Pi-Protocol. What is it and Why Should I Care? Passive Income at It’s Best!

First, I want to give a huge shoutout to the $GREED Family, Captain, Rob, Sonny & Nicole, Golden Ratio, to all the others that make this project and family so incredible, and finally to GORDEN, the incredible genius behind Pi Protocol, amongst many other things

Before I lay out all of the ways Pi works, and why it is the project you should not and really cannot pass up, I will leave links to the website, telegram, and discord channel below.

Official Site: https://www.pi-protocol.io

Official Telegram: https://t.me/PIProtocol

Official Discord: https://discord.gg/uzNf4E2Y

🟢PI PROTOCOL🟢

💥What is PI Protocol?

A platform where users can actually USE their existing NFTs to increase their value, earn yields, and play a unique NFT game

🚀Price Floor Mechanics – 💯High GFX Artwork –

🏋️‍♀️NFT Aggregator Vaults – 🎲Treasure Hunt Game

🖼NFT Marketplace –💰 NFT Collaterals!

💎Tokenomics💎

4.5% TAX ON BUYS AND SELLS

✔️1.5% Treasure Game

✔️0.5% Development Fund

✔️0.5% Burns, removed from supply forever

✔️2.0% Circle Pool, infinite rewards for Circle Holders

🔥Less than 600,000 total supply!

✅ Doxxed & KYC’D Team, Devs.

✅ Long term project with real utilities

✅ Audited

✅ Huge marketing ongoing and planned

One of my favorite Pi NFTs

Next you want to know, how am I going to make money with Pi? Get ready!

💥TOP 11 Different Ways To💥

💰Make Money In PI Protocol💰

✅Buy sCircles and/or bCircles and stake for passive income rewards

☑️Buy more sCircles and/or bCircles using passive income rewards and stake for more compounded passive income rewards

✅Buy PI tokens and stake for PI tokens

☑️Buy PI tokens and stake for Greed tokens

✅Buy PI tokens and stake for Magic tokens

☑️Buy PI Protocol Partner NFT and stake in NFT Vaults Aggregator (All slots are full at the moment)

✅Mint and list your own NFT for sale on PI Protocol open marketplace

☑️Buy and resell NFTs on PI Protocol open marketplace

✅Participate in PI Protocol Treasure Hunt games to win Treasure Hunt NFTs to stake in NFT Vaults Aggregator (All slots are full at the moment)

☑️Participate in PI Protocol Treasure Hunt games to win Treasure Hunt NFTs to sell on PI Protocol open marketplace

✅Buy and hold PI tokens and wait for the Price Floor Sweeper mechanism to activate

So this is a ton of information right? That is why I recommend you join our Telegram and Discord channels because we have admins ready to answer any legit questions or concerns you may have.

This one is just…🤯❤️!

Now onto the NFT Vaults!

Question: What are the calculations behind NFT vaults?

Answer: Assume PIP or PI Token price is $6 in this example.

If you deposit 1 partner NFT or BitCircle, PI Protocol will lend you 60 PIP

60 PIP * $6 = $360

PI Protocol will use this $360 in BNB and stake it in CAKE/BNB staking pool on Pancakeswap for rewards.

Annual Percentage Rate (APR) is 40% so it is 40% * $360 = $144

Monthly Percentage Return (MPR) is $144/12 months = $12

If you choose to withdraw your NFT, your monthly rewards will be $12

If you deposit your NFT prize, PI Protocol will lend you 200 PIP

200 PIP * $6 = $1200

PI Protocol will use this $1200 in BNB and stake it in CAKE/BNB staking pool on Pancakeswap for rewards.

Annual Percentage Rate (APR) is 40% so it is 40% * $1200 = $480

Monthly Percentage Return (MPR) is $480/12 months = $40

If you choose to withdraw your NFT, your monthly rewards will be $40

Vaults Workflow

NFT Aggregator Vaults:

Workflow:

The user stakes his NFT, the NFT goes to PI Staking Contract.

Pi Contract then sells x amount of PI token allocated to the NFT into BNB and buys CAKE/BNB pair.

The Pi Contract stakes the bought CAKE/BNB then into PancakeFarms.

Once the user decides to withdraw from PI NFT Aggregator Vaults, the Pi Contract withdraws from PancakeFarms, sells the CAKE/BNB into BNB, and buys back PI.

The User gets back his NFT and additionally the rewards from CAKE/BNB staking.

The User doesn’t stake on its own, the Pi Contract is the staker and lends the “money” needed to buy the assets to provide free rewards to the NFT holders.

Now finally, to my favorite part of Pi!

Why Stake Bcircles?

When someone buys or sells PI tokens, 2% from 4.5% tax will go to staking rewards.

Imagine the following scenario:

✅ When someone buys sCircle and/or bCircle using BNB

– It is a buy transaction

– 2% goes to staking rewards

✅ When someone buys sCircle or bCircle using staking rewards (compounding)

– It is a sell transaction

– 2% goes to staking rewards

✅ When someone cashes out their staking rewards for BNB

– It is a sell transaction

– 2% goes to staking rewards

💥Weekly % is calculated by total weekly accumulated staking rewards divided by Total Value Locked

💥The price of sCircle is calculated by the price of the LP (PIP/pBNB). A bCircle represents the value of 5 sCircles

💥Total Value Locked is calculated by the total number of bCircles staked

💥There is also a minimum amount of 4000 PI tokens allocated to weekly staking rewards. If the total 2% does not meet this minimum, the project (PI Protocol) will generously add in the difference. If the total 2% exceeded this minimum, the full amount will be distributed

💥Then more bCircles are bought and staked, the more liquidity will be locked and the faster we can activate the Price Floor Sweeper when 2 minimum requirements are met

Now, this is the true beauty of this ecosystem.

💥The APR and weekly displayed on PI Protocol is not your exact APR % because it is due to the time of staking. It is simply the APR % and Weekly % based on the current time of staking. Time of staking means the time when you stake.

Let’s assume the following simple scenario:

✅ You buy a bCircle for $200 and the current Weekly is 5%

✅ You receive 5% * $200 = $10 in PI tokens

✅ Fast forward to 6 months later, a bCircle is $800 and the Weekly % is only 2%

✅ You receive 2% * $800 = $16 in PI tokens

✅ You have only invested or paid $200 to buy the bCircle so your actual % is $16/$200 = 8%, not the 2% that you see on the website

💫This simple scenario above does not include the accumulated rewards that you received for the last 6 months*

If you have stuck it out and done the reading and/or just decided to join the Telegram and Discord channels, congratulations! You are one step closer to financial freedom, my friends. This is, as one person has said, $GREED’s best kept secret.

Last thoughts: There has never been a better time to jump into Pi right now. With prices low, and the floor sweeper yet to hit, you can get in and start making some sCircles and turning those into bCircles. Pi is on the BSC chain, so you want to have your BNB sent to your wallet on this chain, otherwise known as BEP20. The transaction fees are minute in comparison to most Defi projects which use Ethereum.

I’d personally like to thank Nicole for putting these out for anyone on the Telegram to see!! Now go get some and start that life towards freedom!

-Lonny

Published by Crypto Careers

I am an entrepreneurial musician whom loves animals and owns a dog walking business in Nashville, Tennessee. I have a beautiful wife who is a Dr in Pediatric HEMONC as a current Fellow. I also have a divacat named Aria 🐈. I also have invested and traded and learned digital currency for 3.5 years every day. I know a little :)

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