Is Star Network Cryptocurrency a Good Investment? Read This First.

It is 2021, so a new day means a new cryptocurrency. Once Bitcoin and Dogecoin exploded, many others decided to start their own cryptocurrencies to see if they are lucky enough to succeed. Star Network (referral code: olenaroosa) is one of the many options out there, and I’d like to explain why it isn’t a good investment. 

What is Star Network?

Star Network is similar to Pi Network and Bee Network. It has a really similar design, but then again, most of these “game” style cryptocurrency apps do. In the App Store, it is labeled as a Social Networking app, and in a way, it is because all of these apps encourage you to invite others to join your mining network.

Unlike TimeStope, the Star Network app is available in the App Store, which means that it has passed Apple’s strict app requirements. This means that the app is relatively safe to use, although there are still ways that it could steal your data to track you. Is it dangerous? Probably not; it is most likely that it would collect data about you for advertisers. However, there are always dangers with unknown apps; some can even turn your device into a bot.

The basis of Star Network is identical to that of other “beginner cryptocurrencies.” You join to begin mining, and every 24 hours, you have to tap a button to continue mining. This doesn’t affect your phone battery life or data consumption. If you invite others to join, you mine at a quicker rate, and your total “earnings” appear on the app’s home page.

Why the quotation marks? I say “beginner cryptocurrencies” because I don’t believe that all or potentially any of these apps are actually trying to become successful cryptocurrencies. They profit from the crypto hype by having ads in their apps. When I refer to “earnings,” I mean the amount that may potentially one day be of value. I have to say that I like that Star Network has it clearly labeled as the Nominal Balance. There is even a clickable button to the explanation that it could become a Realized Balance if enough people join and it succeeds.

Should You Invest in the Start Network?

Investing is a word that gets tossed around a lot. You can invest your time, money, resources, and more into various projects or companies. Obviously, you should not invest money into unknown apps or websites without doing copious research. 

As far as I am aware, the Star Network doesn’t ask for monetary investment, but it does ask that you sign in and click the button daily, which plays an ad, and then you can forget about the app for the day. Unless, of course, you want to invest more time into trying to have people sign up with your code (olenaroosa) to increase your potential earnings.

As someone who is signed up for several similar apps, I feel like taking 10 seconds to click a button is worth the investment. I don’t believe that I will ever earn money from this app, but who knows; people didn’t believe in Bitcoin either. Plus, using the app helps me find content for this website, making the 10 seconds/day investment even more worth it. Should you join the Star Network? Please do your research and if you decide to join, consider using my code: olenaroosa. Or, save money and buy these inexpensive handmade crypto earrings instead!

Safety Precautions

As I mentioned, using any app can be dangerous. If you end up signing up, make sure not to give any personal information and take extra precautions. For example, I declined to enable biometric authentication just in case Star Network sells that information to other apps. With deepfakes causing all sorts of trouble, I do worry about my biometric data. Although with my social media use, that ship has probably already sailed.

I also like to go into my app settings and make sure that none of my crypto apps are tracking any information or have access to my microphone or cameras. A lot of people worry about their phones recording them when they aren’t aware of it. This is unlikely as most phones have lights that tell you if your cameras or microphone are on. Plus, you’d notice the battery drain if you were being recorded, but it is always better to be safe than sorry.

Summary: Star Network

At first glance, Star Network looks better than several other similar apps I use. Pi Network still seems to be the most legit cryptocurrency, but I highly recommend that you speak to someone who knows more about the topic before coming to a conclusion. Most articles you read on the internet are just people like me sharing their opinions, and few of us are computer scientists or have your best interest at heart. 

That being said, I plan to mine using Star Network, so if you use my code (olenaroosa) to join, we’ll both benefit if this cryptocurrency ever succeeds, which is unlikely, in my opinion, but who knows. 

 If you want to mine using the Bee Network or another cryptocurrency, check out these articles and feel free to use my codes to join. Just an FYI: you need a referral code to join most of these networks. When you use someone’s code, they get a better mining rate. Make sure to chose someone who is always active, like I am, as this will improve your mining rate:

Bee Network reference code: olenaroosa

Pi Network reference code: olenakagui

Midoin Network reference code: olenakahujova3102

TimeStope witness code: olenakagui

For iPhone users who want to use TimeStope, read this on how to get the app using an emulator. 

Feel free to comment with your own reference codes in the comment section below. And if you know of any other cryptocurrency networks, please let me know. I’d love to join using your code and write about them in future blog posts!