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| Rank | Circulating Supply | Volume 24hrs | 24hrs % | 1hr % |
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| 0 | 0.00 | 0.0000 % | 0.0000 % |
Pi Network aims to make cryptocurrency accessible and bring more individuals into the crypto space. It offers a crypto mining and management platform where people can mine Pi coins just by using their smartphone. Yes, you have heard it right! You can mine Pi coins just by typing of you buttons on your smartphone, that too, at no cost. You can Mine free Pi coin doesn’t mean that Pi crypto don’t have any value. Just like other cryptocurrencies, Pi coin value fluctuate time to time. You can check Pi Crypto value on crypto exchanges.
Mining Pi coins by using a mobile device seems interesting, isn’t it? Let’s dive deeper into the PI Network and find out more about it.
What is the Pi network?
Founded by Nicolas Kokkalis and Chengdiao Fan, Pi Network was officially launched on March 14, 2019. Unlike Bitcoin and its costly Proof of Work (PoW) mechanism, Pi Network uses “Proof of Stake” (PoS). This method is energy efficient and lowers the environmental impact.
It aims to achieve primarily two goals:
- One of Pi Network’s best features is its eco-friendly approach to mining. Unlike traditional cryptocurrencies that require costly hardware for mining coins, Pi allows users to mine Pi coins directly from their smartphones.
- Pi Network provides a platform where developers can offer real-life utilities and products to users in exchange for Pi coins. This makes the blockchain more accessible and useful for people. The growing community on the network may lead to an increase in Pi coin value.
To begin with Pi Network, you must first receive an invitation from a trusted member of the network. After receiving the invitation, you have to download the mobile app and start mining Pi crypto. Additionally, members of the Pi Network can use a plethora of tools and resources available on the platform. These resources help them to bring their concepts to life without any delays.
Who Are the Minds Behind Pi Crypto?
Dr. Nicolas Kokkalis and Dr. Chengdiao Fan founded the Pi network. Both founders have impressive backgrounds in computational engineering and social sciences. Dr. Kokkalis teaches Stanford’s computer science class on Decentralized Applications on Blockchain. He has a history of developing startups. Dr. Fan, on the other hand, received her PhD in computational anthropology. She has been involved in various projects related to social communications and social capital.
Their frustration with the limitations of traditional blockchains led them to create the Pi Coin. They employed a user-centric design philosophy to overcome these limitations. Initial value of pi crypto was worth nothing. However, the advancement brought by the founders and their team indicates towards its bright future.
What Sets Pi Apart?
Pi Network utilizes an adaptation of the Stellar Consensus Protocol (SCP) for transaction validation. This protocol offers several advantages such as decentralized control, low latency, that too, at minimum environmental impact.
Pi Network’s ecosystem ensures fair distribution, scarcity, and meritocracy. Everyone mines at the same rate and the mining rate decreases as more users join. Rewards are distributed based on contributions to the network.
The developer platform offered by Pi Network is another notable aspect. Developers can integrate Pi’s SDK and user-authentication measures into their apps, enhancing interoperability and user experience.
The tiered security protocol used by the Pi network makes it more secure. Users are required to verify their identity through social media accounts and complete a KYC (Know Your Customer) process. This extra layer of security ensures that Pi Network remains a trustworthy platform for its users.
Does Pi Cryptocurrency Have Any Value?
The process of mining Pi coins on the Pi Network is user-friendly and energy-efficient. Users don’t need to worry about draining their device’s battery or causing performance issues. Anyone can mine Pi coin just by tapping a few buttons on Pi network app. Additionally, Pi Network focuses on building an engaged and inclusive community through a referral system. Both the referrer and the referee receive rewards. The referral system ultimately strengthens the network’s reach and influence.
Circulation and Future Value of Pi Cryptocurrency
The future value of pi cryptocurrency remains uncertain. During its developmental phase, the Pi Network operates as an enclosed system with no immediate market value for mined Pi coins. However, the project has ambitions to transition into a decentralized and fully functional cryptocurrency once it reaches a critical mass of users. Easy mining and incentive structure is an attempt to attract more and more people. This evolutionary path hints at potential future value appreciation for early adopters.
Pi Coin Value in 2030
Pi coin has been showing a significant growth since it’s launch. Investors got good return when all time high price of Pi reached $307.49 in december 2022. As bearish crypto market of 2023 has affected almost all the token’s value, the Pi coin also did not remain untouched. However, market analysis suggests that Pi coin value will continue to rise in next 10 years. The real project-based digital assets are expected to rule the market by 2030. If it continues to grow at the current rate, the average Pi coin value can be around $447.56 in 2030 and the minimum value is expected to be around $426.88. However, crypto market is highly volatile and unpredictable. A significant bull run or bear rally can prove price prediction wrong in just a moment, so no one can predict accurately.
Cautionary Note About Pi Crypto Value
It’s essential to be cautious when dealing with Pi coins. Pi Network explicitly states that Pi crypto is not approved for listing on any exchange or trading during its Enclosed Network period. Any sales of Pi coins outside the official channels are unauthorized and unaffiliated with Pi Network. Engaging with unauthorized exchanges or third-party actors may lead to substantial loss or damage to users.
The current Pi coin value stands at $33.15, accompanied by a 24-hour trading volume of $345,077. Over the past 24 hours, Pi crypto value has seen a 0.91% increase.
Frequently Asked Questions (FAQs)
Pi Network DeFi is a community-driven cryptocurrency project with a primary focus on providing passive income streams to its holders. Pi Network DeFi recently introduced its own Pi token swap, which is a pivotal step in the development of DeFi 3.0. As outlined in the project’s white paper, Phase 3 involves establishing connections between the Pi coin and various exchanges, facilitating Pi’s trading across different platforms with the dedicated Pi token swap integrated into the network.
Pi Network DeFi has a maximum supply of 10,000,000,000 Pi tokens. All of these tokens are presently in circulation. Investors got good return at the end of 2022 when all time high price of Pi reached $307.49
Pi Network DeFi makes cryptocurrency mining accessible to the average person. It allows users to mine Pi coins using smartphones. This marks a significant shift from the traditional and costly methods of crypto mining.
Exchanges such as BitMart, HTX, SuperEx, and Biconomy allow you to check the Pi coin value and trade it on their platform.
