Have you heard the name “Pi Network”? Maybe it’s already on your smartphone! In this article, we will explain everything about the cryptocurrency project “Pi Network,” which is currently attracting attention worldwide, from its basics to why it attracts so many people, and how it has the potential to change our future. We will explain it from a perspective that supports Pi Network, making it easier to understand and more passionate than anywhere else! Your questions like “What exactly is Pi?” and “How is it related to Web3?” will surely be resolved.

First, you need to know! What is “Web3” behind the emergence of Pi Network?

To deeply understand Pi Network, it is important to first know about the big wave called “Web3.” Does it sound difficult? Don’t worry! Let’s look together at why Pi Network is called a “new form of the internet.”

Today’s Internet (Web2.0) is convenient, but… whose data is ours?

The social media and search engines we use every day are called “Web2.0.” They are very convenient, but specific large companies manage our data and platforms. This is like a “rental house” where you pay rent to live. In exchange for convenience, our data is often used for corporate profit, and we are bound by platform rules. Haven’t you ever felt, “This data is really mine…”?

Web3 Declaration! Towards an era where “my data is my own” is commonplace

This is where “Web3” comes in. Web3 is also called the third generation of the internet, and it is a concept that aims for a more decentralized internet where users themselves are the true owners of their data. Instead of information and power being concentrated in specific companies, each user can be the protagonist. Pi Network is a project that strongly reflects this philosophy of Web3.

A new form of “trust” realized by blockchain technology

One of the core technologies supporting Web3 is “blockchain.” This is a technology that records information in “blocks,” connects them like a chain, and shares and manages them with all participants. Once recorded, it is very difficult to tamper with, and it is characterized by high transparency. This makes it possible for users to exchange information and value with each other based on trust, without going through a central administrator. Pi Network is also trying to build a new economic zone based on this blockchain technology.

Finally, the main topic! Getting to the core of Pi Network

Now that you have grasped the basic idea of Web3, let’s get to the core of Pi Network! What exactly does Pi Network aim for, what are its characteristics, and what impact does it intend to have on our daily lives?

How to describe Pi Network in one word? ~A cryptocurrency project that anyone can easily participate in~

Pi Network is an innovative project that started with the goal of “allowing anyone to easily acquire (mine) cryptocurrency using a smartphone.” It has opened the door to digital currency for more people by making cryptocurrency mining, which previously required specialized knowledge and expensive equipment, possible with a simple tap on a dedicated app.

Pi Network’s Mission: To make “you” the true owner of your data and dreams

Pi Network aims for more than just creating a new cryptocurrency. It is based on the grand vision of “making you not only the true owner of your data, but also the true owner of your money and your dreams.” With the power of Web3, it is trying to realize a society where each of us can control information and value, and live more freely and richly.

What is the cryptocurrency “Pi”? ~The digital currency of the future~

“Pi” is the native cryptocurrency of Pi Network (the currency unique to its platform). It is currently still in the development phase and is not yet available for trading on general exchanges (as of May 7, 2025), but it is expected to be used for various purposes in the future, such as payment for goods and services within the Pi ecosystem, use of DApps (Decentralized Applications), or exchange with other cryptocurrencies. It is truly the base currency of the Pi Network economic zone.

When did it start? The birth story of Pi Network (along with the history of Web3)

The concept of Web3 was clearly proposed in 2014 by Gavin Wood, co-founder of Ethereum. Pi Network was launched on March 14, 2019 (Pi Day!) by a team of Stanford University graduates, amidst the spread of such Web3 ideas. The philosophy of “cryptocurrency accessible to everyone” deeply resonates with the ideas of decentralization and user sovereignty that Web3 aims for.

Unique Tools Provided by Pi Network: “Pi Browser” and “Pi Wallet”

To experience the world of Pi Network and participate in its ecosystem, there are several dedicated tools. Here, we will explain the role and usage of the particularly important “Pi Browser” and “Pi Wallet,” which manages your Pi.

What’s so great about “Pi Browser,” the dedicated gateway to Web3?

“Pi Browser” is a dedicated web browser provided by Pi Network. It is not just for browsing the internet, but also an important gateway for accessing various DApps (Decentralized Applications) within the Pi ecosystem and using the Pi Wallet.

A notable point of Pi Browser is that “if you have a verified account (KYC), it has the potential to reduce the complexity of traditional wallet connections and allow for a more seamless entry into the world of Web3.” This is a significant strength that lowers the barrier to Web3 use for many people and promotes the use of the Pi ecosystem.

The mechanism of “Pi Wallet” that protects and utilizes your Pi

“Pi Wallet” is a digital wallet for safely storing and sending/receiving the Pi you have earned. Pi Wallet has a “public key (address)” that you share when sending Pi to others, and a “private key (passphrase)” that only you manage strictly. You must never share this private key with anyone else. If it is lost or stolen, you may permanently lose the Pi in your wallet, so self-management is extremely important.

Through Pi Wallet, it is expected that various transactions using Pi will be possible in the future.

Will it affect the future of Pi Network? The importance of “KYC (Know Your Customer)”

If you participate in Pi Network, you will often hear the term “KYC.” Some people may find it “troublesome,” but in fact, this KYC is a very important process for the healthy development of Pi Network and the realization of the future we envision.

Why does Pi Network focus on KYC? ~Preventing fraud and building trust~

KYC stands for “Know Your Customer,” which translates to “identity verification procedure” in Japanese. The main reasons why Pi Network emphasizes KYC are as follows:

• Ensuring the principle of one person, one account: Prevents unfair acquisition of Pi by fraudulent bots or multiple accounts and maintains the fairness of the network.
• Improving the reliability of the ecosystem: By verifying that participants are real people, it reduces the risk of fraudulent activities such as scams and money laundering, and enhances the overall reliability of the Pi ecosystem.
• Compliance with legal regulations: For Pi to be widely used in the future, compliance with legal regulations in each country is essential, and KYC is an important step towards that.

Possibilities beyond KYC: A voting system as a DAO?

KYC may have meaning beyond just a procedure. Source information suggested a very interesting concept: “If KYC is completed worldwide on Pi Network, all democratic countries might be able to hold elections online directly based on blockchain, without using voting machines.” This means that Pi Network has the potential to strengthen its aspect as a DAO (Decentralized Autonomous Organization) in the future and build a transparent and fair decision-making system by community members. The future of Pi Network may be shaped by trusted participants who have completed KYC.

What can Pi Network do in the world of Web3? ~Expectations for DeFi, NFT, and DAO~

Pi Network is a grand project in itself, but within the broader ecosystem of Web3, what role does it play and what future services will it connect to? Here, let’s consider the relationship between Pi Network and Web3 keywords such as DeFi, NFT, and DAO.

The potential of DeFi (Decentralized Finance) in the Pi ecosystem

DeFi (Decentralized Finance) is a system that allows access to financial services without intermediaries like banks. In the future, it is possible that Pi can be lent or borrowed on the Pi Network platform, other assets can be borrowed using Pi as collateral, or decentralized insurance or investment products using Pi may appear. This could provide new financial opportunities to people who previously did not have access to traditional financial services.

What it means to own NFT (Non-Fungible Token) with Pi

NFT (Non-Fungible Token) is a technology that gives unique value to digital data. Within the Pi ecosystem, a future is conceivable where digital art, music, in-game items, or event tickets are issued as NFTs and bought and sold using Pi. Creators can deliver their works directly to Pi users, and Pi users can experience the joy of owning unique digital assets.

Realization of DAO (Decentralized Autonomous Organization) by the Pi community

DAO (Decentralized Autonomous Organization) is an organization where decisions are made by the votes of community members, rather than a specific leader. Pi Network, based on its vast community and KYC system, has the potential to evolve into a true community-driven DAO, where the future direction of the project and the use of development funds are decided by the votes of Pi holders. The realization of “Pi Network created by everyone” may come true.

The Challenges of Pi Network and the Future We Create Together

Every innovative project faces challenges that must be overcome. Pi Network is also facing several challenges in realizing its grand vision. However, this is also an opportunity for us users to contribute to the success of the project.

Scalability, Usability, and Societal Understanding

For Pi Network to accommodate even more users and build a vibrant ecosystem in the future, it needs to address the following challenges:

• Scalability: The ability to process many transactions quickly and at low cost.
• Usability: Improving the interface so that people without specialized knowledge can use Pi Wallet and DApps more easily.
• Social Recognition and Understanding: Deepening society’s overall understanding of cryptocurrency and Web3, and widely recognizing the safety and usefulness of Pi Network.
• Compliance with Legal Regulations: Appropriately responding to evolving cryptocurrency-related legal regulations in each country.

These are challenges faced by many Web3 projects, not just Pi Network.

Is “It has no value yet” true? The importance of having a long-term perspective

We also hear voices saying, “When will Pi become money?” or “Does it have no value yet?” However, Pi Network is not a project that pursues short-term profits, but a long-term attempt to build a new economic zone and social infrastructure. Instead of judging based only on the current price or exchangeability, it is important to watch and support the project from a long-term perspective, considering the vision it aims for, the progress of technological development, and the growth of the community.

What we Pioneers can do

Pi Network users are called “Pioneers.” We Pioneers can actively participate in the growth of the project, not just acquire Pi.

• Keep learning: Deepen your knowledge about Pi Network and Web3, and understand information correctly.
• Participate in the community: Interact with other Pioneers on official forums and social media, and exchange information.
• Provide feedback: Actively express your opinions on the usability of the app and the project.
• Try the ecosystem: Try out DApps under development in Pi Browser, or experience sending and receiving Pi on the testnet.

Each of your small actions can become a force that shapes the future of Pi Network.

Summary: Pi Network is a “Invitation to the Future” in Your Hands

So far, we have looked at the charm and potential of Pi Network and its connection to Web3. Pi Network is not just one of many cryptocurrencies; it is a grand attempt to transform the way the internet works and the structure of society itself into something more user-centric and fairer.

Discover the joy of “learning” with Pi Network

Participating in Pi Network is an excellent opportunity to learn about Web3, blockchain, and new forms of economy. Without shying away from it because it “seems difficult,” by gradually absorbing knowledge, your perspective on the future may change.

Experience the joy of “connecting” with Pi Network

Pi Network is a huge community with tens of millions of users (Pioneers) worldwide. Being able to connect with people from diverse backgrounds across borders towards a common goal is a major attraction unique to Pi Network.

Become a member who “creates the future” with Pi Network

Pi Network is not yet a completed project. That is why the contribution of each and every Pioneer greatly influences its future. Why not become a member who creates the history of the new internet?

Turn dreams into reality. Together with Pi Network, towards a new world

As mentioned in the source information, Web3 may hold the power to “turn your dreams into reality.” And Pi Network is trying to deliver that power into the hands of many people. Together with Pi Network, let’s believe in the possibilities of the future opened up by new technology and take a step forward. The Pi app on your smartphone is truly an “invitation to the future.”

Let’s continue this exciting journey together, keeping an eye on the latest information about Pi Network!