What you may not have known about Pi Network šPi me to the moon š
All about Pi Network āø» šļø PiFest 2025: Promoting Local Commerce with PI Coin From March 14 to 21, 2025, Pi Network held the first PiFest as part of the Open Network phase. The event aimed to connect Pioneers (Pi Network users) with local merchants who accept PI Coin as a payment method. Over 100,000 merchants participated worldwide, boosting real-world adoption of PI Coin. (Source ā Binance Square) āø» š .pi Domains: Digital Identities within the Pi Ecosystem On Pi Day (March 14, 2025), Pi Netw
Pi Network is a digital currency project launched in 2019 by a team of Stanford graduates. The goal is to create a user-friendly and environmentally friendly cryptocurrency that can be "mined" on the smartphone - without much energy consumption. The currency is called Pi (Ļ), and users earn it by activating the app daily and expanding their network.
Advantages of Pi:
1. Energy-efficient mining: No expensive equipment or high power consumption required - mining is simply done via smartphone.
2. Beginner-friendly: The app is intuitive and requires no technical knowledge.
3. Strong network: The project relies on a social mining model in which trust and network growth are rewarded.
4. Future benefits: Pi is to be used as a means of payment in its own ecosystem (Pi apps, marketplaces).
5. Decentralized vision: The long-term goal is a stable, user-supported economic system without central control.
Current state of development (as of May 2025)
⢠Mainnet launch: After several delays, the Open Mainnet was on the 20th. February 2025, which marks the transition from a closed to an open network.
⢠Stock market listings: PI is now tradable on platforms such as Gate.io and OKX. Binance has initiated a community vote on the possible listing, which indicates growing interest.
⢠Market reaction: The price of PI showed high volatility, with an initial rise to $2.888, followed by a decline to about $0.8.
⢠Adoption: A remarkable step towards practical use is the announcement of Zito Realty LLC, a Florida real estate company, to accept PI as a means of payment.