Everyone keeps talking about PI Network. Let's take a look at this project together. Here's a summary of PI :

Pi Network is a cryptocurrency project that seeks to make cryptocurrencies available to ordinary users through a mobile application where they can "mine" PI coins with minimal impact on their phone battery.

A key element is building community and expanding the user base through a simple "mining" mechanism and referral system.

The project is still in the early stages of development (Enclosed Mainnet) and PI coin currently has no real market value or official listing on exchanges.

Where does the money for the project come from and who funds it:

Official information on Pi Network funding is limited and unclear. The project is not transparent about its funding sources.

Pi Network is not known to have gone through traditional investment rounds (e.g. seed round, Series A, etc.) with venture capital funds.

Possible sources of funding (speculation and conjecture):

Founders' own funds: the founders of Pi Network are Stanford graduates, it is possible that they initially funded the project from their own savings.

Merchandise sales and advertising revenue (limited): Pi Network sells merchandise (clothing, accessories with the Pi logo) and the app may display ads (albeit to a limited extent). However, these revenues are probably insufficient to fund a large-scale project.

Future fund from pre-mined PI coins (uncertain): Pi Network has pre-mined a certain amount of PI coins to be used to fund the development of the ecosystem and the operation of the project. However, the details of this fund and its management are not transparent.

Potential future investments (uncertain): If Pi Network manages to launch Open Mainnet and gain real value, they could attract investments from cryptocurrency funds or investors in the future. However, this is currently only speculation.#pi #PiCoreTeam