๐๐ฅ๐ฅ ๐ข๐ฌ ๐๐ซ๐ข๐๐๐ฅ๐ฒ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐๐ ๐ข๐ง ๐ฃ๐ฎ๐ฌ๐ญ ๐จ๐ง๐ ๐๐ซ๐ญ๐ข๐๐ฅ๐:-
Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom have PhDs from Stanford University . The network enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem.
The Pi Network has a unique supply model and mining mechanism, following a negative exponential declining token issuance model. This means that mining rates decrease over time based on time and network growth and participation .
As for its history, Pi Network was launched in 2019, and since then, it has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses.
Regarding its latest news, there's been speculation about Pi Network's potential listing on Binance, which could significantly impact its price and adoption. In fact, a community vote on Binance Square showed overwhelming support for Pi Network's listing, with 87.1% of voters in favor . However, Binance clarified that the vote was for reference only and does not guarantee a listing.
The latest news also suggests that Pi Network's mainnet migration and KYC extension have been delayed until March 14, 2025, which coincides with "Pi Day" . This has led to speculation that Binance might announce Pi's listing on this date, potentially leading to a significant price surge.
Currently, Pi Network's price is around $1.93, with a 24-hour trading volume of $678,634,433 .
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