Pi Coin’s mainnet launch is imminent after a two-year wait, attracting over 10 million users ready to migrate their mined coins. This event transitions Pi Coin to a tradable asset, generating excitement internationally in countries like Iran, India, and Indonesia. Pi Network, founded by Stanford graduates in 2019, enables users to mine cryptocurrency through a mobile app with no special hardware needed. It employs the energy-efficient Stellar Consensus Protocol. Users earn Pi through daily check-ins, building trust circles, and app engagement. Following its mainnet launch, Pi Coin trades at around $1.70-$1.78, anticipating broader adoption and profitability.
The long-awaited launch of Pi Coin’s mainnet is finally approaching after a two-year delay. Over 10 million users have been eagerly anticipating this moment, as they will soon be able to transfer their mined Pi coins from the testnet to the mainnet. This significant development signifies the onset of Pi Coin’s evolution into a tradable asset, igniting a global frenzy that includes countries such as Iran, India, and Indonesia. As the official listing approaches, the enthusiasm surrounding Pi Coin continues to surge, with many users optimistic about potential profits and widespread adoption. Let’s delve into the specifics of the Pi Coin listing.
What Is Pi Network?
As reported by Forbes, Pi Network is a blockchain initiative that allows users to mine cryptocurrency through a mobile application. Launched in 2019 by Stanford graduates, the project aims to democratize cryptocurrency access, enabling everyday individuals to participate without the need for specialized hardware or technical expertise. Unlike Bitcoin’s reliance on expensive mining devices, Pi rewards users for daily presence verification via the app.
Check the Live Price of Pi Coin Here
According to recent market data, Pi Coin is trading at $1.78 on OKX, following the successful mainnet launch at 8:30 AM UTC on February 20. Additionally, Pi Coin’s price is $1.70 on Bitget at the time of this report.
How Pi Network Works
According to Forbes, Pi operates on the Stellar Consensus Protocol rather than Bitcoin’s energy-intensive proof-of-work mechanism. Users create trust circles by nominating 3-5 reliable contacts, forming a network of verified members. This interconnected web establishes a global trust graph that secures the network and validates transactions without extensive computational resources.
The mining process offers rewards for various contributions. Pioneers receive base rewards for daily check-ins, additional rewards for expanding their trusted circles, and bonuses for running full nodes on their computers. The network also incentivizes app engagement and Pi lockups to foster ecosystem development.
Pioneers, the Open Network will launch at 8 AM UTC on February 20, 2025! With millions of KYC-verified Pioneers and a vibrant utility-driven ecosystem, the Open Network enhances opportunities, enabling Pioneers to link Pi with external systems for real-world applications… pic.twitter.com/AdpXNhpcUD
— Pi Network (@PiCoreTeam) February 11, 2025
Since December 2021, Pi has functioned within its Mainnet blockchain during an “enclosed” phase. During this time, users need to undergo know-your-customer verification to transfer their mined Pi to the blockchain. The project intends to lift these limitations in the “open network” phase, allowing for complete external connectivity.
Here’s a quick guide on how to acquire Pi Coin:
- Download & Install: Get the Pi Network app.
- Start Mining: Tap the lightning bolt icon to start earning Pi.
- Build Security Circle: After three days, add 3-5 trusted contacts to enhance your mining rate.
- Refer Friends: Share your referral code to boost earnings.
- App Engagement: Engage in app features like chats and polls.
- Understand Roles: Familiarize yourself with Pioneer, Contributor, and Ambassador roles to maximize your earning potential.