Preț Pi Network [IOU] (PI) azi: 0.21 USD (actualizat live)

Pi Network [IOU]

Pi Network [IOU]

PI
$0.21 -0.58%
Market Cap
$0
Volum (24h)
$922,408
Ofertă în Circulație
0 PI
Maxim istoric (ATH)
$307.49

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What is Pi Coin?
Pi Coin is a revolutionary cryptocurrency that can be mined directly on a mobile phone without consuming a large amount of energy or draining the device’s battery. Unlike traditional crypto mining methods such as Bitcoin, which require expensive equipment and massive energy use, Pi aims to democratize crypto mining.The Pi Network app is free and lets users accumulate Pi Coins through a simple, non-intrusive process, making it an attractive choice for people interested in crypto but lacking advanced technical knowledge or resources.

Essential Characteristics of Pi Coin

  • Mobile mining without significant impact on phone resources.
  • High accessibility because no initial financial investment is required.
  • Eco-friendly due to minimal energy consumption.
  • A decentralized network that offers a high level of security and protection against counterfeiting.

Pi Network Founders

Pi Network was created by a group of Stanford University graduates:
  • Dr. Nicolas Kokkalis – Expert in blockchain and decentralized technologies with experience building scalable systems.
  • Dr. Chengdiao Fan – Specialist in human–technology interaction, passionate about developing sustainable communities.
  • Vincent McPhillip – Project manager and entrepreneur with experience in social and tech initiatives.

Primary Objectives of Pi Network

  1. Democratizing cryptocurrencies – Anyone, regardless of experience or resources, can mine and use Pi.
  2. Reducing environmental impact – Traditional crypto mining has a significant footprint. Pi uses a sustainable model.
  3. Creating a global community – Pi Coin is not only a currency but also a social project connecting users worldwide.
  4. Boosting crypto adoption – By removing complexity, more people can learn and gradually adopt cryptocurrencies.

Why Pi Network Is Different from Other Projects

To fully understand Pi Coin’s impact and uniqueness, we should look at a few key aspects that set it apart from similar projects.
  1. User-friendly approach
  • Pi Network only requires downloading a mobile app.
  • Mining is simple, and users don’t need to keep the app open continuously.
  1. Security and decentralization
  • Pi uses a consensus mechanism characterized by trust between users.
  • Each user is invited to the network by another, adding an extra layer of trust and security.
  1. Minimal environmental impact
One of Pi’s biggest advantages is that it does not require heavy use of natural resources or energy, offering an eco-friendly solution.
  1. A continuously growing global community
  • Worldwide, millions of users have joined the Pi network.
  • Interaction among users is encouraged, building an active community of enthusiasts.
The Pi Network ecosystem proposes a unique cryptographic approach. Here’s a breakdown of its consensus mechanism, governance, and security:

Consensus Mechanism: Stellar Consensus Protocol (SCP)

Pi Network uses a modified version of the Stellar Consensus Protocol (SCP), which is based on a Federated Byzantine Agreement (FBA).The main features of SCP in the context of Pi Network include:Energy efficiency: SCP consumes significantly less energy than PoW, enabling “mining” (or rather, contributing to the network) directly from smartphones without draining the battery or requiring specialized hardware.Scalability: The protocol is designed to process large volumes of transactions.Decentralization through trust: Instead of solving complex math puzzles, Pi Network secures the network through trust relationships among users. This is achieved via “Security Circles” — small groups of trusted users (“Pioneers”). Each user adds trusted people to their security circle, prioritizing nodes that score highly in the network’s “Trust Graph.”User roles: The Pi ecosystem involves four key roles:
  • Pioneers: Basic users who log in daily to verify they are human and contribute to the network.
  • Contributors: Users who add trusted people to their security circles, helping the network’s security and decentralization.
  • Ambassadors: Users who bring new members into the network.
  • Nodes: Users running the Pi Node software on their computers, supporting blockchain operation and the consensus process.

Governance

Pi Network’s governance model is still evolving, as it’s in the “Enclosed Mainnet” phase. Even so, a few key aspects are clear:
  • Pi Network lets users contribute to network security through security circles.
  • The founding team (Pi Core Team) plays a central role in the project’s development. Pi Coin allocations to the core team are progressive, aligning their interests with the overall health of the network.
  • Strategic collaborations, such as the one with PancakeSwap for the CAKEPI project, indicate a desire to integrate Pi into the broader Web3 ecosystem and provide liquidity and new use cases.
It’s important to note that although Pi promotes decentralization, its current infrastructure still has a degree of centralized control, especially regarding consensus and KYC data.

Security

Pi Network’s security is addressed across multiple layers, but with challenges specific to its development stage:
  • SCP and Security Circles: As mentioned, the SCP mechanism using trust-based security circles helps prevent Sybil attacks and ensures transaction validation in a decentralized way (through nodes).
  • Cryptography: The Pi network is secured through advanced cryptographic techniques, including public-key cryptography and digital signatures. The blockchain architecture includes SHA3-512 and AES-256 encryption for hashing and secure communication, as well as public/private keys for transaction authentication.
  • Enclosed Mainnet: The main Pi network currently operates in a closed phase, protected by a firewall that blocks external connectivity. This period is intended for millions of Pioneers to complete KYC and migrate their coins to Mainnet. When the “Open Mainnet” phase launches, the firewall will be lifted, enabling connections to other networks and wallets.
  • KYC verification: Pi Network places strong emphasis on KYC to ensure network integrity and regulatory compliance, an important safeguard against fraud and to build a trusted user base.
  • Wallet security: The Pi wallet is non-custodial, meaning users retain full control over their private keys.
  • Authentication: The project’s developers plan advanced security features, such as app-based two-factor authentication (2FA), neural-network-based authentication, multisig wallets, and biometric security.
  • Security challenges: As an ecosystem still under active development, Pi Network faces risks such as:
    • Speculative value: Pi Coin’s value is largely speculative, not yet listed on most major exchanges.
    • Scams: Reports of fake Pi Coin listings and scams highlight the importance of relying only on official Pi Network channels.
In conclusion, the Pi Coin ecosystem aims to democratize access to cryptocurrencies through an energy-efficient consensus mechanism and a community-centric approach. Security is key—addressed via SCP, security circles, and planned advanced features—but the project is still evolving, and the full opening of the mainnet will be an important test for its governance and security model.

Medium of Exchange within the Ecosystem

Pi Coin plays an essential role in facilitating transactions within the Pi Network platform. Here are some of the most relevant uses:
  • Purchasing goods and services: Pi is intended to be used as a payment currency in a diversified ecosystem. Users can, for example, pay merchants who accept Pi.
  • Peer-to-peer (P2P) payments: With Pi Coin, users can send and receive payments directly, without banking intermediaries.
  • Payments in decentralized apps (dApps): Beyond being a medium of exchange, Pi Coin also serves as a payment instrument for dApps built on the Pi Network blockchain.

Reward Mechanism through “Mobile Mining”

One of Pi’s most distinctive features is its innovative, widely accessible mining process.
  • “Mining” without specialized hardware: Unlike other cryptocurrencies that require expensive gear, users can mine Pi directly from their phones, lowering barriers to entry.
  • Rewards for network contributions: Daily activities such as check-ins, expanding security circles, and running Pi nodes are rewarded with Pi coins. These actions help secure and operate the blockchain.

Facilitating Ecosystem Development

The Pi Network ecosystem is built around incentivizing growth and innovation, with Pi Coin at its core.
  • Incentives for developers: Developers building apps on Pi Network can use Pi Coin to create blockchain-based economies. The Pi team also hosts hackathons and contests to spur innovation.
  • Utilities built on Pi Browser: Pi Browser enables the integration of decentralized applications, where Pi Coin plays a central role.

Democratizing Access to the Financial System

Another key goal of Pi Coin is reducing financial exclusion.
  • Accessible to anyone: The mobile-first approach allows anyone with a smartphone to participate in the ecosystem, regardless of location or financial status.
  • Overcoming banking limitations: People in regions without developed banking infrastructure can use Pi Coin to access financial opportunities previously unavailable to them.
The Pi Network project has gone through several major phases, each affecting Pi Coin’s market price differently:Phase 1: Building the network and community (March 2019 – March 2020)
  • What happened: This phase focused on user acquisition and community building. Pi “mining” was done via a simple daily confirmation in the app at a relatively high rate.
  • Pi Coin value: During this phase, Pi Coin had no market value. It wasn’t tradable on any exchange and no price was set. Value was purely theoretical, based on the project’s future promise. Users accumulated coins for free, hoping they would be valuable later.
Phase 2: Testnet (March 2020 – December 2021)
  • What happened: A test network (Testnet) launched, allowing nodes to run the software and test the blockchain before mainnet release. Developers began building dApps on Testnet.
  • Pi Coin value: As in Phase 1, Pi had no official market price. Testnet used “Test-Pi,” which wasn’t real and couldn’t be traded. Speculation about future value grew alongside the user base.
Phase 3: Enclosed Mainnet (December 2021 – February 2025)This was a crucial phase. The real Pi blockchain (Mainnet) launched, but with a firewall blocking external connectivity. The main goal was KYC verification for millions of Pioneers and migration of accumulated coins to mainnet.First “unofficial” exchange listings appear: Starting in December 2022 and especially February 2025, some centralized exchanges (e.g., OKX, Gate.io, Bitget, MEXC) began listing IOUs or initiating trading of Pi Coin representations. This was the first time Pi had a market price, even though the Pi Core team stated these listings weren’t authorized and didn’t represent Pi’s real value.Pi price history in this phase:
  • February 2025: When Pi began trading unofficially on these exchanges, the price was extremely volatile. PI reached an all-time high (ATH) of 2.98–3.00 USD at the end of February 2025.
Phase 4: Open Mainnet (Launched in February 2025)This phase marks the lifting of the firewall and full external connectivity, integration with other blockchains, and official exchange listings.Price history in this phase: Although Pi Network announced “Open Mainnet” in February 2025, its price remained volatile:
  • March–April 2025: By late March, Pi closed around 0.7168 USD, down over 66% from the ATH. By end of April 2025, Pi traded around 0.6078 USD.
  • All-time low: An ATL of about 0.40–0.407 USD was recorded in April 2025 as selling pressure from early “miners” who could move coins intensified.
  • Current price (June 2025): Holding around 0.62–0.65 USD, reflecting consolidation and uncertainty despite the open mainnet launch.
How much is Pi today, June 9, 2025: 0.626 USDT (OKX).

Accusations and Regulatory Issues in Certain Countries

Pi Network and its currency, Pi Coin, have faced numerous controversies and accusations, raising significant questions about legitimacy and legal compliance.
  1. Pyramid-scheme allegations
  • Reason for the allegation: Users earn more Pi by inviting new members, prompting comparisons to pyramid or MLM schemes.
  • Impact: Although the Pi team says this is a network-growth incentive (not MLM, since users don’t invest money directly to “mine” Pi), the similarity has generated skepticism and regulatory attention. Authorities tend to be cautious with such models, especially when there’s no tangible product/service and value derives mainly from recruiting new members.
  1. Lack of real utility
  • Reason for the allegation: Many critics argue Pi Coin had little real utility outside its closed ecosystem until the Open Mainnet (and even after). Prices on “unofficial” exchanges are seen as purely speculative and disconnected from intrinsic functionality.
  • Impact: In many jurisdictions, digital assets with no real utility and traded on future promises can be considered unregistered securities, drawing scrutiny from capital-market regulators (e.g., the SEC in the U.S.).
  1. Regulatory issues in certain countries (Example: Vietnam):
  • Situation: In countries like Vietnam, where Pi has a large user base, authorities have issued public warnings that all cryptocurrencies, including Pi, won’t be recognized as legal means of payment, and using them in transactions may incur fines or even criminal liability.
  • Centralization and control: Recent reports (May 2025) indicate a geographic concentration of Pi nodes (nearly half in Vietnam) and significant validator control by the core team.
  1. Data leaks
  • Situation: In 2021, there were allegations of a data leak (17GB of personal data from 10,000 Vietnamese citizens) linked to Pi Network.
  • Impact: Failure to comply with data-protection rules (such as GDPR in Europe) could lead to significant legal penalties.
  1. Scammers and fake Pi tokens:
  • Situation: Due to Pi’s popularity and confusion about its status, many scammers have exploited the situation. Fake Pi tokens have appeared on DEXs and fraudulent mobile apps posing as Pi Network, aiming to steal personal data or crypto.
  • Impact: Although the Pi team has issued warnings and tried to educate users, these incidents erode trust and can trigger legal investigations against bad actors. The Pi Network team says it works with legal advisors and, where relevant, assists local authorities against unauthorized activities.
  1. Lack of listings on major exchanges
  • Situation: The fact that Pi Coin isn’t listed on major exchanges like Binance or Coinbase (which have strict compliance standards) indicates caution toward its legal status. Exchanges that list Pi often do so with warnings, noting they are “IOUs” and not official listings.
  • Impact: A full, regulated listing would require Pi to meet securities laws (if classified as such) and global AML/KYC requirements.
In conclusion, Pi Network has faced legal and regulatory scrutiny due to its distribution model, mobile-first nature, and unconventional path to market. While there’s no clear evidence of lawsuits directly against the Pi Core team by governments or major regulators (yet), there are significant concerns and warnings from authorities in some countries, as well as ongoing accusations from industry experts.

How Supply and Demand Influence Pi’s Price

The more people want to buy Pi at a given time, the higher the demand for the coin. For example, if many users learn about Pi and want to start mining it or use it for transactions, demand for Pi will rise.Supply refers to the amount of Pi available for sale at a given time. It’s influenced by how many participants mine Pi and by the founding team’s issuance strategy. For instance, if the mining rate drops once the network reaches a certain number of users, supply becomes lower relative to demand, contributing to price increases.The market reaches equilibrium when supply and demand converge, setting an optimal price point acceptable to both sellers and buyers. This balance is influenced by:
  • Adoption rate
The more people use Pi for payments, savings, or other everyday economic purposes, the higher the demand. Growing adoption typically leads to a higher coin value.
  • Project design and supply limits
The Pi Network team opted for limited issuance. As more people mine the coin while the emission rate declines over time, the available amount remains constrained. Reducing supply can increase price if demand is steady or rising.
  • Market sentiment
Crypto markets are influenced by emotions. Positive news about Pi’s utility or future partnerships increases demand, while uncertainty or negative news can have the opposite effect.