Pi Network

About Us

In order to create a better world for cryptocurrencies, Pi’s founders realized they had to integrate theory and practice, applying what they learned in their doctoral studies in computer science and social sciences at Stanford to a real-world setting. After identifying the major barriers to cryptocurrency access and adoption, Pi’s founders set out to build the next generation of the blockchain-integrated web. Pi Network—officially launched on March 14, 2019 (Pi Day), with growing community engagement since then—is their solution. Today, the core team of over 35 full-time members worldwide strives to empower a large, passionate, and globally distributed community to decentralize efforts toward a common goal. Forex Mony

Pi Network is a blockchain-based project that aims to make cryptocurrencies accessible to ordinary users. Launched in 2019 by Stanford academics, it allows users, referred to as “Pioneers,” to mine its native cryptocurrency, Pi Coin, directly from their smartphones without significant computational or energy costs.

Designed for everyone, by everyone

Pi Network is a community of tens of millions of people who mine Pi tokens for use and build an ecosystem of Web3 applications. This blockchain network relies on its community of Pioneers, rewarding them, through an innovative mobile mining mechanism, for their diverse contributions and digital citizenship in a clear, deserving, and decentralized way.

In order to ensure fairness in Pi mining, secure the Pi blockchain, maintain the integrity of the Pi ecosystem, and ultimately create and protect community-driven governance, it is essential to empower real people around the world and disable malicious actors, bots, or hackers. Pi relies on its community of Pioneers to mine Pi tokens in a meritocratic manner using their mobile phones, while Pi KYC serves as a fundamental mechanism to ensure true humanity and build collaboration in the network, enabling the community to create a decentralized ecosystem with meaningful use cases for ordinary people. An accessible developer platform, combined with a large, authenticated, and crypto-enabled social network, positions Pi Network to be a pillar of the next wave of technological revolution.

Key Features of Pi Network:

1. Mining Simplicity: Mining Pi requires minimal effort; users log into the app daily and press a button to maintain their mining session. This process does not require the energy-intensive hardware traditionally associated with mining.
2. Phased Development: The project began with a mobile mining app and is progressing towards a decentralized mainnet. Its current state, the “Enclosed Mainnet,” limits external transactions to enhance security and develop a robust ecosystem of applications using Pi Coins.
3. KYC Verification: To ensure the network’s integrity, Pi Network mandates Know Your Customer (KYC) verification. This ensures only legitimate users participate and move their mined Pi to the mainnet.
4. Utility Focus: The team emphasizes real-world utility by fostering the development of applications within the Pi ecosystem. These apps will allow users to use Pi Coins for various services and transactions.
5. Criticism and Concerns:
   • Some critics question Pi Network’s legitimacy due to its unconventional mining method and lack of listed value on exchanges.
   • Others see the referral-based model as resembling multi-level marketing.
6. Future Prospects: The anticipated Open Mainnet, expected by late 2024, could determine the project’s success by allowing unrestricted transactions and establishing Pi Coin’s market value.

What is Pi Network?

Pi Network is a digital currency for ordinary people and aims to become the most inclusive peer-to-peer ecosystem. It seeks to simplify access to cryptocurrencies and introduce them to more people through a simple crypto mining and management system.

History of Pi Network

Pi Network was founded by Nicolas Kokkalis and Chengdiao Fan. The Pi token was launched in 2019, and the team announced the launch of its mainnet in 2021.

What’s next for Pi Network?

The Pi Network team plans to expand the network’s functionality, including creating an attention market, a swap market, and a decentralized app store. The attention market will allow members to pool their attention and swap it with peers or businesses seeking their attention. The swap market will allow members to offer their goods and services to other members of the network. The decentralized app store will provide a platform for developers to build decentralized applications within the Pi Network ecosystem.

What is Pi Network (Pi) used for?

Pi Coin is the native token of the Pi Network. Users on the Pi Network earn Pi coins through mining. Holders can use their Pi coins to pay transaction fees and also transact on apps and marketplaces built into the Pi ecosystem.

Where can you buy Pi Network?

PI tokens can be traded on centralized cryptocurrency exchanges. The most popular exchange to buy and trade Pi Network is HTX, with the most active trading pair PI/USDT trading volume of $110,782 in the last 24 hours. Other popular options include BitMart and CoinW.

What is the daily trading volume of Pi Network (PI)?=

Pi Network (PI) has a trading volume of $800,444 in the last 24 hours, which is an increase of 85.90% from the previous day and indicates a recent surge in market activity.

What is the all-time high for Pi Network (PI)?

The highest price paid for Pi Network (PI) is $307.49, which was recorded on December 30, 2022 (almost two years ago). In comparison, the current price is 82.13% below the all-time high.

What is the all-time low for Pi Network (PI)?

The lowest price paid for Pi Network is $0.05586, which was recorded on November 28, 2019 (almost 5 years ago). In comparison, the current price is 98,280.59% above the all-time low.

How does Pi Network’s price performance compare to its peers?

With a price increase of 4.20% in the past seven days, (Pi Network) is underperforming the global cryptocurrency market which is up 20.40%, while outperforming similar cryptocurrency IOU which is up 0.00%.