History of Pi Coin The Pi digital currency is the creation of three Stanford students – Vince McPhilip, Nicolas Kokkalis and Chengdiao Fan. They developed the Pi coin mining app which came into existence on 14th March 2019, which is also known as Pi Day.
Who owns Pi Network? Nicolas Kokkalis and Chengdiao Fan founded Pi Network. Pi Network claimed that there were more than 35 million Pioneers – people who mine the project's native token – as of 6 April 2023.
Pi Network claims to be a cryptocurrency or crypto asset. This is very contrary to the status of crypto in Indonesia, which is only limited to assets, not as currency. To mine Pi Coin, you must receive an affiliate code from a previous miner. After that, you will become a pioneer-level miner.
The Pi Network's future depends on the process of its transition from the Testnet to Mainnet operations and the adoption of the app in the Pi Network ecosystem. The future predictions for the Pi network might show an extremely impressive potential.
A strong developer ecosystem would provide more use cases for Pi coin. Network upgrades are also expected, and a foray into NFTs, DeFi, and Metaverse ecosystems would do the digital asset a world of good. This could drive the Pi coin value well above the $10 range in 2025.
The Pi coin has the potential to reach $100, but it might take the digital token several years to reach this milestone because there might be a huge supply of Pi tokens, which would force its price to fluctuate to keep a reasonable market cap.
Pi Coin Price Prediction Summary
Experts predict that the Pi coin will be worth $35 by the end of 2023. End of 2025 - Should the Pi network ecosystem continue to expand, the token could be worth around $50 by 2025.
This token is not listed on Binance for trade or service. Further Pi price and purchase information can be found in the How to Buy Pi Network DeFi (PI NETWORK DEFI) Guide.
How Do I Withdraw My Pi Coin? You can withdraw Pi coins once they get listed on a cryptocurrency exchange. Until the Pi coin goes live and is listed on an exchange, investors can mine the coins using the network and wait for the listings. Then, they can check the updates on the Pi network regularly for any news.
No value as of March 2023
Thus, selling the PI coin on any exchange online is impossible. Also, it doesn't exist on a live blockchain, and there's no wallet. Regarding mining, it's crucial to comprehend that traders in the cryptocurrency market can access the PI application from their smartphones by clicking a button.
Overall, the total supply of Pi in circulation is 100 billion tokens. Mined tokens are also included in this quantity. However, the lockdown mechanism has been implemented to maintain value stability. For more information about the Tokenomics Pi, please visit the mobile Pi application and read the new whitepaper.
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.
Elon Musk is one of the most influential figures in the tech industry, and his endorsement of Pi Network could attract a lot of attention to the project.
This is also determined by the market. The Pi coin is expected to be worth $2 in 2023, and the Pi network is expected to be worth $11 or $14 by the end of 2023. The price of the Pi network will skyrocket in 2024, with Pi Coins trading around $18 and potentially reaching $68 by the end of the year.
There are several possible answers to this question as the future of the Pi network is highly uncertain. However, if the network can continue to grow and attract new users, it is possible that it could reach a value of $1000 or more.
Despite being so rare and unusual, Pi is presently not available anywhere. However, one can obtain Pi coin only via mining as it has not yet been listed on any cryptocurrency exchanges in India or anywhere else.
The most common way of converting PI to BTC is by using a Crypto Exchange or a P2P (person-to-person) exchange platform like LocalBitcoins, etc.
Currently, the best Pi Network exchange to buy PI is Huobi Global, which saw $ 3,541.28 worth of Pi Network trading volume in the last 24 hours. However, you can also choose from other exchanges that list PI, such as BitMart.
In 2040, we may expect an average price of $891.94 depending upon the market trend. Our maximum price prediction for Pi Network is $901.14 in 2040.