What's Pi Network and Pi Coin All About?

Pi Network launched back in 2019. It’s this mobile crypto thing where you can mine Pi coins just using your phone. No fancy equipment needed. Some smart folks from Stanford - Dr. Nicolas Kokkalis and Dr. Chengdiao Fan - created it. Their big idea? Making crypto something regular people could actually use.

Unlike Bitcoin’s energy-hungry system, Pi uses the Stellar Consensus Protocol. Seems much greener. The whole ecosystem has this interesting structure with different roles - Pioneers, Contributors, Ambassadors, and Node Operators. Kind of creates a community vibe.

They’ve capped the total Pi coins at 100 billion. Most of it - 80% - goes to the community. The core team gets the rest. Now you can actually trade Pi coins, but you’ll need to verify your identity first and move to their mainnet.

What’s a Pi Worth?

Pi’s trading around $0.2682 as of September 28, 2025. Market cap sits at about $2.2 billion. Dropped a bit in the last day. Pi’s value bounces around. Not entirely clear what drives it sometimes - market stuff, how many people use it, development progress.

Pi Network’s real. It’s developing slowly but surely. Interesting fact - users didn’t have to invest anything to start. Looking ahead, they’re planning to grow their ecosystem. Cross-chain functionality is coming. Partnerships too.

Pi Network sticks to its original mission - making crypto accessible to everyone. It’s in this weird transition phase right now. Moving toward becoming fully open and tradable. We’ll see where it goes.