What is Pi coin?

Pi coin is the native token of the Pi Network. Users on the Pi Network earn Pi coins through mining. Holders can use their Pi coins to pay transaction fees and also perform transactions on applications and marketplaces built in the Pi ecosystem. Pi coin supply system is guided by activities on the network and distributed solely as user rewards.

What is the Pi mobile app?

The Pi mobile app acts as a cryptocurrency wallet, linked to a user’s phone number or Facebook account. As with other public blockchains, the Pi blockchain will allow external wallets to hold Pi coins and transact with them by submitting transactions directly to the blockchain.

What is the pi network?

Founded in 2019 by Stanford University students Nicolas Kokkalis and Chengdiao Fan, the Pi Network comes in the form of an app, a coin, and, controversially, a multi-level marketing (MLM) scheme. On the official Pi Network website, the service is described as one which makes crypto mining easier by allowing you to mine on your smartphone.

What is the value of Pi?

Pi currently carries no value and is not tradeable on an exchange. It is difficult to predict the value of the coin before launch, but it could start with a value of around 0.01 against the US dollar, according to some forecasts. Will the Pi price increase in future?