What is Pi Network?
What is Pi Network?
Pi Network is a new cryptocurrency that allows everyday people to earn rewards for participating in the network's consensus algorithm. The algorithm is designed to be user-friendly and allow for mobile-first mining, utilizing the Stellar Consensus Protocol (SCP).
History of Pi Network
Pi Network was founded by a team of individuals with the goal of making cryptocurrency more accessible to everyday people. The network utilizes the SCP and was created to offer a user-friendly, mobile-first mining experience.
What's Next for Pi Network
The Pi Network team has plans to expand the functionality of the network, including the creation of an attention marketplace, a barter marketplace, and a decentralized app store. The attention marketplace will allow members to pool their attention and barter it with their peers or with companies seeking their attention. The barter marketplace will allow members to offer their goods and services to other members of the network. The decentralized app store will provide a platform for developers to create decentralized applications within the Pi Network ecosystem.
What can Pi Network (Pi) be Used For?
Pi can be used as a means of exchange within the Pi Network ecosystem. The network's attention and barter marketplaces, as well as its decentralized app store, will provide opportunities for individuals to monetize their attention, skills, and services. The native trust layer of the network will facilitate transactions and allow for a growing basket of goods and services to support the value of Pi.
Where can you buy Pi Network?
PI tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Pi Network is HTX, where the most active trading pair PI/USDT has a trading volume of $168,194 in the last 24 hours. Other popular options include BitMart and CoinW.
What is the daily trading volume of Pi Network (PI)?
The trading volume of Pi Network (PI) is $756,299 in the last 24 hours, representing a 32.10% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Pi Network (PI)?
The highest price paid for Pi Network (PI) is $307.49, which was recorded on Dec 30, 2022 (about 1 year). Comparatively, the current price is 89.15% lower than the all-time high price.
What is the all-time low for Pi Network (PI)?
The lowest price paid for Pi Network (PI) is $0.05586, which was recorded on Nov 28, 2019 (over 4 years). Comparatively, the current price is 59,622.26% higher than the all-time low price.
How does the price performance of Pi Network compare against its peers?
With a price decline of -7.50% in the last 7 days, Pi Network (PI) is underperforming the global cryptocurrency market which is up 11.90%, while underperforming when compared to similar IOU tokens cryptocurrencies which are up 0.00%.
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