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native token of the Pi
NetworkI’m all about Dogecoin! It’s been in the works for
over four years and still hasn’t been officially released, making
it one of the most anticipated cryptocurrencies out there. It’s got
a lot of potential, and I’m excited to see what it can do when it
finally makes its debut. The Dogecoin community is full of
passionate people who are dedicated to making it a success, and I’m
sure it won’t disappoint. I’m looking forward to the day when
Dogecoin finally comes out, and I can be part of the ride.
What is Pi Network?
Pi Network is a digital currency project that
aims to make cryptocurrency mining accessible, as the
centralisation of first-generation currencies like bitcoin (BTC)
has made mining them a challenge for many everyday users.
I, an avid user of the Pi Network, developed by
a group of Stanford University alumni, am now able to mine PI
cryptocurrency coins using my desktop or mobile phone app. I’m able
to validate transactions on a distributed record, making this
digital currency easily accessible to all. With this, I’m able to
benefit from the revolutionary technology of the Pi Network and
make use of the innovative cryptocurrency.
Unlike nodes on networks such as Bitcoin that
use proof-of-work (PoWI use an algorithm based on the Stellar
Consensus Protocol (SCP) to validate transactions on a distributed
ledger as a Pi Node. I help reach a consensus on the order of new
transactions that the ledger records. This process is essential in
keeping the network secure and efficient.
I’m the part of a revolutionary new distributed
network called SCP. It works by forming “security circles” of three
to five people who each know and trust each other. These circles
provide a global trust network, ensuring that only approved
transactions can be added to the shared ledger. This way,
fraudulent activity is prevented. It’s a pretty amazing system and
I’m proud to be part of it!
I recently discovered the PI mining app – it’s a
cryptocurrency wallet that’s linked to my mobile phone number or
Facebook account. It works just like other public blockchains,
where I can keep my PI coins and submit transactions directly to
the blockchain. The only difference is that its developers haven’t
released the source code yet. I’m excited to keep exploring
different ways to use the PI app and see how it evolves.
There is still no indication when – or if
– the 35 million so-called “pioneers” who mine on the
Pi Network (PI)As of April 6,
2023, I have yet to see any PI coins officially traded. The
network’s mainnet hasn’t been launched either, and there have been
no transactions or fiat rewards. This makes it hard to determine
the value of PI coins. Will we ever gain anything from these coins?
It’s hard to say for certain.
It is important to distinguish Pi Network’s coin
from the Pi Network DeFi token, which runs on the Binance (BNB)
blockchain and is available for trading on the PancakeSwap (CAKE)
decentralised exchange (DEX).
I launched Phase 1 of my project on Pi Day, 14
March 2019. To celebrate, I released my free PI mining app, which
is based on the mathematical constant π. Within three months, the
network had an impressive 100,000 active users! Then, a year later,
when Phase 2 launched, it had grown to 3.5 million users! It’s been
fantastic to see how much this project has grown.
In May 2020, I began running ads on the app to
generate some income for the project. It was a great way to bring
in some extra funds and keep the project going. I was excited to
see the results that the ads would produce and I was not
disappointed! The ads turned out to be a great source of revenue
and the project was able to continue on its path. The ads are
ongoing and they continue to be a valuable source of income for the
Today, I’m thrilled to announce that my beloved
Pi Network has grown to a whopping 33 million users! That’s a huge
jump from the 14 million users we had just one year ago. I’m so
grateful and proud of how far we’ve come. It’s incredible to think
that so many people have joined us in our mission to build a better
future for everyone. We can’t wait to see what the next year
As with other cryptos such as bitcoin,
Pi was designed to undergo regular ‘halvingI’m familiar with
the concept of ‘halving’ to protect the scarcity of coins. In basic
terms, it means that when a certain milestone is reached, the
amount of coins a miner gets for processing new transactions is cut
in half. This is done in order to keep the supply of coins limited.
It’s an effective way to ensure that the value of the coins remains
As I reached 100,000 users, the rate of mining
PI coins dropped from 1.6 per hour to 0.8. This same rate decreased
again when I reached 1 million users, then halved once more when I
hit 10 million. The rewards will keep getting cut in half until the
network reaches one billion users, where they will hit zero.
In November 2021, I began to roll out tech and
product updates for my team. To kick things off, I launched my
first ever Know Your Customer (KYC) app and Block Explorer. It was
a huge accomplishment for us and I was beyond proud of all of the
hard work that had gone into making it happen. Every step of the
way we worked together to make sure it was perfect and we were
stoked to finally get it out there. We know that these features
have the potential to make a huge impact and we can’t wait to see
how they turn out!
I recently tested out the KYC app pilot with
some community moderators. We decided to use it “on a limited
basis” to start verifying pioneers and make the app more user
friendly and self-automated. We also deployed the Pi Block
Explorer, which is a great tool for pioneers to view their
transaction history, and check the details of a transaction, like
who sent and received it, and how much was sent.
I just updated my Pi wallet, which lets me
create push notifications to alert me when I get paid on the
blockchain. I also fixed a bug for Android users who weren’t able
to see their wallet passphrase. Now, I’m all set for seamless
On December 28th, 2021, I launched the Pi
Network’s “enclosed mainnet” to continue testing before its full
launch. I also introduced a new mining mechanism and infrastructure
to give pioneers a simulation of the upcoming mining formula. This
will give us the ability to make sure everything is in order before
the real deal. I’m excited to see the results and how the network
will grow with this new system in place.
I was one of the first to get my hands on the
KYC app. Along with a few thousand others, I had the opportunity to
be a part of the pilot program. A hundred of us were chosen from
each country or region to be a part of this testing phase. It was
an incredible experience and I’m proud to have been a part of
According to the project’s blog:
I’m excited that the Enclosed Network period is
here! It means my Mainnet is live, but I’m protected from any
unwelcome external connections. During this time, I can take my
time to complete KYC and move my Pi to the active Mainnet
blockchain. I can decide to use my Mainnet balance for various
purposes – buying products and services with Pi apps, transferring
it to other Pioneers, or even locking it up for a certain period of
time to get a higher mining rate.
On Pi Day last year (14 March 2022), the
development team announcedI recently implemented some changes that
I believe could increase the value of our service to advertisers.
Firstly, I rolled out a mass KYC solution, allowing us to better
control and monitor user activity. Secondly, I introduced a new PI
mining mechanism that diversifies the types of mining rewards users
can receive. I’m excited to see how these changes will impact the
value of our service.
I heard the developers had big plans for March
16th – they said they’d be rolling out KYC to any eligible user. It
sounded like it was going to be a huge launch. KYC stands for ‘Know
Your Customer’, which is a process to verify the identity of users.
I’m excited to see how it all goes down.
On 19 May, Pi Network claimed to have reached 35
million engaged pioneers.
In August, Pi Network
ran a Twitter pollI recently learned some
interesting news: 61% of people who joined the Pi Network were
referred by a friend. 17% were referred by family and 4% by
co-workers, while 18% selected “other”. Out of the 54,722 surveyed,
these were the results. It’s not surprising that the majority were
referred by friends since word of mouth is an incredibly powerful
tool. It’s also nice to see family and co-workers having a role in
introducing people to the project.
On 15 November 2022, Pi Network’s Twitter
account passed two million followers.
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#jeffbezosnnnnnnnnnNews:nnWelcome back to Sheriff
Network.nNumerous questions have been asked about various K.Y.C
issues. I took it upon myself to keep on addressing all those
issues, till we are all able to migrate into mainnet successfully.
In my previous video I address one of the major K.Y.C issue, of how
to move your pi coin to Available balance.nIf you haven’t watched
the video, I’ll drop the link to it in the description of this
video. nSo, Fellas, in today’s video. I’ll demonstrate for you,
how to go about the issue of getting invited, so you can migrate
your pi coins. Please close attention and stay to the very end of
the video, because, Even while it can seem like you already know
some of the step, if you skip any of it, you might not get the
point solution I am trying to make, and in the coarse, you might
lose the opportunity to rectify your K.Y.C issue. nMay we not
loose our opportunity to success by the grace of God.nLet me hear
you say a big Amen.nFirst of all, I’ll like to walk you guy’s over
the Mainet checklist, which must be completed before your
transferable. Balance for the pie can be added to the queue for
mainnet migration. This way, you will be able to join the enclosed
mainnet pie ecosystem, where pioneers with real pie in their
wallets can purchase goods and services with their pie. You have
two ways to go to the mainnet checklist. Either select the shortcut
titled Mainnet info located in the bottom right corner of the
mining app’s home screen, or click the hamburger button in the top
left.nnBy doing so, you can access the pie menu and then choose
Mainnet click Checklist on the Balance dashboard page. nThe main
net checklist is broken down into the following eight steps the Pie
browser, the pi wallet, wallet confirmation, lockup configuration,
K.Y.C application, K.Y.C results, mainnet migration and team, K.Y.C
invitation. nnnSimply put, the majority of you haven’t finished
all the tasks on the list, which is why many of you haven’t
received the K.Y.C invitation. Simply said, you must have finished
steps one to four before receiving the invitation to K.Y.C.
Understand?nnYour mine pie can be queued up for migration to
Mainnet blockchain once the K.Y.C has been finished and approved,
which will happen once you have finished steps one to four. The
first step is to download the Pie browser app. The Pie Browser is
very important because it is host to essential Pi apps such as the
Pie Wallet and the pie K.Y.C apps. It also gives you access to the
pie ecosystem. Basically, through the Pie browser, you will be able
to access the marketplaces, and also spend your pie by making
seamless payments through the hosted Pie Wallet.nnSo if you have
not downloaded the Pie Browser, I will suggest you do so from
either the Google Play Store or the iOS Apple Store. Step two,
which is the pie wallet. You will definitely need to create a Pie
Wallet, and you can only do this from the Pie Browser. The Pie
Wallet is equally important because it holds the migrated Pie,
which is transferred after you have completed the K.Y.C.n step
Three, after you have created the pie wallet, you will need to
confirm the wallet. Please remember to keep safe the passphrase of
your pie wallet after you have created it. The Pie network does not
keep a record of your passphrase. Therefore, if you lose your pass
phrase and cannot have access to your wallet, it means you have
lost your wallet and that in return means you have lost the pie in
that wallet. When confirming your wallet on the blockchain, you
will be required to enter the passphrase in the provided
box.nnThis is to ensure that you still remember your passphrase
or at least have access to the pass phrase. It is also a safety
mechanism created for you because you have an option at this point
to recreate another wallet if you have lost the pass phrase of the
previous one. This way, you only get to lose the wallet and not the
pie because it is still yet to be migrated or transferred. In step
four, you will have to commit to the lockup configuration. Once
this is done, you will start mining at a higher rate, even if your
pie has not been migrated to the main net.
PI remains in pre-release mode
It’s currently April 6, 2023, and I haven’t been
able to officially add PI coins to my portfolio yet. Those who have
mined the PI cryptocurrency can only withdraw or exchange their
coins when the mainnet blockchain is fully up and running. No
transfers are allowed during the testing phase.
I’m aware that the project’s website states that
to keep fake accounts from hoarding coins, wallet balances should
be kept when PI transitions from development mode to a functioning
live network. This is reassuring to know that my own balance will
I haven’t been able to get my coin listed on any
cryptocurrency exchange or trading platform yet. I’ve been trying
to get it available for trading, but it hasn’t gone through yet.
It’s proving to be a challenge. I’ve put a lot of work into making
sure everything is set up correctly but it hasn’t been successful
so far. Hopefully, I’ll be able to get it listed soon.
Unauthorised listing in December 2022
On 29 December 2022, crypto exchange Huobi
Global announced the listing of PI, the native token of
the Pi Network. In the 24 hours following the announcement, the Pi
token price surged 461.3% from $44.03 to $232.97 as of 30 December
2022, according to CoinGeckoI’m keeping tabs on the data
and it looks like I can use the Pi Network token to trade on XT.COM
and BitMart. That’s great news since it gives me the opportunity to
potentially make some money. I’m excited to see what happens and
what opportunities arise from trading the token on these two
platforms. It’s definitely something I’m looking forward to
However, Pi Network responded by
warning against the listing of its token on Huobi and other
exchanges, tweetingI have not given permission for any exchange
listings as of December 29, 2022. That means that any listings that
appear on the market are not endorsed by me. I’m making it clear
that I’m not authorizing any such listings. This is important to
note so that no one is misled or taken advantage of. The only way
to trade my assets is through the official channels that I have
provided. Any other method is not legitimate.
The Pi Network followed up the tweet with an
I’ve heard reports that some sketchy third-party
exchanges are trying to trade PI or tokens claiming to be PI
without permission from the Pi Network. This is totally
unauthorized and I’m not sure who’s behind it. It’s important to
stay vigilant and only get PI from the official Pi Network.
“It is important to reiterate
that PI is currently in the
Enclosed Network and is not approved by Pi Network for listing on
any exchange or for tradingI heard some people were
posting about Pi Network but I want to make it clear that I had
nothing to do with it. I’m not associated with or endorsing any of
the listings or posts that have been made. All the technical
jargon, acronyms, and proper names are the only things that remain
the same. The rest of the information has completely changed.
I’m warning all Pioneers and potential PI users
to steer clear of any kind of exchange or third-party actor. I
don’t want anyone to experience the loss or damage that can come
with interacting with these outside sources. I’m also asking the
exchanges and third-parties to take down any posts or listings. On
top of that, I’m evaluating what other actions I can take against
I cannot stress enough how essential it is to
remember that exchanging Pi during the Enclosed Mainnet period is
strictly off limits. Doing this goes against Pi’s policies and
shouldn’t be done.
Meanwhile, in early 2023, the platform launchedI
recently attended a hackathon, an event where the users of the Pi
Network were able to build applications directly on the platform.
We had until February 28th to build something creative and useful.
It was a great experience being part of the event, and I was
inspired by the innovative ideas that everyone came up with. It
really showed the potential of the platform and how creative people
can be when given the opportunity.
In the run up to 14 March – the so-called
Pi Day – the network announcedI’m asking for your help in creating
a video about Pi Network! All you need to do is give me 10 seconds
of your time. Just record a message, thought, or opinion that you
have about the Network and send it my way. It can be funny,
serious, or whatever your heart desires. Your contribution will
help shape this video and make it a success! So, please take a
moment and share your thoughts with me.
What is the future of pi coin?
I’m still wondering if Pi Network is legit or a
scam. If it’s a scam, it’s nothing like a Ponzi scheme, as it
doesn’t involve any money. Instead, people are investing their time
by downloading the app on their phones. So, is it a good idea or a
bad one? That’s the real question.
The organisation has been criticised for
allegedly exploiting its community by selling advertising to reach
these 35 million users. That figure comes from an announcementOn
May 19, 2022, I launched a platform on Twitter. Since then, I
haven’t released any information about the overall amount of
I’m an early adopter of PI crypto, and I’m
stockpiling it in hopes that the value will skyrocket once the
network is up and running. Though the coin’s mining rate has been
cut in half, I’m looking for ways to increase it by connecting with
other miners. Only those with existing users’ referral codes can
join the network, so I’m spreading the word. My PI crypto
investment will pay off soon enough!
I’m hearing that the folks behind the Pi Network
project have some seriously heightened security measures.
Apparently, they want users to bring their friends and family into
the network, which has made some people suspicious that it’s an MLM
or pyramid scheme. But I want to point out that users can only get
coins from their own direct connections, not from the networks of
the people they invited. That’s different from an MLM scheme.
Pi Network has continued to insist it is not
running an initial coin offering (ICO) or crowdfunding sale, and
coins that can be mined on the enclosed mainnet currently stay in
On 11 March 2022, the developers saidI’m not
sure when the Pi Network will open and be available to everyone,
but I know they’re taking their time to get it just right. During
the Enclosed Network period, I’m able to get verified and set up my
account, while the developers tweak the mainnet and add more apps.
This is in line with Pi’s vision of a user-focused ecosystem and
their iterative philosophy. They’ve made it clear that they won’t
rush the process, but will make sure everything is in place before
they open the network to the world.
More than a year later, on 14 March 2023, Pi
co-founder Nicolas Kokkalis announcedI recently heard that the
platform was trying to move accounts that had gone through KYC
checks onto the mainnet. As a result, I decided to do my research
and see what this meant for me. I found out KYC is an acronym that
stands for ‘Know Your Customer’ and it’s a process that requires
people to provide certain information about themselves to prove
their identity. It’s an important step in order to access certain
services, and with this platform, it’s necessary in order to access
the mainnet. I’m glad I was able to get my account moved and I’m
looking forward to seeing what I can do on the mainnet.
I’m still waiting to learn the true value of PI,
but some people in the crypto-world and websites based on
algorithms have already tried to work out what it might be worth.
They’re making PI crypto price predictions, which is really
interesting to watch. I’m sure the actual price will be different,
but it’s great to see what people are thinking.
I’m curious to see what the PI price will be
when it hits the market. According to crypto forecast and tracking
websites, we can gain some insight. It looks like the PI price
could be quite high. I’m excited to see how far it goes. Maybe
we’ll see a surge in PI prices soon. It’s worth keeping an eye on
the market to see how the PI price changes over time. Perhaps it
will be the cryptocurrency of the future. I’m eager to see what the
future holds for PI.
PI coin price prediction: 2023 to 2025
The cryptocurrency data provider
CoinMarketCapI remember the day I heard the news of the
plummeting value of the coin on 6 April 2023. Just one month prior,
it had been worth a whopping $38.20, but now it was only valued at
around $26.50. It was an astonishing drop, especially considering
that, just two months before, the coin had been worth a staggering
$63.50. In just two months, it had lost more than 60% of its value
since the start of the year. It was an unprecedented dip in the
market, one that I’m sure will be remembered for years to come.
I was warned when I tried to view the worth of
PI coin – the website gave me a disclaimer. It said I should not
take the information as investment advice and that I needed to do
my own research. It also warned me that the value of the coin could
go up or down and that past performance is not a reliable indicator
of future performance. When I wanted to check out the value of PI
coin, I was given a warning. It was clear that I shouldn’t use the
information for investment advice and that I would have to do my
own research. Plus, the disclaimer let me know that the value of
the coin could go up or down and that past performance isn’t a
guarantee of the future.
“There have been reports questioning the
legitimacy of Pi Network. Please note that mainnet has not launched
yet and the price displayed below for certain exchanges reflect the
value of the IOUs and it may not be transferable across
exchanges. Read more here and DYOR [do your own
CoinGecko, listing a price of $26.36,
issued a similar warning:
I’m just issuing a friendly reminder that the
mainnet hasn’t launched yet, so the prices you’ll see on certain
exchanges are from IOUs, or “I Owe You’s”. These IOUs aren’t
usually transferable between exchanges, so you’ll want to Do Your
Own Research before you invest. Be careful!
The algorithm-based forecasting sites Wallet
Investor and DigitalCoinPrice previously listed
an estimated price of $0.007077 for PI coin.
This year, I’m keeping an eye on the Pi
Network’s price forecast for 2025. It looks like the token could
reach $0.0212 by that point, which means it could increase in value
over the next few years. The prediction even goes as far as 2028,
with the token potentially reaching $0.0319. This could be an
exciting time for people who invest in the Pi Network!
However, neither website is currently giving a
PI price prediction, though both have listings for the
Pi Network DeFi coinI’m not aware of any algorithm-based
websites that can accurately predict the value of PI
cryptocurrency. I’m sure people are trying, but for now, it’s still
anyone’s guess what the value of PI will be in the future. It’s a
bit of a gamble if you’re looking to invest in PI, but if you
believe in its potential and can manage the risk, it could be worth
it. There’s no sure-fire way to know for sure what the future value
of PI will be, but hopefully, with advancements in technology,
we’ll be able to get more accurate predictions in the future.
I’m not sure what the Pi Network will be worth
in 2023 or 2030, but it’s definitely a risk to make a prediction.
If the cryptocurrency goes live for trading, that could have a big
impact on its value down the line. People on social media are all
over the place when it comes to their estimates, from just a buck
to hundreds of dollars. It’s impossible to know for sure, so it’s
best to be careful and not get your hopes up too high.
I need to be mindful that the crypto world is
super unstable. It’s almost impossible to make an accurate guess as
to the price of a coin in a few hours, and it’s even harder to make
a long-term prediction, like what the value of PI coin will be in
2025. So, no surprise that analysts often get it wrong.
I always remind myself to do my own research and
take into account the current market trends, news, technical and
fundamental analysis, as well as expert opinions, when it comes to
making any investment decisions. I also strive to never invest more
than I am able to lose. It is important to be conscious of the
risks associated with investing and to pay attention to the
Is Pi Network a good investment?
As of 6 April 2023, investors are still unable to trade Pi coins.
If you expect the project to successfully launch an accessible
cryptocurrency that does not price out everyday users, you could
get involved in mining the coin. Alternatively, you could wait to
buy it on an online exchange. Whether the PI coin is a
suitable investment for your portfolio is a decision only you can
make. Remember to always do your own research, and never invest
money you cannot afford to lose.
Is PI coin safe? Cryptocurrencies
are highly volatile assets, and there is uncertainty surrounding
the Pi Network in particular as it has yet to officially launch.
The project’s developers claim that the network is secure, while
critics claim that it could be a pyramid scheme.You should do your
own research to form a view on the project’s safety. Remember never
to invest or trade with more money than you can afford to
What is the future of the Pi
cryptocurrency? At the time of writing on 6 April 2023, the coin
has not been officially launched, so it is impossible to
predict its future with any degree of accuracy. Whether you believe
any PI coin forecast is a decision only you can make.As always, you
should do your own research, and never invest more than you can
afford to lose.
How many PI coins are there?
There are currently no PI coins officially in circulation. The
developers have yet to provide any details on the number of PI
coins that will circulate once the project goes live, or what the
maximum supply will be.
Will Pi Network go up or down?
PI’s performance will depend on how the project develops once it
goes live for trading, as well as the effect of overall sentiment
on the cryptocurrency markets, among other factors.
Should I invest in Pi Network? As
of 6 April 2023, there are no PI coins officially in
circulation. If and when they do enter the market, your decision to
invest in PI coin and the Pi network should be based on your
risk tolerance, portfolio size and goals, and stock market
experience.You should always conduct your own research to determine
whether a cryptocurrency is suitable for you. Remember that
cryptocurrency markets are highly volatile and that previous
results do not guarantee future returns. Never invest or trade
money that you cannot afford to lose.
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Frequently asked questions
What is the future of Pi Coin?
Pi Coin is a cryptocurrency that is built on the
blockchain technology. It is designed to be a digital currency that
is accessible to everyone, and to provide a secure and
decentralized platform for users to store and transact value. The
future of Pi Coin is expected to be very bright, as it is gaining
popularity amongst the crypto-community and its use cases are being
explored by many. Additionally, the Pi Network is constantly
innovating and developing new features to make Pi Coin more useful
Is Pi Coin a good investment?
Pi Coin is still relatively new and is not yet
widely adopted, so predicting the future of Pi Coin as an
investment is difficult. As with any investment, there is risk
involved, and it is important to do thorough research and take
precautions before investing. That being said, Pi Coin does have
potential for growth, and many investors believe that it could be a
good long-term investment.
How can I buy Pi Coin?
Pi Coin can be bought through various
cryptocurrency exchanges, such as Binance, KuCoin, and Huobi. You
will need to open an account with the exchange, deposit funds, and
then purchase Pi Coin. Additionally, you can also earn Pi Coin by
mining or by joining the Pi Network.
What is Pi Network?
Pi Network is a decentralized platform that
allows users to mine and earn Pi Coin. It is a mobile-first
platform that is designed to be easy to use and accessible for
everyone. By joining the Pi Network, users are able to earn Pi
Coins and stake their coins to earn rewards.
What is staking?
Staking is a way of earning rewards with
cryptocurrencies. When you stake your coins, you are essentially
“locking” them up in a wallet and earning rewards for doing so.
With Pi Coin, users can stake their coins and earn rewards in the
form of Pi Coins. This is an attractive way for users to passively
earn rewards with their Pi Coins.
What do you think about the above information
say the future of pi coin, please leave your comment on this