Pi Network is a cryptocurrency project that aims to make crypto mining accessible to everyday users through mobile phones. Here's a concise definition:
Pi Token (PI):
PI is the native cryptocurrency of the Pi Network, a blockchain-based platform that allows users to mine tokens via a mobile app without draining battery or requiring technical hardware. It was created by a team of Stanford graduates and is still in its development phase, transitioning from a testnet to a fully functioning mainnet.
Key points:
PI is not yet listed on most major exchanges.
Mining is done by pressing a button daily in the app.
The project is still working on decentralizing and opening its mainnet to the public.