What is the PI network?
Despite years of delay, ambiguous operations and widespread doubts, the PI network still orders a close follow -up.
However, critics have termed the project a “mini -minded”, which cited advertising, referring growth and its dependence on the main control of the token. Some even allege that this can allow your customer (KYC) needs to earn the user’s data.
The question is simple: How is the mobile -powered cryptocurrency, how obstacles and limited utilities are criticized, how does millions of people maintain a button every day and maintain millions of people?
Launched in 2019 by Stanford -educated founders, the PI network went out to remon the crypto mining. Instead of energy -related hardware, users can “PI” pi through the smartphone app.
The project depends on the hashtake races, which relies on a wide range of consensus, instead of proof of work (POP), on the Protocol (SCP) and social “security circles”.
In February 2025, the PI finally opened its long -awaited mana for foreign trade and token transfer several years after the actual promise.
But the rollout was damaged. Delays in migration, KYC’s backlages and uneven access showed great disappointment. Nevertheless, the hype showed strength: By September 2025, a short rally raised the price of PI to $ 3.
So far, the PI network has maintained remarkable enthusiasm, facing the growing operational and structural misconduct.
Do you know? The first mobile was not a “mining” obsession. In 2017, a project called Electronium promised a smartphone mining, but was faded after interest in the exchange was over.
Criticism and red flags
Although the PI network continues to attract a high amount of consumers daily, critics say its basis is to solve the problem.
Centralization and Basic Team Control
Although PI makes itself a brand as a “open network”, the control is still focused in the hands of its basic team. All the legitimate nodes run through the project developers, not by members of the independent community. This is overwhelmed by that most crypto currencies are built.
Vague tokenomics and split
PI determines a maximum 100 billion token supply, distribution between four buckets: 65 % for community mining prizes, 20 % for the basic team, 10 % for foundation reserves and 5 % for liquidity. On the paper, it looks straight, but the actual number of circulation depends on how many coins have moved to the manate. Each category opens only with certified migrated mining rewards (MMR).
Referral rewards with parallel to MLM
Mining PI depends on references and “security circles”. Critics argue that this layered recruitment system is a mirror of multi -level marketing schemes, which raises sustainable questions that the new consumer growth is now slowing down.
Limited listing and leakage problems
Even after the launch of February 2025, PI’s commercial locations are limited to medium -sized exchanges such as Okax, Gate, Bitgate and MEXC. Listing has been stopped, citing concerns about tokenomics and centralization in major platforms like binns and coins base.
Fluctuations and suspicious token activity
PI market performance has been poor: September 3, 2025 (90 % crash) from early 2025 to $ 3 to $ 0.34- $ 0.35. Meanwhile, a crypto purse labeled “gas … ODM” is quietly collecting 331 million pies coins, reinforcing doubts about internal activity.
Privacy risks from Centralized’s YC
Users to move ear -made PI into the main net, users first know your customer (KYC). This means uploading the government -issued ID and completing the “direct selfie” check. Reports show that these data are stored on central servers rather than the user -controlled system, which has criticized the threats of confidentiality and security.
The concerns are not new: The previous allegations with the third -party providers have raised the questions about how the PI handles the information of a sensitive user and what are there enough safety measures.
Do you know? Recent web analytics show high visitors to the country of Mine P.com: Vietnam (10.2 %), South Korea (8.2 %), India (6.66 %), United States (6.6 %) and Ethiopia (5.2 %).
Why the hype remains intact
Independent mining, social reinforcement and stable ecosystem signals combine together to invest millions emotionally (even critics focus on liquidity gaps, limited listing and centrality).
Low obstruction of admission, minimal financial risk
Mining PI is facing attention instead of Capital. Users open the app once per session to confirm activity (no GPU, no electricity bill).
This structure reduces the reduction of risk and makes the network accessible to anyone with a smartphone. Layer privileges, such as referral boost (25 % per active invitation) and security circles (up to 100 % bonus), gaming the experience, and changing comfortable tapes in growing progress.
First design of leak and mobile
The PI markets itself as a “crypto for smartphone era”. Instead of wallets and mining veins, participation is reduced to a nap routine. Analysts highlight this as the real innovation of PI: it transforms non -technical, undercover or crypto consumers into a lightweight, energy efficient system (SCP instead of POP).
Community ID as a speed
Labels are important. PI consumers call themselves “piners”, and rituals such as daily taps, references and team construction create social glue.
Campaigns such as puffest and “PI map” reinforce activity, which gives participants a sense of relationship. Even if PI’s “60m users” data is discussed, the certified activity is widespread through crypto standards close to around 12 million accounts.
Experience and hope on quick utility
The project story is deliberately long -term: First make a user graph, then expand the utility. This setting allows the migration to refer to temporary obstacles such as delays or thin listings. For believers, vision is more important than present.
Indicators of ongoing evolution
The speed is also kept alive by the climate system indicators: hackets, developer grants and builder funds. These are not the final products, but they give the community milestone to track and talk, which helps maintain the engagement between market swings.
Do you know? There are more than 6.9 billion smartphones worldwide in 2025, namely, in mobile first crypto experiments like PI, Bitcoin is more recognizable market, with a number of 460 million.
What to see ahead
The power to establish PI has never been about the short -term price. The real test is whether it can turn curiosity into the utility of open network.
For observers, the signals to see are obvious:
- Practically विकेंद्रीकरण: Proof that “open network” means more than the slogan. Independent verification and real integration (not only app messaging) are key.
- Listing and Luxery: Unless there is a major exchange in the binns stages, the discovery of the price and the user’s confidence will not be limited.
- Environmental System Supply: Funded hackets, direct apps and active use are far more important than blog updates.
- KYC and Migration Progress: The transparent, increasing number of high consumers will be the basis for any active economy.
If these milestones go ahead, PI’s hype may begin to turn into trial utility. If they stop, faith (not basic principles) remains the main product of this project.
