Pi Network started in 2019 to make cryptocurrency accessible for everyone. It lets you "mine" coins using just a mobile app, with no need for expensive computers. The project has grown fast, attracting millions of users.
What is Pi Network
Here's how it works:
- Easy Mining on Your Phone: You can mine Pi coins by opening the app daily. Unlike Bitcoin, this doesn’t use much energy and is simple.
- A Growing Community: By early 2025, Pi Network had over 30 million users, called Pioneers. More than 12 million completed identity verification.
- Own Blockchain and Coin Supply: Pi runs a blockchain that uses a special system called the Stellar Consensus Protocol, which went on mainnet in February 2025. The total token supply is 100 billion. Most of the supply goes to users, while some go to fund development.
- No VC Funding: Pi Network doesn’t take outside money. Instead, it rewards users with coins and plans to make money from future apps and fees.
In summary, Pi Network is an easy way to mine crypto and has a huge community. But its future depends on whether people can actually use Pi for real transactions. Right now, it’s a promising idea, but it still has a long way to go.
Team of Pi Network
Vince McPhillip
Co-founder
He studied at Yale and Stanford. He's skilled in building communities. His work helps bring people together and grow Pi’s large user base.
Pi Network review
Pros
Easy to use
You only need a phone to mine Pi coins. Unlike Bitcoin, which requires expensive computers and high electricity use, Pi mining is simple. You don’t need any tech skills or special hardware, making it simple for beginners.
Huge community
By early 2025, Pi Network had over 30 million users. This large number shows trust and popularity, which is important for any new cryptocurrency. A big community also increases the chances of Pi becoming useful in the future.
Low energy use
Mining Pi doesn’t require powerful machines, so it doesn’t use much electricity. This makes it eco-friendly compared to Bitcoin and other coins that rely on energy-hungry mining operations.
Cons
New and untested
The main system (mainnet) launched in 2025, but the apps and marketplace aren’t proven yet. It’s unclear if people will actually use Pi for payments or if businesses will accept it.
No investors
Unlike other crypto projects, Pi Network doesn’t have big companies or venture capital backing it. Without outside money, it might take longer to grow and develop new features.
High Valuation
Pi is currently ranked at #12 in terms of market cap among all cryptocurrencies. This might deter investors from buying it as the upside seems minimal.