Pi Network: How to Participate in the Crypto Universe from Your Mobile Phone

Cryptocurrencies represent an unbridled global interest, as they combine two major emerging elements of today. On the one hand, technology and its multiple uses, and on the other, the emergence of a new currency that facilitates investments and isn't subject to the actions of different countries' Central Banks. It's a developing world, one that few know much about, which is why it's invaluable to stay up-to-date on alternatives like Pi Network , a very useful option when participating in the crypto ecosystem via mobile.

Started in 2019 by Drs. Nicolas Kokkalis and Chengdiao Fan , the Pi Network cryptocurrency emerged through a unique approach: allowing users to “mine” PI tokens directly from their mobile devices, without requiring specialized hardware or intensive power consumption, unlike traditional cryptocurrencies like Bitcoin .

To do this, rather than employing proof-of-work algorithms that require powerful computers, Pi uses the Stellar Consensus Protocol (SCP) and a Federated Byzantine Agreement (FBA), where users contribute through trust relationships in "security circles" and a simple daily tap on the app to validate their participation.

This approach has driven its popularity, attracting millions of users around the world, especially in regions where technological access is limited. While PI is not yet widely listed on major exchanges and its value depends on migration to the mainnet after identity verification (KYC), the community has grown due to its approach and utility, such as peer-to-peer transactions and decentralized applications (dApps) integrated with the Pi SDK.

The Pi Network proposal seeks to democratize access to cryptocurrencies by eliminating traditional barriers such as the cost of mining equipment and high energy consumption. By giving anyone with a smartphone the opportunity to "mine" Pi, the project enables users to participate in the digital economy.

This contrasts with traditional crypto models like Bitcoin, where mining has been concentrated in large industrial operations. Pi fosters inclusion by basing its security on trusted social networks, where users form circles that validate transactions without having to give up resources, promoting a greener operating system.

By prioritizing real utility over speculation, Pi transforms phones into financial tools, facilitating local transactions and third-party applications, potentially driving a global peer-to-peer economy. With this community-based approach, the PI project also aligns with the goals of Web 3.

To understand PI's value, you can consult key market data, such as its current price, market capitalization, and trading volume. For example, at the time of writing, the PI Network price is around $0.34. Its circulating supply is approximately 8,041.6 million tokens, out of a total of $100 billion, with 80% allocated to the community and 20% to the team for development and liquidity. The project has been able to acquire a large community, which values ​​the network's potential for mass adoption.

Among exchanges that provide IP information, OKX stands out, as it can not only be acquired, but also provides very useful information such as market capitalization, trading volume, and circulating supply, along with price changes throughout history.

In addition to these indicators, it offers tools that facilitate a deeper understanding of the project, such as guides on how to obtain the token, and price history charts detailing openings, closings, highs, and lows.

This content is for informational or entertainment purposes only and does not constitute an offer, solicitation, or recommendation to trade any products (including digital assets), communities, or financial advice.