What is Pi Network?

Pi Network is an innovative platform aiming for a decentralized ecosystem utilizing blockchain technology. It is currently in the Closed Mainnet phase, allowing transactions and bartering using P coins.

Closed Mainnet Phase and P Coin Transactions

In the Closed Mainnet phase, users who have completed KYC (identity verification) and migrated coins to their wallets can now conduct transactions. This is an important step towards the full operation of the ecosystem.

Marketplace Applications within Pi Network

The Pi Network ecosystem includes various marketplace applications that accept P coins as a means of payment. Notable ones among them are as follows:

• GPM Global Market: High-value items such as luxury cars are listed with P coins.
• Picket Place: A variety of products, including gold and Indonesian cloves, are sold.
• Barter Mall: A variety of items, such as toys and children’s bikes, are offered at affordable prices.
• 1P Mall: A unique marketplace where all products can be purchased with 1 P coin.

Sites Available for Transactions within Japan

Introducing a new site where products can be purchased through Pi transactions in the form of online shopping.

Pihan

https://musenkpk0079.wixstudio.com/pihan

A variety of products are available by genre. Daily necessities, PC parts, books, etc., are prepared as categories. We look forward to the future expansion of the product lineup. The price is set equivalent to 1 pi = 1000 yen.

Examples of P Coin Prices and Future Outlook

The official price of P coin has not yet been set, but reference prices are provided in the marketplace to help understand its value.

Start of Open Network Scheduled for Q1 2025

The Open Network is scheduled to start in Q1 2025, which will lead to the official price of P coin being determined and transaction opportunities expanding. This development is expected to further strengthen Pi Network’s position as a decentralized ecosystem.

GPM Global Market Overview

GPM Global Market is a particularly notable application within Pi Network, offering high-value products and setting a standard for other marketplaces within the ecosystem.

Features of Picket Place

Picket Place offers a wide range of products, including precious metals and agricultural products, making it a versatile platform for P coin transactions.

Highlights of Barter Mall

Barter Mall offers a variety of items and is designed to be accessible at affordable prices for all users.

1P Mall and Its Offerings

At 1P Mall, all products can be purchased with 1 P coin, making it an attractive option for pioneers exploring the ecosystem.

Let’s Use Overseas Online Shopping Products as Reference Only, Without Purchasing

Currently, it is in a closed state, and while sellers can freely determine prices, prices vary widely depending on the site and product, lacking uniformity. Since online shopping via the Pi app involves overseas transactions, it is advisable to use the listed products and prices for reference only, without actually purchasing. It is recommended to wait until services appear that seem safe for buying and selling when the Open Network is launched in the near future. If you are making a Pi payment, purchasing from the site introduced above or the one introduced recently at https://pipay.jp/ might be a good option.