「Cryptocurrency」タグアーカイブ

Pi Network’s Open Network Migration: Exploring the Future of Next-Generation Cryptocurrency

On February 20, 2025, at 8:00 AM (UTC), the Pi Network officially transitioned to the long-awaited Open Network phase. This transition marks a significant milestone in the development of the Pi Network as a cryptocurrency project, enabling external connections and interaction with other blockchains and applications.

What is the Open Network?

The transition to the Open Network allows the Pi Network to break away from its traditional closed ecosystem, enabling its use on external platforms and in the real world. This is expected to lead to the integration of Pi tokens with other blockchains and listings on exchanges, anticipating widespread adoption.

Unique Features of the Pi Network

Mobile Mining: The Pi Network utilizes energy-efficient mobile mining, providing a mechanism for users to easily mine cryptocurrency with their smartphones.
Community-Driven Token Distribution: 80% of the token supply is held by the user community, avoiding reliance on large investors.
KYC/KYB Authentication: The KYC (Know Your Customer) and KYB (Know Your Business) authentication processes ensure trust and transparency within the ecosystem by maintaining regulatory compliance and high security standards.

Expectations and Challenges for the Open Network

While the Pi Network is gaining attention for its unique approach, it also faces several challenges. Concerns regarding scalability and transparency have been raised. Additionally, the token price has shown rapid fluctuations.

Scalability and Security

The Pi Network is currently working on enhancing scalability and security to support its massive user base. New updates are being provided for node operators, and performance optimization is underway.

Token Price and Market Trends

Immediately after the Open Network transition, the Pi token price temporarily surged, reaching $2.10 at one point. However, it subsequently plummeted by over 52%, falling to $1.01. This price fluctuation has also impacted the overall market.

Vision for the Future

The Pi Network aims to be an “inclusive and sustainable cryptocurrency” and is focused on building a community-driven ecosystem. This project has the potential to present a new economic model and bring innovation to the entire cryptocurrency industry.

Key Success Factors

Adoption by a broad user base
Ensuring reliability through KYC/KYB authentication
Development of practical applications

The Pi Network will continue to evolve, providing new values and opportunities to many people. Let’s keep an eye on its future developments.

Tesla and Pi Network: Exploring the Potential of Elon Musk’s Cryptocurrency Strategy

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A topic with the potential to shake the automotive and cryptocurrency industries at once is currently being debated in the cryptocurrency community. This is the concept of Tesla adopting the emerging cryptocurrency project “Pi Network” as a payment method. Furthermore, news has recently spread that Elon Musk has announced a smartphone called the “Pi Phone” under the Tesla brand. This article will examine the potential relationship between Tesla, the revolutionary electric vehicle company, and the rapidly growing Pi Network, and thoroughly explain its feasibility and impact, although some speculation is included at this point.

What is Pi Network? A New Environmentally Friendly Cryptocurrency

Pi Network is a cryptocurrency project launched in 2019 by graduates of Stanford University. Unlike traditional cryptocurrencies, it does not rely on energy-intensive “mining” like Bitcoin, and users are said to be able to mine “Pi coins” through a smartphone app. This makes it possible to generate cryptocurrency with minimal energy consumption, significantly reducing the environmental burden.

Technically, Pi Network adopts the Stellar Consensus Protocol, achieving high-speed transaction processing capability of less than 8 seconds. This is superior performance compared to existing major cryptocurrencies and, along with its environmentally friendly approach, is one of Pi Network’s attractions. It is also noteworthy that it operates with minimal carbon emissions due to its energy-efficient coin generation mechanism.

As of 2024, Pi Network is reported to have over 60 million “Pioneers” (the name for community members), but it is important to note that Pi coins are not yet traded on major exchanges, and the project is in the development phase. This eco-friendly characteristic aligns with Tesla’s corporate philosophy, which emphasizes sustainability, and has become a hot topic within the cryptocurrency community.

Tesla and Cryptocurrency History: Lessons from Bitcoin

Tesla’s relationship with cryptocurrency is not new. In 2021, Tesla temporarily accepted Bitcoin for vehicle purchases. However, when the negative environmental impact of Bitcoin mining became apparent, Elon Musk reversed this decision.

“Tesla’s mission is to accelerate the world’s transition to sustainable energy. We are concerned about rapidly increasing fossil fuel use for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” — Elon Musk (2021)

Subsequently, Musk has expressed his desire for a new cryptocurrency that is environmentally friendly and has fast transaction speeds. From the perspective of Tesla’s environmental considerations and pursuit of sustainability, interest in cryptocurrencies with low environmental impact is reasonable. Pi coin’s mobile-based mining system is one of the elements attracting attention as an environmentally friendly approach.

Tesla’s “Model Pi” Smartphone Concept

Information has spread that on March 14, 2025, Elon Musk announced the “Tesla Pi Phone.” This device is said to be equipped with groundbreaking features such as direct integration with the Starlink 3.0 satellite network and innovative connectivity that eliminates the need for traditional SIM cards.

Regarding the reason why the name “Pi” was chosen for Tesla’s smartphone, a connection with Pi Network is suggested. Pi Network’s explosive growth and mobile-friendly blockchain structure may have a high affinity with the mobile technology being developed by Mr. Musk.

This smartphone is said to potentially be equipped with innovative features such as:

Solar charging function: Charging function via built-in solar panel
Starlink integration: High-speed internet access possible even in remote areas
Cryptocurrency integration: Built-in cryptocurrency function, including Pi Network’s currency
xAI (Mr. Musk’s AI company) integration: Improved user experience through AI
Brainwave authentication technology: A new authentication method replacing fingerprint or facial recognition

If this information is accurate, Tesla’s entry into the smartphone business could have a significant impact on the smartphone market dominated by Apple and Samsung. In particular, integration with Pi Network has the potential to accelerate the mainstream adoption of cryptocurrency.

The Possibility and Impact of Tesla Adopting Pi Coin

While this is purely a hypothetical discussion at this point, what kind of impact can be expected if Tesla were to adopt Pi coin as a payment method? Let’s take a closer look at the possibilities and potential impacts.

Economic Impact

If Tesla incorporates Pi coin into its payments, the demand and recognition of Pi coin are expected to surge. With a large company like Tesla supporting an emerging cryptocurrency, the value of Pi coin could significantly increase. It could also affect Tesla’s stock price, potentially attracting investors familiar with cryptocurrency and technology enthusiasts to pay attention to Tesla’s innovative moves.

This would be a moment where the traditional financial system intersects with cutting-edge digital currency, with the potential to push the boundaries of both industries. Unlike Tesla’s previous adoption of Bitcoin, the adoption of a more environmentally friendly cryptocurrency could be a groundbreaking step that balances sustainability and innovation.

Industry Ripple Effect

If Tesla adopts Pi coin, it could prompt other automakers and technology companies to consider similar digital payment integrations. This has the potential to be a “game changer” that increases interest in cryptocurrency-based commerce.

Furthermore, with a large company like Tesla supporting the Pi Network, the credibility and recognition of this relatively new cryptocurrency could increase, paving the way for broader adoption. This would not just be a change in how cars are purchased, but would demonstrate new possibilities in e-commerce.

Broader Impact on Global Finance

The potential partnership between Tesla and Pi Network could impact not only the automotive and cryptocurrency industries but also global finance as a whole.

Challenge to Traditional Banking Systems

For decades, cryptocurrency has developed as an alternative to traditional banking systems. As large companies begin to adopt digital assets as a means of payment, there is a potential for change in the way commerce is conducted.

If Pi coin is recognized as a practical way to purchase high-value products, other large companies may consider introducing cryptocurrency payments. This would mean a shift towards more direct transaction methods that bypass traditional banking fees and complex financial protocols.

Regulatory Challenges

On the other hand, there are regulatory challenges to consider. Governments and financial regulators around the world are closely monitoring the cryptocurrency space. For a project in the development stage like Pi Network to be adopted by mainstream companies, it will need to clear strict scrutiny from regulatory authorities.

Pi Network may still face many challenges regarding its legal status and regulatory compliance in many countries. For a company like Tesla to adopt this project, it would be a prerequisite that these regulatory issues have been resolved.

Elon Musk: Engagement with Cryptocurrency

Elon Musk is known for his pioneering ventures in Tesla, SpaceX, and X (formerly Twitter), constantly pushing the boundaries in technology and innovation. His stance on cryptocurrency is also known to have a significant impact on the market.

Musk has publicly expressed his support for Dogecoin, praising it as the “people’s crypto.” He has revealed that Tesla and SpaceX accept Dogecoin for some merchandise.

“I bought some Dogecoin myself. Tesla accepts Dogecoin for some merchandise, and SpaceX will do the same.” — Elon Musk

Various speculations are circulating regarding the relationship between Elon Musk and Pi Network. Some sources suggest that Mr. Musk and Pi Network founder Nicolas Kokkalis are both affiliated with Stanford University and may share a common perspective on environmental considerations regarding cryptocurrency. However, there is currently no record of Musk officially mentioning Pi Network.

Musk is known for challenging centralized systems, and there is always a possibility that he will undertake new initiatives that support the transition to decentralized finance. Given his environmental considerations and innovative approach, it is not impossible that he is interested in energy-efficient cryptocurrencies.

Current Status and Outlook of Pi Network

It is important to note when discussing Pi Network that the project is still in the development phase. Currently, Pi Network is building an ecosystem for digital goods transactions in a closed test phase. Pi coin is not currently listed on major exchanges, and its actual market value has not been determined. The project aims to transition to a full operational phase called “mainnet,” but the exact timing of this transition is not clear.

Pi Network’s technical features include achieving high-speed payment times of less than 8 seconds, demonstrating superior performance compared to existing major cryptocurrencies. Furthermore, its efforts towards environmental sustainability include significantly lower power consumption compared to traditional mining, an efficient smartphone-based mining process, and blockchain technology that minimizes environmental impact.

While the Pi Network community has many enthusiastic supporters, opinions among cryptocurrency experts are divided regarding the project’s future prospects. Some experts evaluate its innovative approach, while others question the project’s transparency and technical feasibility.

For a large company like Tesla to adopt Pi coin, it would be a prerequisite for the project to successfully launch its mainnet, clear legal regulations, and establish a stable trading environment.

Conclusion: From Speculation to Reality?

The possibility of Tesla adopting the Pi Network cryptocurrency and the announcement of the Tesla “Pi Phone” are, at this point, based on some speculation and include information that has not been officially confirmed. However, these discussions provide an opportunity to consider the potential value of environmentally friendly cryptocurrencies and the possibilities brought about by adoption by large companies.

It is a potential future development that a visionary entrepreneur like Elon Musk shows interest in environmentally conscious cryptocurrencies. If initiatives like Tesla and Pi Network come to fruition, it would be a significant step in the mainstreaming of cryptocurrency.

The integration of cryptocurrency and traditional financial systems is gradually progressing, and the transition to more environmentally friendly and accessible payment methods may be a matter of time. As the convergence of technology and finance advances, it is important for us to always look at new possibilities and make informed decisions.

*Note: This article is created for informational and speculative purposes only. There is no official announcement regarding a partnership between Tesla and Pi Network, and information regarding the Tesla “Pi Phone” is not definitive. The content of this article is based in part on speculation. This content should not be taken as investment advice. Before making any investment decisions, you should always conduct your own research and consult with a qualified financial professional.

Pi Network: Coinbase Listing Ahead? Latest Price and Future Outlook

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Pi Network is attracting attention in the cryptocurrency market. Recently, the possibility of listing on Coinbase has become a hot topic, drawing interest from many investors. This article provides a detailed explanation of Pi Network’s latest trends, price predictions, and future outlook.

What is Pi Network? Latest Price and Market Ranking

As of March 20, 2025, the price of Pi Network (Pi Coin) is approximately $1.14, and its market capitalization is approximately $7.85 billion (based on information from Coingecko, etc.). The highest price in the past 24 hours (March 19-20) was approximately $1.35, and the lowest price was approximately $1.08, indicating a continued bearish market.

Currently, the overall cryptocurrency market is in a downward trend, with major currencies such as Bitcoin, Solana, and XRP also recording significant price drops since March 19. In this situation, Pi Network is ranked 21st in market capitalization, positioned between Avalanche and Shiba Inu.

Reasons for the Growing Anticipation of Coinbase Listing

Recently, there have been suggestions that the major exchange Coinbase may list Pi Network. In particular, Coinbase’s Chief Legal Officer, Paul Grewal, posted on his social media, “We are seriously celebrating Pi Day at Coinbase,” which became a topic of interest within the community, raising expectations for a listing.

“We are seriously celebrating Pi Day at Coinbase”
— Paul Grewal, Coinbase Chief Legal Officer

This post increased the anticipation for a Coinbase listing among investors and community members. While there has been no official announcement yet, optimistic views are spreading in the market.

Posted Post
https://x.com/iampaulgrewal/status/1900608349898764702

Expectations for Real-World Applications and Domain Auctions

Meanwhile, Pi Network aims to be used for payment of goods and services in the real world, and expectations for mass adoption are also growing.

Furthermore, an auction for “.pi domains” is scheduled to be held in the near future, and this initiative is expected to contribute to the revitalization of the entire ecosystem.

Do Your Own Research (DYOR) is Important for Investment Decisions

This article has introduced the latest information and market predictions, but investment decisions always require self-responsibility (DYOR: Do Your Own Research). Please conduct sufficient research yourself and make careful decisions after understanding the market risks.

Summary: Pi Network Remains One to Watch

Current Price: Approximately $1.14 (as of March 20)
Anticipation for Coinbase listing is growing
.pi domain auction and real-world application promotion underway
Self-responsibility is important for investment decisions

Pi Network is expected to attract even more attention in the future. Let’s continue to keep an eye on the latest information.

Pi Coin Investment for Beginners: 5 Key Points to Understand Risks and Opportunities

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Introduction: What is Pi Network?

“Pi Network” has recently attracted significant attention as a new generation of cryptocurrency that can be easily “mined” using only a smartphone. It has the revolutionary feature of allowing anyone to easily participate through a smartphone app, without requiring expensive mining equipment or vast amounts of electricity like traditional cryptocurrencies.

However, there are swirling voices of both support and criticism regarding Pi Network. While some supporters expect that “Pi Coin could potentially be worth over $100 in the future,” those with a critical view predict that “the price will plummet as soon as the mainnet is fully operational.” Evaluations range widely, from the optimistic view that it will “become the next Bitcoin” to the harsh assessment that it is “nothing more than a worthless currency.”

This article objectively analyzes the future potential of Pi Network from various angles and explores whether Pi Coin is currently worth considering as an investment. We will examine both critical and positive opinions and provide information that Japanese investors can use as a reference when making decisions about Pi Network.

Why Some People Are Skeptical About the Value of Pi Coin

1. The Problem of an Excessively Large Supply Cap of 100 Billion Coins

The most common criticism against Pi Coin is its enormous supply cap. The total supply of Pi Coin is set at 100 billion coins, which is approximately 4761 times the supply cap of Bitcoin, which is 21 million coins.

Critics argue that “if the supply is too large, demand will not keep up, and there will be limited room for the price to rise.” It is true that, based on basic economic principles, prices tend to fall when supply is excessive.

However, the following counterarguments can be considered regarding this issue:

Actual circulating supply is much lower than the supply cap: Currently, most Pi Coins are still locked in the hands of miners, and the actual amount traded on the market is much lower. The actual circulating supply will vary greatly depending on the Pi team’s release policy and the KYC (Know Your Customer) pass rate.
Circulating supply and market demand are important: Ripple (XRP) also has a supply cap of 100 billion, yet it maintains a value of around $2 per coin. This indicates that not only the supply amount but also market demand and actual circulating supply are important factors in price formation.
Possibility of token burning mechanism: In the future, mechanisms such as using a portion of transaction fees for token burning (reducing the supply) may be introduced. This could potentially lead to a gradual decrease in the market supply over time.

2. Concern about Increased Selling Pressure Due to Free Mining

Pi Coin has the characteristic of being able to be “mined” for free using a smartphone app. While this has the advantage of lowering the barrier to entry, there is a concern that significant selling pressure will occur once trading begins, based on the human psychology that “things obtained for free are easily let go.”

In fact, in the early stages when Pi Coin was listed on exchanges, many users who had been mining for free for years sold with the idea that “since it’s a coin obtained for free, it’s fine if I can cash out even a little.” Indeed, when Pi Coin was first listed on exchanges, it started at around $3.4 but then rapidly fell to around $0.6. This is believed to be primarily due to many early miners selling to take profits. Technical analysis shows that the RSI (Relative Strength Index) is at 45.2, indicating the market is in a neutral to slightly bearish state.

However, from a long-term perspective:

Decreasing mining rate: In the design of the Pi Network, the mining speed of individual miners gradually decreases over time. This means that the amount of new Pi Coins supplied to the market will decrease over time.
Alleviation of initial selling pressure: Once people who mined a large amount of Pi Coin in the early stages finish selling, the new supply to the market will stabilize, and selling pressure may gradually decrease.

3. Warnings from Government Agencies

In recent years, authorities in countries like Vietnam have officially issued warnings about the risks associated with Pi Network. Authorities emphasize the potential for Pi Network to be exploited for fraudulent activities, the risk of scams involving fake tokens aimed at stealing user data or money laundering. They also point out that “Pi has no practical use, and its value is self-assigned,” warning that many people may be misunderstanding its true value.

Furthermore, there has been an increase in fake websites and applications mimicking Pi Network, which pose a risk of stealing users’ wallet information or gaining unauthorized access to devices. Investors need to be fully aware of these security risks as well.

Exploring the Potential Value of Pi Network

1. Significance of the Mainnet Migration

Pi Network officially launched its open mainnet on February 20, 2025. This is a significant milestone following the successful migration of over 10.14 million accounts to the mainnet and the completion of the KYC (Know Your Customer) process by over 19 million users. It signifies the evolution from a closed test network to a full-fledged blockchain capable of actual transactions and transfers.

The migration to the mainnet indicates that Pi Coin has transitioned from being merely a “test phase currency” to a cryptocurrency with potential real value. This is an important indicator that the project has moved beyond the theoretical stage into the practical stage, and it is a point that investors should pay attention to.

Furthermore, Pi Network conducted the largest airdrop in cryptocurrency history, surpassing Uniswap in scale. However, since its launch, its price movement has been unstable, with the ADX (Average Directional Index) falling from 60.2 to 15, indicating a decrease in market momentum.

2. Learning from Past Success Stories

Looking back at the history of cryptocurrencies, there are several projects that were not valued in their early stages but later achieved great success:

“Investing is about investing in something that no one believes in at first, and selling when everyone comes to believe in it.”

Bitcoin: When it was born in 2009, it was considered to have almost no value, and there is a famous anecdote where 10,000 Bitcoins were exchanged for two pizzas. Currently, Bitcoin is worth over $100,000.
Binance Coin (BNB): At the time of its ICO (Initial Coin Offering) in 2017, it was around $0.1, but its value increased with the growth of the Binance exchange, exceeding $700 at its peak, achieving growth of over 7000 times.

Of course, not all projects achieve such success, but it shows that just because the value is low in the early stages does not mean there is no possibility of long-term success. No one can predict whether Pi Network will be the next major success story, but from the perspective of an investment opportunity in the early stages, it can be considered an interesting case.

3. Growing Ecosystem and Utility

One of the most important value propositions of Pi Network is that it is building a growing ecosystem, not just a token. Particularly noteworthy is the gradually expanding use for payments in various parts of the world:

South Korea: The Pi community is particularly active in South Korea, and several stores have begun experimentally accepting payments in Pi Coin. However, these adoption cases are not yet mainstream, and the actual penetration is limited.
Taiwan: In Taiwan, Pi Coin is starting to be used in small stores and peer-to-peer transactions.
Vietnam: In Vietnam, restaurants and snack shops support Pi payments, and there are reports that it is even used for purchasing motorcycles and gold in some cases.
Philippines: In the Philippines, some hotels, resorts, and clothing stores accept Pi payments.

While these are not yet mainstream, it is noteworthy that Pi Coin is gradually increasing its real-world use cases. Since the value of cryptocurrency is ultimately determined by its utility, the more it is adopted as an actual means of payment, the more its fundamental value is likely to increase.

Furthermore, the Pi team is promoting the development of “Pi Apps,” and there is a possibility of building an ecosystem of decentralized applications (DApps) in the future, similar to the BNB Chain or Ethereum. The development of such an ecosystem could significantly increase the demand and value of Pi Coin.

Why Now Is the Time to Pay Attention to Pi Coin

1. Early Stage Price Formation Period

Pi Coin is in the early stage immediately after the mainnet migration, and market recognition is in the process of being established. Generally, cryptocurrency projects often have low prices in the early stages, and their value may increase as the ecosystem and adoption rate expand.

The current price of Pi Coin may not fully reflect its potential long-term value. As the market gradually recognizes the utility and adoption rate of Pi Coin, the price may rise.

Specific price predictions by experts include analyses suggesting that Pi Coin could reach a maximum price of $100 in 2025 (average $65, minimum $30), a maximum price of $200 in 2026 (average $135, minimum $70), and a maximum price of $350 in 2030 (average $225, minimum $100). However, these predictions can fluctuate significantly depending on market conditions and adoption rates.

2. Ecosystem Building in Progress

Pi Network is currently in the process of building a comprehensive ecosystem. After the network opens, Pi Network’s core goals are to enhance ecosystem vitality, promote application implementation, and improve technical, product, business, and legal frameworks.

If real-world applications of Pi Coin increase, demand will increase, and the price may also rise. Building an ecosystem is a time-consuming process, but if successful, it has the potential to create significant value.

3. Investment Opportunity from a Long-Term Perspective

Many successful cryptocurrencies took several years to achieve widespread adoption. Bitcoin and Ethereum also had a long journey to reach their current value.

Pi Network is still under development, and considering it before the market fully recognizes Pi’s value may be meaningful for investors with a long-term perspective. There is a possibility to leverage the advantage of being an “early entrant.”

Investment Risks and Points to Consider

Of course, investing in Pi Coin also involves the following risks:

Uncertainty of circulation policy: How the Pi team manages the circulating supply in the future, whether they release a large amount of coins at once or manage it cautiously, can significantly impact the price.
Uncertainty of adoption rate: It is unclear how many people or businesses will actually start using Pi Coin. If the adoption rate is low, the value may be limited.
Increased competition: The cryptocurrency market is highly competitive, with new projects emerging one after another. It is important whether Pi Network can successfully differentiate itself from other competing projects and demonstrate its unique value.
Regulatory risk: Regulations on virtual currencies in various countries around the world are constantly changing, and future regulatory changes could affect Pi Network. This point requires particular attention, especially given the strict regulations by the Financial Services Agency in Japan.
Risk of fraud and misuse: There has been an increase in fake websites and apps mimicking Pi Network, which pose a risk of stealing users’ wallet information or distributing malware.
Legal concerns: Legal concerns regarding Pi Network’s pyramid-like structure and uncertain legitimacy have also been pointed out among experts.

Conclusion: Is Pi Coin Worth Considering as an Investment?

Pi Network takes a different approach from traditional cryptocurrencies and aims to build a decentralized currency that is accessible to everyone. There are grounds for both critical and positive views, but ultimately, it depends on individual investment judgment.

For investors with a long-term perspective who can accept the high volatility of the cryptocurrency market, Pi Coin may be worth considering. In particular, an approach of starting with a small investment and making decisions while observing the project’s development might be wise.

When considering as a Japanese investor, we recommend considering the following points:

Invest with surplus funds and limit the amount to what you can afford to lose
Maintain a long-term perspective and do not get overly excited or discouraged by short-term price fluctuations
Regularly check the development status and adoption rate of Pi Network
Include it only as a part of your portfolio as part of diversification
Be cautious of scam sites and apps and only trust official information

Ultimately, whether Pi Network truly becomes a valuable ecosystem will depend on future development and adoption status. At this point, we recommend watching its development with interest but also with realistic expectations.

Always keep in mind that cryptocurrency investment is high-risk and make decisions carefully based on the principle of self-responsibility.

Potential Collaboration Between Pi Network and Major E-commerce Sites Shows the Direction of the Payment Revolution

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New Developments in Global E-commerce and Cryptocurrency Integration

As decentralized finance (DeFi) technology develops and major platform companies actively move towards cryptocurrency integration, the possibility of collaboration with major e-commerce sites, discussed within the Pi Network community, is a significant topic that suggests the future of next-generation payment infrastructure utilizing blockchain technology. Pi Network’s proposed blockchain-based payment solution is attracting attention as a way to solve the region-dependent challenges faced by current international e-commerce payment systems.

Geographic Constraints and Technical Challenges of the Current System

The current situation where region-specific payment methods like PayPal (USA), PayPay (Japan), and UPI (India) proliferate significantly hinders the efficiency of international trade. According to Pi Network’s technical documentation, an automated payment protocol utilizing smart contracts can achieve cost reductions of over 30% compared to conventional methods and process international transfers in under 15 seconds. The network structure based on the developing Federated Byzantine Agreement, in particular, aims for a processing capacity of 10,000 transactions per second, ensuring the scalability required for integration with large-scale e-commerce platforms.

Payment Innovation with Blockchain Technology

Stellar Consensus Protocol (SCP), the core technology of Pi Network, achieves energy-efficient consensus through a trust-based quorum slice structure. A key feature of this algorithm is that a group of nodes builds mutual trust relationships while executing a decentralized verification process, allowing for over 99% reduction in power consumption compared to traditional Proof of Work methods.

Concrete Vision for Utility Enhancement Strategy

The design philosophy emphasizing practical value, highlighted by the development team, will be realized through collaboration with top-share global e-commerce platforms. If interoperability with QR code payments and electronic money is achieved, pilot experiments are planned to begin in major metropolitan areas within fiscal year 2025. Specifically, integration of payment infrastructure through API linkage with existing FinTech services is envisioned, and applications in international transactions without exchange rate risk and smart device-linked micropayments are anticipated.

Importance of Market-Specific Response Strategies

In the Japanese market, adaptation to local payment practices is essential. Technical reports from the Japanese subsidiaries of major e-commerce sites prioritize ensuring compatibility with existing QR code payment infrastructure, and collaboration experiments with convenience stores and transportation electronic money are scheduled to begin around the second quarter of 2025.

Potential for Restructuring International Payment Systems

If collaboration with major e-commerce sites materializes (currently at the community discussion stage), a chain reaction is expected to ripple throughout the e-commerce industry. According to analysis by the Bank for International Settlements (BIS), the integration of cryptocurrencies by major e-commerce platforms is estimated to increase global e-commerce volume by 25% by 2026, with a particularly notable expansion of market share in emerging economies.

Challenges and Countermeasures for Technology Integration

The biggest barrier to large-scale implementation is compliance with regional financial regulations. Pi Network’s multi-chain strategy involves setting up gateway nodes tailored to each country’s regulatory requirements, maintaining compatibility with region-specific payment practices (e.g., UPI in India, SEPA in Europe) while preserving the global network. In the Indian market, direct exchange between local currency (INR) and digital currency is often required, and the white paper indicates the potential to reduce exchange fees by 80% in international transactions of, for example, $50-100.

Security Enhancement Initiatives

Due to the nature of the Federated Byzantine Agreement, node reliability management is crucial for system health. Starting in 2024, Pi Network is introducing a three-stage node verification process, establishing a mutual monitoring system by geographically dispersed validators. This achieves the elimination of single points of failure and improves the overall network’s resilience.

Future Outlook and Industry Impact

If collaboration between Pi Network and major e-commerce sites progresses, fundamental changes in the e-commerce business could occur, such as increased efficiency in supply chain finance and secure management of consumer behavior data. Particularly noteworthy is the potential migration of loyalty programs to the blockchain, which could lead to the development of new customer retention methods linked to a token economy.

Simulations by the Bank for International Settlements (BIS) predict that if major e-commerce platforms adopt blockchain payments, cross-border transaction costs will be reduced by 60% compared to conventional methods by 2030, and the barrier to entry into international markets for small and medium-sized enterprises will particularly decrease.

Pi Network’s Innovative Ecosystem Announced March 14th: Bringing a New Era to Cryptocurrency

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In this article, we will delve into the latest updates of Pi Network, their significance, and the positioning of Pi Coin within the cryptocurrency ecosystem.

What is Pi Network?

Pi Network is known as one of the few cryptocurrency projects that can be mined on a smartphone. Unlike traditional cryptocurrencies, it does not require special equipment and can be mined daily using a smartphone, earning it widespread recognition as “cryptocurrency for the general user.”

However, Pi Network is not just a virtual currency; its true value lies in its ecosystem and utility. This was the point emphasized in the announcement on March 14, 2025.

Important Announcement on March 14: Pi Network Reveals New Strategy

Pi Network made a significant announcement on March 14, 2025 (UTC, early morning March 15 in Japan time), on the symbolic day known as Pi Day, attracting considerable attention in the cryptocurrency industry. This announcement was published on the official X account around 10:51 AM JST on March 15, causing a stir in the community.

Introduction of Pi Domains

One of the most notable announcements was the introduction of “Pi Domains.” This is a new domain system specifically for the Web3 environment, providing the “.pi” domain extension that operates within the Pi Network ecosystem. Similar to “.com” or “.org” on the internet, it can be used directly in the Pi Browser and compatible third-party wallets, and can be acquired using Pi cryptocurrency through an auction format via domains.pinet.com. This provides a foundation for developing businesses and projects in the Web3 world.

While I would like to change my blog’s domain if possible, there is a dilemma as I would lose the accumulated SEO power.

“Just as you need a domain to have a website in the internet world, you will need a .pi domain to establish a presence in the Web3 world.”

Open Network PiFest

Open Network PiFest, which started on March 15, is an initiative connecting local merchants who accept Pi payments with Pioneers, and it will be held until March 21. This event is positioned as the first global opportunity to leverage the external connectivity of the Open Network and promote the real-world use of Pi.

Mainnet Migration Final Deadline

March 14, 8:00 UTC (March 14, 17:00 JST) was the final deadline for Pi Network’s Mainnet migration. Users who did not complete KYC verification and Mainnet migration by this deadline were confirmed to lose most of their Pi balance, excluding the mining rewards from the most recent six months. Pi Network had previously offered multiple extensions, but this was the final deadline.

Pi Network’s Ecosystem and Utility

While many cryptocurrency projects focus solely on price increases, Pi Network emphasizes building utility and an ecosystem. This strategy is expected to be a significant differentiator in the long term.

Platform-Level Utility

Platform-level utility is conceived and built by the Pi Network core team and differs from individual app-level utility. It leverages Pi’s collective resources and supports the foundation of Pi as a currency available to all Pioneers. For example, the .pi domain auction directly utilizes the attention and trust of the Pi community, generating real-world value through transactions in Pi cryptocurrency.

Importance of Utility

The true value of cryptocurrency is not just in trading for profit, but in having actual use cases. Pi Network is focused on building a practical ecosystem by creating an environment where users can purchase goods and services using Pi Coin.

Pi Network’s Applications and Scalability

Pi Network is not just a cryptocurrency but also functions as a platform for decentralized applications (dApps). Users can access these applications or use services by using Pi Coin. Through this strategy, Pi Network aims to establish a unique position.

Changes in Mining Rate and Their Impact

Based on past official announcements, Pi Network’s mining rate has gradually decreased and is currently adjusted to a very low level (the specific figure is not officially updated as of March 2025, estimated to be around 0.0029 Pi/hr). This is a strategy to limit the supply of Pi Coin and maintain its value.

Demand and Supply Dynamics

If supply is limited and demand is maintained or increases, an increase in value is expected based on economic principles. Also, some reports suggest that the circulating supply is decreasing, indicating that users may be holding onto their Pi Coin more strongly.

Current Market Status of Pi Network

Pi Coin has attracted attention in the market after the launch of the Open Network. For example, as of March 15, the estimated price was reported to be around $1.67 on some exchanges, with analysis suggesting a 13.89% increase in the past 24 hours. The market capitalization is approaching approximately 12 billion dollars, and some market voices claim a 143.58% increase in trading volume (however, official data is unconfirmed). Binance has not made any official announcement regarding the listing of Pi Network at this time, and the listing confirmation expected by some in the community on Pi Day did not materialize.

Comparison of Pi Network with Other Cryptocurrencies

Comparison with Bitcoin

Bitcoin is often used as “digital gold” for investment and value storage, but its utility is limited. On the other hand, Pi Network focuses on building an ecosystem that promotes daily use.

Comparison with Ethereum

Ethereum is excellent as a platform for smart contracts and dApps, but high gas fees are a challenge. Pi Network prioritizes accessibility and ease of use, designed for general users.

Future Outlook for Pi Network

Positioning in Web3

Through the “.pi” domain, Pi Network aims to establish itself as a foundational infrastructure provider in the Web3 world. There is a possibility that future Web3 projects will be built on Pi Network, and the expansion of the ecosystem is expected.

Community Growth

As of March 2025, according to official announcements, Pi Network has grown into a community with over 60 million Pioneers, over 19 million KYC-verified users, and over 12 million Mainnet migrated users. This large community supports the value of Pi.

Relationship with Exchanges

Pi Coin is already listed on some exchanges, but if it is listed on more major exchanges in the future, its recognition and value may further increase. However, the true value of Pi Network lies in the utility of its ecosystem, not just the trading price.

Summary: Pi Network Shows New Possibilities for Cryptocurrency

Pi Network’s announcement on March 14 demonstrated new possibilities in the world of cryptocurrency. As a cryptocurrency with a practical ecosystem, not just a speculative asset, Pi Network is promoting adoption and increased usage. To summarize the key points:

Pi Network introduces the “.pi” domain, providing foundational infrastructure for Web3
Decreasing mining rate potentially increases the scarcity of Pi Coin
March 14 was the final deadline for Mainnet migration, PiFest starts from March 15
Focus on utility and ecosystem building
Large community of over 60 million Pioneers
Unique approach promoting general user adoption

The world of cryptocurrency is constantly changing, but Pi Network is building a unique position by focusing on utility and accessibility. Future developments are worth watching.

Pi Network: Approximately $480 Million Worth of Token Unlock Scheduled for March 17th

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Pi Network is attracting attention as a cryptocurrency mining platform using smartphones, but it is currently facing a significant turning point. We will provide a detailed explanation of the latest information regarding the large-scale token unlock scheduled for March 17th and its potential impact on the Pi Coin (PI) price.

Details of the Large-Scale Token Unlock

The Pi Network core team has announced that holders’ locked Pi assets will become transferable starting March 17th. This is significant news for many Pioneers (Pi Network users).

Currently, the daily unlock amount of Pi Coin is approximately 8.94 million coins (worth approximately $1.789 billion), but this figure is expected to surge to 23.13 million coins (worth approximately $4.627 billion) on March 17th. Furthermore, it is noteworthy that approximately 268.48 million Pi Coins (worth approximately $480 million) are expected to be unlocked over the next 30 days.

Blockchain tracker Piscan.io recently introduced a new feature that allows tracking of Pi unlocks over the next 30 days. This tracker provides insight into claimable balances, whether locked by users or distributed by the Pi Core Team. However, it does not track unreleased Pi Network that has not yet become a claimable balance.

Potential Impact on Price

The price of Pi Coin has fallen by over 8% amidst a broader decline in the crypto market, with Bitcoin and major altcoins also recording significant drops. The increase in new supply to the market accompanying this large-scale token unlock could put further downward pressure on the price.

Market experts point out the risk of “oversupply” as such a large volume of newly unlocked tokens flows into the market, potentially leading to further price declines. However, according to the Pi Network core team, the unlocked tokens are intended to be held until 2030, which they state is a measure to protect the rights of long-term investors and ensure transparency.

“The unlocked Pi Coins are intended to be held until 2030, which is a measure to protect the rights of long-term investors and ensure market transparency. It also serves to prevent excessive circulation in the market and prevent a rapid decline in the coin’s value.”

Features and Background of Pi Network

Pi Network is known as a mobile-first cryptocurrency app that allows anyone to participate in mining without requiring expensive hardware. By relying on the Stellar Consensus Protocol, it enables mining on smartphones, laptops, and PCs, and rewards users with Pi Network coins.

Currently, the mining rate has halved five times in line with the network’s growth milestones. It started at 3.14 PI/hour and has decreased as more users join.

Pi Network officially launched its long-awaited open mainnet on February 20, 2025, after six years. On the same day, it was listed on major centralized exchanges such as OKX and Bitget. Bitget launched a Pi Network airdrop campaign, offering a prize pool of Pi Coins worth a total of $60,000.

Pi Coin Price Trends

After the mainnet launch on February 20th, Pi Coin saw a correction after rising by approximately 100% to a peak of $2.99. This surge attracted the interest of many investors and brought the project into the major leagues.

However, this enthusiasm did not last long. The asset underwent a sharp correction, falling by 25% in just 24 hours back to $1.99. This volatility, while typical in the crypto market, is partly explained by the caution of exchange platforms.

A survey conducted on Binance Square showed that 86% of participants supported the listing of Pi on Binance, but the platform made it clear that this vote does not guarantee immediate adoption. “We evaluate projects based on our internal standards before making a decision,” Binance stated.

Future Outlook and Predictions

Price predictions for Pi Network in 2025 anticipate a maximum price of $100, an average price of $65, and a minimum price of $30. By 2030, it could reach a maximum price of $350, an average price of $225, and a minimum price of $100. Another prediction anticipates it reaching a maximum of $3.7856, a minimum of $1.9232, and an average of $3.0122 by 2030.

These predictions are based on several assumptions. The Pi cryptocurrency remains largely excluded from major exchange platforms, limiting its liquidity and adoption. Furthermore, regulations concerning emerging cryptocurrencies could hinder its rise.

Pi Day (March 14th) is raising expectations for significant announcements, particularly regarding exchange listings. Speculation about a Binance listing is high, fueled by cryptic posts and strong support for Pi shown in past surveys. The network’s growing popularity, including 4 million followers on X, also adds to the anticipation.

What Pioneers Need to Know

For Pi Network Pioneers, the token unlock starting on March 17th is a significant milestone. Those holding locked Pi assets will be able to transfer these assets from that day. However, they are intended to be held until 2030 in accordance with regulations.

Also, the phone number update process has been successfully completed, and users can change or correct their phone numbers from their profile. To update your phone number, click the three lines in the top left corner from the home screen, select “Profile”. There, find the phone number verification section and click the small blue “Change” text.

Furthermore, it has been announced that the KYC (Know Your Customer) application deadline has been extended to March 14, 2025. In case of issues, the team plans to provide clear guidance on how to resolve them.

Conclusion: Market Reaction and Future Prospects

Pi Network is facing a significant turning point ahead of the large-scale token unlock on March 17th. With approximately $480 million worth of Pi Coin being unlocked, new supply will flow into the market, potentially putting downward pressure on the price. However, there are also positive factors such as announcements on Pi Day (March 14th) and the possibility of exchange listings, and the market reaction could be influenced by these factors.

CoinMarketCap’s community sentiment shows that 91% of users are bullish on Pi. For Pi Network Pioneers, this unlock is part of a long-term investment strategy, with tokens intended to be held until 2030. The market is watching future developments closely, particularly anticipating announcements on Pi Day and movements regarding exchange listings.

Pi Network experts believe these improvements will form a strong foundation for the network’s future growth. Pioneers are encouraged to continuously track developments to not miss new opportunities.

Pi Network Complete Guide: Layer 1 Blockchain Mechanism and Future Potential

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近年、仮想通貨市場では革新的なプロジェクトが次々と登場していますが、その中でも特に注目を集めているのがPi Network（パイネットワーク）です。スマートフォンだけで簡単にマイニングができるという画期的なアプローチで、世界中の多くのユーザーを魅了しています。本記事では、Pi Networkの基本概念から最新の開発状況、そして将来の可能性まで詳しく解説します。

What is Pi Network? Basic Concepts and Features

In recent years, innovative projects have been emerging one after another in the cryptocurrency market, and among them, Pi Network is attracting particular attention. With its groundbreaking approach that allows easy mining using only a smartphone, it has captivated many users worldwide. This article will explain in detail everything from the basic concepts of Pi Network to its latest development status and future potential.

What is Pi Network? Basic Concepts and Features

Pi Network is a Layer 1 blockchain project founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, both PhDs from Stanford University. Unlike traditional cryptocurrencies such as Bitcoin, its biggest feature is that anyone can easily mine the digital currency “Pi” through a smartphone app, without requiring expensive mining equipment.

The mining method is also very simple: just open the app daily and tap a button. This ease of use is a major factor attracting many users. Some users even claim to hold over 5,000 Pi tokens.

An important point is that while Pi Network was initially designed referencing the Stellar Consensus Protocol (SCP), it has now completely migrated to its own blockchain. This allows it to function as a complete Layer 1 blockchain with an independent network, consensus mechanism, and native token. It is establishing a position similar to other major Layer 1 blockchains such as BNB (Binance), Ethereum, Solana, and Tron.

Technical Features of Pi Network

Layer 1 blockchain similar to Ethereum, Binance, Solana, Tron, etc.
Adopts the Byzantine Fault Tolerance (BFT) consensus mechanism
Supports the development of smart contracts and decentralized applications (dApps)
Mobile-centric blockchain technology
Energy-efficient mining system
Ensures security through a large-scale KYC (Know Your Customer) solution

Token Supply Model

Pi Network adopts a negative exponential declining supply model. This means that as more users join the network, the mining rate decreases over time. This approach allows for proper management of the token supply while rewarding early participants.

As a Layer 1 blockchain, Pi Network has the flexibility to design and manage its own economic model and tokenomics, and aims for community-driven governance in the future. This means that unlike projects that rely on other networks like Ethereum, it can independently set network fees, mining incentives, and reward structures without external constraints.

Pi Network as a Layer 1 Blockchain

A Layer 1 blockchain refers to a foundational layer that has its own infrastructure and operates independently of external blockchains. As an independent Layer 1 blockchain, Pi Network provides the following functionalities:

Native Smart Contracts: Developers can build smart contracts that run directly on the Pi Network blockchain
Decentralized Applications (dApps): Various applications such as DeFi platforms, marketplaces, games, and NFT projects can be developed
Secure and Efficient Peer-to-Peer Transactions: Direct transactions between users are possible without intermediaries, and global remittances can be achieved with minimal fees
On-Chain Governance and Decentralization: In the future, it will be possible to implement on-chain governance where Pi Pioneers (users) can vote on proposals

Notably, Pi Network currently operates with a large number of nodes and aims for an open structure where companies and individuals can add nodes in the future.

Deep Dive into Layer 1 Networks and Comparison with Other Currencies

To understand Pi Network’s goal of becoming a Layer 1 blockchain, a comparison with other major Layer 1 networks is useful. Here, we compare Pi Network with representative Layer 1 blockchains such as Bitcoin, Ethereum, and Solana, clarifying their respective characteristics and advantages.

Comparison with Bitcoin: Security and Accessibility

Bitcoin is a pioneer of Layer 1 blockchains, characterized by high security and decentralization through Proof of Work (PoW). However, its scalability is limited, processing only about 4-7 transactions per second (TPS). Furthermore, mining requires expensive specialized equipment and large amounts of electricity, creating a high barrier to entry for general users. On the other hand, Pi Network enables mining on mobile devices and prioritizes energy efficiency, giving it an advantage in terms of accessibility for anyone to easily participate. In terms of security, Pi Network adopts Byzantine Fault Tolerance (BFT), which, while not as robust as Bitcoin, ensures the resilience of the decentralized network.

Comparison with Ethereum: Smart Contracts and User Base

Ethereum is known as the first Layer 1 blockchain to introduce smart contracts and is widely adopted as a development platform for decentralized applications (dApps). Although it transitioned to Proof of Stake (PoS) after “The Merge” in 2022, improving energy efficiency, the high gas fees (transaction fees) remain a challenge. The current TPS is said to be around 15-30, but fees surge when demand increases, becoming a burden for general users. In contrast, Pi Network supports smart contracts while aiming for low-cost transaction processing, differentiating itself particularly in accessibility targeting emerging markets and mobile users. However, it will take time to catch up to the massive developer community and ecosystem built by Ethereum.

Comparison with Solana: Scalability and Practicality

Solana is a Layer 1 blockchain known for its high processing speed, achieving a theoretical maximum of 65,000 TPS through its unique consensus combining Proof of History (PoH) and PoS. This scalability is highly regarded in DeFi and NFT projects, overwhelming others in practicality. However, Solana has experienced multiple network outages in the past, raising concerns about its stability. While Pi Network does not currently achieve the same high speed as Solana, it prioritizes a mobile-centric approach and stable operation, emphasizing user experience simplicity. Also, while Solana pursues high performance, Pi Network’s design is characterized by rewarding early participants through its token supply model while looking towards long-term growth.

Advantages of Pi Network as a Layer 1

The main advantages Pi Network has compared to other Layer 1 networks are as follows:

Improved Accessibility: Mining is possible with just a smartphone, requiring no specialized knowledge or expensive equipment, making it appealing to emerging markets and less tech-savvy demographics.
Energy Efficiency: Unlike Bitcoin and older Ethereum which use PoW, it can operate with low energy consumption, reducing environmental impact.
Community-Driven Growth: The negative exponential declining supply model incentivizes early participants while promoting network expansion. This has built a strong community base, with over 18 million KYC-verified users (as of January 2025) and growing.
Flexible Ecosystem: By supporting the development of smart contracts and dApps, it offers versatility similar to Ethereum and Solana while leveraging its unique mobile-friendly design.

On the other hand, Pi Network is still under development and faces challenges in reaching the ultra-high processing speed of Solana or the mature ecosystem of Ethereum. However, with its ease of use and inclusivity as strengths, its potential to attract general users is very high.

Pi Network Ecosystem and Features

Pi Network aims to build a comprehensive ecosystem, not just a cryptocurrency. On this platform, various functionalities and applications can be developed, such as:

Development of Decentralized Applications (dApps)
Decentralized Finance (DeFi) platforms
Marketplaces
Gaming platforms
NFT projects
Social networks for cryptocurrency users

Leveraging the characteristics of a Layer 1 blockchain, Pi Network is designed with a unique custom design to efficiently scale and handle large volumes of transactions as adoption grows. In the future, businesses such as e-commerce, fintech, and social media platforms may integrate Pi Network for payments and smart contracts.

Latest Development Status: Transition to Open Network

On February 20, 2025, after a long preparation period, Pi Network finally launched its Open Network mainnet. This signifies the transition from the “Enclosed Network” phase (a stage where external interactions were restricted) which had been ongoing since December 2021.

In the Open Network phase, the Pi Network blockchain will be able to connect with external networks, allowing users (called “Pioneers”) to conduct transactions outside the Pi ecosystem. This is expected to significantly expand real-world use cases.

Once the firewall is lifted, anyone will be able to operate a node on the mainnet blockchain. However, the Pi Network core team’s policy is to prioritize experienced users for the node migration process from testnet to mainnet. This process will be managed through the desktop node UI, prioritizing users with high reliability scores and consistent contributions. Node rankings are also planned to be publicly displayed.

As of January 2025, Pi Network has recorded over 18 million KYC-verified users, and this number is still increasing. Furthermore, the price of the Pi token has shown fluctuations after the Open Network transition, attracting attention.

Interoperability and Future Integrations

One of the important aspects of Pi Network as a Layer 1 blockchain is its ability to achieve interoperability with other blockchains in the future. The possibility of connecting with other blockchains such as Ethereum and Binance Smart Chain through bridges is being considered for the future.

This interoperability could enable:

Cross-chain transactions
Token swaps
Increased liquidity in the cryptocurrency market

This functionality is sometimes referred to as “Pi Bridge” or “Bridge Day” and represents partnerships outside the Pi Network ecosystem. This includes collaborations with other Layer 1 and Layer 2 blockchains.

Pi Network’s Potential and Concerns

Pi Network aims to become a practical currency used for real-world transactions and payments, but at the same time, there are skeptical views regarding its utility and value.

Expected Potential

Interoperability with other blockchains (Ethereum, Binance Smart Chain, etc.)
Realization of cross-chain transactions and token swaps
Independent management of economic model, monetary policy, and inflation rate
Utilization as a real-world currency rather than a speculative asset
Integration into e-commerce, fintech, and social media platforms

Concerns and Criticisms

Concerns regarding centralization
Lack of transparent tokenomics (token economy)
Uncertainty regarding true utility
Uncertainty regarding valuation relative to current market capitalization
Challenges regarding listing on major exchanges

Future Outlook for Pi Network

As a mobile-centric blockchain, Pi Network is suited to the modern financial system, which is increasingly digitized and mobile. The future of Pi Network largely depends on the growth of its ecosystem and real-world adoption.

Pi Network’s mobile-centric approach aligns with modern user behavior patterns. Today, it is commonplace for people to use smartphones to order food or purchase goods. Similarly, Pi Network has the potential to become a part of society and a tool that meets people’s daily needs.

Furthermore, Nicolas Kokkalis (Head of Technology and Co-founder of Pi Network) emphasizes the platform’s accessibility. According to him, Pi allows users to mine cryptocurrency for free on their mobile phones, bringing cryptocurrency to millions of people worldwide.

With large-scale partnerships and real-world adoption, Pi Network has the potential to become a significant player in the blockchain space. In the future, it may contribute to the evolution of the banking system, helping to build a more accessible financial system where people don’t have to queue at banks or wait in bad weather.

Conclusion: Is Pi Network Innovation or Overhyped?

Pi Network, as an independent Layer 1 blockchain, provides the foundation for a digital economy. This infrastructure enables decentralized applications, decentralized finance, secure transactions, governance, and global payments, while also allowing independent management of network growth and token supply.

With its innovative approach of mining cryptocurrency through mobile devices, it stands apart from traditional cryptocurrencies. Its technical foundation as a Layer 1 blockchain, growing ecosystem, and clear vision for real-world use suggest its future potential.

However, at the same time, challenges remain, such as the uncertainty regarding the transparency of tokenomics and true utility. Whether Pi Network becomes an innovative project or ends up as an overhyped experiment will be determined by future development and market reaction.

When considering cryptocurrency investments, it is always necessary to conduct sufficient research and make cautious judgments. While keeping an eye on the developments of Pi Network, let’s watch how the future of decentralized finance takes shape.

SWIFT Upgrade and Pi Network: Transition to a New Financial System

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Recently, official announcements regarding the Pi Network have been attracting attention. As banks worldwide are progressing towards a new financial system targeting November 2025, the Pi Network may gain prominence. This news has generated significant anticipation among many users who believe in the future potential of the Pi Network.

What is the Pi Network?

The Pi Network is designed as a utility-focused cryptocurrency, with its value dependent on market demand and real-world use cases. This takes a different approach from models where value is determined solely by supply scarcity, like Bitcoin. The Pi Network enables mining on mobile devices and adopts an energy-efficient consensus algorithm, making it accessible to general users. As of February 2025, Pi Coin was listed on major exchanges such as OKX and Bitget, recording a price exceeding $2 on the first day, but has since shown significant fluctuations (approximately $0.70 as of February 21). This market trend indicates that Pi’s value is influenced not just by supply, but also by community activity and utility.

Transition to QFS and ISO 20022

One of the key points to note in this announcement is the formation of a new financial ecosystem utilizing blockchain technology, as the SWIFT network progresses with its upgrade to the ISO 20022 standard. Within this trend, the Pi Network is also gaining attention. The Pi Network officially launched its “Open Network” on February 20, 2025, enhancing connectivity with external systems. This is expected to facilitate future collaboration with the ISO 20022 standard and Central Bank Digital Currencies (CBDCs).

For example, SWIFT plans to fully transition to ISO 20022 by November 2025, and the possibility of projects like Pi being integrated into the financial ecosystem is being discussed. ISO 20022 is a standard that allows for rich data in payment messages. SWIFT began its transition in March 2023 and is expected to complete it by November 2025. Cryptocurrencies compatible with this standard (e.g., XRP and Stellar) are said to have improved compatibility with the traditional financial system, increasing their potential for adoption. Although the Pi Network does not officially claim ISO 20022 compliance, the enhancement of external connectivity through the Open Network is interpreted as a move aimed at collaboration with financial institutions adopting this standard.

Dispelling Misconceptions: The Value of the Pi Network

Some concerns have been raised that “price increases are difficult due to the large supply,” but official information from the Pi Network explains that the coin’s value is determined based on market demand and utility, indicating aspects that cannot be evaluated solely by supply volume. The total supply of the Pi Network is not explicitly disclosed, but it is estimated that tens of millions of users hold coins through community-driven mining. For example, immediately after listing in February 2025, Pi’s market cap temporarily reached $4.2 billion, but the price plummeted, highlighting market instability. Nevertheless, Pi’s white paper outlines a strategy to increase value by expanding real-world utility (payments, in-app transactions, etc.), and long-term growth is expected. According to official announcements, the Pi Network is positioned as a digital asset that promotes real-world use, and there is a possibility that it aims for future collaboration with central banks and financial institutions. The Pi Core Team stated at the launch of the Open Network in February 2025 that it would “securely connect Pi with external systems, expanding new opportunities for businesses and individuals.” This suggests the possibility that Pi could serve as a basis for payments and transactions, rather than just a speculative asset. On the other hand, a direct comparison with Central Bank Digital Currencies (CBDCs) has not yet been officially established and is still in the discussion phase among the community and analysts.

Why is the Pi Network Attracting Attention?

The Pi Network is not just a cryptocurrency; it is designed as a foundation to support a new digital economy. Its utility and ease of use have garnered support from many users and businesses. Furthermore, the potential for collaboration with central banks and use in the public sector are factors that enhance its credibility. Since the launch of the Open Network in February 2025, Pi has enabled connectivity with external systems, and it is expected that opportunities for Pi-based applications and payment systems to be utilized in the real world will increase. This serves as a point of differentiation from other cryptocurrencies and increases its level of attention.

Summary

November 2025 could be a turning point where the Pi Network gains further attention as part of the financial system. As SWIFT’s ISO 20022 migration is completed and CBDC development progresses in various countries, the key will be how much utility the Pi Network can demonstrate. For example, 134 countries are researching CBDCs (as of October 2024), and if Pi can collaborate with these, it has the potential to establish a position in the global digital economy.

We recommend that readers regularly check Pi’s official announcements and market trends to assess its progress.

Pi Network’s Open Network Launch: Unconventional Approach and Future Possibilities

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On February 20, 2025, at 8:00 AM (UTC), the Pi Network officially commenced its long-awaited transition to the Open Network. This transition marks a new era, enabling the Pi Network to connect with external blockchains and real-world applications.

What is the Pi Network?

The Pi Network is known as a platform that allows users to easily mine cryptocurrency on their smartphones. Its key characteristic is the adoption of environmentally friendly mobile mining, unlike traditional high-energy consumption mining.

An Unconventional Approach

The Pi Network employs a mechanism where 65% of tokens are distributed to the community as mining rewards. This approach ensures that the project’s profits are returned to the entire user base, rather than a small number of investors.

Ensuring Trustworthiness through KYC and KYB

KYC (Know Your Customer) and KYB (Know Your Business) ensure transparency between users and businesses, significantly reducing the risk of fraud and scams. This process plays a crucial role in enhancing trustworthiness throughout the ecosystem.

Transition to Open Network and Its Impact

With the transition to the Open Network, Pi tokens have become available on other blockchains and some exchanges. However, they have not yet been listed on major exchanges. This new phase is also expected to foster the development of decentralized applications (dApps) and expand real-world use cases.

Criticism and Response

Some have pointed out a lack of transparency and excessive app permission requests. However, the diverse user base is precisely the strength of the Pi Network. This enables large-scale adoption and accessibility.

Vision for the Future

The Pi Network holds a vision of paving the way for an “inclusive, sustainable, and utility-focused” future. It aims to succeed as a community-driven, transparent, and genuinely useful cryptocurrency.

Next Steps

Promoting dApp development
Addressing users who have not completed KYC
Improving utility across the entire ecosystem

In this way, the Pi Network is forging a new era with an approach that sets it apart from traditional cryptocurrencies.

“Pi will always be different. That is our strength.” — Chengdiao Fan (Founder)

Let’s continue to watch how the Pi Network evolves in the future.