Pi (PI)
Rank #56
Market snapshot
- Price
- $0.089819
- Market cap
- $993.6M
- 24h volume
- $8.9M
- Circulating supply
- 11,062,150,455.6776
- Total supply
- 100,000,000,000
- Max supply
- 100,000,000,000
What is Pi?
Pi is a cryptocurrency designed to be mined using mobile devices. It operates on a layer-1 blockchain, allowing users to participate in mining through a mobile application that is energy-efficient. The network requires an invitation from an existing trusted member to join, facilitating a community-driven approach to cryptocurrency access and mining.
How Pi works
Pi utilizes a mobile app that enables users to mine the cryptocurrency without battery drain. The app allows users to earn Pi by participating in the network, which is built on a peer-to-peer model. Users can access decentralized applications (dApps) through the Pi Browser, which integrates with the Pi mining app for a seamless decentralized web experience. The Pi SDK provides developers with tools to create applications that work with Pi, requiring no specific blockchain development experience.
Key information
- Symbol
- PI
- CMC rank
- #56
- Network / platforms
- N/A
- Categories
- N/A
- Date added
- Feb 11, 2025
Key characteristics
Pi is categorized as a layer-1 blockchain and is designed for mobile mining. The application allows users to mine Pi cryptocurrency using their smartphones without excessive energy consumption. The Pi SDK supports the development of decentralized applications, facilitating integration with Pi accounts and built-in wallets for users.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Pi (PI)?
- Pi (PI) is a cryptocurrency that operates as a layer-1 blockchain and allows mobile mining through a user-friendly mobile application.
- How does the Pi network operate?
- The Pi network allows users to mine Pi cryptocurrency using a mobile app without draining battery power. Users can join the network through invitations and access decentralized applications via the Pi Browser.
- What are the technical features of Pi?
- Pi is categorized under layer-1 and mobile-mining. It features a mobile app for mining and an SDK for developers to create decentralized applications.
- What are the risks associated with transferring Pi?
- Users should verify the asset and network before transferring assets, and understand that transfers may be irreversible.
- How can I acquire Pi?
- To acquire Pi, users must verify the asset name and network, and review the custody method before transferring.
- Where can I find official resources for Pi?
- Official resources for Pi can be found on the Pi website, the Pi white paper, and the Pi SDK documentation.
