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
- Visit the MEXC PI Trading Page
- 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
Want a quick and simple way to get started with crypto? MEXC now supports Apple Pay and Google Pay, giving you a seamless way to purchase tokens directly on the exchange.
Learn more here: How to Buy Crypto via Google Pay and Apple Pay on MEXC
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:
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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.
Market Opportunity
Pi Network Price(PI)
$0.22338
$0.22338$0.22338
USD
Pi Network (PI) Live Price Chart
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Latest Updates on Pi Network
View More
Can Pi Network Price Hit $10?
The post Can Pi Network Price Hit $10? appeared first on Coinpedia Fintech News Pi Network has been making headlines again, with new partnerships, strong community debates, and rising expectations. However, many are asking one question: Can Pi Coin reach $10 someday? Price Pressures and the Current Dip Pi Coin has been trading in a clear dip, mostly because of increased selling pressure and new token unlocks hitting the …
2025/12/05
Pi Network Price Shows Signs of Recovery as Unlock Rate Cools
The post Pi Network Price Shows Signs of Recovery as Unlock Rate Cools appeared on BitcoinEthereumNews.com. Pi Network price could be a coiled spring ready to pounce after spending the last few months in a narrow range. This rebound could happen soon as the pace of its token unlocks is set to slow down substantially in the coming months. Pi Network Price to Benefit From Falling Pace of Token Unlocks One reason why the Pi Network price has crashed by over 90% from its highest level in February is its continued token unlocks, which will continue in the coming years. The pace of token unlocks has been in an uptrend since its mainnet launch in February, and the network will unlock 190 million tokens this month. On the positive side, the pace of unlocks will continue slowing through June next year. Data compiled by PiScan shows that the network will unlock 121 million tokens in January, a figure that will continue falling until it hits a low of 76.3 million in June this year. Pi Network Unlocks Token unlocks are usually bearish for cryptocurrencies as they normally increase the number of tokens in circulation, which in turn leads to high inflation. Therefore, a decline in Pi Network’s pace of token unlocks will be a good thing for the price. This decline will come at a time when Pi is having some notable tailwinds. One of these tailwinds is its recent investment in OpenMind, which accelerated its pivot to the booming artificial intelligence industry. In a statement this week, OpenMind said that it had entered a partnership with Circle, the creator of the USDC stablecoin. The partnership will see the two companies create a foundational set of machine-to-machine payments. Its statement noted that the two companies will bring USDC-powered micropayments to life and shape the infrastructure of autonomous AI transactions. While the statement did not mention Pi…
2025/12/05
PI could drop below $0.22 amid a strong bearish trend: Check forecast
The post PI could drop below $0.22 amid a strong bearish trend: Check forecast appeared on BitcoinEthereumNews.com. Key takeaways PI is down 2% in the last 24 hours and could drop below $0.22 if the bearish trend continues. The technical outlook indicates short-term risk. PI could dip lower amid poor technicals Pi Network (PI) has been underperforming over the past three days and risks dropping below a critical support trendline. The on-chain data indicates an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. Data obtained from PiScan reveals that user deposits over Pi Network’s Know Your Business (KYB)-verified CEXs totaled 2.75 million PI tokens in the last 24 hours. The deposit is far greater than the withdrawals of 1.76 million tokens. Thus, indicating a daily net inflow of CEXs, suggesting that investors might be selling some of their stash. Will Pi Network drop below the $0.22 support line? The PI/USD 4-hour chart is bearish and efficient as PI has lost 2% of its value in the last 24 hours. The cryptocurrency is retracing toward a local support trendline formed from the October 22 and November 4 lows. At press time, PI is trading at $0.2267, with a bearish trend currently in play. The technical indicators are bearish, suggesting further downward movement. The RSI of 37 shows that PI is heading into the oversold region if the trend continues. The MACD lines are also within the bearish region. If the trend persists, PI could decline below the Monday low of $0.2204, with another major support just around the $0.1919 region. However, if the bulls regain control, PI could reclaim last week’s high at $0.2841. An extended bullish run would allow PI to eye the August 1 low at $0.3220. However, the current market conditions remain bearish, with PI expected to underperform over the next few days. Share this article Categories Tags Source: https://coinjournal.net/news/pi-could-drop-below-0-22-amid-a-strong-bearish-trend-check-forecast/
2025/12/05
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