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)
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Pi Network (PI) Live Price Chart
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Latest Updates on Pi Network
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2025/12/06
17.5M Users Verified as AI Tools Boost Identity Processing
The post 17.5M Users Verified as AI Tools Boost Identity Processing appeared on BitcoinEthereumNews.com. AltcoinsBlockchain Pi Network is preparing for a pivotal phase in its development, unveiling a fresh batch of system upgrades designed to push more users into its Mainnet and reduce the long-standing bottlenecks in identity verification. The timing is strategic, arriving just before a major token unlock expected in December, which has already sharpened community interest around migration status and eligibility. Key Takeaways Pi Network has rolled out AI-driven KYC enhancements aimed at accelerating Mainnet eligibility. More than 190 million Pi tokens will unlock in December, increasing the urgency of user migration. Validator rewards are now expected by late Q1 2026 due to heavy data processing requirements. AI Steps Into the KYC Bottleneck The most significant upgrade comes from the network’s identity verification pipeline. Pi says it is now deploying AI automation across its standard KYC workflows — not just the Fast Track funnel introduced earlier this year — effectively halving the number of cases that need to wait for human review. The shift means newcomers and dormant users who struggled under the old rule requiring 30 mining-session completions before initiation should move through the system far faster than before. Fast Track itself remains unable to trigger migration on its own, but Pi has now fused its mechanics into the default verification route, meaning the speed benefits no longer apply to just a subset of users. This matters because more than 190 million Pi tokens — worth roughly $43 million — are scheduled to unlock, raising pressure on the network to increase Mainnet readiness. Validator Rewards and Data Processing Another update concerns validators, the network participants tasked with checking identity data and supporting the migration pipeline. The team said reward distribution is now expected in late Q1 2026, a delay they attributed to the sheer volume of data gathered since 2021…
2025/12/06
Pi Network Speeds Up KYC by 50% Ahead of 190M Token Unlock
The post Pi Network Speeds Up KYC by 50% Ahead of 190M Token Unlock appeared first on Coinpedia Fintech News Pi Network continues to struggle for momentum even as major cryptocurrencies rebound. While Bitcoin has climbed back above $94,000 and Ethereum has moved beyond $3,200 in early December, PI has gone in the opposite direction. The token is down about 12% this week and is trading slightly above $0.22, highlighting weak sentiment in the short …
2025/12/06
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