The live price of Pi Network is - per (PI / USD) with a current market cap of $5.42B USD. 24-hour trading volume is - USD. PI to USD price is updated in real-time. Pi Network is -% in the last 24 hours with a circulating supply of 7.16B.
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The Pi Network DeFi decentralized cryptocurrency project is primarily focused on creating passive cryptocurrency flows for holders. As part of this goal, the Pi Network DeFi protocol uses an automatic dividend mechanism. This mechanism distributes 1% of the USDT generated from token transaction fees to the community as dividends.
The Binance blockchain supports Pi Network DeFi's cryptocurrency Pi, so Pi can be directly traded with other BEP-20 tokens. The price of Pi fluctuates with trading volume and other trading factors of the token. In addition to regular market factors, the price of Pi is also affected by the network destruction protocol. The protocol uses token destruction to assist in the stability of active tokens. The price of Pi is updated in real time on Binance.
Pi Network is a social cryptocurrency, developer platform, and ecosystem designed to achieve broad accessibility and real-world utility. It allows users to mine and trade Pi through a mobile-friendly interface while supporting applications built within its blockchain ecosystem.
Supply Model and Mining Mechanism
Pi Network adopts a negative exponentially decreasing token issuance model, with mining rates gradually decreasing over time and as the network grows and participation increases.
Ecosystem and Adoption
Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar stores. Users can interact with applications built by the core team and the community through the Pi Browser, where integrated features like the Pi Wallet provide a seamless experience. Events like PiFest 2024 showcase the growing popularity of Pi, with over 27,000 active sellers and 28,000 test merchants in 160 countries.
Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom hold PhDs from Stanford University and are passionate about improving human life through technology. Dr. Nicolas Kokkalis is a PhD in Electrical Engineering from Stanford University, a postdoc in Computer Science, and researches distributed systems and human-computer interaction. His work focuses on combining distributed systems and human-computer interaction to bring cryptocurrency to the masses. As a firm and long-time believer in the technical, financial, and social potential of cryptocurrency, he is determined to transcend current limitations and work to bring the power of blockchain to more people. Dr. Chengdiao Fan holds a PhD in Anthropological Sciences from Stanford University and uses social computing to unlock human potential on a global scale. Chengdiao is building Pi Network to mobilize individuals around the world to participate and be rewarded for their contributions, building an inclusive ecosystem that allows global citizens to unleash and capture their own agency to create utility and products for society and the world.
Compliance and Identity Verification
Pi Network follows a one-account-per-person policy through its Know Your Customer (KYC) solution. The system combines machine automation and human verification to authenticate user identities while protecting privacy. The KYC process emphasizes real individuals, combats fraudulent activities, and enables fair participation in the network mining process. Pi's approach to authentication strikes a balance between scalability, security, and accessibility, enabling millions of users around the world to verify their accounts while maintaining regulatory compliance.
Pi Network DeFi was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan of Stanford. The two computer scientists have rich and authoritative backgrounds in computational engineering and social sciences and are widely respected.
Pi Network DeFi is a community-centric cryptocurrency project that focuses on creating passive cryptocurrency flows for holders. Pi Network DeFi announced that it will develop its own Pi token exchange. This decision affects Pi Network DeFi's Phase 3 plan, which is to actively develop the DeFi3.0 model. According to the project white paper, the implementation of Phase 3 of the project depends on whether the Pi token can be successfully connected to multiple trading platforms, thereby enabling Pi to be traded on different trading platforms and making dedicated Pi token swaps part of the network.
A Pi Network perpetual contract is a legal agreement to buy and sell Pi Network at a predetermined price on a specified future date. These contracts represent Pi Network cryptocurrency tokens, which means that the actual settlement can be Pi Network or cash, which will be carried out when the contract expires and is executed.
Pi Network DeFi was launched in 2019 with the goal of bringing cryptocurrency mining to the masses. People can mine cryptocurrency through basic operations on their smartphones, which will be a major shift from the traditional computing requirements of cryptocurrency mining.
The maximum supply of Pi Network DeFi's Pi tokens is 10 billion. According to reports, the total supply is currently in circulation.
