Pi Network is a decentralized cryptocurrency project designed to make digital currency mining accessible to everyone through a simple mobile app. Unlike traditional cryptocurrencies like Bitcoin, which require expensive hardware and high electricity consumption, Pi Network allows users to earn Pi tokens by tapping a button daily on their smartphones. Launched on March 14, 2019, the project has grown to millions of users worldwide and aims to create an inclusive digital economy where anyone can participate in blockchain technology.
Pi Network operates on a unique consensus mechanism based on the Stellar Consensus Protocol (SCP), which enables secure transactions without the need for energy-intensive mining. Users earn Pi by engaging with the app daily and can boost their mining rate by inviting trusted connections into their security circle.
Currently, Pi transactions are limited to the Pi ecosystem, but with the upcoming Open Network launch on February 20, 2025, Pi tokens are expected to become tradable on external exchanges, opening new opportunities for users.
Pi Network was founded by Nicolas Kokkalis and Chengdiao Fan, two Stanford University Ph.D. graduates.
PI, the native token of the Pi Network ecosystem, is available on various exchanges. The total supply is 100 billion PI, with 80% allocated to the community through mining rewards and 20% reserved for the Pi Core Team for development.
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Pi Network is still in development, and its tokens are not yet tradable on major exchanges. While it has great potential, its future value depends on adoption, exchange listings, and ecosystem growth. Investors should stay informed and approach with caution.
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