Mainnet of Pi Network is going to be launched on 20 February 2025. If you are a Pi user, you must complete some tasks, if you do not complete them before 20 February 2025, you can lose all Pi tokens. Let’s talk about that.
Pi Network was launched in 2019. Nicolas Kokkalis launched it along with his friends. People have been waiting since 2019 for its Mainnet to come. It was delayed a lot, people were waiting, it has been 6 years, many people were thinking it was a scam. Finally Pi Network announced the Mainnet.
X/Twitter Official Page:https://x.com/PiCoreTeam
What is Mainnet?
Pi Network works on Testnet. You can mine it, but cannot transfer it, cannot trade it on the exchange. You can transfer it over the Mainnet, can add it to your wallet, and can trade it. If you can sell it on exchange, the option will open.
What is the Technology Behind Pi Network?
The most important thing in Crypto is which technology it runs. Bitcoin runs on Proof of Work, where Miners play a very important role. Miners keep the crypto network secure, they verify the transactions on it. If you want to become a miner on Bitcoin, earn Bitcoin, then you have to buy an ASIC Miner. ASIC Miner is like a supercomputer, which has graphic cards. These are very super power graphic cards, which are designed only for mining Bitcoin. These machines are expensive. There is also electricity cost to mine. Today it is not easy to mine Bitcoin. Big capital is required, normal people cannot mine Bitcoin.
After this other crypto mining came into existence. Everyone has a mobile, mine from mobile. Many different concepts came into existence. The electronic project which came from this concept also had a strong community, like the Pi Network provides today. You used to mine electronically from your phone. Use the application, in return you could earn electronic tokens.
This brought the concept of Pi Network. He said that even if you have to run applications on mobile, it consumes battery. Let’s make it even easier, download our application, do some work, and in return you will get a Pi token.
How does Pi mining happen in Pi Network? How does their Technology Work?
Users are part of the community. The user downloads the application. He will get more tasks for a few hours and tokens after completing the tasks. There is another option to earn more tokens. The user can strengthen the people with him and can create a trust graph. Bring friends, use my referral link, a circle will be formed, you will get more benefits from it and you will get more Pi tokens.
After performing the task, people go to the task node for verification. These nodes run some particular people. These people are selected by the Pi Network team, who verify these transactions. After verification, they go to the Super Node. Here, the Pi Network team is present. People on the Super Node add these transactions to the Blockchain, and then add it to the blockchain. This is how their network works. This is how Pi Mining works.
How many active users are there on the Pi Network?
Today more than 100 Million have been downloaded on Google Play Store. There is a Pi community in 200 countries. Out of 100 Million, 65 Million active users have participated and 19 Million have been KYC verified. 10.5 Million users are already holding PI in their wallets. Now its Mainnet has been launched.
Pi Token Listing Exchange
Bitget announces that if you deposit Pi tokens, they will give you additional Pi through airdrop.
Binance took the vote and announced whether we should list the Pi token or not.
OKX and other exchanges have also announced listing of PI tokens.
Pi Token listing not exchange
ByBit CEO announced we will not list.
Token Metrics
The Pi team said that a total of 100 billion Pi tokens will be supplied. In this, 80 billion will be given to the public and 20 billion will be kept for the team.
How much circulating supply of Pi Tokens will come into the Market?
The team has not announced this yet. People say that 562 million Pi have been mined, this could be the circulating supply.
Pi Network KYC Deadline
If you do not do this, you may lose your tokens. Pi has given a deadline, before 28 February 2025, if you are mining Pi, it is necessary to do KYC for Mainnet. If you do not do this, you may lose all Pi coins.
How to check KYC?
Go to Pi Application. Go to Mainnet. Select the Mainnet checklist, where you will get all the options, there will be an option for KYC, complete it. Complete the Mainnet checklist.
What is the use of Pi Token?
This will have to be seen in the coming time, there is nothing right now. People have received tokens, you can trade them on the exchange.
Disclaimer
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