Discover Pi Coin: From Basic Concepts to How to Participate in Trading

What Is Pi Network?

In recent years, cryptocurrencies have become a field attracting millions of people, but not everyone has the means to participate traditionally, such as mining Bitcoin. Pi Network has changed this landscape by creating a special blockchain platform that allows anyone with a smartphone to mine Pi easily without specialized equipment or deep technical knowledge.

Founded in 2019 by two Stanford University PhDs—Dr. Nicolas Kokkalis and Dr. Chengdiao Fan—Pi Network aims for a clear goal: democratizing access to blockchain technology. Unlike traditional crypto projects requiring large investments or expensive mining hardware, Pi Network allows users to start completely free of charge.

Development History and Project Vision

Both Pi Network founders are top experts in technology. Dr. Kokkalis holds a PhD in Electrical Engineering with a focus on distributed systems, while Dr. Fan has a strong background in Anthropology, focusing on human interaction. This combination creates a project balanced between technology and user experience.

Their main commitment is to make cryptocurrency truly accessible to the general public. Instead of chasing market trends, Pi Network builds an ecosystem centered on real value, practical applications, and sustainable community development.

The Relationship Between Pi Coin and Pi Network

To avoid confusion, it’s important to understand: Pi Network is the entire platform and ecosystem(ecosystem), while Pi Coin is the digital currency created and operating within that ecosystem. This relationship is similar to Ethereum (platform) and Ether (currency).

Pi Network provides infrastructure, mobile applications, and a user community. Pi Coin is a digital asset generated through participation in the network, and it can be used for transactions, payments, or interacting with applications within the ecosystem.

Key Features of Pi Network

Mobile Mining

The unique feature of Pi Network is enabling users to “mine” Pi via a simple mobile app. Every day, you just need to:

• Open the app once
• Verify your identity
• Continue using your phone normally

No high computational power, no battery drain, no slowing down devices. This approach is completely different from Bitcoin, where you need to invest in expensive GPUs or ASIC miners.

Trust-Based Verification Mechanism

Instead of energy-consuming Proof-of-Work (PoW), Pi Network uses Stellar Consensus Protocol (SCP). Instead of “solving math problems,” the system authenticates through:

• Security Circles (Security Circles): Each user selects 3-5 trusted contacts, forming a trusted network
• Global Trust Graph: These personal relationships connect to form a trust graph across the entire network
• Decentralized Security: The system ensures security without massive computational power

Different User Roles

Pi Network isn’t just for one type of user but divided into four main roles:

1. Pioneers (Early Adopters): Regular users participating in daily Pi mining
2. Contributors (Contributors): Those building Security Circles by verifying other members
3. Ambassadors (Ambassadors): Users inviting friends to join, expanding the network
4. Node Operators (Node Operators): Those running verification software on computers to support the network infrastructure

Each role has its own reward system, encouraging different contributions to the ecosystem.

No Financial Barriers

Unlike most crypto projects, Pi Network is completely free to join. No registration fees, no initial deposits, no hardware purchases. This makes Pi Network one of the most accessible crypto projects, especially suitable for beginners or those in regions with limited banking services.

Main Benefits of Participating in Pi Network

Comprehensive Accessibility

Pi Network addresses a major barrier in cryptocurrency: entry barriers. With zero initial investment, anyone worldwide can participate without financial concerns.

Energy Efficiency

Compared to Bitcoin’s enormous energy consumption (equivalent to a small country), Pi Network uses the lighter Stellar Consensus Protocol many times more efficiently. This is better for the environment and demonstrates sustainable project development.

Financial Inclusion (Financial Inclusion)

For countries with weak banking infrastructure, Pi Network offers an opportunity to access decentralized financial systems without traditional bank accounts.

User-Friendly Experience

The Pi app works like any other mobile app—simple, intuitive, and straightforward. You don’t need to understand blockchain or cryptocurrencies to use it.

Identity Verification (KYC)

Pi Network requires KYC identity verification to prevent fake accounts, ensuring each person owns only one account.

Ecosystem Potential

With the mainnet officially active, developers can build decentralized applications (dApps) on the Pi platform, creating a diverse service ecosystem.

How Pi Network and Pi Coin Operate

How Pi Network Works

Pi Network uses Stellar Consensus Protocol (SCP) to validate transactions without traditional mining:

1. Users build Trust Circles: Each chooses 3-5 trusted contacts
2. Cross-Verification: Members within circles confirm each other’s authenticity
3. Forming the Global Trust Graph: These relationships connect to create a trust network
4. Transaction Validation: The system uses this graph to verify transactions without heavy computing power

Since December 2021, Pi has transitioned to the Mainnet blockchain with a “closed” (closed) status, requiring users to complete KYC to transfer mined coins. The project is progressing toward an “open mainnet” (open network) to fully connect with external blockchains and exchanges.

How Pi Coin Works

Pi Coin is the currency created through participation in the Pi Network ecosystem. Users earn Pi by:

• Daily Login: Verifying presence via the mobile app
• Building Trust Circles: Expanding the trust network
• Running Nodes: Operating verification software to support the network

These coins can be used to:

• Trade on exchanges supporting Pi (such as MEXC)
• Pay for goods and services within Pi Network
• Transfer money between users

Tokenomics (Token Distribution)

Total Supply

Pi Network caps the total supply at 100 billion Pi coins, distributed as follows:

• 80% to the community
• 20% to the core development team

This ratio clearly prioritizes community service over internal profit.

Community Distribution Structure (80 Billion Pi)

1. Mining Rewards (65 Billion Pi):

   • About 30 billion Pi mined before mainnet
   • Remaining 10-20 billion Pi expected after KYC completion
   • The rest will be distributed through the new mainnet mining system

2. Ecosystem Development (10 Billion Pi):

   • Managed by the Pi Foundation (to be established)
   • Funding community events and development projects
   • Supporting the building of decentralized applications (dApps)

3. Liquidity Fund (5 Billion Pi):

   • Ensures liquidity within the ecosystem
   • Supports smooth trading for users

Decreasing Reward System

Pi applies a diminishing reward model over time:

• Annual reward limits decrease gradually
• Incentivizes early participation: early joiners receive higher rewards
• Ensures long-term sustainability of the project

Detailed Guide: How to Sell Pi Coin

Step 1: Complete KYC and Transfer Coins

Before selling any Pi coins, you need to:

• Complete KYC process in the Pi app
• Transfer coins from Pi Network wallet to the open mainnet blockchain
• Only verified and transferred Pi coins can be sold

( Step 2: Choose a Trading Platform

Currently, Pi is listed on several major exchanges, including MEXC. When selecting an exchange, consider:

• Security
• Trading fees
• Available trading pairs )e.g., PI/USDT###
• Customer support

( Step 3: Transfer Pi to Exchange Wallet

This process is straightforward:

1. Open the Pi app or access Pi Browser
2. Go to “Send/Withdraw” )Send/Withdraw###
3. Copy deposit address from MEXC
4. Paste into Pi app
5. Enter the amount of Pi to transfer
6. Confirm transaction and wait for processing (usually a few minutes to a few hours)

( Step 4: Place a Sell Order

Once Pi is in the exchange wallet:

1. Access the trading area )Trading###
2. Select the PI/USDT trading pair (or other available pairs)
3. Decide between:
   • Market Order (Market Order): Sell immediately at current price
   • Limit Order (Limit Order): Set desired price, wait for execution
4. Enter the amount of Pi
5. Confirm the order

( Step 5: Withdraw Funds or Reinvest

After successful sale:

• Keep funds on the exchange for further trading
• Convert to other cryptocurrencies for diversification
• Withdraw to bank account via fiat withdrawal process )fiat withdrawal###

Security Tips:

• Use strong passwords
• Enable two-factor authentication (2FA)
• Double-check all info before confirming

Current Value of Pi Coin

As of 27/02/2025, Pi coin trades at approximately $2.7639 on major exchanges like MEXC. Pi’s price fluctuates based on market conditions, supply and demand, and project news.

To track the latest prices, you can:

• Check CoinGecko or CoinMarketCap
• View directly on the exchange where Pi is listed
• Follow Pi Network community news

The Future of Pi Network

( Development Strategy

Pi Network is entering a crucial new phase: transitioning from “closed mainnet” )closed network### to “open mainnet” (open network). When this happens, Pi coin will be able to:

• Connect with other blockchains
• Trade freely on international exchanges
• Be used in external applications outside the Pi ecosystem

( Development Roadmap )Roadmap###

According to the project plan:

1. Expand dApp Ecosystem: Encourage developers to build decentralized applications using Pi
2. Cross-Chain Interaction (Cross-chain): Enable Pi to interact with other blockchains
3. Business Partnerships: Find traditional businesses accepting Pi payments
4. Global Payments: Become an international payment system backed by real goods and services

( Long-Term Potential

Pi Network aims to position itself as a digital currency for the general public. With tens of millions of users worldwide, it’s the first crypto project that allows everyone to participate easily without technical knowledge or large investments.

Is Pi Network Legitimate?

) Proof of Legitimacy

1. Transparent Founding Team: Two Stanford PhDs with publicly available profiles and verifiable credentials
2. Cautious Development Roadmap: Instead of promising quick profits, Pi Network pursues a multi-year development strategy
3. No Initial Investment Required: Unlike Ponzi schemes or scams, Pi is completely free
4. KYC Verification: Demonstrates commitment to regulatory compliance
5. Official Listing: Pi has been listed on legitimate exchanges like MEXC—rare for scam projects
6. Continuous Development: Has a history of ongoing technical development and ecosystem expansion over years

Addressing Criticisms

Why does Pi take so long to develop?
Complex blockchain projects require years to build secure infrastructure. Caution indicates seriousness.

Why isn’t Pi’s price clear from the start?
Pi didn’t have an official market price until it was listed on exchanges. Currently, Pi is traded on MEXC and others with transparent prices reflecting real supply and demand.

Is mining Pi safe?
Yes. Pi uses Stellar Consensus Protocol instead of energy-consuming Proof-of-Work, which is a proven safe method in other blockchain systems.

Frequently Asked Questions

When did Pi Network start operating?
The mobile app launched in 2019, mainnet closed in December 2021, and recently transitioned to the open mainnet phase.

When has Pi Coin been tradable?
Since the mainnet officially launched, Pi has been traded on legitimate exchanges. After completing KYC, users can transfer coins to exchanges.

How much Pi can I earn?
The amount depends on roles ###Pioneer, Ambassador, Node Operator###, participation level, and mining duration. No exact prediction, but early participants usually earn more.

Can I sell Pi now?
Yes, provided you completed KYC, transferred coins to the open network, and moved them to an exchange like MEXC.

What will Pi’s price be in 2030?
Very hard to predict. Price depends on user growth, ecosystem development, and global crypto market trends.

What makes Pi different from other cryptocurrencies?
Pi stands out for its accessibility (free to join), no hardware needed (, energy efficiency )Stellar Protocol(, and focus on real value over speculation.

Is mining Pi safe?
Yes. Pi doesn’t require heavy mining software, doesn’t drain battery significantly, and is built by reputable scientists.

Conclusion

Pi Network offers a novel approach to cryptocurrency, prioritizing global accessibility over quick profits. By enabling anyone with a smartphone to participate, Pi has opened the door for millions left behind in the digital revolution.

With the mainnet active, Pi coin traded on major exchanges, and a growing ecosystem of applications, Pi Network is gradually turning its vision into reality—creating a widely accepted digital currency serving everyone.

Whether you’re interested in playing Pi as a hobby, trading Pi Coin, or exploring innovative blockchain projects, Pi Network is a significant reference point in understanding the future of cryptocurrency.