Pi Network ( PI ) Price Live Chart

What is Pi Network?

Pi Network is a mobile-first cryptocurrency and Web3 platform that empowers users to mine coins, build decentralized apps (dApps), and transact—all from their smartphones. Designed for mass adoption, it focuses on real-world utility while ensuring ease of use through a simple interface.

Users can earn Pi tokens by validating their identity, building trust circles, and contributing to the ecosystem. In addition to mining, Pi Network supports a vibrant developer platform, enabling both the core team and community to build apps that operate within its blockchain ecosystem.

Who Founded Pi Network?

Pi Network was co-founded by two Stanford PhDs: Dr. Nicolas Kokkalis and Dr. Chengdiao Fan.

• Dr. Nicolas Kokkalis holds a PhD in Electrical Engineering and conducted postdoctoral research in Computer Science at Stanford. His work focuses on distributed systems and human-computer interaction. A long-time believer in the promise of cryptocurrency, Kokkalis aims to make blockchain technology accessible to everyday people.
  

• Dr. Chengdiao Fan has a PhD in Anthropological Sciences from Stanford. Her work bridges social computing and global participation. Chengdiao envisions Pi Network as a way to unlock human potential and build a decentralized, inclusive economy where individuals are rewarded for their contributions.
  

Together, they designed Pi Network to be a secure, inclusive, and socially-driven blockchain ecosystem.

How Does Pi Network’s Supply Model and Mining Work?

Pi Network has a maximum supply cap of 100 billion tokens, distributed as follows:

• 65% for community mining rewards
  

• 20% reserved for the Core Team
  

• 10% held by the foundation for future initiatives
  

• 5% allocated for liquidity and ecosystem stability
  

Each of these buckets grows proportionally based on actual mining rewards (Migrated Mining Rewards), meaning tokens are only counted toward the total supply once users complete KYC and migration to the Mainnet.

What is Effective Total Supply?

The Effective Total Supply represents how many tokens are actively usable based on how many mining rewards have migrated to Mainnet. Since not all mobile balances get migrated due to KYC drop-offs, the Effective Supply is often lower than 100 billion. It is dynamically calculated as:

Effective Total Supply = Migrated Mining Rewards / 65%

All other allocations (Core Team, Foundation, Liquidity) are calculated proportionally.

How Does Mining Work on Pi Network?

Pi Network uses a declining exponential mining model defined in its whitepaper. Mining rewards are capped monthly and distributed based on a system-wide base mining rate.

Users can increase their rewards through:

• Forming Security Circles
  

• Running Nodes
  

• Participating in utility-based apps
  

• Engaging in the ecosystem through Pi Browser
  

The monthly supply decreases over time, which gradually lowers the base mining rate. Real issuance depends on KYC verification and Mainnet migration, meaning the actual coins issued may be significantly lower than the theoretical supply.

What Is the Pi Network Ecosystem and How Is It Being Used?

Pi Network is building a real-world Web3 ecosystem where users can:

• Use Pi for goods and services in both online and physical businesses
  

• Participate in decentralized apps through the Pi Browser
  

• Manage assets with the Pi Wallet
  

In 2024, PiFest highlighted the network's growth, featuring over 27,000 active sellers and 28,000 test merchants across 160 countries, showcasing Pi’s potential as a real currency for everyday commerce.

How Does Pi Network Handle Compliance and Identity Verification?

To maintain fairness and authenticity, Pi Network enforces a strict one-account-per-person rule through its KYC (Know Your Customer) solution.

This system combines:

• Automated facial recognition and document checks
  

• Human verification layers for quality control
  

KYC ensures that:

• Users are real individuals
  
  

• Mining is equitably distributed
  
  

• Fraud and bot activity are minimized
  
  

• The network stays compliant with global regulatory norms
  

This balance of scalability, security, and privacy has enabled millions of users worldwide to verify their accounts and participate meaningfully in the network.