Pi Network is a cryptocurrency that allows users to mine coins on their smartphones. It was created by Stanford academics Nicolas Kokkalis and Chengdiao Fan in 2019.
How it works
Users can mine Pi tokens by tapping a button in the Pi Network app once a day.
Users must engage with the app every 24 hours to continue mining.
Users can earn more coins by inviting others to join the app using their invitation code.
Features
Pi Network is designed to be accessible to everyone, without the need for specialized mining hardware or technical expertise.
Pi Network is a social cryptocurrency that supports applications built within its blockchain ecosystem.
Current status
Pi Network has not yet officially launched or secured listings on major exchanges.
Pi Network is still in development, and users can't currently withdraw, sell, or exchange their Pi for other cryptocurrencies.
Goals
Pi Network's goal is to make digital currency accessible to the general public