What Is Pi Network And How Valuable Can It Be?

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Pi Network lets people mine crypto on their phones without high costs or draining power. With over 65 million users, a live mainnet, and growing app features, it’s shifting from experiment to active network. The token price remains volatile, but the real story is user-driven adoption. Its value depends less on hype and more on whether people keep using it, building with it, and pushing it beyond just mining.

Pi Network isn’t your typical crypto; it’s grown quietly by getting people to show up daily on their phones, not by pushing hype or chasing exchange listings. While most new tokens try to explode onto the market, Pi took its time building a massive community, all before even hitting full launch. Now that users can activate wallets and the open mainnet is going live, the real test begins. Can this kind of slow, community-first build actually lead to real value or will it all fizzle out if the tech can’t deliver? That’s what everyone watching Pi is trying to figure out right now. In this article, we will take a look at what is Pi Network gaining attention for, talk about the Pi Coin, and important aspect for those interested in the project.

Risk warning: Cryptocurrency markets are highly volatile, with sharp price swings and regulatory uncertainties. Research indicates that 75-90% of traders face losses. Only invest discretionary funds and consult an experienced financial advisor.

What is Pi Network and how does it work?

Pi Network

Pi Network started in 2019 with a simple idea: let people mine crypto on their phones without draining the battery or needing expensive equipment. By May 2025, over 65 million people have joined in, tapping a button daily to earn Pi coins. Here’s how it works:

Users download the Pi app and start mining with one tap a day.
The network uses a trust-based security model where users validate each other.
No real computational power is used. The app just maintains user activity.

The system relies on trust. Users form groups with friends or family to confirm transactions, keeping things secure without using lots of electricity. Earlier this year, Pi Network opened up to the broader crypto world, allowing its coin to be traded on several exchanges. The price has seen ups and downs, hovering around $0.60 now.

The team behind Pi is working to make the coin more useful. They've introduced custom web addresses ending in .pi and hosted shopping events where people can spend their Pi coins. Later this month, they're heading to a big crypto conference in Toronto, hoping to attract new partners and grow even more.

Is Pi Network a real cryptocurrency?

Pi Network has gained considerable value since its early days. With the Open Mainnet now live, users can trade Pi coins on certain platforms, and the community has grown impressively. But it's not all smooth sailing. The recent release of a large number of tokens has caused some price swings, and many are still waiting for Pi to appear on major exchanges. While the groundwork is solid, the real test will be how well Pi can integrate into everyday use and maintain its momentum. Find out if Pi Network is legit or a scam?

How to mine on Pi Network?

How to mine on Pi Network

Pi Network opened its Mainnet in May 2025, making it easier than ever to mine Pi coins using just your smartphone. Here's how you can get started:

Get the app

Download Pi Network from your app store.

Sign up

Create an account with your phone number or Facebook.

Use a referral code

Enter a code from someone you know who's already on Pi.

Start mining

Open the app daily and tap the lightning button to mine.

Boost your earnings

Trust circle. Add friends you trust to increase your mining speed.
Invite others. Share your referral code to bring in new users.

Verify your identity

Complete the in-app ID check to ensure your account is genuine.

Transfer your coins

Once verified, move your Pi coins to the Mainnet wallet within the app.

Remember, the more people join, the slower the mining rate becomes, so it's beneficial to start early. Pi Network uses a system that doesn't drain your phone's battery or data, making it a convenient way to participate in cryptocurrency.

What is the value of a Pi Coin?

<span translate="no">Pi Coin</span> current price

Pi Coin current price

As of early May, 2025, Pi Coin (PI) traded at approximately $0.58 USD, with a market capitalization around $4.1 billion. The price has experienced fluctuations since listing, ranging from a low of $0.52 to a high of $2.79.

The Pi Network recently activated its mainnet wallet, enabling users who have completed Know Your Customer (KYC) verification to access the blockchain. This development has fueled speculation about potential listings on major exchanges like Binance, which could positively influence the coin's value.

However, the network is also facing challenges. A significant token unlock is underway, with over 231 million PI coins being released over nine days. This influx could increase supply and potentially exert downward pressure on the price if demand doesn't keep pace.

Looking ahead, projections for Pi Coin's value in 2025 vary widely. Some forecasts suggest it could reach up to $2.10, while others anticipate it may remain below $1, depending on market dynamics and adoption rates.

Potential of Pi Network in the future

Since launching its open mainnet in February, Pi Network has allowed verified users to activate their wallets, making it easier for people to use the platform. Despite this, Pi Coin's price has dropped to about $0.58 from its February peak of $2.79. This decline is due to lower trading volumes and more coins entering circulation.

Looking forward, Pi Network's future depends on whether it can get listed on big exchanges like Binance or Coinbase, which would make it more accessible and potentially increase its value. The network's approach to mobile mining continues to attract users, but it faces challenges in keeping users engaged and dealing with regulatory issues. How it handles these factors will shape its success moving forward.

If you're interested in investing in projects like Pi Network, you can do so through any of the exchanges listed below. These platforms are known for listing new tokens tied to emerging crypto projects with strong growth potential.

Best crypto exchanges for investing in Memecoins
	Foundation year	Min. Deposit, $	Coins Supported	Spot Taker fee, %	Spot Maker Fee, %	TU overall score	Open an account
Kraken	2011	10	278	0.4	0.25	8.7	Go to broker Your capital is at risk.
Coinbase	2012	10	249	0.5	0.5	8.46	Go to broker Your capital is at risk.
OKX	2017	10	329	0.1	0.08	8.44	Go to broker Your capital is at risk.
Nebeus	2014	5	30	Not available	Not available	7.84	Go to broker Your capital is at risk.
Crypto.com	2016	1	250	0.5	0.25	7.24	Go to broker Your capital is at risk.

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Follow Pi activity, not price. Watch real adoption unfold

If you're just starting with Pi Network, don’t waste your energy checking coin price predictions. Focus instead on where the action is right now. Pi is building its own mini-economy, and the users who are active today, testing apps, joining discussions, or offering services, are laying the groundwork for what might one day be a busy network. Think of it like being one of the first people to run a shop in a town that hasn't fully opened yet. When it does, the early effort could pay off in more ways than just token value.

Also, don’t just follow Pi’s announcements; track what developers are actually releasing. Pi’s worth isn’t in the hype, it’s in the small tools, apps, and test features quietly rolling out. Pay close attention to what’s being built inside the Pi browser. If you start seeing apps that users come back to naturally, without reminders or rewards, that’s a major sign something real is forming. That’s when holding Pi becomes more than just hoping; it becomes being part of something early that might actually last.

Conclusion

Pi Network isn’t just about waiting for a price jump, it’s about what people are actually doing with it. If you’re just sitting on your tokens, you’re missing the point. The users who’ll get the most out of Pi are the ones experimenting now; buying things in Pi, building small tools, or helping others onboard. That kind of activity builds real value. Forget the hype. If the network becomes useful, that’s what will make Pi matter. Not talk. Not charts. Just use it.

FAQs

Is Pi Network legit or a scam?

Pi Network is a functioning project with a live open mainnet and a growing app ecosystem. While it is not listed on major exchanges yet, the infrastructure is active, and KYC-verified users can now use mainnet wallets. It’s not a scam, but it’s still early-stage.

Can I convert Pi into money?

Pi Coin still has limited liquidity. While some peer-to-peer trades and small marketplaces exist, official exchange listings like Binance or Coinbase have not yet materialized. So, while you might find ways to trade Pi informally, widespread fiat conversion is not available yet.

When is the Pi Network’s open mainnet launching?

The open mainnet officially launched in February 2025. However, full ecosystem functionality, including app integration and external exchange support, is still rolling out in phases.

Is it worth mining Pi?

Mining Pi still costs nothing and requires minimal effort. With over 65 million users and apps slowly gaining traction, many see it as a low-risk bet. But keep in mind, the token’s true value remains speculative until major listings or ecosystem usage expands.

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Team that worked on the article

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018.

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.

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