Have You Ever Come Across the Crypto Called Pi Network?

RealGenozz

RealGenozz

Contributor
In 2019, one of my cousins called me and told me about the Pi Network. We were already aware of cryptocurrency and investing, so he invited me to join. It only required one click a day.
He wasn't in touch with a guy who told him to install the app, and since we didn't have any other trusted sources of news, we followed the official updates in the application.

On December 24, he locked 100% of his coins for boosting for three years. I decided to lock mine for only six months because I wasn't comfortable locking them for three years. I currently have 3,500 transferable Pi coins, which will unlock next month.

In February 2020, they were listed on Bitget. Most of the users locked their coins for three years.

I'm here to ask if you have any information about redeeming. if you have this whats your future plan in this. i prefer to close and invest in lowest supply like BTC or stable like USDT

Here are some sources about Pi

Pi Price now
PI Network
 
I recently heard about Pi Network, and a friend referred me to it. The price of one coin is decent which ia around ₹65, compared to other cryptocurrencies. It's more efficient than Bitcoin, which is a hardware-intensive energy hog. Pi mining is different—it uses a mobile-based consensus algorithm that allows users to mine coins on their smartphones with minimal resource consumption, making it accessible and eco-friendly. I've been mining for four months now and have completed KYC. Let's hope it goes crazy high and gets me to the moon!
 
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RealGenozz said:
I think 5$ is max because they have unlimited supply
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If they have unlimited supply , it will never be fundamentally strong ,bitcoin has value because its anonymous and limited ,pi is asking for your ID and kyc ? its controlled by certain people too , that makes it vulnerable and nothing like bitcoin or eth.
 
Detox said:
If they have unlimited supply , it will never be fundamentally strong
Click to expand...
Pi Network has over 35 million active users globally, and many of them missed the KYC process, while some have forgotten their passwords.
I saw a post on X over 10 million coins have been burned by those users.
it is in 9th place in the crypto market when it were launched at feb 20, 2025
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Now it is in 27th Source

And what is your insight? Share what you think about it
 
RealGenozz said:
Pi Network has over 35 million active users globally, and many of them missed the KYC process, while some have forgotten their passwords.
I saw a post on X over 10 million coins have been burned by those users.
it is in 9th place in the crypto market when it were launched at feb 20, 2025
View attachment 237577

Now it is in 27th Source

And what is your insight? Share what you think about it
Click to expand...
See any amount of millions of user doesn't matter , if it has unlimited supply , they can just issue more coin to developers or themselves and thats fundamentally wrong for something that is store of value. If they issue more coin , your coins automatically are less rare now and less valuable , as simple as that.


Lets say for example government prints more money without backing it by anything , now everyone has more money and the money has inflated , with less value....

KYC is another issue , crypto is supposed to be anonymous by nature , unless its ran by a centralized organization , it can be stopped and altered by those , you are giving power over your capital to someone else. If you buy physical gold , you own it and nobody can take it from you , but here pi coin can be denied by kyc or maybe in future something else , you don't actually own anything.
 
I heard about it when it launched but did not evoke much attention from me.

Looking at its current stats:

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Unless there is an important event or project that captures massive mindshare, most probably the price is going nowhere as the market cap is already in the billions. There will also be unlocks... so selling pressure.
 
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