According to the official introduction, Pi Network is a developer platform aimed at achieving wide accessibility and real-world utility. PI is the native token of the Pi Network platform, which allows users to mine and trade Pi on mobile, while also supporting the development of applications within its public chain eco. Pi has over 60 million users, with more than 19 million verified and over 10 million migrated to its mainnet. PI token is the native platform token of Pi Network, with a total supply of 9.294 billion and an initial circulating supply of 6.041 billion.
The mainnet of Pi Network was officially launched on February 20th. According to publicly available data, Pi Network has exceeded 110 million downloads on the Google Play Store, with nearly 14 million daily active users, and an average of 110,000 new downloads per day in the past 30 days. This growth reflects Pi Network’s increasing influence in the cryptocurrency market.
Pi Network Price trend You can refer to Core DAO (CORE). Core was listed on Gate.io in February 2023, with a highest price of $14.4 on the same day, and its total market value once surged to $14.49 billion, but its actual circulating market value is only around $200 million, with the market highly controlled. According to Gate.io market data, PI coin was listed on the Gate.io platform at 16:00 Beijing time this afternoon, with an opening price of $0.049, reaching a peak of $2.88, and the current price of PI coin is $1.3, more than 25 times higher than the opening price. According to the data model prediction, the final Pi price may stabilize between $0.7 and $1.
The biggest advantage of Pi Network lies in its large user base and strong dissemination ability. This feature not only makes Pi the focus of the market’s attention, but also attracts the interest of cryptocurrency exchanges. The rapid spread of Pi is mainly due to the following points:
Pi has completed a large-scale universal airdrop experiment through zero-threshold mining. Assuming each user holds 200-300 Pi, if the price of Pi stabilizes at $1, the average potential revenue per person could reach $200-300. This concept of ‘consensus as value’ is similar to Bitcoin, but Pi’s current eco is still incomplete and faces many challenges:
The success of PI Network does not solely rely on its large user base, but it needs to find a real economic model. Currently, Pi is more like a social experiment rather than a mature blockchain project. If it can learn from the success of Core DAO and gradually transition into a blockchain infrastructure platform, establishing a sustainable economic eco, then it may truly possess long-term value. Otherwise, it may just be a short-term market speculation phenomenon, eventually falling into a zero-sum game cycle.