PI/USD (6.63%)
Pi (PI) is a cryptocurrency launched by the Pi Network on March 14, 2019. It is designed to simplify crypto mining via a mobile app. So, no heavy hardware is needed for the process. The project was founded by a team of crypto enthusiasts who are PhD holders from Stanford University.
It has attracted over 35 million users globally, particularly in Asia, thanks to its unique model of earning coins through daily app check-ins. The app also offers quick, cheap transfers, which, combined with the relative ease of use, has led to huge usage volumes. Pi blends innovation with a mission to make digital currency accessible. It has over 100,000 nodes already active, which are supporting its growing ecosystem.
A Bit About Pi
Pi can be described as a cryptocurrency for the masses. It is a people-oriented project founded by a team led by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. The leaders hold Ph.D.s from Stanford University and have some experience handling crypto matters. This crypto stands for accessibility, unity, and inclusivity. The name ‘Pi’ is inspired by the mathematical constant’s infinite nature. This infinite is universal in nature, a character that Pi embodies to the maximum.
Another thing that makes Pi a universal coin is the possibility of mining it within an app. This has helped people to build a large peer-to-peer economy that transfers billions of dollars worth of assets each day. The project has its headquarters in Silicon Valley with a global team that forms the social movement and shapes its decentralized future.
Mine your own coins using a handy mobile app!CryptoLists.com
The project is level 1 crypto and based on the Pi network. Users can hold coins in the network and mine more for rewards. One thing that makes this network different from many ecosystems is that anyone can be a miner and holder of the cryptocurrency without any additional hardware purchase.
Pi (PI) blockchain uses a Stellar Consensus Protocol variant. SCP relies on a federated Byzantine agreement, where nodes form trusted ‘quorum slices’, which are small groups of peers they rely on for agreement. In Pi’s adaptation, lightweight mobile nodes participate. Transactions are confirmed when overlapping quorums agree. For mining, users tap a lightning button daily to ‘mine.’ They earn coins based on a meritocratic system that rewards participation and community growth.
The rates for miners are halved once a given milestone is reached. For example, after every 1 million new coins are mined. This helps retain scarcity to keep the value of each coin high. The project plans to start Open Mainnet, a project aimed at unlocking trading and Web3 utility. It is expected that the move will transition PI into a fully decentralized, globally spendable currency.
Utility of Pi?
Pi (PI) aims to enable everyday transactions. Users can spend it on goods or services in Pi’s app ecosystem once the Open Mainnet launches. A good number will buy these products on Pi Network, although we expect vendors online to start accepting the coin. Students, vendors, and crypto beginners mine it via the mobile app. This requires no cost or expertise, which makes a good starting point in crypto investment.
Mining benefits include earning PI daily with a simple tap. You can also earn extra rewards by inviting friends or running nodes. At the moment, staking rewards don’t exist as there are no staking pools. Instead, locking up PI boosts mining rates and earns you more cash. Governance features allow Pioneers to vote on network decisions based on the Pi coins. The community can vote on updates and the direction of the coin in the near future.
Pi Price details
›› PI tokenomics and social media
Advantages of Pi
+ You can mine Pi easily from your phone+ No energy-hogging hardware is required to mine and use the coin
+ Tiny fees make transfers affordable for general users
+ There is a huge community that boosts its reach
+ The coin has huge trading and utility potential
Disadvantages
- PI coin is almost still 'pre-launch', so not fully usable- IOU trading with the coin can be risky
- Its big user base might dilute value down the line
- There have been delays in releasing vital features, which hurts trust
- The Pi development team lacks transparency on prospects
Costs
▪ Rated at 9/10In the closed mainnet, transfers cost as little as 0.0000099 PI. This is almost free. These fees feed a pool that rewards node runners and active Pioneers who ensure that this network is safe, and each transaction is well verified. Once the open mainnet becomes fully functional, users will enjoy very low rates for the purchase of goods and services. The transaction fee is significantly lower than what users pay to use leading blockchains like Bitcoin and Ethereum, something that makes this coin a suitable alternative for daily buying and selling.
Reputation and Buzz
▪ Reputation rated at 8.5/10▪ Buzz rated at 10/10
Pi (PI) enjoys a huge positive buzz word. From the date of its launch, the project has received positive coverage on social media and crypto forums around the world. This is partially the reason why it has received over 35 million users worldwide. A number of things have contributed to the growing fame. First, it allows for easy mining and cheap transfers via mobile devices, a kind of accessibility not available in most blockchains. The anticipation for the Open Mainnet marketplace is also creating lots of anticipation among the coin users.
FAQ
Does Pi (PI) offer staking rewards?
No staking is allowed as of now, as there are no pools in place. However, you can earn rewards from mining, node roles, and community tasks. Keep checking the website to know if and when Pi staking may start.
What can I use Pi (PI) for?
Pi (PI) is designed for everyday purchases within its ecosystem, like buying goods or services through apps connected to the Pi Network. However, this functionality awaits the Open Mainnet launch, which is expected to enable seamless peer-to-peer transactions. At the moment, only trading is going on.
Are there governance features in Pi?
Yes, Pi includes governance functions as it lets Pioneers vote on network decisions. This covers app updates, policy changes, or ecosystem rules. This way, users are a part of its development.
History of Pi
March 2019 - Pi Network launches on Pi Day (14th), where it introduces mobile mining.
December 2021 - Enclosed mainnet begins, which lets Pioneers migrate PI.
February 2025 - IOUs spike by 80%, which signals hype as the mainnet nears.
Febraury 20 - The Pi Mainnet Launch finally happens!
Screenshots from Pi
More sites where to buy/sell/trade Pi
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin. Click on the logo to read our review.
Pi details and tokenomics
📋 Review Information
Last reviewed: March 20, 2025
Available official sources:
- Official website
- Whitepaper/Technical documentation
- Blockchain explorer
- GitHub repository
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before investing.
