What is PI Network? Information about PI Token?

Table of Contents

1. What is Pi Network?

Launched in 2019, Pi Network is an innovative cryptocurrency project that allows users to mine PI directly on their mobile devices without consuming significant energy, thanks to the Stellar Consensus Protocol (SCP).

The project aims to make cryptocurrency more accessible, not only for individuals with advanced technical knowledge or large capital but also for the general public. Currently, Pi Network has attracted around 60 million users mining PI, with over 19 million users completing KYC and 10 million successfully transitioning to the Mainnet.

Previously, PI had no market value as it was not listed on major exchanges, leading to debates about its legitimacy and data security. However, by 2025, Pi Network officially launched its Open Network on February 20, 2025, and was listed on exchanges such as OKX, HTX, BitMart, and CoinW.

Related: What is KYC Pi Network?

2. Key Features of Pi Network

2.1. Easy Mobile Mining

Unlike Bitcoin, which requires massive computing power, Pi Network allows users to “mine” PI simply by opening the app once a day and tapping a button to check in. The app is designed to be battery-efficient and does not drain phone resources, making participation simple and convenient.

2.2. Stellar Consensus Protocol (SCP) – Energy Efficient & Effective

Instead of using Proof of Work (PoW) like Bitcoin, Pi Network adopts the Stellar Consensus Protocol (SCP), a more energy-efficient and effective mechanism for transaction verification, ensuring a sustainable and eco-friendly network.

2.3. Large & Active Community

Pi Network has built a massive global community, including a strong presence in Vietnam. The active participation of users has significantly contributed to the project’s growth and recognition in the crypto market.

2.4. Referral-Based Growth – Faster PI Mining

Pi Network uses a referral marketing model, encouraging users to invite friends to join. When a user successfully refers someone, their PI mining rate increases, helping the network grow quickly and motivating users to engage.

3. Why Do So Many People Join Pi Network?

Like any project, Pi Network carries risks. It has the potential for massive success, but it could also fail. However, one undeniable fact is that over 60 million people have already joined. What makes Pi so attractive? There are two main reasons:

3.1. Free Mining – No Financial Risk

Unlike many cryptocurrencies that require an initial investment, Pi Network allows users to mine for free in its early phase. No capital investment, no expensive hardware—all you need to do is download the app and check in daily to receive PI.

This creates a “nothing to lose” mentality, encouraging people to join without worrying about financial risks. This has been a crucial factor in Pi’s rapid growth.

3.2. The Hope for “The Next Bitcoin”

Many users join Pi hoping that it could be the next big opportunity in the crypto market. They believe Pi might follow Bitcoin’s early trajectory.

Back in 2010, 10,000 BTC was only enough to buy two pizzas. At that time, Bitcoin seemed worthless. But today, 1 BTC is worth around $40,000, making early Bitcoin holders millionaires.

With this mindset, many people are betting on Pi, hoping that if the project succeeds, the value of PI will rise significantly in the future.

4. How Does Pi Network Work?

To mine Pi, simply open the app once every 24 hours and tap the lightning button ⚡ to start mining. You do not need to keep the app open—just tap the button and Pi will continue mining in the background, even without an internet connection.

A major advantage of Pi is that you don’t need to log in every time—your credentials are saved from your first login. You can also set a password to protect your Pi balance.

You can increase your Pi mining rate by inviting friends and family to join the network. After three days of mining, you can further boost your earnings by building your security circle.

This enhances the overall security of the network while providing additional benefits to you. Remember, early adopters have a higher mining rate than those who join later.

5. Team

🔹 Nicolas Kokkalis (Chief Technology Officer)

Visiting professor in Computer Science at Stanford University.
Expertise in AI, machine learning, social networks, and blockchain.
Founder and CEO of StartX Med, a Stanford-based medical startup incubator.

🔹 Chengdiao Fan (Head of Product)

Holds a PhD in Computer Science from Stanford University.
Specializes in machine learning, natural language processing, and data analytics.
Technical advisor for multiple startups and non-profit organizations.

🔹 Vincent McPhillip (Head of Community)

Holds an MBA from Stanford University.
Specializes in business strategy, product management, and market development.
Founder and CEO of World Harmony Project, a non-profit promoting global cooperation.

6. Overview of PI Token

6.1. Basic Information

Token Name: Pi Network
Token Symbol: PI
Blockchain: Pi Network
Total Supply: 9,294,000,000 PI
Max Supply: 100,000,000,000 PI
Circulating Supply: 6,041,000,000 PI

6.2. Use Cases of PI Token

Medium of Exchange: Used for trading goods and services within the Pi ecosystem.
Attention Marketplace: Users can spend PI to gain exposure or earn PI through ads.
DApp Platform: Serves as the payment and interaction unit for decentralized applications.
Mining Rewards: Encourages users to contribute to network security and growth.
Governance: Allows users to participate in decision-making processes.
Liquidity: Facilitates transactions within the ecosystem, ensuring economic incentives.
Mainnet Utility: Once KYC is completed, PI can be used to purchase goods, services, and enhance mining speed.

6.3. Where to Buy PI Token?

Investors can buy/sell PI on major exchanges like OKX and Bitget.

Buy PI on OKX here!!!

7. Conclusion

This article has provided a comprehensive overview of Pi Network and PI Token. Whether Pi will become the next big thing in crypto remains uncertain, but its innovative approach and massive community make it an exciting project to watch.

Good luck with your investments!

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