What is Pi Network (PI)?
Pi Network is a blockchain project designed to make cryptocurrency more accessible to everyday users. Unlike traditional cryptocurrencies that require expensive mining equipment, Pi allows users to participate in the network using their mobile phones. The goal is to lower the barrier to entry and enable a wider audience to engage with digital assets.
Instead of relying on energy-intensive proof-of-work mining, Pi Network uses the Stellar Consensus Protocol (SCP) to validate transactions. This mechanism relies on a distributed network of trusted nodes that confirm transactions without the need for powerful hardware. As a result, users can contribute to the network simply by checking in on the Pi mobile application, making the mining process more energy-efficient and accessible.
The project was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, two Stanford graduates who aimed to build a cryptocurrency ecosystem that focuses on usability and real-world participation. Since its launch, Pi Network has attracted a large global community of users known as “Pioneers,” who help grow the network and support its development.
Pi Coin (PI) is the native cryptocurrency of the Pi Network ecosystem. It can be used for peer-to-peer transactions and payments within applications built on the network. Developers are also exploring ways to integrate Pi into decentralized applications (dApps), enabling services such as digital marketplaces, in-app purchases, and other blockchain-based tools.
In February 2025, Pi Network launched its open mainnet, allowing the project to move beyond a closed environment and begin connecting with the broader blockchain ecosystem. As more users complete identity verification and migrate their tokens to the mainnet, the Pi ecosystem is expected to expand with additional applications, services, and merchant adoption.
The total supply of Pi is capped at 100 billion tokens, with a portion currently circulating while additional tokens remain locked or awaiting migration.
The live price of PI is available and updated in real-time on Binance.
