Pi NetworkPI Price#34

$0.53

5.61%

DescriptionPi Network, symbolized by PI, is a pioneering cryptocurrency project that aims to make crypto mining accessible to everyday smartphone users, thereby fostering a highly distributed and inclusive digital economy. Unlike traditional proof-of-work cryptocurrencies that demand significant computational power and energy consumption, Pi Network allows users to mine PI coins directly from their mobile phones without draining battery life or consuming excessive data. This is achieved through a novel consensus algorithm that leverages a user s social connections and contributions to the network s security rather than energy-intensive calculations. The core vision of Pi Network is to build a utility-driven ecosystem where the Pi cryptocurrency serves as a medium of exchange for goods and services within its decentralized applications DApps. The project is still in its enclosed mainnet phase, meaning that while users can mine and accumulate Pi coins, the asset is not yet widely tradable on public exchanges. This deliberate phased rollout is intended to ensure network stability, security, and the development of a robust utility ecosystem before opening up to broader market exposure. The team behind Pi Network emphasizes a slow and steady approach, focusing on building a strong community and developing real-world applications for the Pi coin. Users contribute to the network s security by simply opening the app daily and confirming their presence, thereby acting as a mobile node. This participation mechanism creates a trust graph where users vouch for each other, strengthening the network s integrity. The project also incorporates a Know Your Customer KYC verification process, which is a crucial step for users to migrate their mined Pi to the mainnet blockchain and eventually utilize it for transactions or trade. This step is designed to prevent fraudulent accounts and ensure the network s long-term viability and compliance. Pi Network envisions a future where its native cryptocurrency can be used for a wide range of transactions, from purchasing goods and services in peer-to-peer marketplaces to supporting decentralized applications within the Pi ecosystem. The project aims to empower individuals globally by providing easy access to cryptocurrency, democratizing the digital asset space, and enabling economic inclusion for populations traditionally underserved by financial institutions. By focusing on utility and community building prior to full public listing, Pi Network seeks to establish a sustainable and valuable digital currency for the masses, emphasizing the importance of widespread adoption and practical use cases over speculative trading. The emphasis on mobile accessibility and user-friendly design positions Pi as a potential gateway for millions to enter the blockchain space.

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Tokenomics

Total Supply	10,892,305,365 PI
Max Supply	100,000,000,000 PI
Circulating Supply	10,892,305,365 PI
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Mining Info

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