New Era Begins at Pi Coin (PI): It’s Trading on Exchanges – Here’s the Price and Founder’s Speech

Pi Network (PI) has officially launched its Open Network network. According to the latest data, the token, which is available for trading on cryptocurrency exchanges OKX, Bitget and Gateio, has lost 60% of its value during the day and is trading at $ 0.66 at the time of writing.

According to the team’s official statement, with external connectivity now enabled, users can conduct transactions beyond the Pi ecosystem, interact with KYC-certified businesses, and access new integrations including centralized exchanges.

While developer tools are essential, the long-term success of the Pi ecosystem depends on real-world adoption. However, let’s not forget that there are those who claim that the PI token is a pyramid scheme and therefore extremely risky.

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Ahead of this launch, Pi Network co-founders Dr. Nicolas Kokkalis, CTO, and Chengdiao Fan, Product Manager, shared their views on the network’s vision and strategy. You can find the details of their views below.

According to the statement, Pi Network currently has over 100 Mainnet-ready applications designed to be seamlessly accessed via the Pi Browser.

With millions of Pi tokens in circulation, the network has structured a tokenomics model to maintain stability and promote sustainable growth. Pi’s issuance model is designed to decay over time while rewarding users based on contributions such as security verifications, application usage, and running nodes.

Pi Network’s Open Network transition has been ongoing for six years. Since the launch of the Enclosed Network phase in December 2021, the team has focused on identity verification (KYC), application development, and merchant integrations. Pi Network has over 19 million authenticated users, 10 million Mainnet users, and 60 million engaged community members.

*This is not investment advice.

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