$BTC Pi Network is positioned as an attempt to simplify the accessibility and introduce more people to cryptocurrency through a simple crypto mining and management system. It was officially launched on 14 March 2019 by Nicolas Kokkalis and Chengdiao Fan.

Pi Network offers a mobile mining feature, where users can mine Pi coins on their Android and iOS devices using the Pi mobile application. Participation in the mining program was solely by invitation. After installing and setting up the application, users can mine Pi coins on their devices with a single click. Since its launch, the Pi network has garnered a large social media following and has seen incredible growth in participation with over 60 million members as of November 2024.

Members of the Pi network are popularly known as Pioneers, and they can earn Pi coins by playing a number of roles including running a node on their personal computers, referring new members, or mining Pi coins on their mobile devices. The Pi Network mainnet (Open Network) launched at 8AM UTC on February 20 2025, and any remaining Pioneers are required to submit their KYC application and complete the Mainnet Checklist to migrate to mainnet by February 28, 2025.