What is Pi Network?
Pi Network is a blockchain-based cryptocurrency project that allows users to mine digital currency via a mobile app. It was created by a team of Stanford University graduates in 2019 with the goal of creating a decentralized digital currency that is easy to use and widely available. Pi Network is like a combination of a digital currency, an app, and a multi-level marketing (MLM) scheme.
Pi Network goals
The purpose of Pi Network is to make digital currency mining accessible to everyday users via a mobile app. The project aims to democratize access to cryptocurrency and create a user-friendly environment for individuals unfamiliar with cryptocurrency. Pi Network's long-term goal is for Marketplace transactions, buying goods and selling Goods, buying Services, selling services, integration into the decentralized apps on Pi's blockchain, and also for P2P transactions.
Pi Network fondamentals
The total Supply of Pi coins is 10897878573 PI. The maximum Supply of Pi coins is also 10897878573 PI. This means that no more than this amount will ever exist. The token distribution plan is divided into four main categories: mining rewards, ecosystem development, liquidity pools, and core development team. The mining rewards category has 65 billion Pi, which is 65% of the total Supply, reserved for mining rewards. The ecosystem development category has 10 billion Pi, which is 10% of the maximum Supply, allocated to support applications, developers, and community-driven projects. The liquidity pools category has 5 billion Pi, which is 5% of the total Supply, set aside to provide Market stability and ensure smooth trading. The core development team category has 20 billion Pi, which is 20% of the total Supply, allocated to the developers and founders of Pi Network.
Marketcap
$11.91B
Total number of Pi Network
10897878573 PI
Pi Network technology
Pi Network uses the Stellar Consensus Protocol, which enables user-friendly, mobile mining. The project's technology allows users to mine Pi coins by simply pressing a button on their mobile app once a day. The mining process does not require solving complex mathematical problems, but instead focuses on user engagement and network growth. Pi Network's blockchain is not yet fully functional, and the project is still in the testing phase.
Pi Network competitors
Pi Network differentiates itself from competitors by allowing users to mine digital currency via a mobile app, making it accessible to everyday users. The project's use of the Stellar Consensus Protocol enables user-friendly, mobile mining. Pi Network's competitive advantages include its large user base, with over 33 million users, and its potential for widespread adoption.
Pi Network price history
Frequently asked questions
Pi Network is a blockchain-based cryptocurrency project that allows users to mine digital currency via a mobile app.
Pi Network uses the Stellar Consensus Protocol, which enables user-friendly, mobile mining. Users can mine Pi coins by simply pressing a button on their mobile app once a day.
The purpose of Pi Network is to make digital currency mining accessible to everyday users via a mobile app. The project aims to democratize access to cryptocurrency and create a user-friendly environment for individuals unfamiliar with cryptocurrency.
The total Supply of Pi coins is 10897878573 PI. The maximum Supply of Pi coins is also 10897878573 PI.
Pi coins are not currently available to buy or sell. The only way to acquire Pi coins is through the Pi Network app.
The project has been criticized for its lack of transparency and potential pyramid scheme-like behavior.
Pi Network differentiates itself from competitors by allowing users to mine digital currency via a mobile app, making it accessible to everyday users. The project's use of the Stellar Consensus Protocol enables user-friendly, mobile mining.
The token distribution plan is divided into four main categories: mining rewards, ecosystem development, liquidity pools, and core development team.
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