PI Network: Is This the Next Big Crypto Launch?
As the PI Network edges closer to a potential open mainnet launch, questions swirl: Is this the beginning of a new crypto era—or just another overhyped project?
Let’s put it into perspective by comparing PI’s approach to the early days of Bitcoin$BTC , Ethereum$ETH , and other notable launches.
---
A Different Kind of Genesis
Bitcoin was launched in 2009 by the pseudonymous Satoshi Nakamoto. It had no pre-mine, no ICO, and no marketing budget. Adoption was organic—driven by ideology and a small group of cypherpunks who believed in decentralization, freedom from centralized banks, and peer-to-peer finance.
Ethereum$ETH , launched in 2015, brought a new model to the space: smart contracts and a platform for decentralized applications (dApps). It had an initial coin offering (ICO) to fund development and quickly drew attention from developers and investors alike.
PI Network, in contrast, started in 2019 with a completely different focus: mobile-first mining. Its goal? To democratize crypto access by allowing users to mine coins through a phone app—removing the need for expensive hardware or deep technical knowledge. This user-friendly model helped PI amass over 47 million engaged users, an impressive feat in the crowded world of crypto.
