Is the PI network a fraud or the next big thing in encryption?

The cryptocurrency is constantly evolving, with new projects appearing every year. One of this project that has gained great attention is PI network. But is it a revolutionary way to revive the cryptocurrency or just another fraud? This article will be provided In -depth analysis From the PI network, address its legitimacy, capabilities and risks.

Is the PI network a fraud?

PI network is An innovative approach to coded currency miningAllow users to earn a mobile phones. However, concerns about Central, privacy and transparency It still exists. While the launch of Mainnet is open in 2025 It is a promising step, investors should remain careful.

If you are interested in the PI network, Search accuratelyStay on a permanent knowledge, and make informed decisions before investing in or trading PI currencies.

What is the PI network?

The PI network was established in 2019 by researchers in Stanford To make the cryptocurrency mining accessible to everyone. Unlike Bitcoin miningWhich requires expensive devices and high electricity consumption, PI mining work on mobile phones Without draining the battery life or consuming additional data.

To cancel coin customers, users simply:

1. Download the PI network application (Available on Android and iOS).
2. Create an account Using their phone number or Facebook.
3. Press a button every 24 hours Metal currencies were inspected.

Unlike traditional cryptocurrencies, the PI network aims to be Easy to use and comprehensiveRemoving technical barriers in front of the entry.

How does the PI work?

PI is a unique model:

• Consensus algorithm: Use SEO (SCP) Protocol (SCP) Instead of proving the intense energy work.
• Trust system: Users create safety circles to verify the health of transactions, and ensure a central network.
• Gain rate: Initially, users were extracted in 0.8 PI per hourReducing with more people joining. This simulates the half -mechanism for Bitcoin.
• Mainnet transmission: The PI has recently launched Open MainnetIn the sense that users can now trade PI currencies on supported exchanges.

Is the pi legitimate network or a fraud process?

The arguments are in favor of

• Legal founders – Dr. Nicholas Cocalis and Dr. Chengdiao, fans who have academic backgrounds in Blockchain programs and technology at Stanford University.
• The growing society – more 60 million users She joined, making it one of the largest encryption communities.
• Open Mainnet has been launched Pi Network’s Mainnet opened in 2025 It allows users PI trading on exchanges such as OKX and Bitget.

In advance is not required Unlike Ponzi Persons, users do not have to invest money to invest PI.

The arguments against

• There is no external verification from Blockchain Do not use the PI network Blockchain General ExplorerRaising the concerns of transparency.
• Central issues Unlike Bitcoin, where mining is uncovered, the basic Network is still by its founders.
• There is no official value until recently For years, PI coins were not trading, making many questions whether they have a real value.
• Privacy concerns – Users need to Check their identity (kyc)Throwing concerns about how to process their data.

Pi Coin Price and market activity

Since the launch of the open Mainnet, I witnessed PI Coin Main price fluctuations:

• Initial value: PI started trading in 0.30 dollars – 0.50 dollars For each currency.
• Chesting decrease: Prices decreased 60 % After launch due to early sales.
• The last bounce: The price rose 80 %She is currently hovering around her $ 1.29 per coin of metal (As of February 2025).

Where can you trading PI?

The PI coin is currently in:

• Okx
• Peter
• (Possible List on Binance awaiting Community Voting)

How to exchange PI metal currencies?

If you are mining PI and you want that Converting it into real moneyFollow these steps:

1. Complete the Kyc verification This ensures that you are a real user and prevents multiple accounts.
2. Transfer PI currencies to the Mainnet portfolio – The calculated accounts can only be transferred to the PI to the official wallet.
3. Sell ​​on supported stock exchanges – Plastic platforms OKX and Bitget Allow PI trading for USDT or other cryptocurrencies.
4. Withdraw to a bank or an encryption portfolio – Exchang your PI to get Stablecoin (USDT, Busd) and pull it to your local bank.

Pi Network Vs Bitcoin: Main Differences

Common questions

1. Is the PI network free to join?

Yes, you can get PI coins without any investment provided.

2. When will the PI currency be fully traded?

Coin PI is already trading in some exchanges. However, its availability is on Binance and Coinbase It is still suspended.

3. Is the PI network safe?

Although the PI network does not require a financial investment, users should be careful Privacy risks and KYC data processing.

4. Can I deal with multiple devices?

No, the PI A is imposed One account for the person Policy preventing ill -treatment.

5. Does the PI reach $ 10 or more?

Unpredictable encryption markets. While some expect growth, the value of PI depends on Cases of adoption and use in the real world.