According to the market data from Gate.io, the current price of PI coin is $1.72, with a 24-hour increase of 19.22%. The current market capitalization of PI coin is $12.3 billion, ranking 11th in the overall market. Since its launch on Gate.io in late February, PI coin reached a high of $3 on February 26, then began a continuous decline, with the current price down nearly 50% from the peak.
Pi Network was founded by Stanford graduates in 2019, using the energy-efficient Stellar Consensus Protocol (SCP), allowing users to mine on their smartphones, reducing the barrier to entry for cryptocurrency participation.
Its eco is made up of five core roles:
This multi-level user participation has driven the rapid growth of the Pi Network, surpassing 60 million users. In mid-February, the Pi Network officially launched its mainnet, a key milestone in the project’s development, although originally scheduled for 2022, it was delayed due to eco improvements and KYC progress. The open network will remove firewalls, allowing connections to external networks, wallets, and third-party platforms, and lifting API call restrictions.
Currently, over 2 billion PI coins have been migrated to the mainnet, demonstrating users’ confidence in the future. With its unique mobile mining model, energy-saving mechanism, and extensive community participation, Pi Network has become an innovator in the cryptocurrency field. As the open network advances, Pi is transitioning from a simple mining application to a complete blockchain eco, demonstrating the potential for democratization of digital assets. However, the cryptocurrency market is volatile, and regulatory changes may impact the development and token value of Pi Network, so investment should be approached with caution.
Gate.io is a well-known cryptocurrency trading platform that offers a variety of cryptocurrency trading services, including PI coin. Here are the detailed steps to buy PI coin on the Gate.io platform:
Pi Network as a emerging cryptocurrency, with its innovative mining method and massive user base, is gradually Making a name for oneself in the cryptocurrency market On platforms like Gate.io, users can easily buy and trade PI coin. However, investors should always be cautious and manage risks when participating in trading to ensure the security of their assets.