History of Pi Network
The Pi coin was created by a team of Stanford graduates and was launched in 2019 on Pi Day, 14 Match. A free Pi mining app was also provided during the launch, which enabled users to mine the crypto on their phones. Till now Pi coin value is not known as the network hasn’t launched any coin yet.
By June 2019, the crypto had already amassed more than 100,000 active users. By February 2020, the user base had grown to over 3.5 million active users. Today, the network has over 29 million active users, more than double its number of users in March 2021.
To protect its scarcity, the crypto undergoes halving, which is the number of coins awarded for processing a transaction. For instance, the Pi network halved from 1.6 π when it reached 100,000 active users.
The process repeated when it reached another milestone of 1 million active users and again when it reached 10 million users. It will continue with the halving process until it reaches zero, when the number of active users will be 1 billion.
Pi Coin Price Prediction
The price of Pi Coin will vary depending on supply and demand in the market.
what is Pi Network
Pi Network is a cryptocurrency project that has not been listed on any major cryptocurrency exchanges yet. Therefore, there is no current market value for Pi Coin on any cryptocurrency exchange. Pi Network is still in its beta phase and its value will be determined by various factors, such as its adoption rate, the number of users, and the development progress of the project.
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Nicolas Kokkalis is one of the co-founders of Pi Network, a mobile cryptocurrency mining platform that aims to make mining accessible to the general public through a user-friendly mobile app. Along with two other co-founders, Chengdiao Fan and Vincent McPhillip, Kokkalis developed Pi Network, which launched in March 2019.
Kokkalis is also a PhD candidate in Computer Science at Stanford University and his research interests include distributed systems and computer networking. He has published several papers in reputable conferences such as SIGCOMM and OSDI.
Chengdiao Fan is one of the co-founders of Pi Network, Fan is also a PhD candidate in Computer Science at Stanford University and her research interests include distributed systems, blockchain, and computer networking.
Prior to her work on Pi Network, Fan was involved in research projects related to blockchain technology and co-authored several papers on the topic.
What is Pi Coin IOU
What is Pi Coin IOU
The Pi coin IOU is essentially a contract between two parties that states that the holder of the IOU will receive a certain amount of Pi coins at a later date. This contract was created when the value of the Pi coin was much lower than it is now. As such, the IOU holders are now at a significant disadvantage, as the value of the Pi coin has increased and they are still only entitled to the amount of Pi coins specified in the contract.
Has Pi coin been listed on exchanges
NO, at least not officially by the Pi core team but some exchanges have decided to list on an IOU basis.
Warning from the Pi Core team on the sale of Pi Coins
Pi Network is aware of reports that several unauthorized third party exchanges, and potential unknown third parties, are seeking to list Pi or tokens purporting to be Pi, or some purported derivative of Pi, without the consent, authority or involvement of Pi Network.
Pi coin current IOU Price
The live Pi price today is $28.27 USD with a 24-hour trading volume of $718,604 USD. We update our PI to USD price in real-time. Pi is down 1.18% in the last 24 hours. The current CoinMarketCap ranking is #2859, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
Pi Coin Price Prediction 2023 and 2025
WalletInvestor predicts the Pi coin will be a bad, high-risk 1-year investment. The platform shares the following Pi network price predictions based on the price gains of the leading social/technological innovations like Facebook, Smartphones, Data, etc. Thus, WalletInvestor estimates the Pi coin's price would be $0.00111 by the end of 2023, $0.0849 in 2024 and $0.354 in 2025. Reddit Community estimates the PI coin should have long-haul benefits. The Pi Network price might arrive at the objective of over $18 by the end of 2023. Crypto Ground estimates the Pi Network has a promising future. The Pi coin's price might skyrocket to $61.259 by 2024. CoinSwitch estimates the Pi coin's price may go up to $50 by 2025