Question 1

What is Pi Network?

Accepted Answer

Pi Network is a blockchain project designed to enable users to participate in a digital currency network through their mobile devices. Instead of traditional mining, which relies on computational power, Pi Network allows users to earn Pi (PI) by engaging with the network through a trust-based consensus mechanism.

The network is inspired by the Stellar Consensus Protocol (SCP) and operates without proof-of-work (PoW). Users, known as Pioneers, form security circles to verify transactions and contribute to network security.

Pi Network is also being developed as a platform for decentralised applications (dApps), aiming to create a digital economy where users can exchange goods and services using Pi. The project is currently in a closed mainnet phase, with plans to transition to an open network expected in 2025.

Question 2

# Key Features of Pi Network:

Accepted Answer

- **Mobile-Based Participation –** Users engage with the network to earn Pi through a low-energy consensus model.  
- **Trust-Based Validation –** Security circles replace proof-of-work, with users verifying each other to maintain network integrity.  
- **dApp Ecosystem –** Pi is intended to serve as the currency for decentralised applications within its ecosystem.  
- **Gradual Decentralisation –** The network is currently in a closed mainnet phase, with plans to transition to full decentralisation in 2025.

Question 3

What is Pi (PI)?

Accepted Answer

Pi (PI) is the native cryptocurrency of the Pi Network, designed for use within its ecosystem. It is not yet widely tradable, as the network remains in development and external transactions are restricted until it moves to an open mainnet. Some exchanges have listed PI, but these listings are unofficial and not directly supported by the Pi Network team.

Users earn PI through the Pi Network mobile application by participating in the network daily. The currency is intended for peer-to-peer transactions, payments, and as a medium of exchange within dApps built on the network.

Question 4

# Intended Uses for PI:

Accepted Answer

- **Transactions –** Users can exchange PI for goods and services within the Pi ecosystem.  
- **dApp Integration –** PI is expected to function as the currency for applications built on Pi Network.  
- **Network Participation –** Users earn PI by contributing to security and validation processes.

The long-term success of PI depends on adoption, real-world use cases, and the network’s transition to an open and decentralised blockchain.

Question 5

Who created Pi Network (PI)?

Accepted Answer

Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Dr. Kokkalis, Head of Technology, holds a PhD from Stanford University and has experience teaching decentralised applications at Stanford. Dr. Fan, Head of Product, also holds a PhD from Stanford and has a background in human-computer interaction and social computing.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	PI-USDT PI-USDT	okex	A	0.07815USDT	-1.92%	16,585,097.99PI	19,864	0.07968USDT	0.07989USDT
2	PI-USDT PI_USDT	gateio	A	0.07825USDT	-1.81%	4,440,617.49PI	7,956	0.07969USDT	0.07990USDT
3	PI-USDT PIUSDT_SPBL	bitget	BB	0.07818USDT	-1.85%	4,101,868.47PI	5,920	0.07965USDT	0.07976USDT
4	PI-TRY PI-TRY	okex	A	3.87TRY	-1.78%	351,804.22PI	485	3.94TRY	3.95TRY
5	PI-USD PIUSD	kraken	AA	0.07807USD	-2.06%	376,995.09PI	460	0.07971USD	0.08373USD
6	PI-USDC PI-USDC	okex	A	0.07814USDC	-1.87%	219,560.34PI	213	0.07963USDC	0.07965USDC
7	PI-EUR PI-EUR	okex	A	0.06949EUR	-1.99%	144,487.23PI	465	0.07090EUR	0.07090EUR
8	PI-EUR PIEUR	kraken	AA	0.06958EUR	-1.94%	122,484.68PI	194	0.07095EUR	0.07215EUR
9	PI-USDT PIUSDT	cexio	BB	0.07889USDT	-1.15%	1,406.58PI	5	0.07981USDT	0.07981USDT
10	PI-BRL PI-BRL	okex	A	0.3950BRL	-1.77%	1,742.48PI	8	0.4021BRL	0.4021BRL
11	PI-USD PIUSD	cexio	BB	0.07766USD	-2.63%	175.40PI	1	0.07976USD	0.07976USD
12	PI-USDT PI(PINETWORK)_USDT	coinw	-	0.07817USDT	-2.09%	3,207,881.64PI	2,295	0.07983USDT	0.07983USDT
13	PI-USDT pi_usdt	lbank	C	0.07821USDT	-1.81%	3,029,494.08PI	6,539	0.07965USDT	0.07978USDT
14	PI-USDT pi_usdt	xtpub	-	0.07825USDT	-1.81%	2,214,210.16PI	2,527	0.07969USDT	0.07980USDT
15	PI-USDT pi_usdt	digifinex	D	0.07820USDT	-1.76%	1,378,103.90PI	5,833	0.07960USDT	0.07969USDT
16	PI-USDT PIUSDT	mexc	C	0.07815USDT	-1.90%	840,273.14PI	1,954	0.07967USDT	0.07980USDT
17	PI-USD1 PIUSD1	mexc	C	0.07829USD1	-1.86%	705,686.64PI	3,086	0.07976USD1	0.07976USD1
18	PI-USDC PIUSDC	mexc	C	0.07814USDC	-1.97%	695,544.24PI	3,062	0.07971USDC	0.07971USDC
19	PI-BRL PI-BRL	mercadobtc	C	0.3226BRL	0.50%	2,772.56PI	5	0.3210BRL	0.4249BRL