Cryptocurrency PI Network

PI Network

Pi Network is a digital currency project that enables people to “mine” cryptocurrencies with their smartphones. The objective is to make the process of using cryptocurrency as simple as possible for everyone, without requiring the use of expensive computers or consuming a lot of electricity. Pi Network is a borderless social cryptocurrency, a developer platform and a self-sustained ecosystem that was planned for universal usage and functionality. It provides users the platform to both do Pi mining and transactions, but also to use an easy-to-approach interface supporting blockchain-built applications.

PI Network for Supply Model and Mining Mechanism

Pi Network follows a negative exponential declining token issuance model, where mining rates decrease over time based on time and network growth and participation. Ecosystem and Adoption Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses. Overall, Pi is the coin to pay attention to, as it is resource-backed and thus more stable. Overall, Pi is the coin to pay attention to, as it is resource-backed and thus more stable. Users are free to explore Core Team and community-built apps as well as the Pi ecosystem on the Pi Browser, a portal whose integrated features such as Pi Wallet provide a flawless experience. It is true that in this year’s PiFest 2024 event, Pi’s adoption gained ground, with 27,000 active sellers and 28,000 test merchants in 160 countries.

Who are the founders of PI Network Cryptocurrency?

The responsible for this technology role in the company is Dr. Nicolas Kokkalis. He is not only part of the one who initiated Pioneers cryptocurrency (Pi Network) but also holds a degree in Computer Science from Stanford University. He has a focus on the construction of decentralized networks, which was the focus of his thesis when he was at Stanford University.

The other co-founder of Pi Network, Dr. Chengdiao Fan is the current Chief Product Officer (CPO). She is also a holder of a Ph.D. from Stanford University and she specializes in the field of human-computer interaction and decentralized networks.

McPhillips happens to be the Chief Community Officer (CCO) as well as the last co-founder of Pi Network. He has a strong community impact background, and taking part in community building and social entrepreneurship, he was able to work on projects.

Together, these three founders tried to create an idea where a cryptocurrency would be usable by all that will enable people to dig up Pi coins straight from their smartphones without the need of pricey hardware. The plan is to construct a global, decentralized network with the core idea of user participation and community growth and support it.

Pi network compliance and identity verification

Pi Network is devoted to following the regulatory requirements and, thus, has taken numerous measures to secure a robust identity verification system for the purpose of gaining trust, security, and legal standing in the growing ecosystem. These measures are to guarantee the decadence of blockchain and protect the users from fraudulent activities as Pi Network is moving to the main net and becomes a fully functional, tradable cryptocurrency.

Where can you buy a PI network?

Currently, Pi Network coins cannot be bought on any exchanges. They can only be mined through the official Pi Network app. Pi coins will become tradable after the mainnet launch and once KYC (Know Your Customer) verification is completed.

Daily trading volume of PI Network?

As of now, Pi Network is not yet listed on any major cryptocurrency exchanges and is not tradable. Therefore, there is no daily trading volume for Pi coins at this time. Pi coins are still in the testnet phase and will only become tradable once the network reaches the mainnet phase.

What is the highest and lowest price for Pi Network (PI) Cryptocurrency?

Pi Network (PI) reached an all-time high of $2.99 and an all-time low of $0.6157. It’s now trading 52.96% below that peak and 128.24% above its lowest price.

What is the market cap of Pi Network?

The Pi network, as it stands, presently lacks a market capitalization. This is because Pi coins (PI) are not yet listed on any public cryptocurrency exchanges and are not tradable. Since the coins are still in the testnet phase and the mainnet has not yet launched, there is no market price established for Pi coins, and thus no market capitalization.

After Pi Network becomes fully ‘live’ and Pi coins are exchanged in the market, the market capitalization, on the other hand, will be computed as the product of the total supply (100 billion Pi coins) and the number of cryptocurrencies. Ethereum, Bitcoin, etc. that belong to the market of the day traded at 35 cents

Pi Network’s Vision for the Future

Pi Network’s Vision for the future is to generate a digital currency that is decentralized and affordable to all, regardless of technical skills or access to costly mining hardware. By giving the opportunity to users to mine Pi coins with their phones and the least possible energy Pi is to democratize the cryptocurrency and to stimulate its global adoption. The project dreams of a large, vibrant ecosystem where Pi coins will be able to be used in everyday transactions, while its community-driven principle is to induce the mainstream acceptance of Pi as it becomes tradable and credible in the life application.