait a bit and KYC will show up for everyone.
@@ChristianRauchenwald please advice on lock up. Cos we are human . Like if I lock up for three years but God forbid I die the coin is gone or what . Just your advice will be appreciated
That's a lot of PI,sana all,🥰
🥧 🚀 🌚
You make good.money by referring by your Channel good job
Only time will tell if and how much I made by covering project like Pi Network on my channel.
In the end, I only make money (besides the general RUclips revenue) IF the people that signed up also made money (= Pi succeeds and has a decent value).
Great video!
Glad you enjoyed it
Christian, useful info. Is it some kind MLM scheme? Is it the more people join under me the bigger bonus or reward I get? Do I have to set up a group? Will you advise? Thanks
Take a look at ruclips.net/video/PekumsFGWuc/видео.html
Fantastic! Thank you for the education. I Liked and Sub'd
Awesome, thank you!
why when i want to download this Pi Network thing, it comes out as a warning harm of my smartphone ?
No warning on my end. Might be just another false positive warning from Play Protect.
How do you have so many pi? I’ve been mining for about 2 years and have only 1888
My pi trasferred to mainet and there a was a lock of date 23-03-2024 but on that day it automatically increased for 3 years on 25-01-2027
Then i changed lock up as 25% for 2 weeks but still the date is same as before 25-01-2027??
I highly doubt that. The lockup works the same for everyone and the date definitely doesn't change.
Updating your lockup settings only affects future migrations btw.
I was able to verify with my Facebook but would it be a problem if I am unable to verify with my mobile number. Please I need to know
No worries. Facebook OR Phone is enough. Just need to also pass the KYC verification (coming soon in the Pi app) and you are good to go.
GOOD EXPLAINATION
Thanks 😊 Glad you like the video.
So, it sound's like lockup means the coin you "stored" in Pi system and can not use it in other way like trading or make some profit.
One thing i do not understand is that lockup only applied to those future coins but not the number show in your app. am i right??
You can find a detailed explanation of the lockup feature in the app as well.
Thanks Bro, for your kind information
Always welcome! Thanks for watching 😊
Good job , thank you
Thanks 😊
😍Good video !👍💯👍
Thanks 😊
Love form India..♥️
Thanks, greetings from Ukraine 🇺🇦
Hi can you please explain how to get more miners as I can do it or my invite code just puts them in my security circle
You have to invite new users to Pi Network and they have to use your nickname during sign-up.
In other words, if you want to have a lot of referrals, you also have to put in a lot of effort to reach many people looking for ways to get crypto.
l need help to understand guys
im a new user 13 mining sessions.
2.pies.
And no security circle.
what should be my lock up settings?
pls help
That's up to you to decide. The more and the longer you lock up your coins, the bigger the boost your mining rate gets.
So, it all comes down to how much you believe in the project's long-term success.
So what is your personal choice? What have you gone with?
90% for 3 years. Thought about 100% but decided that I'd also like to have some available to use in whichever apps there are initially.
Hi Christian! I accidentally lock up my Pi until 15.02.2023, is there any way to unlock? I ask this because the available balance, in my main net wallet, it's now 0,00 Pi.
Nope, if it's already migrated than the lockup is set like this and there is nothing you can do about it.
@@ChristianRauchenwald Ok, Thank you! :((
Chris is there a way that we can unlock our locked pi so that it can be migrated to our wallet...I've seen a video on this subject but unable to follow its tutorial bcos it runs too fast so I was unable catch the url shown on the video...my pi are locked up till year 2027. Plse make a video on it.
No, you can NOT unlock them early. It wouldn't be much of a lockup if you could just unlock them at any time.
Hi Chris I’ve locked up for 3 years but I’ve not done my KYC yet .. is it still possible to change the lock up before I do my kyc
You can try - see ruclips.net/video/DK-uH4xNN_Y/видео.html - but I think you can only change it after the first migration happened (if you already saved some setting).
Great video my friend thanks allot! If you don't mind me asking, how did you get so many people into your mining team? are they all peple you know and added to the network? what ways are there to add more people?
My videos about Pi Network have combined more than 1,000,000 views, so the answer to your question is, if you want to have huge success promoting things you have to put in a lot of work and build/grow your audience/following.
Thanks for the info.
Will the lockup take effect now or later after mainnet?
The lockup effects how many of you coins get locked when when they are transferred to your mainnet wallet.
I believe that the Pi coin will be worth a lot in the future so which setting is best for me? My English is not the best so I didn’t understand everything
Only time will tell how much Pi will be worth and only you can decide the best lockup setting for you.
Sir,can you make a video about the pichainmall,I am still having a hard time to understand it and what is it all about
Sorry, my video schedule is already full for the next couple of weeks. I'll look into different use cases for Pi once the mainnet launches, until then there isn't much point to it IMHO.
Amazing explanation, I just bumped into ur channel and all I can say is ur explanation is so self explanatory and that made me sub ur chanel.
Pls I want to ask u , do u have any idea pie can lauch with like approximate figure u are looking at
Thanks for the feedback.
No, I don't have any estimate about the potential value of Pi. In the end, the community and the open market will decide how high each of us value their Pi.
@@ChristianRauchenwald OK thank u
So what I understand from this is that the amount of coins that I have right now will be locked according to how much I choose to be locked and then I cannot use that amount of coins for the period I locked them but I will eventually get them back after that locked period ends. As for the coins that are not verified, we cannot lock them but will we be able to use them when pi coin launches in the market?
Exactly
The unverified coins will turn "verified" once your referrals and/or security circle members pass KYC.
Those will then be transferred to your mainnet wallet and locked up as well using your latest lockup settings.
You can change your lockup settings at any time, so you could configure a 90% 3-year lockup now, and then once that happens change the settings to 50% and 2-weeks, for example. Then your first batch of coins would be locked up according to the initial settings and all coins that you receive later (as your referrals keep passing KYC) would be locked up using the new setting.
So understanding is similar to a bank fixed account??
The configuration lock up rate button is red around and it doesn’t load, what can I do
Wish I could help, but not sure on which screen exactly you are stuck.
When I looked at how much PI you have and how many people you have I almost shit myself lol
lol but the numbers you see are theoretical... "only" around 4,000 out of more than 30,000 referrals are still active and daily some still lose interest, so form that huge balance I'll only get a fraction in the end.
It will still be a lot, but nowhere near what it says on the screen.
so the mining thru tapping the mine buttom everyday is continue after mainnet lunch?
Yes.
If I lock up 100% of what I have now for 3 years, is the PI that I mine afterwards locked too, or can I sell that new mines PI..
No, it's only affecting the Pi you got before the transfer to the mainnet. Anything you receive on the mainnet won't be locked up.
Thank you sir.
My pleasure. Thanks for watching.
I have locked my own for 3 years how will I reduce it to 1 year then if I reduce it it's any risk for my pi coins
Once you set the lockup duration, you can NOT decrease it until the first migration to your wallet happens.
After you receive your first migrated coins, you can update the setting again and reduce the percentage and duration of future migration.
Does this mean that I have to keep mining when mainnet goes live 🙆🏾♀️🙆🏾♀️. Isn't that cumbersome now
@@markomiklic7795 I'm talking about the 500% reward
@@markomiklic7795 it doesn't make sense that's the case.Coz I thought your earnings will get 500% automatically.Its not the clicking of button that worries me but it's the lock up process perhaps if it can be explained in a better way or in depth
If my explanation isn't clear enough simply read the explanations in the Pi Network app.
I took the tick out of the box that says ' automatically lock up a portion of pi' then pressed save. Does this mean I have saved the setting that I don't want to save any of my pi. That is what I want. I am a little scared it may have committed to a default setting without me knowing. What do you think? My understanding is that if you untick the box then your not saving.
If you unchecked the box and saved then none of your balance will be locked up.
@@ChristianRauchenwald Thank You.
i have one question please solve
can we mine even after mainnet lauch just like as we are doing now.
need answer and if yes than will it be free to mine just like now
Yes, mining will continue for a while.
Hey I really need some advice and help as I've got many apps with satoshi and also added money to a few apps like storm gain but can't open binance or coinbase because I don't have proper ID I have a defi wallet with crypto but I'm so new to this I'm completely confused and dont know what I'm doing tbh. How do I withdraw these cryptos into a place where I can withdraw to my bank account. Thanks
StormGain offers withdrawals to bank accounts, see stormgain.com/fees-and-limits
For the rest you'll have to open an account with an exchange like Coinbase, Binance, Crypto.com,... and probably you'll have to get an official ID to pass the verifications each of these exchanges will require.
How long will the boost last for the lock? Will this be your new base mining rate?
Good question. I assume that's mentioned in the updated new about the mainnet launch, but I had no time to dig into this so far.
Probably the boost is valid for the entire lockup periods and ends once the lockup ends.
After minet close, can I do mining until minet open? And got booster after pinish contract?
Yes, mining will continue for some time.
I did 100% for 3 years. When mainnet launches u can decrease it?
Take a look at ruclips.net/video/DK-uH4xNN_Y/видео.html
My Kyc is almost a year now, have validated 18 people but as I speak to U now my pi coins have not been migrated. my status show I am in queue. Can this be because I locked up 100% of my mined pi for 3yrs? Pls help.
Sadly, there is nothing you can do but be patient and wait.
can i unlock at any time ?? b/c if i find the Pi value is to my liking .....i might need to turn it to cash . . ....but if its locked up ....can i reverse it ??
No, that's the whole purpose of the lockup that you commit to the selected timeframe.
Is it possible to change a lock up commitment after its been locked up
No. Changes only effect future lockups.
I locked up 100%. After kyc and mainnet migration for the past 3 weeks , the Pi balance in my wallet is 0.00. please what's the reason for that. Is it because I locked up 100%?
You just have to wait. Migrations taking longer means that there is a ton of users in the queue, so while annoying, it's actually a good sign.
Question bro.... is there anyway I can log into my account since I changed my number and got a new phone and nothing got backed up? I sent an email to the mine pi team but they haven’t gotten back to me. I do not want to start over I been mining for about 2 years now.
If you linked your Facebook account then through Facebook, otherwise, I'm afraid no.
My transferrable Pi balance have been transferred to the mainnet after my KYC verification but the ones i am mining now are still in the transferrable balance. Why didn't it move to mainnet directly since my KYC has already been verified?
Please I need an urgent response to this question Christian.🙏
Migrations aren't automated yet so you have to wait until the team triggers the next migration manually. No way to know when exactly that is going to happen.
@@ChristianRauchenwald Okay, thank you.
I have a issue my app crash , now I am trying to set up my app but I have been experiencing some problems with setting up it back can you help please ?
There is nothing I can do to help you. Just try reinstalling it, and if you keep having issues report them to the Pi team using the contact form on their website.