After years of anticipation, Pi Network has finally transitioned to the Mainnet phase – marking a significant milestone in the development of this ecosystem. With new updates, from the liquidity of the PI coin to practical applications within the ecosystem, users are asking: What’s HOT with the Pi Network listing?
What is Pi Network?
Overview of Pi Network
Pi Network is a blockchain project that allows users to mine PI coins directly on their phones without consuming energy like Bitcoin or Ethereum. Initiated on March 14, 2019, by a group of PhDs from Stanford, Pi Network aims to create a decentralized ecosystem where PI can be used as a digital currency in real-world transactions.
Key Features of Pi Network
- No powerful hardware needed: Users only need to open the app daily to confirm mining.
- Uses the SCP (Stellar Consensus Protocol) consensus mechanism: Does not require resource-intensive coin mining.
- Potential ecosystem: Aims to integrate PI into e-commerce platforms, financial applications, and digital services.
However, throughout its development, Pi Network has faced many controversies regarding the liquidity and real value of the PI coin. The transition to Mainnet is a crucial milestone to prove the project’s practical capabilities.
Important Events of Pi Network
Development Stages of Pi Network
Pi Network has gone through 3 important stages:
- Testnet Phase (2019 – 2021):
- Users could mine PI for free using the Pi Network app.
- Strong community growth with millions of users worldwide.
- Closed Mainnet Phase (2022 – 2023):
- Pi Network transitioned to a closed Mainnet environment; only those who completed KYC verification could transfer PI to the Mainnet wallet.
- The first applications in the Pi ecosystem were tested.
- Open Mainnet Phase (2024 – Present):
-
- Allows PI trading on major exchanges such as OKX, HTX, and XT.COM156.
- The Pi application ecosystem is expanded, promoting the practical application of PI coins15.
-
New Updates on Mainnet
- Increased Liquidity: Pi Network is now available on major exchanges, making it easier for investors to buy and sell156.
- Expanded Applications: Several e-commerce platforms, blockchain games, and financial services have started testing payments with PI15.
- Officially Unlocked PI: More than 6.3 billion PI have been transferred to the Mainnet wallet, creating conditions for real-world transactions.
The Open Mainnet event has helped Pi Network enter a new era, but whether it succeeds will depend on the strength of the community.
The Power of Community and the Success of Pi Network
How many users does Pi Network have?
One of the reasons Pi Network stands out compared to other blockchain projects is its huge user community. Currently, Pi Network has over 100 million accounts, with a high level of engagement.
Strong Community Support
- Active on social media platforms like Twitter, Telegram, and Discord.
- Many small businesses are starting to experiment with accepting payments in PI.
- Pi Pioneers (PI miners) actively promote the project, helping it spread widely.
Thanks to this loyal community, Pi Network has been able to maintain sustainable development for many years despite encountering no shortage of skepticism.
Trading Pi from A to Z
With Pi Network officially listed on exchanges, users can trade PI coins more easily. Below is a detailed guide.
How to Trade PI on Exchanges
Step 1: Register an account on the exchange
- Currently, Pi Network is listed on OKX, HTX, and XT.COM156.
- Users need to register and complete KYC on these exchanges to trade.
Step 2: Transfer PI from the Pi Network wallet to the exchange
- Access the Pi Network app and connect to the Mainnet wallet.
- Transfer PI to the exchange via the PI receiving wallet address.
Step 3: Place a trading order
- Buy PI: If you believe in the potential of Pi Network, you can place an order to buy PI using USDT or BTC.
- Sell PI: If you want to take profits, you can place an order to sell PI when it reaches the desired price.
Step 4: Withdraw money to a bank account
- After the transaction is complete, you can convert USDT to VNĐ on P2P exchanges to withdraw to your bank.
Pi Network Investment Strategies
- Short-term investment: Take advantage of strong price fluctuations to trade quickly.
- Long-term investment: Hold PI and wait for the ecosystem to expand to increase its value.
- Mining and storage: If KYC has not been completed, it should be verified to be able to use PI in the future.
However, investors should note that the current PI price is still unstable, so trading decisions should be made with caution.
The official entry of Pi Network into the Mainnet phase is an important milestone, opening up many opportunities but also posing no shortage of challenges. What’s HOT with Pi Network? Let’s continue to follow Financialtrendnews.