Basic introduction to Pi Network

Pi Network is a decentralized cryptocurrency network for the masses that aims to drive the most inclusive peer-to-peer economic system, enabling users to mine and trade Pi tokens from the convenience of their mobile devices. Different from the traditional proof-of-work (PoW) mechanism, which relies on high-computing power devices, Pi Network adopts a consensus mechanism based on the Stellar Consensus Protocol (SCP) to lighten the mining process, empower global users to participate in the blockchain economy, and build a complete ecosystem through a mobile-friendly interactive interface.

In terms of economic model, Pi Network adopts a negative exponential decreasing token issuance mechanism, and its mining rate gradually decreases over time, which is affected by the growth of network scale. This mechanism is designed to ensure the sustainability of the Pi token supply and incentivize early adopters to actively participate in the ecosystem. Pi Network will officially open its mainnet on February 20, 2025, and the core issues that the market is currently concerned about are the release of mainnet liquidity, exchange support, and the progress of the ecosystem, all of which will directly affect the long-term value of the Pi token.

Pi Network project logo (Source:https://x.com/PiCoreTeam）

Pi Network 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

How to transfer $Pi to Gate.io

Step 1: Get Gate.io’s Pi deposit address

1. Log in to Gate.io account: OpenGate.io official websiteor the mobile app, enter your personal account information to log in.

2. Enter the recharge page: Find the ‘Recharge’ button on the homepage, click on ‘On-chain Recharge’, and enter the multi-currency recharge page.

3. Select Pi coin: Enter “PI” in the search box on the deposit page, and choose “Pi Network (PI)” as the deposit currency.

4. Get the deposit address: The system will generate a dedicated Pi coin deposit address. Click the “Copy Address” button to save the address for later use.

Step 2: Transfer money from your Pi Network mainnet wallet to Gate.io

1. Open Pi Browser: Complete the identity verification, click “Wallet” on the homepage, and make sure you have migrated your Pi coins to your mainnet wallet.

2. Log in to the Pi wallet: register a personal wallet address for the Pi Network, or log in with an existing wallet.

3. Initiate Transfer: In the wallet, select the ‘send’ or ‘transfer’ function and enter the transfer page. The system provides two ways to transfer: QR code scanning or manual input of the address. Users can directly scan the Pi coin deposit QR code obtained from Gate.io in the previous step, or paste the exclusive Pi coin deposit address copied from Gate.io earlier to ensure the transfer operation is completed accurately and without errors.

4. Enter the amount to be transferred: Fill in the amount of Pi you want to transfer, and check the receiving address and transfer amount to complete the transfer.

Step 3: Wait for the deposit to be credited

Due to the mechanism of the blockchain network, the transfer of Pi coins needs to go through a certain confirmation time, and may involve a freezing period or an unlocking time, users can check the transaction status in real time on the “Deposit History” page of Gate.io, and usually, Pi coins will be automatically credited to the account after the network confirmation is completed.

(Please note: Blockchain transfers can take anywhere from minutes to hours, depending on network conditions, and it’s important to make sure you download the Pi Network mainnet wallet and Gate.io app from official sources to prevent phishing sites or malware.) ）

$PI Risk Warning

The business model of Pi Network may be deemed non-compliant in certain jurisdictions. Investors should thoroughly understand the project’s business model and local regulations, and be vigilant about potential fraud risks. There have been reports of criminals using Pi coin for illegal fundraising or fraud. Investors should be cautious and avoid economic losses due to trusting high returns promises.

In addition, the market value of Pi coin is mainly driven by supply and demand dynamics and market sentiment, with extremely high volatility. Currently, the ecological applications are still in the initial stage of development, lacking sufficient value support, and may be significantly influenced by market speculation. Caution and rational asset allocation are required before entering the market.

epilogue

Pi Network is a utility-driven cryptocurrency that is currently in the mature stage of ecological application and market liquidity, and has huge potential for value-added. For investors looking to trade $PI, it is crucial to understand how to safely transfer Pi Coin to the Gate.io exchange, and doing it correctly can avoid asset loss. At the same time, investors need to carefully assess the market volatility and regulatory uncertainty of Pi Coin, and pay close attention to the ecological construction of the mainnet and the support of the exchange. In the future, with the further development of the Pi Network ecosystem, its long-term value will depend on market acceptance and practical application. Only by rationally allocating assets and avoiding speculative risks can we better grasp the opportunities brought by Pi Network.