What is Pi Network? Pi Network is a type of social cryptocurrency, a platform for developers, and an ecosystem designed for broad accessibility and utility in the real world. It allows users to mine and trade Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem. The supply model and mining mechanism of Pi Network follow a diminishing exponential decay token release model, in which the mining rate decreases over time based on the time and growth as well as network participation. The ecosystem and adoption of Pi Network have built an integrated ecosystem that facilitates transactions in the real world and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and traditional local businesses. Users can interact with the core team and community-built applications within the Pi ecosystem through the Pi Browser, where integrated features like the Pi Wallet provide a seamless experience. Events like PiFest 2024 have showcased the growing adoption of Pi, with over 27,000 active sellers and 28,000 merchants testing in 160 countries. Who are the founders of Pi Network? Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom hold PhDs from Stanford University and have a passion for improving human life through technology. Dr. Nicolas Kokkalis is a Stanford PhD in EE and a postdoctoral fellow in CS with research on distributed systems and human-computer interaction. His work focuses on merging distributed systems and human-computer interaction to bring cryptocurrency to the masses. A strong and long-term believer in the technical, financial, and social potential of cryptocurrency, he is determined to push them beyond current limitations and is committed to bringing the power of blockchain to more people. Dr. Chengdiao Fan holds a PhD in Anthropology from Stanford, leveraging social computing to unlock human potential on a global scale. Chengdiao is building Pi Network to mobilize individuals worldwide to participate and be rewarded for their contributions while establishing a comprehensive ecosystem for global citizens to liberate and seize their agency, and in turn create utilities and products for society and the world. Compliance and Identity Verification Pi Network adheres to a one-account-per-person policy through its Know Your Customer (KYC) solution. This system combines machine automation and human verification to validate user identities while still protecting privacy. The KYC process emphasizes real individuals, countering fraud, and enabling fair participation in the network's mining process. Pi's identity verification approach balances scalability, security, and accessibility, allowing millions of users worldwide to verify their accounts while remaining compliant.