What is Pi Network?

What is Pi Network?

Pi Network's is its own self sufficient universe where users can barter for all kinds of goods and services using their cell phone with each other and merchants using Pi coin. The Pi Network ecosystem is going to consist of simple, intuitive dApps of real-world utilities that enable practical use cases for Pi coin in people's daily life, such as payments, commerce, and services.

Pi Network also created a Web 3 environment where merchants operate under their own .Pi domain name. In Web 3, users gain true ownership of their data, digital assets, and identities through decentralized systems, reducing reliance on centralized platforms that can harvest or misuse data. Users can stake cryptocurrencies or provide liquidity on DeFi platforms to earn rewards. Token-based economies reward users for participation, such as content creation or community governance and airdrops, aligning incentives between platforms and users. 

Pi Network excels in accessibility, user ownership (via KYC (Know Your Customer) and DID (Decentralized Identity)), and community-driven development. Pi Network has attracted over 65 million users (the most among crypto projects) in over 200 countries and is still growing fast. Pi Network is revolutionary because no crypto project is doing things its way. 

What Pi Network needs now is massive Dapp building and massive adoption. With Pi network putting in place the $100 million venture fund and Pi App Studio helping App development using AI, there is no doubt that ecosystem prosperity and mass adoption will come. Pi Network has accomplished a lot, its infrastructure is ready, it's time to accelerate for a bright future ahead. 

As far as massive adoption is concerned, Pi Network needs to quicken its KYC and coin migration efforts. Among its 65 million users, only around 14 million KYCed and 12 million users with coin migrated to mainet wallets. Coin migration is important since Network activity will be limited with a limited number of coin available to use. There are a lot of users who get only 10% of their token available to use after migration and 90% will be locked for 3 years and there’s not much available to help the ecosystem. Even though there are plenty of Pi coins in exchanges being traded, they are not helping the ecosystem since one needs to join Pi Network in order to mine Pi coin free and participate in its services which can in turn help adoption. 

As far as I see it, Pi Network's future is very bright and good news will keep on coming. Have faith and be patient, we will be handsomely rewarded. All crypto projects take time to build, their token prices start small and grow big in time. It took a while for the following crypto giants to reach tremendous gains in price after they are listed (and $Pi has only listed since February 20, 2025):

Bitcoin ( $BTC): Launched July 2010 at $0.05–$0.10, hit $122,979.87 ATH in July 2025, a huge 24,559,600% gain in 15 years, currently ~$118,052.42, while five-year gain is ~+1,250%.

Ethereum ( $ETH): Launched July 2015 at $0.311, hit $4,878 ATH in November 2021, a 1,568,300% gain in 6years, currently ~$3,621.93. Five-year gain: ~+2,000%.

Binance Coin ( $BNB): Launched July 2017 at $0.09611–$0.15, hit $788 ATH in December 2024, a 820,700% gain in 7 years , currently ~$731. Five-year gain: ~+3,400%.

Solana ( $SOL ): Launched March 2020 at $0.50–$0.65, hit $294.85 ATH in November 2021, a 58,900% in less than 2years, currently ~$176.75. Five-year gain: ~+7,000%.

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Link: http://minepi.com/kimwpinet

Referral Code: kimwpinet

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