Welcome! The topic of "Pi Network currency" is one of the most talked-about topics in the world of digital currencies, and there is a lot of discussion about it, so let’s simplify it in colloquial terms and see what the story is.
What is the Pi Network currency simply?
Pi Network is a digital currency project (like Bitcoin and Ethereum, for example) but with a different idea. Its goal is to be a currency for "ordinary people," meaning anyone can "mine" it from their mobile without needing powerful computers or consuming a lot of electricity.
So how does Pi Network work?
* Mining at the press of a button: All you have to do is download the Pi Network app on your mobile, register, and then every 24 hours, you just press one button to "mine" Pi currency. It's simple and doesn't consume much battery or data.
* Building a Trust Network: The project's idea is based on people forming "circles of security" with friends and acquaintances they trust. This helps ensure the network's safety and validate transactions without requiring massive computational power.
* Invites: The more people you invite to register in the app using your invitation code, the higher your mining rate increases. This is the point that makes many people see a similarity to pyramid marketing.
Does it have value now? And is it real?
This is the main point of contention surrounding Pi Network:
* It didn't have value back then: Until recently, Pi currency did not have any real monetary value that could be converted to cash or traded on known exchanges. It was just numbers in the app.
* Mainnet: The project was working towards reaching the "open mainnet" stage that would allow this currency to trade and move freely. The mainnet was launched at the beginning of 2025 (just a few months ago).
* Started appearing on some exchanges: After the launch of the main network, Pi currency began to appear on some cryptocurrency exchanges, and it has a price. But the important thing is that its value is still volatile, and some people complain about issues with transfers and withdrawals.
* Concerns and Risks: Many people say that Pi Network has many question marks and that it could be:
* Data Collection: The main goal of the application is to collect user data, which can reach millions.
* Hierarchical System: The idea of invites allows early entrants to benefit more than those who joined later.
* Advertisements: The app has shown advertisements at times, leading some to see that they are benefiting from the large number of users through ads.
* Low Transparency: The core team still controls a very large amount of the currency, which contradicts the idea of decentralization that should be present in digital currencies.
What's new in Pi Network?
* Price Value: The currency has had a price value for a while and is present on some exchanges, but not on major ones like Binance or Coinbase in an official and direct manner.
* Transfer Issues: There are many reports of users facing issues with transferring or withdrawing their currencies and that sometimes currencies disappear from their wallets after they complete identity verification (KYC).
* Future Predictions (Optimistic and Cautious): Some people are very optimistic about Pi's future and say it could reach high prices, while others are very cautious and advise staying away from it.
A final piece of advice in colloquial terms:
Pi Network is a controversial project. If you want to try free mining, you can download the app and press every day, but don't consider this a guaranteed investment or easy money. Be aware of the risks that may be present, and do not put any sensitive information or real money unless you are 100% sure of this project after extensive research.
In summary: Pi Network is an attempt for an easily mined digital currency via mobile, but it still has many questions regarding its real value, how it works, and its stability.
consider it as a successful digital currency.