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The True Value of Pi Network: Dr. Nicolas Kokkalis’s Innovative Vision Beyond Cryptocurrency

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As the digital economy evolves, the world of crypto assets (virtual currency) is also rapidly changing. One project that is particularly noteworthy is “Pi Network”. While many people see this as just another virtual currency, the founders’ vision is a complex one that goes far beyond that. This article will explain in detail the true nature that Pi Network aims for and its important role in the transition from Web2 to Web3.

Transition from Web2 to Web3: A Major Transformation of the Digital World

Currently, the world of the internet is at a major turning point. The shift from Web2, dominated by centralized platforms, to Web3, a user-led decentralized system, is progressing. This transition is not easy, but it is an inevitable evolutionary process in the digital world.

The difference between Web2 and Web3 is not just in domain names. Pi Network officially introduced the .pi domain on March 17, 2025, establishing a domain system for Web3. This allows for the transition from traditional .com and .net to .pi. This announcement was made in conjunction with the start of PiFest 2025.

The essential difference between Web2 and Web3 lies in the decentralization of authority and control. In Web3, users can manage their own data and financial transactions more securely and transparently.

Key Differences Between Web2 and Web3

  • Web2: Centralized, managed by platform companies
  • Web3: Decentralized, users have the initiative
  • Web2: Domains like .com, .net
  • Web3: New domain formats based on blockchain technology (.pi, .pinet, etc.)
  • Web2: Data is owned by the platform
  • Web3: Data ownership belongs to the user

Pi Network’s Founding Team and Vision

Pi Network was founded in 2019 by three individuals: Dr. Nicolas Kokkalis (Head of Technology), Dr. Chengdiao Fan (Head of Product), and Vincent McPhillip (Head of Community). Dr. Kokkalis, in particular, as the technical leader, is not just a virtual currency developer but a visionary with an eye on the future of the digital economy.

Dr. Kokkalis aims to bring the benefits of blockchain technology to the general public through Pi Network. In his view, the true value of crypto assets lies not in speculative trading but in building a practical digital economic system.

“Pi Network’s goal is to democratize blockchain technology and build a decentralized economic system accessible to everyone.”

Pi Network Ecosystem: A Comprehensive Digital Economy

Pi Network is not just a virtual currency; it aims to build a complete digital ecosystem. This ecosystem is planned to encompass various decentralized finance (DeFi) applications and blockchain-based services.

Key Components of the Pi Network Ecosystem

  • Decentralized Finance (DeFi) Integration: According to reports, over 100 DeFi projects are expected to join the Pi Network ecosystem.
  • Smart Contracts: Contracts that execute automatically enable transactions without intermediaries.
  • NFTs (Non-Fungible Tokens): Clarify ownership of digital assets and bring new revenue streams to creators.
  • Decentralized Applications (DApps): Development of applications that do not rely on central administrators is promoted.

Through such a comprehensive approach, Pi Network has the potential to go beyond being just a payment method and become a foundation for global transactions and economic activities.

Current Status of Pi Network: Development Phase and Mining Process

Pi Network officially launched its Open Mainnet on February 20, 2025, evolving into a fully decentralized ecosystem. The number of users who have completed KYC exceeds 19 million (as of March 2025), and many users are migrating to the Mainnet.

Users worldwide, including in Japan, are participating in “mining” through a smartphone app. Unlike traditional virtual currency mining, this process is designed to be environmentally friendly, not requiring high computing power or large amounts of electricity.

Characteristics of the Mining Process

  • Participation is possible by simply tapping the “mining button” in the app once every 24 hours
  • Expansion while building a network of trust through a referral system
  • Secure earned Pi coins by completing KYC (Know Your Customer)
  • Pi Network utilizes the Stellar Consensus Protocol (SCP), making it energy-efficient and mobile-friendly

Domain Revolution: .pi and .pinet

With the transition to Web3, the internet’s domain system is also undergoing transformation. Unlike traditional Web2 domains (.com, .net), Pi Network is proposing new domain formats based on blockchain technology.

New domain extensions like .pi and .pinet are not just different names; they are part of a new identity system in the decentralized internet. These domains are managed on the blockchain, rather than traditional centralized domain management systems, providing more transparent ownership.

Importance of Community: Key to Pi Network’s Success

One of the most important factors in the development of Pi Network is community support. Currently, there are millions of Pioneers (Pi users) worldwide supporting the growth of this ecosystem.

Strengthening the community is essential for realizing Pi Network’s vision. By actively participating in building the ecosystem, not just mining currency, users contribute to the formation of a truly decentralized network.

Ways to Participate in the Community

  • Network support through daily mining
  • Knowledge sharing and awareness activities in local communities
  • Development and use of Pi Network-based applications
  • Promotion of transactions and economic activities within the ecosystem

Current Market Situation and Considerations

While Pi Network has not officially started listing on exchanges, Pi coins are already being traded on some unofficial exchanges. Prices on these exchanges are highly volatile, and there are recent reports of trading around $1.3.

Interestingly, despite the circulating supply decreasing from 1.11 billion to 699 million, a significant price increase has not been observed. This may indicate the complex dynamics of the crypto asset market.

Until the full migration to the official Mainnet is completed, the true value and market position of Pi Network remain fluid. At this point, it may be important to observe the project’s development from a long-term perspective.

Latest Announcement: Pi Day 2025

On March 14, 2025 (Pi Day), Pi Network made an important announcement. This announcement revealed the introduction of Pi Domains and a new domain system specifically for the Web3 environment. It is now possible to acquire .pi domains using Pi cryptocurrency in an auction format through domains.pinet.com, providing a foundation for developing businesses and projects in the Web3 world.

As indicated by the statement, “To have a website in the internet world, you need a domain. Similarly, to establish a presence in the Web3 world, you will need a .pi domain,” Pi Network is focusing on infrastructure development for the Web3 era.

Crypto Asset Regulations in Japan and Pi Network

In Japan, crypto assets (virtual currency) are regulated by the Financial Services Agency, and exchanges are required to be registered. For Pi Network to be officially traded in Japan, it would likely need to be listed on an authorized exchange.

Furthermore, in Japan, crypto assets are positioned as “property value” rather than a “means of payment.” Therefore, for Pi Network to be widely used as a daily payment method in the future, changes in the regulatory environment may be necessary.

When Japanese users participate in Pi Network, they also need to be aware of tax treatment. Profits obtained from crypto asset transactions are generally subject to comprehensive taxation as “miscellaneous income.”

Future Outlook for Pi Network

Pi Network holds the potential to become an important foundational technology for the Web3 era. As an ecosystem integrating decentralized finance, smart contracts, NFTs, and decentralized applications, it presents a new model for the digital economy.

For this vision to be fully realized, strengthening the technical infrastructure and continuous community support are essential. Adapting to the regulatory environments of various countries will also be an important challenge.

However, the most important aspect of Pi Network lies in its comprehensive approach. The vision of Dr. Nicolas Kokkalis and his founding team to build an entire decentralized digital economic system, rather than just a virtual currency, can be seen as an attempt to maximize the potential of blockchain technology.

Summary

Pi Network aims to build a comprehensive digital ecosystem that goes beyond a simple virtual currency project. In the transition from Web2 to Web3, this project plays an important role in realizing a decentralized economic system.

The founding team’s complex vision is to democratize blockchain technology and create a foundation for a digital economy accessible to everyone. Community support and the development of technical infrastructure will be key to realizing this vision.

As Pi Network grows into a fully functional ecosystem, we may witness new possibilities for a decentralized economy. This is not just a transformation of the currency system but holds the potential to be part of a larger social change: the redistribution of economic power in the digital world.

The Future of Pi Network: The Revolution Brought by the Open Mainnet Launch

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The Open Mainnet Day will be a historic day for blockchain enthusiasts around the world. This is the day when the Pi Network officially launches its Open Mainnet. This groundbreaking event is not just a technical upgrade, but signifies the dawn of a new era for blockchain technology.

What is the Open Mainnet?

The Open Mainnet means that the Pi Network will become fully decentralized. This allows users to process transactions without the need for a centralized intermediary. In other words, an environment where you have complete control over your assets will be established.

Benefits of Decentralization

  • Fast and secure transactions without intermediaries
  • Users have complete control over their assets
  • Reduced transaction costs

Integration with Global Blockchain

The Pi Network aims to integrate from its previously independent system into the global blockchain ecosystem. This integration opens up possibilities such as:

  • Easier application development
  • More efficient asset trading
  • Building business models based on Pi

Success as a Community-Driven Project

The Pi Network is built not only on its technology but also on the support of its community. Currently, over 60 million ‘Pioneers’ worldwide are participating in this project, each playing a crucial role.

“We are building more than just technology. It is a platform for people to collaborate and redefine the digital economy.”— Pi Network Founder

The Power of the Community

Pioneers are not just users. They are developers, ambassadors, and crucial entities shaping the entire ecosystem. It is this collective effort that sets the project apart.

Towards the Future of Blockchain Technology

The Open Mainnet is the first step towards creating a new digital economy. This will prove Pi’s value not just as a cryptocurrency, but as a usable asset.

Expected Changes

  • Utilization for purchasing goods and services
  • Accessibility-focused economic participation model
  • Transition to an inclusive and equitable digital economy

Conclusion: Preparing for a New Era

The Open Mainnet launch is not just a technical advancement. It is a moment that brings new possibilities and challenges. The Pi Network and its community are ready to embrace this historic moment.

Will you also participate in this transformation? Now is the time to open the door to a new digital economy.

Latest Pi Network Update: Building the Next-Generation Digital Economy and Its Potential

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A new era of the digital economy is about to begin. Pi Network is attracting attention not just as a speculative cryptocurrency, but as a platform for building a future with purpose and vision.

Fundamental Philosophy of Pi Network

Pi Network aims for sustainable value creation rather than pursuing short-term profits. This network is designed as a community-driven economic system, more than just a means of transaction.

Specific Investment Strategies

Minimum Recommended Holding Amount

The recommended minimum holding amount in the initial phase is 100 Pi coins. This serves as a foundation for active participation in the ecosystem and future growth.

3-Part Investment Strategy

  • For daily transactions: Used for purchasing goods and services
  • Emergency reserve: Consider converting only when necessary
  • Long-term investment: Recommended to hold for a minimum of 2 years

Current Status and Development of the Ecosystem

Significance of Pi EST 2024

Pi EST 2024 is positioned as an important event celebrating the growth of the global Pi community. The core team is actively promoting the implementation of Pi payments at merchant locations.

Regional Adoption Status

The Asian region (China, South Korea, Japan, Vietnam) is at the forefront of adoption, and a practical Pi economic zone is already being formed. In Western regions, adoption is progressing by referencing these Asian models.

Difference from Traditional Cryptocurrencies

While traditional cryptocurrencies like Bitcoin focus on speculative trading, Pi Network emphasizes practicality as a daily payment method. It is designed to support the everyday economic activities of general users, not institutional investors.

Attitude Required from Participants

The following elements are important for the success of Pi Network:

  • Commitment to a long-term vision
  • Active contribution to the ecosystem
  • Participation in community activities
  • Utilization in actual transactions

Future Outlook and Potential

Pi Network aims to be more than just a digital currency. Each participant plays a crucial role as a builder of the new economic system. Development is particularly expected in the following areas:

Expected Development Areas

  • Expansion of retail payment systems
  • Revitalization of cross-border transactions
  • Activation of local economies
  • Establishment of a digital economic zone

In this innovative project, true value is created through the active involvement and contribution of participants. It is important to view Pi Network not just as an investment target, but as a collaborative project aimed at building a new economic system.

Pi Network Updates: Building the Next-Generation Digital Economy and Its Potential

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A new era of the digital economy is about to begin. Pi Network is attracting attention not just as a speculative cryptocurrency, but as a platform for building a future with purpose and vision.

Pi Network’s Core Philosophy

Pi Network aims for sustainable value creation rather than pursuing short-term profits. This network is designed as a community-driven economic system, more than just a means of transaction.

Specific Investment Strategies

Minimum Recommended Holding Amount

The recommended minimum holding amount in the initial phase is 100 Pi coins. This serves as a foundation for active participation in the ecosystem and future growth.

3-Way Investment Strategy

  • For daily transactions: Used for purchasing goods and services
  • Emergency reserve: Consider converting only when necessary
  • Long-term investment: Recommended to hold for a minimum of 2 years

Current Status and Development of the Ecosystem

Significance of Pi EST 2024

Pi EST 2024 is positioned as an important event celebrating the growth of the global Pi community. The core team is actively promoting the implementation of Pi payments at merchants.

Regional Adoption Status

The Asian region (China, South Korea, Japan, Vietnam) is at the forefront of adoption, with a practical Pi economic zone already forming. In Western regions, adoption is progressing by referencing these Asian models.

Difference from Traditional Cryptocurrencies

While traditional cryptocurrencies like Bitcoin focus on speculative trading, Pi Network emphasizes practicality as a daily payment method. It is designed to support the daily economic activities of general users, not institutional investors.

Attitude Required from Participants

The following factors are important for the success of Pi Network:

  • Commitment to a long-term vision
  • Active contribution to the ecosystem
  • Participation in community activities
  • Utilization in actual transactions

Future Outlook and Potential

Pi Network aims to be more than just a digital currency. Each participant plays a crucial role as a builder of the new economic system. Development is particularly expected in the following areas:

Expected Development Areas

  • Expansion of retail payment systems
  • Revitalization of cross-border transactions
  • Revitalization of local economies
  • Establishment of a digital economic zone

True value is created in this innovative project through the active involvement and contribution of participants. It is important to view Pi Network not just as an investment object, but as a collaborative project aimed at building a new economic system.

New Mining Revolution Sweeping Indonesia: The Digital Economy Wave Reaching Every Home

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Pi Network Movement Spreading in Indonesia

Across the Indonesian archipelago, a wave of new digital revolution is surging. Pi Network, an innovative blockchain project, is spreading at an astonishing speed from urban areas to rural regions.

The Significance of “Every Mining House”

Under the slogan “Mining in Every House,” Pi Network is deploying an approach different from traditional cryptocurrencies. A key characteristic of this movement is its accessibility, allowing participation with just a smartphone, without requiring specialized knowledge or expensive equipment.

Becoming a Social Phenomenon Supported by the Police

It is noteworthy that this movement is receiving official support from the police. Police officers accompany community events held in various locations, ensuring the legitimacy and safety of the activities.

The Younger Generation and the Digital Economy

Particularly among the younger generation, Pi Network is recognized as a new path towards economic independence. It is providing opportunities through blockchain technology that were not available within the traditional financial system.

Building an Inclusive Economic System

The most important characteristic of Pi Network is its inclusivity. By building a system where anyone can participate regardless of educational background or economic status, it aims to achieve true equality of economic opportunity.

The Pi Network philosophy that “technology is for everyone” is taking deep root in Indonesian society.

Future Outlook

The rapid spread of Pi Network offers significant insights into the future of Indonesia’s digital economy. It suggests the potential for a community-driven economic model to complement the traditional financial system and open up new possibilities.

Pi Network: Pioneers of the Digital Currency Revolution – The Dawn of a New Era

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Moves Towards Practical Application of Crypto Assets

Moves towards the practical application of digital currencies are steadily progressing. As one example, the innovative payment card “Spend” was announced through a partnership between Mastercard and Mercuryo. This card enables direct payments from self-custodial wallets, marking a significant step towards the practical utilization of digital assets.

Features of the Spend Card

• Functions as a Euro-denominated debit card
• Compatible with Apple Pay and Google Pay
• Supports multiple blockchain networks
• Clear fee structure (Issuance fee 1.60 EUR, Monthly fee 1 EUR, Withdrawal fee 0.95%)
• Service currently limited to the European region

The Future Pi Network Aims For

Pi Network, which has been under development since 2019, aims to build a comprehensive digital economic system integrating decentralized finance (DeFi) and decentralized social networks. This project is working towards creating a more transparent and efficient economic foundation that transcends the limitations of traditional financial systems.

Key Features of Pi Network

• Building a large-scale blockchain network
• High security and transaction transparency
• Efficient transaction processing system
• Development of a comprehensive Web3 ecosystem
• Compatibility with global economic activities

Preparation for Mainnet Deployment

Pi Network is scheduled for mainnet deployment within 2024. This launch will proceed with careful consideration of the network’s completeness and social factors. Following the mainnet migration, utilization in actual economic activities is anticipated.

Key Development Areas

• Ensuring network stability and reliability
• Strengthening security features
• Improving usability
• Expanding the ecosystem
• Supporting community growth

Role and Outlook of Pioneers

Pi Network’s Pioneers will be crucial contributors to this innovative project. They are expected to participate in the construction of a new economic system and contribute to its development.

Opportunities for Pioneers

• Project participation from the early stages
• Early access to new technology
• Contribution to ecosystem development
• Participation in community formation and growth
• Participation in building the next-generation economic system

Conclusion

As a new era of digital currency is about to begin, Pi Network is aiming to build a more practical and sustainable economic system with an approach different from traditional crypto assets. As Pioneers participating, you have a special opportunity to be a vital part of this innovative project and build the future of the digital economy together.We hope that one day Pi Network will also be able to use this card payment.

With the evolution of technology, our economic activities and methods of value exchange are also poised for significant change. With the development of Pi Network, it is time to take a new step towards realizing a more equitable and efficient economic system. To witness this moment of historical transformation and be a part of it is a great privilege for us Pioneers, and at the same time, a responsibility.

Pi Network Revolution: Global Mainnet Rollout Connecting Over 115 Countries and the Complete Overview of the Influencer Program

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Pi Network, which is revolutionizing the world of cryptocurrency, has finally begun the rollout of its global mainnet. This groundbreaking event has the potential to significantly change the future of the digital economy.

Pi Network’s Global Mainnet Revolution

Connecting Over 115 Countries: The Dawn of a New Digital Economy

Pi Network has built a global network connecting over 115 countries. This allows users worldwide to utilize Pi coin, enabling cross-border transactions and investments.

Strategic Partnerships: Collaboration with Cryptocurrency Companies

Pi Network has announced strategic partnerships with major cryptocurrency companies. This collaboration will accelerate the global adoption of Pi coin and ensure a secure and robust infrastructure.

What is the Pi Influencer Program?

New Opportunities for Content Creators

Pi Network has launched the Pi Influencer Program, offering new opportunities for content creators. This program is a groundbreaking initiative that allows participants to earn rewards while contributing to the development of the Pi Network ecosystem.

Expand Your Influence While Earning Pi Coin

Participants in the program can earn Pi coin by creating engaging content about Pi Network, while simultaneously increasing their influence within the cryptocurrency community.

The Future Realized by Pi Network

Cross-Border Real-Time Transactions

Pi Network enables real-time value transfer, transcending geographical constraints. This allows international transactions and remittances to be conducted with unprecedented speed and efficiency.

Advanced Security and Transparency

By adopting the latest blockchain technology, Pi Network achieves advanced security and transparency. Users can conduct transactions and investments with confidence.

Benefits of Joining Pi Network

Benefits of Decentralization and the Digital Economy

By joining Pi Network, you can directly benefit from the decentralized digital economy. Free and fair economic activity is possible without relying on centralized financial systems.

Become Part of a Global Financial Revolution

Pi Network is more than just a cryptocurrency. It is a symbol of a global financial revolution. Participants can stand at the forefront of this historic transformation.

The global mainnet rollout of Pi Network is a significant step towards shaping the future of the digital economy. Now is the time to join this innovative network and explore new possibilities. The world is changing. Will you be a part of it?