What is Pi coin and why you should invest in it!!NOWWW!!
February 18th 2022 is when I first wrote my first article, first posted here on Medium on mining Pi and other mainstream coins and today February 19th 2025 is when next I am writing about it? A day before it all goes mainstream? ha ha, I am lazy right? Not so serious about my writing career? Maybe… But all in all here I am, so let’s dive in.
By the way, here’s the link from my first article ever written, Pi is the only one that’s made it so far, since I wrote it, so have fun:
What is Pi coin?
Pi Network is a cryptocurrency project developed by a team of Stanford graduates, aiming to make digital currency mining accessible to everyone through a mobile application. You could mine it directly from your smartphone after every 24 hours without the need for energy-intensive hardware. Kinda like proof of work right? he he.This approach seeks to foster a more inclusive digital economy where individuals can participate in cryptocurrency mining with minimal barriers.
It was first launched on March 14, 2019 — which is the official Pi Day — and since then, the network has grown to include tens of millions of users worldwide, known as “Pioneers.” Currently it’s at 10.14 million mainnet migrations and a total of 19 million identity-verified pioneers.
Utilities and Use Cases
Despite just launching tomorrow, Pi Network has already built a community and a comprehensive ecosystem that extends beyond simple cryptocurrency transactions. The platform encourages the development of decentralized applications (dApps) and utility-based applications to enhance the coin’s functionality. It already stated the establishment of already 20 apps that will be functional upon mainnet launch among the 100 already made.
These applications, among others, aim to create a utilities-driven economy, ensuring that Pi is not just a speculative asset but a functional cryptocurrency with tangible applications.
Mainnet Launch and Platform Availability
Pi Network is set to launch its Open Mainnet on February 20, 2025, TOMORRROOWWW transitioning from its previous testing phase to a fully operational, decentralized network. This milestone will enable external wallet transfers, exchange listings, and the creation of more dApps, significantly enhancing the network’s capabilities.
Upon the mainnet launch, Pi Network will be accessible through various prospective platforms and exchanges that have mentioned listings such as: okx, binance, mexc, bitget among others.
Community and Ecosystem Development
The success of Pi Network heavily relies on its community of Pioneers, who contribute to the network by maintaining mining activities, supporting Pi-based applications, and utilizing the currency in transactions. The network has also seen the development of over 100 mainnet or mainnet-ready apps by Pi developers, showcasing a diverse and growing ecosystem.
Pi Price upon Launch
Now I know this is the part of the article you have been waiting for, Pi’s price is all over the internet and I can’t say cause I am not really sure, it’s all speculative. But here is what I trust from favorite, all time, the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space, Coinmarketcap. It’s considered one of the most trusted sources for cryptocurrency information.
As at the time of writing, note that this is only the IOU price of pi, pi is trading at $63.33 with a daily high of $80.98 and a daily low of $61.28. Pi’s ATH was $330.65 back in December 30th, 2022 and its ATL was $0.1794 back in April 7th, 2024 almost 10 months ago and up +35426.07% ever since.
With the given current price, pi might launch higher or below even this price but even if it’s below, how low can it get, let’s wait tomorrow and see?
Conclusion
Pi Network represents an innovative approach to cryptocurrency by making mining accessible through mobile devices and fostering a robust ecosystem of applications and utilities. As it approaches its mainnet launch, the network aims to transition from a novel concept to a fully operational blockchain ecosystem, potentially redefining how individuals interact with digital currencies.
