Introduction to the Pi Network project

Pi Network is a blockchain ecosystem driven by public utility, dedicated to improving the accessibility and practicality of cryptocurrencies in reality. The platform enables users to mine and trade Pi coins conveniently through a mobile-friendly interface; meanwhile, Pi Network has built an integrated ecosystem where users can use Pi coins as a medium of payment for goods and services, for online businesses and local brick-and-mortar enterprises.

The vision of the Pi Network project is to create a decentralized ecosystem driven by global users, accelerating the popularization and convenient application of cryptocurrency in the real world. In terms of economic model design, Pi Network adopts a token issuance mechanism with negative exponential decay, and its mining rate gradually decreases over time, influenced by the growth of the network scale and user participation.

According to the official plan, Pi Network will open its mainnet on February 20, 2025, when Pi coins will be freely transferable, and many exchanges, including Gate.io, will list Pi coin trading pairs. Currently, there are Pi coin IOU transactions in the market before the mainnet goes live.

Pi Network project logo (Image 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/en/trade/PI_USDT

PI Network founding team

Nicolas Kokkalis

The technical leader, with a Ph.D. in Computer Science from Stanford University, once taught the first decentralized application course at Stanford University. His research covers distributed systems and human-computer interaction, aiming to lower the barriers to using cryptocurrencies and make blockchain technology accessible to the public. Nicolas has a long-term optimistic view of the social potential of encryption technology and hopes to promote the popularity of blockchain so that more users can enjoy the benefits of decentralized networks.

PI Network technology leader Nicolas Kokkalis (Image source: https://minepi.com/about/dr_nicolas_kokkalis//)

Chengdiao Fan

The product manager, holding a Ph.D. in anthropology from Stanford University, focuses on social computing, researching how to unleash human potential globally using computer technology. Chengdiao’s research vision is to optimize human-computer interaction, promote global user participation through Pi Network, motivate users to contribute their own value, build an inclusive economic ecosystem, and drive global users to independently create and share social productivity.

PI Network technology leader Chengdiao Fan (Image source:https://minepi.com/about/dr_chengdiao_fan/)

$PI (IOU) price trend

As a speculative tool for the Pi token, the Pi IOU token is essentially closer to a futures contract than a real Pi token - it is provided by the exchange and is an expected substitute for the value of the Pi token after the Pi Network mainnet is released.

Over the past week, the price of Pi (IOU) has experienced drastic fluctuations. As of February 19, 2025 (UTC+0), the latest price is $31.02, a significant decrease of 49.86% compared to the same period last week. Previously, the price of Pi IOU once surged to over $150, but then rapidly fell, indicating that the market’s expectations for the launch of the Pi Network mainnet are continuously adjusting. Investors holding IOU tokens are facing significant price volatility risks.

As the Pi Network mainnet opening date approaches, market sentiment tends to be cautious, with some early investors choosing to take profits in advance, leading to increased selling pressure. In addition, although some exchanges have indicated support for Pi token trading, the official Pi Network has not yet clarified whether IOU tokens will be recognized and exchanged for formal Pi tokens, further exacerbating market uncertainty.

As the mainnet has not yet been opened, the Pi token is still in a non-transferable state, which creates significant uncertainty for the trading of IOU tokens. In light of this, it is recommended that investors closely monitor the progress of the Pi network mainnet and further clarification of the exchange’s policies.

Pi (IOU) trend during 02/13 - 02/19 (Image Source:https://coinmarketcap.com/currencies/pi-iou/）

$PI (IOU) Price Analysis

The current price trend indicates that PI(IOU) faces bearish pressure below the $35 mark, with resistance at $37.8 and support at $30.6. Over the past 24 hours, the token price has experienced drastic fluctuations, dropping below $25 at one point before rebounding to $33.3. Overall, multiple technical indicators show a downward trend, indicating strong selling pressure in the market, with bearish forces dominating.

In addition, bears are trying to prevent the PI(IOU) price from rebounding. If the price successfully breaks through $37.8, it may further test the resistance at $42.5; if the price fails to break through the key resistance, it may fall to the support at $30.6, with further downside risks.

$PI Price Prediction

With the official launch of the Pi Network mainnet planned for February 20, 2025 (UTC+0), the Pi IOU price recently touched a short-term high of $150, but then plummeted to around $30, showing significant fluctuations in investment sentiment. After the mainnet goes live, the market may experience a ‘price discovery’ phase in the short term, with prices fluctuating significantly to find a new market consensus price.

Price prediction after the Pi Network mainnet goes live (Image Source: Gate Research Institute Smarci, 2025.2.20)

Conclusion

The launch of the Pi Network’s mainnet marks the project’s entry into a new stage, and its ecological landing and user growth will become an important support for the value of $PI. If the project team can gradually realize the technical vision, the Pi token may form a stable market price system in the future, with huge potential to become mainstream. For investors, it is recommended to pay attention to the development dynamics and trading trends of the Pi Network and reasonably allocate assets.