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Pi Network – Short description and benefits
Description:
Pi Network is a digital currency project launched in 2019 by a team of Stanford graduates. The goal is to create a user-friendly and environmentally friendly cryptocurrency that can be "mined" on the smartphone - without much energy consumption. The currency is called Pi (π), and users earn it by activating the app daily and expanding their network.
Advantages of Pi:
1. Energy-efficient mining: No expensive equipment or high power consumption required - mining is simply done via smartphone.
2. Beginner-friendly: The app is intuitive and requires no technical knowledge.
3. Strong network: The project relies on a social mining model in which trust and network growth are rewarded.
4. Future benefits: Pi is to be used as a means of payment in its own ecosystem (Pi apps, marketplaces).
5. Decentralized vision: The long-term goal is a stable, user-supported economic system without central control.
Current state of development (as of May 2025)
• Mainnet launch: After several delays, the Open Mainnet was on the 20th. February 2025, which marks the transition from a closed to an open network.
• Stock market listings: PI is now tradable on platforms such as Gate.io and OKX. Binance has initiated a community vote on the possible listing, which indicates growing interest.
• Market reaction: The price of PI showed high volatility, with an initial rise to $2.888, followed by a decline to about $0.8.
• Adoption: A remarkable step towards practical use is the announcement of Zito Realty LLC, a Florida real estate company, to accept PI as a means of payment.
