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The Pi Network describes itself as a “free-to-mine” cryptocurrency project that aims to create a more accessible financial ecosystem for users. Launched in 2019 by a team of PhDs from Stanford University, the initiative enables users to mine Pi tokens merely by downloading an app, opening it daily, and tapping a button. This simplified approach creates an alternative to traditional mining by reducing energy consumption and allowing users to participate using their smartphones.
As of January 2025, however, the Pi token holds no real-world value, is not tradable on exchanges, and exists only within the confines of the app. Thus, obtaining Pi exclusively occurs through the mining action within the app itself, raising questions about its long-term viability and operational structure.