Pi Network 

PI Price

What is the Pi Network cryptocurrency?

Pi Network is a mobile-first crypto project in which users called Pioneers mine PI through a smartphone app. The project was founded by Stanford PhDs Nicolas Kokkalis and Chengdiao Fan and runs its own Layer-1 blockchain, with PI as the native coin. The network operated in Enclosed Mainnet mode from December 28, 2021. Open Network launched on February 20, 2025, permitting external connectivity to exchanges, wallets, and other blockchains. Business transactions on the network require KYB verification.

How does Pi Network mining work?

Users mine PI by checking in daily on the Pi Network smartphone app. The historical distribution model applied referral rewards and security-circle multipliers to each Pioneer's mining rate. Mined balances migrate to Mainnet only after the holder passes KYC, and fake or duplicate accounts are discarded. The whitepaper estimated that roughly 30 billion pre-Mainnet mined Pi would narrow to 10 to 20 billion after fake-account removal.

Is Pi coin a coin or a token?

PI is a coin, not a token. Pi Network operates its own blockchain, and PI serves as that network's native coin used for transactions and mining rewards. No smart-contract deployment on another chain is recorded for PI, which is verifiable on the project's own block explorer. The DropsTab classification for Pi Network is Blockchain.

What is Pi coin's maximum supply?

Per DropsTab data, PI's maximum supply is capped at 100 billion coins. The cap was introduced at Mainnet; pre-Mainnet mining carried no fixed ceiling. The allocation splits 80% community and 20% Pi Core Team. Within the community share, 65% is reserved for Pioneer mining rewards, 10% for the Pi Foundation reserve, and 5% for the liquidity pool. No ICO allocation exists.

How does Pi Network's emission schedule affect future supply?

Pi Network has no dated unlock calendar. The whitepaper defines a formula-based emission in which the daily supply limit declines as cumulative mined supply grows, with the systemwide base mining rate adjusted monthly. The 20 billion Core Team allocation unlocks only in proportion to community mining. Users can voluntarily lock balances for 2 weeks to 3 years in exchange for a mining-reward multiplier. This perpetual emission creates ongoing supply pressure with no fixed end date.

Did Pi Network hold an ICO or token sale?

No. The whitepaper states Pi has no ICO allocation and runs no token sales. DropsTab records no fundraising rounds for Pi Network. The supply model concentrates project-controlled tokens instead: the 20% Core Team allocation and the 10% Pi Foundation reserve together place 30% of maximum supply under the project's direct control.

What is Pi Network Ventures?

Pi Network Ventures is a $100 million investment fund announced by the Pi Foundation on May 14, 2025. The fund is denominated in PI and USD and targets startups that integrate Pi into real-world use cases. It represents the project's first major capital-deployment vehicle after years of operating without external funding rounds.

How did Pi Network's Bitget Launchpool campaign work?

Bitget ran a Launchpool and PoolX campaign for PI from February 21 to 28, 2025. Participants locked assets on Bitget PoolX to receive a share of 391,600 PI in rewards, and the campaign has ended. Pi Network's primary distribution channel remained in-app mining; the launch of Open Network itself carried no separate earning campaign.

Where can you buy and trade PI coin?

Per DropsTab data, PI trades on centralized exchanges only, with no tracked DEX pairs. Spot markets operate on OKX, Bitget, Gate, MEXC, and CEX.IO, covering more than 10 spot pairs including fiat quotes such as PI/USD, PI/EUR, PI/TRY, and PI/BRL. USDT-margined perpetual futures are available on OKX, MEXC, Gate, Bitunix, and BVOX. Liquidity depth beyond OKX depends on mid-tier venues.