Pi Network - Page 11

Pi Network is a decentralized cryptocurrency project that aims to allow users to mine Pi coins using their mobile phones with minimal resource consumption. Launched in 2019 by a team of Stanford graduates, the network emphasizes accessibility, intending to allow individuals to earn cryptocurrency without the need for expensive computing equipment or extensive technical knowledge. Users join the network by downloading the Pi Network app, where they can mine coins by engaging regularly with the app, such as confirming their presence online and inviting others to join. The network operates in a three-phase model, with the initial phase focused on building a user base and community, followed by plans for a more integrated blockchain and market use of Pi coins in later phases. As of now, the Pi coins are not yet available for trading on exchanges, as the project is still in development and the focus is on growing its community.