Pi Network is a cryptocurrency project founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. The project aims to make cryptocurrency mining accessible to a broader audience by allowing users to mine Pi coins directly from their mobile devices.
Launch Date: The Pi Network officially began its journey on March 14, 2019, aligning with Pi Day, a nod to the mathematical constant π.
Global Consensus Value (GCV): Within the Pi Network community, there's a concept known as the Global Consensus Value (GCV), which some members reference as 1 Pi = $314,159, inspired by the numerical value of π.
However, it's important to note that this valuation is community-driven and has not been officially endorsed by the Pi Network's core team.
Open Mainnet Launch: After years of development and an Enclosed MainNet phase that commenced in December 2021, Pi Network is set to transition to its Open MainNet on February 20, 2025, at 8:00 AM UTC.
This significant milestone will enable users to trade their Pi coins on external exchanges and allow developers to deploy their applications to a broader audience.
The transition aims to enhance the utility of the Pi ecosystem and integrate it more seamlessly with other systems.
As of February 12, 2025, the network has achieved over 19 million KYC-verified users, with more than 10 million users having migrated to the MainNet.
These developments underscore the project's commitment to inclusivity and readiness for the upcoming Open MainNet launch.
NOTE: Please remember that cryptocurrency investments carry inherent risks, and market conditions can change rapidly. It's advisable to conduct thorough research and exercise caution before making any investment decisions.
