In this article Pi Network Boost: Referrals vs. Security Circle, you will learn about the difference between referrals and security circle members, and why having a trusted security circle is crucial for securing your Pi Network account. Additionally, we will discuss how a strong security circle enhances your daily mining efficiency while ensuring the long-term safety of your Pi coins.
Before we begin, it is important to note that the Pi Network whitepaper was written by computer scientists, not just regular writers. This means that it contains specific terms and contexts that may not be easily understood. Misinterpreting these details could put your account and coins at risk, preventing you from fully benefiting from Pi Network and its vision. That’s why this article will highlight a critical point to consider before making decisions that might endanger your Pi holdings in the future.
Referrals in Pi Network
A referral is when you invite a new user to join Pi Network using your referral code (your username). For each referred user, you receive a one-time reward of 1 Pi. However, this bonus only becomes valid if the referred user successfully completes KYC (Know Your Customer) verification. If they fail to verify their identity, you will lose this bonus permanently, even if they complete KYC at a later time.
Security Circle in Pi Network
A security circle consists of trusted individuals you add to your security network to boost your daily mining rate. Unlike referrals, security circle members contribute to your mining efficiency by providing a 20% bonus of their mining rate per added member. Pi Network allows a maximum of five members in your security circle, forming what is known as your “Security Circle Team.” Adding more than five members does not provide any additional rewards.
You can add any user to your security circle, whether they were referred by you or joined through someone else.
Key Differences Between Referrals and Security Circle Members
- Referrals: You receive a one-time reward of 1 Pi per invited user. However, this reward is conditional upon their successful KYC verification.
- Security Circle: You earn a continuous boost in your daily mining rate (20% of each security circle member’s mining output).
- Reliability: Security circle rewards are more reliable and long-term compared to referral bonuses, which can be lost if users fail to complete KYC.
The Importance of Adding Trusted Members
The Pi Network whitepaper emphasizes adding only trusted individuals to your security circle. However, “trusted” doesn’t simply mean someone who has passed KYC; it refers to someone you personally know and trust, who believes in the Pi Network project, and is committed to long-term participation.
Adding random strangers to your security circle just because they passed KYC can be risky. If one of these users is flagged for fraudulent activity or violating Pi Network policies, their account might get permanently banned. This can directly impact your account, potentially making it less secure and trusted within the network. In severe cases, your account may also be penalized or banned.
As a Pi Network pioneer, you are required to follow the platform’s security policies. One of the most important rules is to not compromise the security of the network in any way. Therefore, it is essential to carefully choose who you add to your security circle and avoid adding unknown individuals to minimize risks to your account.
How to Build a Strong Security Circle in Pi Network
To establish a secure and efficient security circle that maximizes your mining benefits, follow these four key steps:
1. Choose Family and Close Friends
Identify five people among your family or close friends. Educate them about Pi Network, explaining its vision for digital financial inclusion, its potential as a future global cryptocurrency, and how Pi could gain value similar to Bitcoin, Ethereum, and Solana.
2. Invite Them to Join Pi Network
Once they understand Pi Network and are interested, guide them through the registration process. Explain how daily mining works and how they can mine Pi for free by tapping the mining button once a day.
You can share this guide with them to learn the step-by-step registration process: Pi Network registration guide.
3. Add Them to Your Security Circle
After they have started mining, add them to your security circle only if they are committed to mining regularly and are willing to complete KYC when required. Ensuring they are prepared for identity verification is crucial to securing your mining rewards.
4. Monitor and Support Them Daily
Stay engaged with your security circle members. Use the Pi Network app to check if they are actively mining and remind them if they miss a day. The app allows you to send them a notification to encourage consistency.
5. Educate Them on Security Practices
Inform them about Pi Network’s security guidelines. Warn them not to share their account details or wallet keys with anyone, as this could expose them to scams or result in account suspension. Unauthorized access to a Pi Network wallet may lead to permanent loss of Pi coins and potential penalties on the network.
Conclusion
A strong security circle is essential for maximizing your mining efficiency and maintaining account security within Pi Network. Unlike referrals, security circle members provide a long-term and reliable boost to your mining rate. However, choosing the right members is crucial to avoid security risks and ensure compliance with Pi Network policies.
To build a strong and trusted security circle, invite only people you personally know and trust, educate them about Pi Network, and encourage them to verify their identity through KYC. By doing so, you will not only enhance your mining rate but also protect your account and assets from future risks. Prioritizing trust and security will ensure you fully benefit from Pi Network’s vision and long-term success.
