Understanding Pi Network and Its Ecosystem

Pi Network is a blockchain-based digital currency platform developed by Stanford PhDs, including Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. It allows users to mine Pi coins using their smartphones, making cryptocurrency more accessible to everyday people.

Key Features of Pi Network

- *Mobile Mining*: Pi Network enables users to mine Pi coins directly from their smartphones, eliminating the need for expensive hardware or technical expertise.

- *Decentralized Ecosystem*: Pi Network aims to build a decentralized, peer-to-peer ecosystem that empowers everyday users.

- *Purity Badge*: Pi coins that are mined and never transferred to any exchange retain a Purity Badge, which is essential for functioning on the Global Consensus Value (GCV).

Pi Network's Mainnet Launch

The Pi Network mainnet has been launched, marking a significant milestone in its development journey. With the mainnet launch, users can now:

- *Transfer and Utilize Pi Coins*: Pi coin holders who have passed KYC can transfer and utilize their tokens within a decentralized infrastructure.

- *Participate in Decentralized Apps*: Users can participate in decentralized apps (dApps) and smart contract deployment within a secure blockchain environment.

Pi Browser Wallet

The Pi Browser wallet has two types of available balances:

- *Contribution Balance*: Pi mined and never transferred to any exchange, retaining the Purity Badge and functional on GCV.

- *Non-Contribution Balance*: Pi that has been transferred to an exchange in the past, losing the Purity Badge and unable to function on GCV.

Requirements to Hold Pi with Purity Badge

To hold Pi with a Purity Badge, users must:

- *Create a Pi Account*

- *Mine for at least 30 days*

- *Complete KYC*

- *Be in the migration queue*

Once migrated, Pi coins transferred to the Pi Browser wallet will come with the Purity Badge. However, transferring them to a crypto exchange will result in losing the Purity Badge, even if they are transferred back #PI