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Pi Network is a cryptocurrency project that aims to make digital currency accessible to a broader audience by enabling users to mine Pi coins directly from their mobile devices. Founded in 2019 by a team of Stanford graduates, the network seeks to create an inclusive peer-to-peer ecosystem powered by its native token, Pi.
Launch Details
After six years of development, Pi Network transitioned to its Open Network phase on February 20, 2025, at 8:00 AM UTC. This milestone marked the shift from an enclosed environment to a fully operational blockchain ecosystem, allowing external integrations and expanding the utility of Pi beyond its initial confines.
Value and Price
As of March 15, 2025, Pi Network’s native token, Pi, is trading at approximately $1.46 USD, with a 24-hour trading volume of $753,239,615. The circulating supply stands at 6,308,350,348 PI coins, contributing to a market capitalization of around $9.2 billion. It’s important to note that Pi’s price has experienced fluctuations since its Open Network launch, initially peaking at almost $3 before retracting to its current level.
Key Milestones Achieved
Prior to the Open Network launch, Pi Network achieved several significant milestones:
- User Base: The community expanded to over 19 million identity-verified Pioneers, surpassing the original goal of 15 million.
- Mainnet Migration: Successfully migrated 10.14 million users to the Mainnet, exceeding the target of 10 million.
- Ecosystem Development: Over 100 Mainnet or Mainnet-ready applications were developed, enhancing the diversity and functionality of the Pi ecosystem.
Future Prospects
With the Open Network phase underway, Pi Network plans to:
- Expand Utility: Enable users to conduct transactions and participate in a decentralized economy using Pi coins.
- Foster Development: Encourage the creation of decentralized applications (dApps) and form new partnerships to broaden the platform’s appeal to developers and businesses.
- Exchange Listings: Facilitate the listing of Pi on various cryptocurrency exchanges, increasing its accessibility and liquidity.
As Pi Network continues to evolve, its focus remains on building a robust, user-friendly ecosystem that leverages blockchain technology to empower individuals worldwide.Pi Network is a cryptocurrency project that aims to make digital currency accessible to a broader audience by enabling users to mine Pi coins directly from their mobile devices. Founded in 2019 by a team of Stanford graduates, the network seeks to create an inclusive peer-to-peer ecosystem powered by its native token, Pi.
Launch Details
After six years of development, Pi Network transitioned to its Open Network phase on February 20, 2025, at 8:00 AM UTC. This milestone marked the shift from an enclosed environment to a fully operational blockchain ecosystem, allowing external integrations and expanding the utility of Pi beyond its initial confines.
Value and Price
As of March 15, 2025, Pi Network’s native token, Pi, is trading at approximately $1.46 USD, with a 24-hour trading volume of $753,239,615. The circulating supply stands at 6,308,350,348 PI coins, contributing to a market capitalization of around $9.2 billion. It’s important to note that Pi’s price has experienced fluctuations since its Open Network launch, initially peaking at almost $3 before retracting to its current level.
Key Milestones Achieved
Prior to the Open Network launch, Pi Network achieved several significant milestones:
- User Base: The community expanded to over 19 million identity-verified Pioneers, surpassing the original goal of 15 million.
- Mainnet Migration: Successfully migrated 10.14 million users to the Mainnet, exceeding the target of 10 million.
- Ecosystem Development: Over 100 Mainnet or Mainnet-ready applications were developed, enhancing the diversity and functionality of the Pi ecosystem.
Future Prospects
With the Open Network phase underway, Pi Network plans to:
- Expand Utility: Enable users to conduct transactions and participate in a decentralized economy using Pi coins.
- Foster Development: Encourage the creation of decentralized applications (dApps) and form new partnerships to broaden the platform’s appeal to developers and businesses.
- Exchange Listings: Facilitate the listing of Pi on various cryptocurrency exchanges, increasing its accessibility and liquidity.
As Pi Network continues to evolve, its focus remains on building a robust, user-friendly ecosystem that leverages blockchain technology to empower individuals worldwide.
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