Comprehensive Analysis of Pi Coin (Pi Network)

What is Pi Coin?

Pi Coin is a digital currency based on the Pi Network. Its goal is to allow ordinary people to participate in cryptocurrency mining through mobile phones. It was launched in 2019 by three Stanford University graduates:

Dr. Nicolas Kokkalis

Dr. Chengdiao Fan

Vincent McPhillip

How It Works:

Mining on the Pi Network is not traditional; instead, it works on a "social security" model where users open the app daily and tap a button:

Pioneer: Regular user who earns Pi

Contributor: Builds a security circle

Ambassador: Invites new users to the network

Node: Runs the network on a computer

Current Status (As of 2025):

Pi Network is still in the "Enclosed Mainnet" phase, which means Pi can only be used within the network.

It has not yet been listed on major crypto exchanges.

Some users are trading goods and services using Pi, but it has no official market value yet.

Criticism and Concerns:

1. The blockchain is not fully open or transparent

2. No public trading has started yet

3. Some people consider it a social app or data monetization model rather than a true crypto project

4. The app shows ads, raising privacy and intent concerns

Future Potential:

If Pi Coin moves to the Open Mainnet and is listed on exchanges, a market value can be established

With millions of global users, it could gain significant traction—if the development team maintains transparency and delivers on its promises

Summary:

Pi Coin is a unique crypto project aimed at involving mobile users in blockchain technology. Currently, it has no public value, but it holds potential for significant changes in the future.