What is Pi Network?

Pi Network is a revolutionary social cryptocurrency, developer platform, and blockchain ecosystem designed for mass adoption. Unlike traditional cryptocurrencies, Pi allows users to mine and transact seamlessly through a mobile-friendly interface, making crypto accessible to a broader audience.

How Does Pi Network Work?

Pi Network utilizes a unique mining mechanism with a negative exponential declining token issuance model. This means mining rewards decrease over time as more participants join the network. This approach ensures controlled supply while incentivizing early adopters.

Pi Network Ecosystem and Adoption

Pi Network has developed a robust ecosystem enabling real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including e-commerce and brick-and-mortar businesses. Through the Pi Browser, users can access Core Team and community-built apps, including the Pi Wallet, for a seamless digital experience. Events like PiFest 2024 highlighted Pi’s adoption, showcasing over 27,000 active sellers and 28,000 test merchants across 160 countries.

Who Founded Pi Network?

Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both Stanford University PhD holders passionate about using technology to empower individuals.

• Dr. Nicolas Kokkalis holds a PhD in Electrical Engineering and a postdoc in Computer Science from Stanford. His expertise lies in distributed systems and human-computer interaction, aiming to make cryptocurrency accessible to everyday users.
• Dr. Chengdiao Fan, with a PhD in Anthropological Sciences from Stanford, focuses on social computing to unlock human potential globally. Her vision for Pi Network is to mobilize individuals and create an inclusive digital economy.

Pi Network’s Compliance and Identity Verification

Pi Network enforces a one-account-per-person policy through a Know Your Customer (KYC) solution, which uses a mix of automation and human verification. This system ensures:

• Fair mining participation.
• Prevention of fraudulent activities.
• Secure and scalable user authentication.

Where Can You Buy Pi?

PI tokens are available on centralized crypto exchanges. The most popular exchange to buy and trade Pi  is Bitget, where the PI/USDT pair has a $297,627,356 trading volume in the last 24 hours. Other notable exchanges include Gate.io and OKX.

Pi Market Performance

• Daily Trading Volume: $485,388,914 (a 1,831.60% increase in the last 24 hours).
• All-Time High (ATH): $1.97 (recorded on Feb 20, 2025).
• All-Time Low (ATL): $0.8364 (recorded on Feb 20, 2025).
• Fully Diluted Valuation (FDV): $8,887,730,841 (assuming full circulation of 100 billion PI tokens).

How Does Pi Compare to Other Cryptocurrencies?

In the last 7 days, Pi Network’s price has remained stable at 0.00%, underperforming the global cryptocurrency market (+0.50%) but outperforming other Smart Contract Platform cryptocurrencies (-1.40%).

Pi Network continues to evolve, providing users with an innovative approach to cryptocurrency mining and real-world adoption. With a growing ecosystem and strong community engagement, Pi is poised to redefine digital finance.

Stay updated with Pi Network’s latest developments and join the revolution!