Key Takeaways
PI Network is a mobile-based social cryptocurrency with a maximum supply of 100 billion tokens
PI price currently around $0.24 USD with 24-hour trading volume of $24.7M (November 2024)
MEXC Exchange offers PI/USDT trading with industry-lowest fees and 100% reserve proof
PI Network features innovative mobile mining accessible to everyday users
Blockchain technology based on customized Stellar protocol with emphasis on KYC verification
What is PI Network?
PI Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact PI using a mobile-friendly interface while supporting applications built within its blockchain ecosystem.
Unlike traditional cryptocurrencies like
Bitcoin that require high-performance computing equipment,
PI Network pioneered mobile mining, allowing ordinary users to participate in
cryptocurrency mining through smartphones without consuming massive electrical power or computational resources.
The Founding Team
PI Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both holding PhDs from Stanford University. Dr. Nicolas Kokkalis is a Stanford PhD in Electrical Engineering and postdoc in Computer Science, specializing in distributed systems and human-computer interaction. Dr. Chengdiao Fan holds a Stanford PhD in Anthropological Sciences, leveraging social computing to unlock human potential on a global scale.
PI Price Performance and Market Dynamics
As of November 2024, PI is trading at approximately $0.2411 USD with a 24-hour trading volume of $24.7 million. The PI token can be traded on centralized crypto exchanges, with the most popular trading pair being PI/USDT.
Tokenomics
PI has a maximum supply of 100 billion tokens with the following allocation:
65% allocated for community mining rewards
10% allocated for foundation reserves
5% allocated for liquidity purposes
20% allocated for the Core Team
Compared to
Bitcoin price volatility,
PI Network has shown relatively stable price movement. While the token reached an all-time low of $0.33 on August 26, 2024, it quickly recovered toward $0.4 in the following days.
Why Choose MEXC for PI Trading?
Most Comprehensive Trading Pairs
MEXC Exchange offers trading services for over 3,000 cryptocurrencies, making it one of the most comprehensive platforms globally. Whether you want to trade
PI/USDT,
BTC/USDT, or other niche tokens, MEXC has you covered.
Industry-Leading Low Fees
MEXC provides
zero-fee trading services:
Spot trading: 0% maker fee, 0.05% taker fee
Futures trading: 0.00% maker fee, 0.01% taker fee
100% Reserve Guarantee
MEXC is renowned in the industry for its high security, offering
100% Proof of Reserves. Users can verify reserve status at any time, ensuring asset safety. This level of transparency is rare among cryptocurrency exchanges and provides investors with additional trust and confidence.
Superior Liquidity
As a leading global cryptocurrency trading platform, MEXC boasts deep liquidity with over 40 million users, ensuring fast trade execution and minimal slippage.
How to Trade PI on MEXC
Complete account registration and KYC verification
Deposit USDT or purchase PI directly
Choose spot or futures trading and set your strategy
Start trading and enjoy low-fee advantages
How to Buy Crypto on MEXC with Apple Pay and Google Pay
Curious about what the market’s doing? You can also check the real-time price of any token—Bitcoin, Ethereum, or your favourite altcoin—right on MEXC.
See what’s trending now:
Blockchain Technology and KYC Innovation
PI Network is implementing a major protocol upgrade from Version 19 to Version 23. The new version is based on Stellar v23 but customized for PI Network, aiming to add more control and new functionalities for users. This includes embedding Know-Your-Customer (KYC) authorities into the protocol, maintaining PI as a KYC-verified
blockchain while offering a more distributed community-driven KYC process at the protocol level.
This innovation ensures network authenticity and security while addressing difficulties users have experienced with account verification in recent years.
Market Outlook
PI Network is at a critical stage transitioning from the closed mainnet to the open mainnet. As ecosystem applications continue to roll out and global community activity increases, PI's value largely depends on the pace of real-world application development.
Compared to mature cryptocurrencies like
Bitcoin,
PI Network is still in its early development stage. However, its unique mobile mining model and massive user base provide a solid foundation for future growth. When participating in
PI trading, investors should focus on the project's technical progress, ecosystem development, and the timeline for full mainnet opening.
Trading on a secure platform like
MEXC with
reserve guarantees minimizes trading risks while providing the optimal trading experience.
Conclusion
PI Network, as an innovative mobile
cryptocurrency project, is transforming traditional mining and trading models. By trading
PI on secure, efficient, and low-fee platforms like
MEXC, investors can better capitalize on opportunities in this emerging asset class.
As blockchain technology continues to evolve and the PI Network ecosystem gradually matures, PI tokens are poised to occupy a more significant position in the future cryptocurrency market.
Frequently Asked Questions (FAQs)
Q1: Is PI Network a legitimate cryptocurrency project?
A: Yes, PI Network is a legitimate project founded by a Stanford PhD team and is listed on multiple centralized exchanges including MEXC, Gate.io, and others.
Q2: Is it safe to trade PI on MEXC?
A: MEXC provides 100% Proof of Reserves, allowing users to verify platform asset reserves at any time. It is recognized as a safe and reliable trading platform in the industry.
Q3: What is the maximum supply of PI?
A: PI has a maximum supply of 100 billion tokens, with 65% allocated for community mining rewards.
Q4: Can I mine PI on my mobile phone?
A: Yes, PI Network's unique feature is allowing users to mine through a mobile app without requiring high-performance computing equipment.
Q5: When will PI fully open its mainnet?
A: PI Network is undergoing protocol upgrades and mainnet transition. The exact timeline for full opening should be monitored through official announcements.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are subject to high risk and price volatility. You should only invest in products you are familiar with and understand the associated risks. Before making any investment decisions, carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. MEXC is not liable for any losses you may incur from referencing this content.