Assessing Pi Network Competitors in the Cryptocurrency Market: Avive and Eagle Network

The Pi Network has been making waves in the cryptocurrency market with its unique approach to mining Pi tokens through a mobile app or web version without any fees. However, the project has faced skepticism and accusations of being a scam, leading to questions about its utility and legitimacy.

One of the key utilities of the Pi Network lies in its utilization of the Stellar Consensus Protocol (SCP), allowing users to mine native tokens through the app. Despite its popularity, the specific applications of the Pi Network remain unclear, with the project generating excitement due to its simple mining process.

As the Pi Network gears up for an open mainnet launch in 2024, other projects with similar features have emerged as competitors. Avive, a protocol related to Decentralized Physical Infrastructure Networks (DePin) and Universal Basic Income (UBI), offers users the opportunity to earn native tokens without mining. Avive has already been listed on several exchanges, giving it an advantage over other competitors.

Eagle Network, another competitor, focuses on mobile application mining and offers users the chance to earn native tokens through gaming activities and a referral program. The project’s native token, EGON, is gradually being listed on various exchanges, providing users with trading opportunities.

While the Pi Network’s user-friendly mobile mining feature may attract novice crypto traders, competitors like Avive and Eagle Network offer unique features and advantages in the market. However, potential risks such as low liquidity and inactive trading pools should be considered when evaluating these projects.