Blockchain

Pi Crypto News: The Latest Updates on the Mobile-Based Cryptocurrency

Pi is a cryptocurrency that can be mined on mobile phones without draining battery or consuming data. It was launched in 2019 by a team of Stanford graduates who wanted to make crypto more accessible and inclusive. Pi has grown to over 35 million users in more than 230 countries, making it one of the most widely distributed cryptocurrencies in the world. In this blog post, we will summarize some of the latest news and developments related to Pi and its ecosystem.

Pi Network Conducts One of the Largest Blockchain Migrations in Cryptocurrency History

In August 2022, Pi Network announced that it had successfully migrated over one million users to its mainnet blockchain. This was one of the largest blockchain migrations in cryptocurrency history, as Pi Network had built and grown its community long before launching the mainnet blockchain in December 2021. The migration involved transferring the Pi balances from the mobile phone app, where they were recorded, to the blockchain, where they can be used for various transactions and applications.

The migration was a major milestone for Pi Network, as it enabled the peer-to-peer ecosystem to materialize. The ecosystem consists of various third-party apps that use Pi as a utility token, such as games, marketplaces, social networks, and more. These apps can tap into a large network of users who have passed KYC and are crypto-ready with Pi in hand to spend for various services.

Pi Network Milestones Signal Strong Growth in Web3 Ecosystem

In March 2023, Pi Network reported that it had achieved several milestones that signaled its strong growth and potential in the Web3 ecosystem. These milestones included:

  • Reaching over 40 million users worldwide
  • Launching over 100 third-party apps on its platform
  • Integrating with other blockchains, such as Bitcoin and Ethereum
  • Partnering with leading organizations, such as UNICEF and Stanford University
  • Hosting various events and webinars for its community

Pi Network also revealed its roadmap for the future, which included:

  • Expanding its app ecosystem and developer community
  • Enhancing its governance and voting system
  • Improving its security and scalability
  • Exploring new use cases and markets for Pi

Pi Network (PI) Live Price, Charts & News Today

According to Forbes Digital Assets, Pi Network (PI) had a live price of $26.28 as of August 15, 2023. This represented a 3.10% increase over the past 24 hours. The price had fluctuated between $21.31 and $26.57 over the past seven days, and between $0.7398 and $249.84 over the past year.

Pi Network (PI) had a market capitalization of $5.4 billion, ranking it among the top 50 cryptocurrencies by market cap. It had a trading volume of $1.2 billion over the past 24 hours, and an average trading volume of $0.8 billion over the past 30 days.

Pi Network (PI) was traded on various exchanges, such as Huobi, Binance, OKEx, and Bitfinex. It was also supported by various wallets, such as MetaMask, Trust Wallet, and Ledger.

Conclusion

Pi is a mobile-based cryptocurrency that aims to create a more inclusive and accessible peer-to-peer ecosystem for users, merchants, and developers alike. It has achieved impressive growth and development since its launch in 2019, reaching over 40 million users and launching over 100 apps on its platform. It has also integrated with other blockchains and partnered with leading organizations to expand its reach and impact.

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