Pi Network

Pi Network is a social cryptocurrency and a platform for developers that enables mobile device users to mine Pi coins. It was founded by a group of Stanford University alumni, including Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip.[1][2][3]The network has gained significant popularity, with over 50 million participants from around the world spanning 209 countries or regions.[4] In August 2022, Pi Network executed a major blockchain migration, with one million "Pioneers" transitioning to the Pi Mainnet. The Pi Network team has released a two-part roadmap announcement regarding the Open Mainnet launch. The roadmap is divided into two versions: Version 1: Released in mid to late October 2023 This version focuses on past and current milestones achieved by Pi Network, highlighting the project's progress and accomplishments. Version 2: Released in December 2023 This version will outline the upcoming milestones and objectives leading up to the Open Mainnet launch. Read more here,[5] However, Pi Network has also faced controversies during its history. One such incident involved reports of the listing of PI on platforms like Huobi and XT.com, which led to a rapid increase in the token's value. The Pi Network team later clarified through a Twitter announcement that they had no association with these exchanges and had not authorized the listing.[6] [7][8]

Pi Network
TypeDigital Cryptocurrency
IndustryCryptocurrency
Founded2018 (2018)
Founders
  • Nicolas Kokkalis
  • Chengdiao Fan
Headquarters
Palo Alto, California
,
USA
Area served
Worldwide
Products
  • Pi coin
Services
Websiteminepi.com

References
  1. Gupta, Siddhant (2019-09-16). "Stanford grads develop cryptocurrency for smartphone users to increase its accessibility". The Stanford Daily. Retrieved 2023-08-15.
  2. "Pi Network". Forbes Digital Assets. Retrieved 2023-08-15.
  3. Willing, Nicole; Henn, Peter (2023-04-06). Medleva, Valerie (ed.). "Pi Network price prediction: What is PI?". Capital.com. Retrieved 2023-08-14.
  4. "The Future of Social Cryptocurrency in Web3". Pi Network. Retrieved 2023-08-14.
  5. Pi Network (2022-08-17). "Pi Network Conducts One of the Largest Blockchain Migrations in Cryptocurrency History". Yahoo! Finance. Retrieved 2023-08-15.
  6. Notariya, Harsh (2022-12-30). "Pi Network (PI) Listing Sparks Controversy as Price Skyrockets". BeInCrypto. Retrieved 2023-08-14.
  7. "Pi News on X". 29 December 2022.
  8. "Pi Network Mainnet Launch: Transforming Dreams into Reality with Pi Coins". Mathemistry. 16 October 2023. Retrieved October 16, 2023.
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