In the world of cryptocurrency, Pi Network crypto is currently being discussed. In the news circulating, it is said that the Pi coin will soon be traded but still leaves several questions. No half-hearted because Pi coin is listed on several major crypto exchanges.
At the launch of the Pi Network Open Network (mainnet) in February 2025, there was a lot of speculation. This is what makes this crypto the most anticipated in history. It is even one of the cryptos that is currently in the world spotlight.
Facts about Pi Network Crypto
Ahead of its launch, it would be nice to know some facts about Pi Network crypto. Here is the review.
Utilizing Smartphones
One of the facts about this crypto is that Pi Network is a cryptocurrency project that helps users add Pi coins using only smartphones without excessive power. This is of course different from Bitcoin which uses high-power mining devices.
Because it can be accessed via smartphone, users can use it anytime. You can even monitor its movement from anywhere. This feels practical. For smooth operation, connect the device to a stable internet connection.
How it Works
Another Pi Network crypto fact is related to how it works. This system utilizes the proof of stake mechanism as well as proof of consensus.
This system allows users to get coins simply by pressing the mining button every 24 hours via the official application. This mining is also referral-based so that users can invite others to join and get increased mining speed.
Because of that, this one system can invite more and more new users. However, along with its popularity, there are many questions about whether the system can be sustainable in the long term.
Listing on Major Exchanges
This one Pi Network crypto fact is no less interesting to know. Pi Network is finally listed on a major exchange.
Even Bitget and MEXC confirmed the PI/USDT listing starting February 20, 2025. After that, it was followed by OKX’s steps to include Pi coin in its trading list.
However, this one fact invites many questions. Not a few are wondering whether the listing will be followed by other major exchanges. Some ask whether the price of Pi coin can be stable after listing or not.
Tokenomics
It should be noted that the total supply of Pi coins is limited to 100 billion tokens. The allocation is a mining reward of 65%, ecosystem development of 10%, liquidity pool of 5% and the core team reaching 20%.
Price Spike
When OKEx confirmed that the Pi coin would be listed, the price immediately skyrocketed. Pi Network crypto even reached more than 100% in a short time.
Even so, a big price spike is often followed by a sharp decline if there are no strong fundamentals. This is because the crypto market is known for its high volatility.
Involved in a Chinese Pyramid Scheme
The next fact is that Pi Network is involved in the largest pyramid scheme in China. Because of this, Pi Network faces strict supervision in China.
This goes hand in hand with accusations that its system is similar to a multi-level marketing scheme or is known as a pyramid scheme. This business model is illegal in China.
Upon hearing the news, Pi Network immediately took action. Pi Network implemented restrictions on Pi coin trading in several regions, including mainland China.
Ease of Access
Pi Network crypto makes it easy for users to access it. Considering that to access it only requires an application on a smartphone.
This ease of access cannot be felt when using Ethereum or Bitcoin. As we know, accessing Bitcoin requires special devices for mining.
Including Popular Crypto Projects
Not many people realize that Pi Network is one of the most popular crypto projects. If you look at the social media platform X previously called Twitter, this crypto is the 5th most followed crypto project.
Pi Network is also one of the most popular crypto applications in India and South Korea. Even the application has been downloaded more than 100 million times via the Google Play Store.
Apart from that, Pi Network crypto by trading Pi coins offers opportunities and risks for investors and traders. In order not to make the wrong move, investors and traders can do in-depth research first.
