After six years of waiting, the Pi Network officially opened its main website on February 20, 2025, and has been listed on exchanges such as OKX, Bitget, Gate.io, etc. The soaring price of the Pi currency has attracted a lot of attention in the market, but its real value and legitimacy have become the focus of controversy.
Samson2025/03/04
Pi Network was founded on March 14, 2019 (π-Day) by Stanford alumni Dr. Nicolas Kokkalis and Dr. Chengdiao Fan with the goal of lowering the threshold for mining and promoting inclusive cryptocurrency.
- 2019 - 2020: beta network phase with rapid growth of Pi App users.
- 2021: Pi Network launches KYC to verify user authenticity.
- 2022: 30 million users worldwide.
- February 20, 2025: Pi Network officially opens its mainnet to allow free trading.
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Pi Currency Technical Framework and Consensus Mechanisms
Pi uses the Stellar Consensus Protocol (SCP), which is different from the Proof of Work (PoW) or Proof of Stake (PoS) of Bitcoin or Ethereum, and eliminates the need for power-hungry computation and ensures network security by authenticating users through Trust Circles.
- Mining Mode: Daily Check-In + Circle of Trust Verification
- Security mechanism: Based on SCP consensus mechanism, no mining equipment required
This low-threshold model has allowed Pi Network to grow rapidly in terms of the number of users, but it has also led to a lot of discussion about how decentralized it really is.
Pi Network has 60 million registered users, 19 million of whom have completed KYC, but its blockchain technology and application ecosystem are still to be perfected.
Main Applications
✅ Pi App: Get Pi Bucks daily by clicking, inviting friends or nodes to work!
✅ Pi Wallet: KYC required to transfer assets
✅ Pi Browser: Integrate Pi Wallet, Blockchain Browser and Community Apps.
Pi Network currently has approximately 20 ApplicationsThe company's products include shopping malls, games, and social networking, but most of them are not officially certified. The official claim is that more than 100 dApps Preparing to enter the main network, the specific plan has not yet been disclosed.
Pi price surge and market capitalization controversy
Recently, the price of the Pi reached US$3 and then retreated to US$1.7.
Based on a total supply of 100 billion coins, the fully diluted market capitalization (FDV) of the Pi currency had reached $300 billion, surpassing that of Ether (about $285 billion).
The actual circulation in the market is only about 1.6 billion coins, of which 4.7 billion coins are under lock-up, which makes the calculation of the market value questionable.
3 Key Factors Affecting the Pi Price
- Social ImpactPi coin holders are mainly "non-traditional" and are more tolerant of market fluctuations.
- Exchange ListingThe results will be announced on February 28th.
- Market speculation effect: The Pi currency is similar to the mathematical constant π (3.14), and March 14 could set off a new wave of speculation.
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Market controversy: innovation or scam?
The debate over the legality and long-term value of the Pi currency intensified with the opening of the main website, with Bybit CEO Ben Zhou calling the Pi Network a "fraudulent project" and citing a warning from the Chinese police that the Hengyang Municipal Public Security Bureau had accused the Pi Network of fraud. The Pi community countered by saying Bybit's application for the Pi currency was rejected.Bybit denies this and accuses Pi Network of spreading rumors.
The maximum supply of Pi coins is 100 billion, with 80% (80 billion) allocated to the community and 20% (20 billion) reserved for the development team. The supply and release mechanism is dynamically adjusted and long-term holdings are encouraged through the locking and pledging mechanism. As of the opening of the main network, 4.62 billion Pi were in locked storage and only 1.66 billion were in circulation, which means that some users still have confidence in the long-term value of the project.
The Future of Pi Currency: Opportunities and Challenges
✅ Exchange support: If mainstream exchanges such as CoinAnn formally upload Pi Currency, it will enhance liquidity and market recognition.
✅ Eco-system development: application implementation and developer engagement will determine its long-term value
✅ Community Impact: The community is still highly cohesive, but its long-term value has yet to be verified.
How to Participate in Pi Currency? Purchase Methods, Mining and Position Locking
- Purchase Method: Investors can buy Pi through exchanges such as OKX, Bitget, Gate.io, etc.
- mining method: Mining is still possible through the official Pi App, but yields have dropped significantly from earlier times.
- Locking mechanism: some users choose to lock up their Pi positions to gain additional returns, similar to a pledge mechanism
The Simpsons' prediction for Pi.
The Simpsons is famous for its "divine predictions" of future events, and in one episode, a drawing of "I LOVE π" hangs on the wall while a TV screen nearby shows the price of the Pi currency soaring to US$314, which corresponds to the first three digits of the mathematical constant π. Rumor has it that the animated series predicted that the price of the Pi currency would reach US$314, which was the same as the first three digits of the mathematical constant π. It is rumored that the animation predicted that the price of the Pi currency would reach 314 US dollars.
Pi Currency, Pi Network FAQs
1. Can I trade in Pi Currency now?
Yes, Pi Currency has officially opened its main website on February 20, 2025 and is available on exchanges such as OKX, Bitget, Gate.io and others. Currently, investors can trade Pi Currency on these exchanges.
2. can I still mine Pi coins?
Yes, Pi Currency can still be mined through the official Pi App, but yields have dropped significantly from earlier times. In addition, users can earn additional revenue by locking their positions, similar to a pledge mechanism.
3. Why can't some users withdraw Pi coins?
Pi Network has a KYC (verification of identity) mechanism. Users who have not completed KYC cannot transfer Pi coins to the exchange. In addition, some of the Pi coins are still locked and can only be withdrawn on the scheduled unlock date.
4. Will the Pi currency be uploaded?
The results announced by CoinSecure have shown that 86% participants voted in favor of uploading the mobile mining cryptocurrency. This development marks an important step in the integration of Pi Network's local currency into the CoinSafe tradable asset list. However, Cryptocurrency has stated that while they value and consider the results of the vote, they are for informational purposes only and do not determine any decision or action that Cryptocurrency may or may not take. The activation of the project is still being evaluated and the decision will be based on MSC's official review process and criteria.
5. what is the future development of Pi-currency?
Pi Network is currently working on expanding its ecosystem to include decentralized applications (dApps), payment systems and community governance. It will be interesting to see if Pi Network can attract more developers and merchants in the future.
Disclaimer
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