Market Data & Token Stats
| Fully Diluted Valuation | $2.68B |
|---|---|
| 24H Trading Volume | $10.52M |
| 24H Low / High | $0.1670 / $0.1713 |
| Circulating Supply | 10.28B |
| Total Supply | 15.82B |
| Max Supply | 100.00B |
Key Project Information
| Categories | Layer 1 (L1) 2 more |
|---|---|
| Founder | Nicolas Kokkalis 1 more |
| Website | minepi.com Whitepaper |
| Socials | 2 more |
| Explorer | Minepi |
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Pi Network (pi) Expert User Reviews
Is Pi Network safe or a scam? Read verified Crypto OG reviews about Pi Network
$pi Markets
| Name | Pair | OG Score |
|---|
About Pi Network
Pi Network ($PI): An Informative Overview
History and Project Origins
Pi Network ($PI) was launched on March 14, 2019, by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, with the goal of creating a cryptocurrency accessible to everyday users without specialized hardware. The project allows participants to mine $PI using smartphones, providing an energy-efficient alternative to traditional cryptocurrency mining. The platform emphasizes inclusivity and community-driven participation.
Core Technology and Features
Pi Network ($PI) uses a consensus mechanism inspired by the Stellar Consensus Protocol (SCP), which enables secure and efficient transaction verification on mobile devices. Its architecture includes multiple layers, supporting application development, consensus and utility functions within the ecosystem.
Key features include
Mobile Mining
Users can mine $PI using smartphones without energy-intensive processes, making cryptocurrency participation accessible to a wider audience.
Crowd-Scaled KYC
The network uses a Know Your Customer (KYC) process to verify real participants, reducing fraudulent accounts and enhancing security.
Community Governance
Participants can engage in governance decisions that guide the project’s development and ecosystem policies.
Developer Ecosystem
Pi Network provides tools for developers to build applications and services that operate within the network, contributing to the growth and utility of $PI.
Use Cases and Ecosystem
Pi Network ($PI) aims to support real-world applications, including
Digital Transactions
Enabling peer-to-peer payments within the ecosystem and potentially with participating merchants.
Community Projects
Supporting initiatives that use $PI for community or charitable activities.
Developer Applications
Providing a platform for developers to create decentralized applications and services within the Pi Network environment.
Tokenomics
The total supply of $PI is fixed at 100 billion tokens. Tokens are distributed through user participation and mining activities. Planned features such as staking are expected to provide additional incentives for engagement and token retention. The demand for $PI is intended to grow as more participants and developers use the network for digital transactions and applications.
Community and Development
Pi Network maintains an active community that contributes to ecosystem development and governance. The project continues to focus on expanding use cases, developer engagement and secure identity verification through KYC processes.
Conclusion
Pi Network ($PI) offers a mobile-first, accessible approach to cryptocurrency. By combining energy-efficient mining, community governance and developer tools, it aims to create an inclusive and functional digital ecosystem. The project focuses on accessibility, security and practical utility, positioning $PI as a user-oriented platform within the evolving Web3 landscape.
What is the mobile mining feature and how does it actually work?
Unlike traditional crypto mining that uses a computer’s processing power, Pi Network’s mobile mining works like a daily check-in. Users open the app once a day and tap a button to confirm they are active and real. This action helps secure the network and rewards them with $PI. It consumes minimal battery and data because no heavy calculations are performed on the phone.
How does community governance influence decisions in Pi Network?
The network allows users to participate in governance by providing input on proposals and updates. Active participants can influence development priorities, feature releases and ecosystem policies, helping the platform grow in a way that benefits the community.
Why is the transition from Testnet to Mainnet important?
The move from Testnet to Mainnet marks the shift from a trial environment to a live blockchain. Users can now transact $PI on the operational network and developers can launch applications that function in real conditions.
What role does the consensus mechanism play in Pi Network?
The consensus system, inspired by the Stellar Consensus Protocol, enables secure and efficient validation of user activity and transactions. It avoids energy-intensive computations, keeping the network lightweight and accessible on mobile devices.
Who founded Pi Network and what was the vision?
Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan in 2019. Their vision was to make cryptocurrency accessible to everyday users through smartphones, without requiring specialized equipment or deep technical knowledge.
What makes Pi Network unique among cryptocurrencies?
The project is unique because it enables mobile-based mining, emphasizes community-driven governance and provides tools for developers and users to create applications within the ecosystem, all while focusing on accessibility and security.
Who are the founders of Pi Network (PI)?
The founders of Pi Network $PI are Dr. Nicolas Kokkalis and Dr. Chengdiao Fan.
Where can I buy Pi Network (PI)?
Information in this section carefully collected and curated from publicly available data from official sources, including the Pi Network Official Website, Pi Network Whitepaper, Pi Network GitHub Repository and Pi Network X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
Join
OGAudit
