Pi Network is a novel cryptocurrency project developed by a team of Stanford PhDs with the goal of creating a user-friendly and environmentally sustainable digital currency. Unlike traditional cryptocurrencies like Bitcoin and Ethereum that require powerful hardware and significant energy consumption for mining, Pi Network allows users to mine coins directly from their mobile devices with minimal resource use.
Mobile-First Mining: Anyone with a smartphone can mine Pi using the Pi Network app, without draining their battery or using significant data.
Eco-Friendly: Pi uses the Stellar Consensus Protocol (SCP), which is far more energy-efficient than Proof-of-Work mechanisms used by older cryptocurrencies.
Strong Community Focus: The project emphasizes building a global peer-to-peer economy and rewards users for inviting others and maintaining a secure network.
Inclusive Philosophy: Pi’s goal is to make cryptocurrency accessible to the average person, not just early adopters or technically skilled individuals.
Decentralized Ledger: Like other blockchains, Pi aims to create a secure and transparent system of transactions.
Security Circles: Users validate each other through trusted networks of individuals, enhancing the network’s integrity.
Enclosed Mainnet Phase: As of 2025, Pi is in the “enclosed mainnet” stage, meaning the blockchain is live but not yet connected to external networks, exchanges, or tradable outside its ecosystem.
KYC and Real Identity: Pi requires users to verify their identity via KYC (Know Your Customer) before fully unlocking their mined coins.
Pi Network envisions becoming a fully decentralized and user-governed digital currency that can be used in everyday transactions — from buying goods and services to supporting decentralized apps (dApps). Its roadmap includes:
Phase 1 (Design & Token Distribution) – Completed.
Phase 2 (Testnet) – The project launched a Testnet to prepare for migration and smart contract functionality.
Phase 3 (Mainnet) – Currently in the Enclosed Mainnet phase, focusing on KYC, ecosystem development, and preparing for open exchange listing.
Phase 4 (Open Mainnet) – In the future, Pi will be listed on public exchanges once the network is deemed ready and decentralized enough.
Over 45 million engaged users (known as “Pioneers”).
Thousands of Pi-based apps (PiApps) are being tested within the ecosystem.
Utility-based use cases are actively being developed and tested via the Pi Browser.
As of now, Pi coins are listed on some exchanges and do have an official market value on most platforms.
Open Mainnet: Pi Network has launched its mainnet, and users who have passed KYC are able to transfer Pi from the app to external wallets.
Pi Network is a cryptocurrency project developed by a team of Stanford graduates that aims to allow users to mine coins using their mobile phones. Its goal is to build a peer-to-peer ecosystem where Pi coins can be used for everyday transactions.
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