Understanding Pi Coin and the Pi Network: A Beginner’s Guide 2025

What is Pi Coin?
Pi Coin is the native cryptocurrency of the Pi Network, a blockchain project created with the vision of making crypto mining accessible to everyone. Unlike Bitcoin or Ethereum, which require powerful hardware to mine, Pi allows users to earn coins using a mobile app — without draining battery or data.

The Vision Behind Pi
Pi Network was launched on March 14, 2019 (Pi Day) by a group of Stanford graduates, including Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Their goal is to decentralize access to cryptocurrency and create a more inclusive digital economy.

How Does Pi Work?
Pi uses a “consensus algorithm” called Stellar Consensus Protocol (SCP). Instead of traditional proof-of-work mining, users validate transactions based on their “trust circles” — essentially social connections on the app. Every 24 hours, users press a button to continue mining, which keeps them active and secure on the network.

Phases of Development:

1. Phase 1 (Testnet) – Users joined, mined, and helped build the community.
2. Phase 2 (Testnet Migration) – A working testnet was created for developers and community testing.
3. Phase 3 (Mainnet – Ongoing) – As of now, Pi is in its mainnet phase, but coins are still not fully tradable on most public exchanges. Only KYC-verified users can migrate coins to the open mainnet.

Can You Trade Pi Coin?
Currently, Pi Coin is not officially listed on major exchanges like Binance or Coinbase, although there are some listings and IOUs on less-regulated platforms (which are unofficial and often speculative). Pi Network has stated that real trading will be enabled only after the mainnet is fully open and secure.

Is Pi Legit?
The project has a large user base (over 47 million users globally) and a solid academic background, but many in the crypto community remain cautious. The main criticisms are:

• Lack of open-source code for full auditing.
• Delayed timeline and unclear roadmap.
• No confirmed listing on major exchanges.

Still, Pi has built one of the largest mobile mining communities in the world and continues to develop its ecosystem, including a Pi Browser, developer tools, and community apps.

Should You Join?
If you’re curious about crypto and want a low-risk way to learn and participate, Pi could be worth exploring. Just remember:

• You can’t yet cash out real value.
• The success of the project depends on adoption, use cases, and exchange listings in the future.

We hope this write help in your crypto journey.