Pi Network Project Overview

Pi Network is a novel cryptocurrency project that aims to make mining accessible to everyone through a mobile app. Unlike traditional cryptocurrencies, which require huge computing power, Pi Network allows users to mine on their smartphones with minimal battery consumption, aiming to create a user-friendly environment for individuals who are not familiar with cryptocurrencies, promoting widespread adoption.

The success of the project depends largely on its ability to maintain user interest and expand the community, and the community is at the core of the Pi Network philosophy, where users can cooperate and learn from each other. The application facilitates communication between users, enabling them to share experiences, skills, and strategies to maximize mining efforts. This collaborative approach not only enhances the user experience but also helps to build trust and transparency within the network.

Pi Network has officially opened its mainnet on February 20 (Source:https://x.com/PiCoreTeam）

Related Links:

Official website entrance:https://minepi.com/

X (Twitter):https://x.com/PiCoreTeam

Medium：https://pinetwork-official.medium.com/

Telegram:https://t.me/PiAnnouncements

App Download:

1. https://apps.apple.com/us/app/pi-network/id1445472541(Ios)
2. https://apps.apple.com/us/app/pi-network/id1445472541 (Google Play)

Blockexplorer: https://blockexplorer.minepi.com/mainnet/

Trading Entrance:https://www.gate.io/zh/trade/PI_USDT

Pi Network illustration (Image source:https://cryptoguide.si/kovanec-pi)

Pi Network Upgrade Manifestation

On February 20, 2025, Pi Network officially entered the mainnet era, and the project has completed all the technical, product, and legal compliance requirements required for the open network to ensure the stability and scalability of the mainnet. After the opening of the network, the core goal of Pi Network is to enhance the vitality of the ecosystem, promote the implementation of applications, open the key conditions of the network, and improve the technology, products, business and legal framework.

1. IOU User Migration
   When the mainnet opened, 19 million Pioneers had completed Pi KYC verification, far exceeding the initial target of 15 million users, and 10.14 million users had completed the mainnet migration, promoting the activity and decentralization of the Pi ecosystem.
2. Application Ecology Construction
   Currently, the Pi ecosystem has more than 100 DApps that can run on the Mainnet, meeting the initial goals. These applications cover multiple areas such as payments, social, gaming, DeFi, business services, providing diverse real-world use cases for the Pi Network after the open network.
3. Mining Mode Adjustment
   After the opening of the Pi Network mainnet, it will continue to retain the convenient mobile mining mechanism, but adopt a strategy combining an exponential decreasing model with a monthly limit to ensure the stability of the $PI supply and gradually reduce inflationary pressures.
4. Real-world integration
   More and more merchants are accepting $PI as a payment method, making it a legal medium for goods and services, such as Pioneer users can conduct peer-to-peer (P2P) transactions through Pi, enhancing the use of $PI in the real economy and building a self-sufficient ecological economy.

Pi Coin’s potential partner merchants (Source:https://www.facebook.com/Miguel31PI/)

Pi Network app

1. Mining Application
   The Pi Mining application is the original primary mobile application of the Pi Network (available on iOS and Android), where Pioneers register, mine Pi, receive Mainnet announcements, participate in community activities, and interact with others in the community daily.
2. Pi Chats
   Pi Chats is the built-in messaging solution in the Pi App, designed for Pioneers to engage in open-format discussions. It has evolved into a communication application with Web3 mechanisms, aiming to encourage constructive connections while curbing unnecessary communication.
3. Fireside Forum
   Fireside Forum is a Web3 social networking application that leverages Pi cryptocurrency and innovative token economics to create a decentralized, authentic space, promoting authentic, constructive dialogue and healthier online social interaction.
4. Brainstorm
   It is a place for community developers and all pioneers to propose Pi Apps ideas, join existing projects, and review project ideas.

Pi Network Project Route

At present, Pi Network has gradually broken the restrictions of closed networks, achieved true decentralization and promoted external ecological connections, such as removing firewall restrictions, allowing $PI to connect to external blockchain networks, improving token liquidity, continuously optimizing the mainnet infrastructure, and supporting larger-scale developer and enterprise access, and is committed to forming a more mature and diversified Web3 ecosystem.

In the future, the Pi Network ecosystem will focus on global user growth, expanding enterprise partnerships, and extending more payment scenarios. However, whether $PI can occupy a place in the Web3 field in the future depends on its user adoption rate, compliance progress, and market demand. In addition, in the process of integrating into the real-world payment system, Pi Network’s ecosystem construction also needs to be continuously optimized to achieve its long-term sustainable development goals.

Pi Network Project Route (Source:https://minepi.com/roadmap/)

Pi Network market performance

The official opening of the Pi Network mainnet enables Pi coins to circulate freely in external wallets and mainstream cryptocurrency exchanges. This milestone development enhances the usability of Pi Coins. In the first hour after the mainnet launch, the price of Pi surged by more than 3,000% to $2.10, but then fell back due to market volatility, and as of 22:00 on February 20, 2025 (UTC+0), its price has dropped to $0.70.

In the future, as more merchants gradually accept Pi Coin as a payment method, the expansion of its practical application scenarios may provide strong support for its value. However, there are still uncertainties about Pi Coin’s inflation mechanism and supply rules, which may affect its long-term stability. Therefore, investors should maintain a cautious attitude and conduct an in-depth analysis of the ecological construction progress and market dynamics of the project to fully assess its future development potential.

Conclusion

After the opening of the mainnet, Pi Network’s market acceptance and $PI liquidity will gradually increase, laying the foundation for long-term development. However, as an emerging crypto mining project, Pi Network still needs to face multiple challenges such as inflation control, compliance supervision and application implementation, which requires the project team to continue to optimize the mining model, expand the DApp ecosystem and deepen the real-life payment scenario to promote the wide application and stable value growth of $PI.